Student Savings

Designed for students under 18

  • $50 minimum to open account
  • No monthly maintenance fee
  • No minimum balance
  • Earn interest on your average daily balance, and interest is credited quarterly

*Federal Regulation and our deposit agreement permit or authorize no more than six transfers and withdrawals, or a combination of such transfers and withdrawals, per monthly statement cycle for a money market or savings account. The transfers and withdrawals limit applies to those made to another account, including your transaction account at Colony Bank or to a third party by means of a preauthorized or automatic transfer, or telephonic (telephone/PC) order or instruction, or by check, draft, debit card, or similar order made by you and payable to third parties. A preauthorized transfer includes any arrangement by Colony Bank to a third party form your account upon written or oral instruction, including an order received through an automated clearing house (ACH) or any arrangement by Colony Bank to pay a third party at a predetermined time or on a fixed schedule (e.g. bill payment). Unlimited transfers and withdrawals may be made by mail, messenger, and automated teller machine (ATM), in person, or by withdrawals made by telephone (via check mailed to you) under an arrangement that - Permits transfers for the purpose of repaying loans and associated expenses at Colony Bank; Permits transfers of funds from the money market/savings account to another of your accounts at Colony Bank; or Permits withdrawals (payments directly to you) from the money market/savings accounts. Unlimited withdrawals, deposits, and transfers can be made in person at Colony Bank's ATMs and banking locations.