Build your savings as you grow your business. The Colonial Business Savings account is perfect for establishing your business’ savings strategy.

Account Features

• Low opening balance of $100
• Two withdrawals per month at no cost*
• No service charge if a minimum balance is maintained
• Ability to link to a Colonial checking account for overdraft funding
• Use your Colonial Check Card to access your savings account**
• Unlimited deposits

Rates and Fees

You can waive quarterly service charge	Maintain balance of: $100 — Alabama, Georgia; $300 — Nevada, Florida, Texas
Quarterly service charge if minimum balance is not maintained	$5 — Alabama, Georgia, Texas, Nevada; $3 — Central Florida, West Coast Florida $4 — South Florida
Fee for more than two withdrawals per month	$1 — Alabama, Georgia, Texas;  $2 — Central Florida, West Coast Florida $3 — South Florida $5 — Nevada
Dormant fee*** if no activity within the past two years and: Balance less than $100 in Alabama or Georgia; Balance less than $300 in Nevada; Any balance in Texas and Florida	$5 — Alabama, Georgia, Nevada; $10 — Florida; $15 — South Florida; $0 — Texas

 

 

*Federal regulations limit the total number of withdrawals or transfers from this account to six per month (or four-week statement cycle). No more than three of the six may be by check, draft or similar instruction to a third party. Excessive transactions during two consecutive statement cycles will result in a change in account type to an account with unlimited transactions.
**No annual fee. Transactions at non-Colonial ATMs subject to activity fees.
***Account becomes dormant if no activity within past 12 months, regardless of account balance.