Colonial Statement Personal Savings

Q: Are there withdrawal limits on the account?

Yes, up to 10 withdrawals in a statement period are free.

Begin Your Journey: Welcome to Smart Saving

At 1st Colonial Community Bank, we're more than just a bank. We're your financial allies, your Southern New Jersey and Southeastern Pennsylvania community partners, and your guide to smart saving. We're proud to present our Colonial Statement Savings account, designed for those who understand the importance of saving for the future and seek to grow their wealth.

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Building Your Future: The Power of a Savings Account

A savings account is more than just a safe place for your money. It's a tool that allows you to build your wealth over time, whether you're saving for retirement, a dream vacation, or a rainy day. With our Colonial Statement Savings account, you can enjoy the benefit of earning interest on your savings and the convenience of no monthly maintenance fee with a minimum balance.

Secure Your Future: Features that Grow Your Wealth

Our Colonial Statement Savings account comes with a host of features designed to help your savings grow:
Interest-Bearing Account: Your money works for you. Earn interest on every penny in your account.
No Monthly Maintenance Fee: Maintain a minimum balance of $150 and avoid monthly maintenance fees.
Variable Interest Rates: Your interest rate and annual percentage yield may vary, creating opportunities for you to benefit from rising rates. It's worth noting that they could also decrease.
Daily Compounded Interest: Your interest is compounded daily and credited monthly, maximizing your earnings.

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Take the First Step: Start Saving Today. Open Your Savings Account Online.

Ready to start building your future? Open your Colonial Statement Savings account online today or reach out to us to set up an appointment at one of our branches in Collingswood, Westville or Limerick, PA. We're excited to help you on your journey to financial security.

Frequently Asked Questions About Savings Accounts

What is a savings account?

A savings account is a bank account where you can store money you don't need immediately and earn interest over time.

What is the difference between a checking account and a savings account?

A checking account is typically used for daily transactions, such as receiving paychecks, paying bills, and making debit card purchases. a savings account is designed for money that you don't need to access frequently. It's a place to store funds for future needs or emergencies.