The CCBA is pleased to share with bar members the following announcement from the Bank of Nevada.
“Bank of Nevada and First Independent Bank, divisions of Western Alliance Bank, share a history of support for Nevada’s legal community. As a leader in the amount of Interest On Lawyer Trust Accounts (IOLTA) funding provided to the Nevada Bar Foundation, Bank of Nevada and First Independent Bank would like to offer the following interest rate increases specific to IOLTA funds.
With an additional $50MM in new IOLTA deposits, we will increase the IOLTA interest rate from .75 Annual Percentage Yield (APY) to .85 APY.
With an additional $100MM in new IOLTA deposits, we will increase the IOLTA interest rate to 2.00 APY.
Bank of Nevada and First Independent Bank are proud to work in partnership with Nevada’s legal community and understand the critical services IOLTA funds provide to many seeking access to justice.
Bank of Nevada and First Independent Bank are divisions of Western Alliance Bank. Member FDIC.”