Optimum flexibility and optimum earnings – Business Optimum Savings offers a savings plan that gives you the security of a savings account with investment account interest rates.

Account Features

• Interest accrued on 100 percent of the daily collected balance and is credited to the account monthly*
• No service charge if minimum balance is maintained
• Unlimited deposits
• Six FREE withdrawals per month**
• Access savings account at ATMs with your Colonial Check Card***

Interest Rates

Balance	Rate
Less than $25,000	Tier 1
$25,000 to $74,999	Tier 2
$75,000 or more	Tier 3

 

Rates and Fees

Minimum opening deposit	$3,000 – Alabama, Georgia, Texas, Nevada and Florida; $300 – South Florida
You can waive the service charge	Keep a minimum balance of: $3,000 – Alabama, Georgia, Texas and Florida $300 – South Florida
Service charge if minimum balance is not maintained	$12 – Alabama, Georgia, Texas, Nevada and Florida; $5 – South Florida
Fee for more than six withdrawals per month	$1 – Alabama, Georgia,  Texas, and Florida; $5 – Nevada

 

 

*Not available to financial institutions. Your interest rate and annual percentage yield may change. No interest is paid if the account is closed before the end of a statement cycle or if the daily balance is zero on statement day.
**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 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.