What if my IOLTA or IOTA account has a small average monthly balance?
For an account with an average monthly balance below $10,000 or that almost never goes above $50,000, the account interest rate specific provisions of the Rules do not apply. However, the bank at which the account is located must still be an eligible, participating financial institution and only reasonable service charges may be applied to your account. If your account maintains an average monthly balance below $10,000 or almost never goes above $50,000, then your are still encouraged to negotiate with your bank for greatest return possible.
