2011 High-Yield Checking Survey » Results » Colonial Savings
Colonial Savings
| Nationally offered | APY | Default APY | Debit transactions required | Bill repayment requirement | Direct deposit required | Balance cap |
| N | 0.75% | 0.25% | 5 | Y | Y | $25,000.00 |
| Notes |
| For banking area. Cash-In Account: $25 minimum to open, balance requirement fee $10 per month, minimum balance to avoid monthly fee is $500, minimum balance charge automatically waived if you are under 25, minimum balance charge waived if there is one automatic clearinghouse deposit per month, or 3 automatic clearinghouse debits per month, or 5 point of sale debit card transactions per month.
Transaction fee is $0.5 per check in excess of 15 per month, no minimum to earn interest, 50 free starter checks, 0.25 percent rate bump on Certificate of Deposit, free online banking. Interest: 0.50 percent for $25,000-$50,000, 0.25 percent for $50,000 and higher. Interest rate is only affected by the account balance. |