Designed exclusively for members of Colonial Wealth Management, Preferred Checking offers services and products that provide our customers with an enhanced banking relationship. It is a variable tiered-rate checking account. The interest rate increases as the balance in your account increases.

The Preferred Checking Account is available to individuals, nonprofit organizations and sole proprietorships with a minimum $10,000 opening deposit.* Interest is calculated on 100 percent of the daily collected balance and credited to the account monthly.

Additional benefits include:

• Complimentary Colonial Check Card
• Complimentary Colonial Online Banking and Bill Pay**
• Complimentary official checks, money orders and Travelers Cheques
• 50 percent discount on safe deposit box rental (upon availability)

 

 

*There is no service charge if an average daily collected balance of $10,000 is maintained. If the balance falls below the minimum requirement of $10,000, there will be a $17 service charge for that statement period. **Consumer accounts only.