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Business Savings

Regular Savings | Preferred Money Market 

Regular Savings

  • $100 minimum to open account
  • Earns interest on average daily balance
  • Interest is credited quarterly
  • No monthly maintenance fee with minimum daily balance of $100
  • $5.00 monthly maintenance fee if balance goes below $100
    during the month
  • Six free withdrawals and/or transfers per month
  • $3 fee for each withdrawal and/or transfer in excess of six per month

Business Preferred Money Market

Designed for businesses desiring a savings account with check writing
capability.

  • $1,000 minimum to open account
  • Account earns interest on a tiered format on average daily balance.
    Less than $1,000                           $1,000 - $9,999
    $10,000 - $24,999                          $25,000 - $49,999
    $50,000 - $74,999                          $75,000 and above
  • No monthly maintenance or activity fee with minimum daily
    balance of $1,000 and less than 6 transfers and/or withdrawals
  • $7.50 monthly maintenance fee if balance goes below $1,000
    during the month
  • $7.50 activity maintenance fee if transfers and/or withdrawals
    exceed 6 per month
  • Interest is credited monthly

Money Market and Savings Account Limitations

Federal regulation and our deposit agreement limit the number of withdrawals and/or transfers that may be made from a money market or savings account. You are permitted or authorized to make no more than six transfers or withdrawals, or a combination of such transfers and withdrawals, per calendar month or statement cycle of at least four weeks, to another account you own at Colony Bank (including a transaction account) or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order payable to third parties. Unlimited withdrawals, deposits, and transfers can be made in person at Colony Bank's ATMs and banking locations.

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Cash Rewards

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Helpful tips and Overdraft Plans for consumer accounts.
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