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October 7, 2010

Vermont Bar Foundation President Addresses Members

At the Vermont Bar Association Annual Meeting, Vermont Bar Foundation President Joe Cahill addressed about 300 lawyers and thanked them for choosing Vermont Bar Foundation IOLTA HONOR ROLL financial institutions.  IOLTA HONOR ROLL leadership banks and credit unions remit generous interest rates on these accounts, the proceeds of which go to the Vermont Bar Foundation, primarily to fund civil legal services for low income Vermonters.

“Please ask yourself if your IOLTA account is generating as much interest as it should,” said Vermont Bar Foundation Board member Beth Danon.  “You can choose a Vermont Bar Foundation IOLTA Honor Roll Leadership bank or credit union and you should.”  Gold and Silver level institutions remit 2% interest on their accounts and Bronze Level institutions remit 1.5% on theirs.  These are generous interest rates.

Gold Level Leadership Institutions

These institutions offer an annual net yield of 2.0% or higher and tie their deposit rate to a recognized market indicator.*

  • Brattleboro Savings & Loan Association
  • KeyBank
  • Mascoma Savings Bank
  • New England Federal Credit Union
  • Passumpsic Savings Bank
  • TD Bank
  • The Bank of Bennington
  • Vermont State Employees Credit Union

Silver Level Leadership Institutions

These institutions offer an annual net yield of 2.0% or higher.

  • Northfield Savings Bank

Bronze Level Leadership Institutions

These institutions offer an annual net yield of 1.5%.

  • Community National Bank
  • Merchants Bank
  • People’s United Bank

If you attended the Vermont Bar Association Annual Meeting and you received a Vermont Bar Foundation IOLTA HONOR ROLL thank you postcard, please be sure to complete it and send it to your IOLTA HONOR ROLL financial institution today!  “If your IOLTA institution is on the Vermont Bar Foundation IOLTA Honor Roll, it will help the Foundation and all its grantees if you would please take a moment to write a note or make a call to that institution’s president to say thank you!” said Vermont Bar Foundation board member Matt Valerio.

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