IOLA Accounts

Lawyers and law firms in New York may establish Interest on Lawyers Account (IOLA) with Maspeth Federal Savings.

IOLA programs operate throughout the U.S. and Canada. They generate funds that are used to support legal aid, legal education for the public, and other activities that improve the quality of justice.

Benefits Include:

  • Competitive Interest Paid to the IOLA Committee Monthly
  • No Minimum Balance Requirement*
  • No Monthly Service Fees
  • Unlimited Deposits and Withdrawals

How To Open

Please contact us for more information and disclosure statement containing complete details regarding our current charges, fees, terms & conditions.

*A $1.00 deposit is required to open account, plus check printing charges.

HELPFUL INFORMATION