Business Savings Accounts
Business Savings
Frequently Asked Questions
You've got questions, we've got answers. If you can't find the answer here, give your local branch a call and we'll be happy to discuss.
Are there fees associated with savings accounts?
Fees are dependent upon the account opened. Some accounts have a maintenance fee and/or activity fees, depending upon the minimum balance or services requested.
Can I link my savings account to my checking account?
Yes, you can link your savings to your checking to avoid overdrafts and the fees associated with it.
Can I set up automatic transfers to my savings account?
Yes
Can I use my savings account for everyday transactions?
It's a good idea to set aside savings for a rainy day or a large purchase. Use a Bank of Colorado checking account for everyday transactions to avoid fees.
Do interest rates change?
Yes, interest rates on deposit accounts are variable and can change at any time. You can check your current rate using our online banking service.
How do I open a savings account?
You can open your account at your nearest convenient branch.
How is interest calculated on savings accounts?
We use the daily balance method to calculate interest on your account. This method applies a periodic rate to the principal in the account each day.
How often can I withdraw money from my savings account?
Depends on the account opened.
What is the interest rate on savings accounts?
Interest rates on Savings Accounts are variable and can change any time. Each market sets their rates locally, so check with your local branch to determine your rate.
What is the minimum balance requirement?
Depends on the account opened.