BarTalk February 2002
Volume 14, Number 1

Coast Capital Savings Credit Union, informed of the negative impact of low interest rates on the Law Foundation and the community it serves, came forward with an agreement matching the highest rates paid to the Foundation on lawyers’ pooled trust accounts. Effective November 1, 2001, the interest paid to the Foundation on lawyers’ pooled trust accounts will be at a rate of prime less 3 per cent, with no service charges.

Increased revenues enable the Law Foundation to fund programs designed to make the law and justice system accessible to British Columbians, particularly those people who may have the greatest problems of access as a result of their economic, social, physical or mental special needs.

Law Foundation Chair Don Silversides, QC thanks Coast Capital Savings Credit Union for its continued commitment to the Law Foundation and for the leadership shown in offering this new agreement.

The CBABC, the Law Society and the Law Foundation urge lawyers to consider which financial institutions provide the best support to the Law Foundation when deciding where to place their trust accounts.

This article was published in the February 2002 issue of BarTalk and is subject to the copyright by the British Columbia Branch of the Canadian Bar Association, 2005, all rights reserved.