Savings Accounts

Statement Savings

• Minimum Opening Deposit and to earn interest is $50.00
• Monthly Maintenance Fee is $5.00.
• Interest is accrued daily, credited and compounded monthly based on the daily balance.
• To avoid a monthly maintenance fee, maintain a minimum daily account balance of $300.00
• Contact or visit your local Colombo Bank Branch Representative for a current Service Fee Schedule.
• Quarterly statements will fully describe all activity. Your statement can be combined with your other Colombo Bank deposit account statements.
• You may use your ATM card at any STAR, CIRRUS, AFFN, THE EXCHANGE, or VISA/PLUS ATM to make withdrawals or transfers between your Colombo Bank accounts.

Minor Savings

• This account has no minimum balance requirement and allows for unlimited withdrawals at the teller line.
• The account must have a parent or guardian on the account with the minor. Minors are eligible for this account until they are eighteen years old.
• Interest is compounded monthly and credited to the account monthly.
• Quarterly statements will fully describe all activity. Your statement can be combined with your other Colombo Bank deposit account statements.
• Any balances over $50.00 will earn interest.

Click here for current rates and yields.

Click here for an account application. Bring the completed application to the branch location nearest you to expedite your account opening experience.