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IOLTA (Interest on Lawyers Trust Accounts)

Created by the CT Legislature, the IOLTA program requires CT attorneys to deposit client funds into interest bearing accounts. Interest earned is automatically transferred to the Connecticut Bar Foundation and used to provide funding for legal services to low-income individuals and scholarships for law students.

Thomaston Savings Bank is designated a Leadership Bank by the Connecticut Bar Foundation. We achieve this honor year-after-year because we pay one of the highest interest rates on IOLTA balances, in addition to waiving service fees, to provide additional funding for legal aid in CT.

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