Colonial Interest Checking

For those who need more than a basic checking account, we offer Interest Checking. With this account, you earn interest on your checking balance of $5,000 or more.*

Additional Features

  • FREE Colonial Online Banking with FREE Bill Pay
  • FREE Colonial Check Card**
  • FREE first order of Colonial custom wallet-style checks
  • Unlimited check writing with no per-item fees


    • 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

    No interest paid

    $5,000 to $9,999

    Tier 1

    $10,000 to $24,999

    Tier 2

    $25,000 to $49,999

    Tier 3

    $50,000 to $74,999

    Tier 4

    $75,000 to $99,999

    Tier 5

    $100,000 or more

    Tier 6

     

    Rates and Fees

    Minimum opening balance

    $100

    You can waive the service charge

    Simply maintain a minimum balance of $2,000

    Monthly service charge

    None, if minimum balance of $2,000 is maintained; $10 if balance falls below $2,000

     

     

    *Interest Checking is open to individuals only. Interest is accrued on 100 percent of the daily collected balance of $5,000 or more and credited to the account monthly. 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 statement day.**No annual fee. Transactions at non-Colonial ATMs subject to activity fees.

     

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