Personal Savings

Student Savings

This account is the perfect way to teach the importance of saving while empowering young savers to manage their own money.

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A great first account for students under 18.

With no monthly fees and a competitive interest rate, it’s easy for students to watch their savings grow. Whether they’re saving for a new gadget, future education, or just learning the basics of money management, Colony Bank’s Student Savings account is a smart start to a strong financial future. Help your child build good financial habits today and give them the tools to achieve their dreams.

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No Interest

Earns interest on your average daily balance and interest is credited quarterly

$0

No monthly minimum balance*

$0

No monthly maintenance fee*

6

6 withdrawals or transfers from your account every month.

If you happen to exceed 6 withdrawals, a $5 fee per withdrawal will apply

*Once the account owner reaches the age of 18, a $8.00 monthly service charge fee will be charged if the daily balance falls below $100 any day of the month

Which account is right for you?
Account
 
Interest
Minimum to Open
Monthly Service Charge
Regular Savings
Open Account
Interest: N/A
Minimum to Open: $50
Monthly Fees: $8.00 (if your daily balance during the month falls below $100)
Student Savings
More Details
Interest: N/A
Minimum to Open: $50
Monthly Fees: $0 (Before the age of 18)
HSA Accounts
More Details
Interest: On the average daily balance
Minimum to Open: $50
Monthly Fees: $0
Money Market Account
Open Account
Interest: Tiered
Minimum to Open: $50
Monthly Fees: $0 (with a minimum daily balance of $1,500)
Certificates of Deposit
Open Account
Interest: N/A
Minimum to Open: N/A
Monthly Fees: N/A
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Colony Bank offers a wide array of services to support you, from personal banking solutions to specialized lending options. Whatever your financial needs, we will help you every step of the way.