Business Advantage Money Market

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.

Indicator 3