Money Market Accounts
ColomboBank money market accounts offer a combination of convenience, safety, liquidity and a very competitive yield. You will enjoy the following features:
- Unlimited withdrawals may be made in person or through any ATM. By law, only six third party withdrawals are allowable per statement cycle. These include checks, telephone or fax transfer requests and ACH debits. Only three withdrawals per cycle may be made by check
- Individuals may use their ColomboBank ATM card at any STAR or CIRRUS machine to make withdrawals, transfers between ColomboBank accounts and Point-of-Sale purchases.
- Interest is compounded daily and credited monthly on daily balances falling within the following tiers:
$2,000.00 to $24,999.99
$25,000.00 to $99,999.99
$100,000 and higher
click here for current rates and yields
- $1,000.00 minimum deposit to open the account.
- $10.00 maintenance fee if the balance drops below $2,000.00.
- $15.00 per check fee over 3 check limit per statement cycle.
Click here for an account application. Then, either bring the application to the branch location nearest you or mail it in with your opening deposit.
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