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 Ways to Save

​You've got a savings goal in mind and we'd like to help you reach it. Whether you're saving for tuition, a nest egg or your next adventure, Colonial offers competitive interest rates on all kinds of ways to save.

Statement Savings

Talk to us about your savings goals and we'll fit you with a plan to help you achieve those goals!

  • $50 minimum to open
  • No balance fee requirement if account stays above $300
  • Balance fee waived if under 18 or over 55
  • Transaction fee of $2 per paper-based withdrawal in excess of three per month
  • Transaction fee of $10 per pre-authorized transfer in excess of six per month
Type​​ Interest Rate ** APY (based on daily compounding)
Savings Accounts ($2,499 or less) 0.150% 0.150%
Savings Accounts ($2,500 or more) 0.150% 0.150%​

** Contact banking centers for more information.

 


 

Certificate of Deposit

Check out our competitive CD rates! Our financial experts are ready to help you save with the type that's best for you.

$1,000 minimum to open*

Type*​ Interest Rate ** ​APY* (based on monthly compounding)
32 - 89 days0.050%0.050%
90 - 179 days0.200%0.200%
6 months0.300%0.300%
12 months0.400%0.400%
13 months0.450%0.450%
36 months0.900%0.900%
60 months1.100%1.110%

* Substantial penalty for early withdrawal of principal from certificate of deposit accounts.
** Contact banking centers for more information.

 


 

Jumbo Certificate of Deposit

$100,000 minimum to open*

Type* Interest Rate ** APY(based on monthly compounding)
32 - 89 days0.050%0.050%
90 - 179 days0.200%0.200%
6 months0.300%0.300%
12 months0.400%0.400%
13 months0.450%0.450%
36 months0.900%0.900%
60 months1.100%1.110%

* Substantial penalty for early withdrawal of principal from certificate of deposit accounts.
** Contact banking centers for more information.

 


 

Individual Retirement Account (IRA) Certificate of Deposit

An IRA can be either a traditional or Roth IRA – the main difference is when you pay taxes. A traditional IRA may allow you to take a deduction now and pay taxes later when funds are withdrawn. A Roth IRA contribution is not deductible, but may offer tax-free earnings later.

  • Competitive fixed interest rate IRAs
  • Variable rate IRAs that allow additions

Features

  • IRAs automatically renew at rate in effect at maturity
  • No annual fee

How much can I contribute?

Your total regular contribution for a taxable year is limited to the lesser of 100% of earned income or the contribution amount below:

  • 2013 and after: $5,500

 

If you are at least 50 years old by the close of the taxable year, you may also make a $1,000 catch-up contribution. Note: Contribution limits are an aggregate of traditional and Roth IRAs.

Fixed Rate 
$1,000 minimum to open

Term Interest Rate **APY
6 months​0.300%0.300%
12 months0.400%0.400%
13 months0.450%0.450%
36 months0.900%0.900%
60 months1.110%1.110%

Variable Rate
$100 minimum to open
Term​​ Interest Rate** APY
6 months0.300%0.300%
12 months​0.400%0.400%

**Contact banking centers for more information.

 It is in your best interest to consult a tax professional to determine IRA eligibility and contribution amounts.​

​​​​Stop by today

BANKIN​G CE​NTERS

© Copyright 1997-2017 Colonial Savings, F.A. All Rights Reserved. Bank and mortgage rates and terms subject to change without notice. This is not an offer to extend consumer credit as defined by Section 1026.6 of Regulation Z. Insurance products issued by Colonial Life Insurance Co. of Texas and DuBose and Associates Insurance are not insured by the Federal Deposit Insurance Corporation. Insurance products are not issued, guaranteed or underwritten by Colonial Savings, Colonial National Mortgage or the FDIC. Insurance products may involve investment risk, if appropriate, including potential loss of principal.

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