The Colonial Advantage Money Market account provides easy access to your money with check-writing privileges and a higher interest rate than a standard savings account.*
Account Features
- Interest accrued on 100 percent of daily collected balance and credited to the account monthly
- Up to three 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
|
$1,000,000 to $4,999,999
|
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.*
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*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 of your Colonial accounts or to a third party by means of a preauthorized or automatic transfer or telephonic (including data transmission) agreement, order or instruction, and no more than three of the six such transfers may be made by check, draft, debit card or similar order made by the depositor and payable to third parties. 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 and may charge a $5 fee. We reserve the right to impose stricter limitations than those stated above, including reclassifying your account.