Checking Plus Interest is designed to make your money work hard by paying a competitive rate of interest. With a moderate opening balance and daily balance requirement, you can earn interest while avoiding a monthly service fee.⁺ All daily collected balances earn interest monthly for qualified individuals, sole proprietorships and not-for-profit organizations.

FREE features include:

• Colonial Check Card*
• Colonial Online Banking with FREE Bill Pay
• First order of Colonial custom wallet-style checks
• Unlimited items per deposit

Interest Tiers
Interest checking is a variable tiered-rate account. The interest rate and annual percentage yield may change. Because this is a tiered-rate account, the interest rate may increase as the balance increases based on the following schedule:

Balance	Rate
Less than $5,000	Tier 1
$5,000 to $24,999	Tier 2
$25,000 to $49,999	Tier 3
$50,000 to $99,999	Tier 4
More than $99,999	Tier 5

 

Rates and Fees

Minimum opening balance	$100 — Florida and Nevada $1,500 — Alabama, Georgia and Texas
You can waive the service charge	Simply maintain a minimum balance of $1,500
Monthly service charge	None, if minimum balance of $1,500 is maintained; $12 if balance falls below $1,500

 

 

⁺The interest is accrued on 100 percent of the daily collected balance of $5,000 or more and is paid monthly. The interest rates are determined at Colonial’s discretion and may change at any time. No interest is paid if the account is closed before the end of the statement accounting period or if the daily balance is zero on the statement day.*No annual fee. Transactions at non-Colonial ATMs subject to activity fees. Additional charges may be imposed by non-Colonial financial institutions or ATM operators.