For the determined saver who expects better rates for bigger balances, Optimum Savings provides the security of a savings account with investment-account interest rates.

Account Features

• Interest accrued on 100 percent of the daily collected balance and 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	Alabama, Georgia, Texas, Nevada and Florida — $3,000 South Florida — $300
Minimum monthly balance required to waive the service charge	Alabama, Georgia, Texas, Nevada and Florida — $3,000 South Florida — $300
Service charge if minimum balance is not maintained	$12 — Alabama, Georgia, Texas, Nevada, Florida; $5 — South Florida
Fee for more than six withdrawals per month	$1 — Alabama, Georgia, Texas, 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 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.  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.