Reap the benefits of competitive money market interest rates and still have complete access to your funds. Interest is earned on a variable tiered rate, which means your rate can increase as your balance grows.*
Account Features
- Interest accrued on 100 percent of daily collected balance and credited to the account monthly
- Up to six free withdrawals by check, draft or debit transactions per statement cycle*
- Unlimited deposits
- No monthly service charge if minimum balance is maintained
- Free first order of money market checks
Interest Rates
Balance
|
Rate
|
0 to $14,999
|
Tier 1
|
$15,000 to $24,999
|
Tier 2
|
$25,000 to $99,999
|
Tier 3
|
$100,000 to $249,999
|
Tier 4
|
$250,000 to $499,999
|
Tier 5
|
$500,000 to $999,999
|
Tier 6
|
$1 million and above
|
Tier 7
|
Rates and Fees
Minimum opening balance
|
$1,500
|
Minimum balance required to waive service charge
|
$1,500
|
Monthly service charge
|
$12 if balance falls below $1,500 in a monthly statement period.*
|
*Federal Regulations limit the number of transactions in this account. If the number of transactions to another account of yours at Colonial or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order of instruction, draft, debit card, or similar order exceeds six per statement cycle, a per-item excessive transaction fee of $5 will be accessed. Transactions at any ATM, in person, via mail, messenger or a night depository are unlimited. If transaction activity in your account exceeds the above-mentioned limitations, we will notify you in writing of failure to comply with the terms of this account. We may impose a special charge if these limitations are exceeded. We reserve the right to impose stricter limitations than those stated above, including reclassifying your account.