Most checking accounts offer little in the way of growth. They’re designed for convenience, not for earning interest. That leaves many people keeping their money in accounts that pay almost nothing while facing fees and limits that cut into their savings.
Colonial Edge was created to bridge that gap. With this account, you can manage your daily spending while growing a return far higher than most checking accounts provide.
Let’s explore what Colonial Personal Edge Checking is, its benefits, how to make the most of it, and how Colonial helps you manage it easily. By the end, you’ll know if this account matches your banking needs.
Colonial Edge is a premium personal checking account that combines everyday accessibility with a higher rate of return. Unlike standard checking accounts, which often generate little to no interest, this one pays up to 1.00% Annual Percentage Yield (APY) on account holdings up to $25,000.
To open the account, you’ll need just $100. From there, it’s easy to avoid monthly fees. As long as you maintain at least $500 or receive a direct deposit each month, the $10 service charge is waived.
This versatility makes this account appealing to anyone who wants their checking account to work harder. It’s practical for daily use but also designed to reward customers who keep a steady amount on deposit. Colonial Personal Edge Checking blends convenience with earning potential, helping you get more out of the money you use every day.
When you look closer at this checking account, you will see that it offers more than just regular banking. The account is designed to give you added value in ways that make your money work harder and your experience more convenient.
The standout feature of this account is the interest rate. You’ll generate 1.00% APY on an amount on deposit up to $25,000, that’s around four times higher than the national average for checking. Even though funds above $25,000 yield just 0.10% APY, this is still more than you’d find in many accounts that pay nothing at all.
Nobody likes monthly charges. With Colonial Edge, it’s easy to avoid them. Keep $500 or more in the account or set up one direct deposit each month, and the $10 monthly charge disappears.
This type of checking account refunds up to $15 monthly ATM charges, so you’re not penalized for withdrawing money when needed. The account also includes free processing of up to 15 checks each month, giving you a range of options in how you pay.
Life happens, and sometimes your account holdings fall short. Colonial Edge can be paired with Colonial Protect, an optional line of credit that covers overdrafts in $100 increments. Instead of facing expensive costs or declined payments, you get a safety net you can pay back on your terms.
If you’re also saving through our bank’s certificates of deposit, Colonial Personal Edge Checking gives you an extra perk: a 0.15% APY bump on non-promotional certificates of deposit (CDs). It’s a small boost that adds up over time.
Together, these features make this account type a strong choice for anyone looking to gain more while keeping daily access to their funds.
Having Colonial Personal Edge Checking is one thing – using it effectively is another. By implementing a few smart strategies, you can unlock your account’s full potential and make every feature work to your advantage.
The easiest way to avoid costs is to keep $500 in the account or, if possible, ensure you have a direct deposit each month. Aim for about $25,000 in the account to get the most out of the 1.00% APY.
Since the higher rate caps at $25,000, consider keeping additional funds in a savings or money market account. That way, your checking balance continues to grow without losing out on better rates elsewhere.
ATM fees can add up fast, especially if you travel, move between cities or just stop at the nearest machine for quick cash. With Colonial, you get up to $15 in ATM fee refunds each month, giving you the freedom to use the closest ATM without worrying about surprise charges. A little planning helps you make the most of this perk, keeping your money accessible while avoiding unnecessary costs.
If you’re interested in longer-term savings, take advantage of the CD bump bonus. Pairing your checking with Colonial’s CDs creates a layered approach, daily flexibility and higher returns on money you won’t need immediately.
Colonial Protect is there for peace of mind, not regular use. By treating it as an emergency option, you’ll avoid carrying unnecessary debt while still knowing your account has a safety net.
Some people get the most out of Colonial Edge by combining it with a high-yield savings account. Checking covers daily expenses, while savings keep short-term goals on track. This feature gives you more options and higher growth.
By following these steps, you’ll keep Colonial Personal Edge Checking working at its full potential.
Colonial’s online banking adds real value, combining digital convenience with the personalized service Colonial is known for. With GoColonial.com and the Colonial mobile app, you gain 24/7 access to your account and can stay on top of your finances wherever you are. The platform is designed to make managing Colonial Personal Edge Checking simple, efficient and stress-free.
Here are some of the ways Colonial Online supports your account:
Together, these tools ensure that this checking account is more than just a checking account. It’s a streamlined, supported banking experience that works for your lifestyle.
So, who benefits most from this account?
Colonial Edge is best for people who keep moderate funds between $500 and $25,000, receive income by direct deposit and want to grow more from their checking account. It’s also ideal for those who use ATMs, write checks occasionally and like the idea of having overdraft protection available.
Since the rate drops significantly beyond that threshold, it may not be the best fit for people who consistently hold more than $25,000 in checking. Similarly, if you rarely use a checking account or don’t want to manage account requirements, the benefits might not outweigh the effort.
By weighing your habits against the features, you’ll know if this account matches your lifestyle.
If Colonial Edge doesn’t quite align with your needs, Colonial offers other checking accounts that may suit you better:
These accounts are ideal if you want simplicity, steady interest or fewer requirements than what this account type demands. Reach out to our team today if you would like to know more about these options.
With more than 73 years of service, Colonial Savings has built a reputation for stability, integrity and customer-focused banking. Here’s why you can feel confident choosing Colonial:
With this combination of history, strength and personal attention, this account is backed by a bank that has stood the test of time.
This checking account is a flexible checking option that rewards you for keeping your money accessible. With higher interest, waived charges, ATM refunds and helpful digital tools, it offers far more than standard checking.
Through Go Colonial, you can easily track, manage and grow your account holdings, making it simple to control your finances.
If you’re ready to see how Colonial Personal Edge Checking can fit into your financial plan, visit a Colonial branch or apply online today. With this account, your checking account can finally do more for you.
