This unique savings account is designed exclusively for members of The Private Client Group. It provides the advantage of a high-yield savings account, without the risk of a long-term investment obligation. Immediate access to your account is just one of the many benefits you will enjoy.

The Preferred Savings Account is available to individuals and business customers with a minimum opening deposit of $25,000. The account provides up to two free monthly withdrawals, which makes accessing your funds convenient. With this high-yield account, simple interest is accrued on 100 percent of the daily collected balance, and the interest is credited monthly.*

Additional benefits from Preferred Savings:

• Complimentary Overdraft Funds Transfer Service
• Complimentary Colonial Online Banking and Bill Pay**
• Complimentary official checks, money orders and Travelers Cheques
• Financial consultation with Colonial Asset Management professionals
• 50 percent discount on safe deposit box rental (upon availability)

 

 

*Not available to financial institutions. If the average daily collected balance falls below $25,000, a $17 service fee will be charged to your account for that statement cycle. Your account will be charged a fee for each withdrawal over two per month (refer to Miscellaneous Rates and Fees brochure). Federal Regulations limit the number of transactions in this account during any statement cycle (of at least four weeks) to a total of six transfers and withdrawals 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. Transactions at an ATM, in person, via mail, messenger or night depository are unlimited. **Consumer accounts only.