IOREBTA (Interest on Real Estate Brokers Trust Account)
The IOREBTA (Interest on Real Estate Brokers Trust Account) is a program created by the CT Legislature that requires Connecticut real estate brokers to deposit client escrow funds into an interest-bearing account. The interest is automatically transferred to the Connecticut Housing Finance Authority (CHFA), which provides mortgage assistance to low- and moderate-income families in Connecticut. Thomaston Savings Bank offers this account with no monthly maintenance service charges and full access to online banking and cash management tools to keep escrow activity manageable.
IOREBTA Highlights
No Monthly Maintenance Service Charges
Save money on banking fees with your IOREBTA account.
Community Support
Interest on client funds is automatically transferred to the CT Housing Finance Authority, which provides mortgage assistance to those in need.
Convenience Services
Manage your account from anywhere with our easy-to-use online banking and cash management services.
Current Interest on Real Estate Brokers Trust Accounts (IOREBTA) Rates
Frequently Asked Questions: IOREBTA (Interest on Real Estate Brokers Trust Account)
IOREBTA stands for Interest on Real Estate Brokers Trust Account. It is a state-mandated interest-bearing account that Connecticut real estate brokers are required to use for client escrow funds. The interest does not go to the broker or the client. It is automatically transferred to the Connecticut Housing Finance Authority to fund mortgage assistance programs for Connecticut families.
Yes. The CT Legislature requires Connecticut real estate brokers to deposit qualifying escrow funds into an IOREBTA at a participating financial institution.
The current rate is 0.05% APY on all balances of $0.01 and above, effective June 24, 2026. Rates are subject to change. Contact a branch or visit thomastonsavingsbank.com for the most current rate.
Interest is automatically transferred to the Connecticut Housing Finance Authority (CHFA), which uses it to provide mortgage assistance to low- and moderate-income families in Connecticut.
No. There are no monthly maintenance service charges on IOREBTA accounts at Thomaston Savings Bank.
Yes. The account includes online banking and cash management tools so you can manage escrow activity from anywhere.
CHFA is the Connecticut Housing Finance Authority. It administers state and federal mortgage assistance programs for first-time homebuyers and low- to moderate-income families in Connecticut. Interest generated by IOREBTA accounts statewide helps fund those programs.
An IOREBTA is a compliance account specifically required for holding real estate escrow funds. The interest does not belong to the broker or client. It flows directly to CHFA. It is not a general operating account and should be maintained separately from your business's day-to-day banking.
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