Sign in to personal banking
Sign in to business banking
Sign up for online business banking
Columbia Bank Account Disclosure
ANNUAL PERCENTAGE YIELD = APY
All information on this disclosure is accurate for the effective date listed above. Current interest rate and annual percentage yields are always available by calling 1-800-522-4167. All deposits of cash and non-cash (for example, checks) into interest bearing accounts begin earning interest from the day of deposit to the date of withdrawal as long as the minimum balance requirement is maintained. We use the daily balance method to calculate interest on all interest bearing accounts, applying a daily periodic rate to the principal balance in the account each day. The interest rates and annual percentage yields on all variable interest rate accounts may change daily. Promotional rate certificates are available only at promotional branches. Promotional rate certificates and Advantage Plus (AP) certificates will only receive the promotional or AP rate of interest for the initial term of the certificate unless the Columbia Bank Pricing Committee elects to continue this promotional rate or AP rate for the same term at maturity at the branch the certificate was opened. Interest rates are not tied to any index. They are established at the discretion of the Columbia Bank Pricing Committee. The interest rates on all fixed rate accounts will be paid up until the date of maturity. For savings certificate accounts that compound interest, the annual percentage yield assumes interest will remain on deposit for a full year. A withdrawal will reduce earnings. The minimum amount to open a variable rate interest bearing account is $1.00. The minimum to open a New Jersey Consumer Checking (N.J.C.C.) account is $ 50.00. The minimum to open any other non-interest bearing account is $ 0.01. The minimum to open any fixed rate certificate account is the same daily minimum to earn the annual percentage yield. Additional deposits to fixed rate savings certificates may only be made during the grace period. Only interest that has been credited to your certificate account during the current term may be withdrawn.
The APY† shown above is available if you open a Columbia Bank Advantage PLUS Checking Account. If at any time during the term of your CD, this checking account is not maintained, you will earn the regular CD Annual Percentage Yield.
*Interest will be credited on the next to the last business day of each interest crediting period and at maturity. That interest is available to be withdrawn the following business day. If you close your variable rate interest bearing account before interest is collected, you will not receive the accrued interest.
**If the balance goes below the daily minimum balance at any time during the monthly statement cycle, the applicable monthly service charge will be imposed.
***The penalty for a premature withdrawal during the initial or any subsequent renewal term will be at the rate being paid on the account, regardless of the length of time the funds have remained on deposit. Any withdrawal which reduces the account balance below the initial /renewal balance shall be considered as a withdrawal of the entire account balance.
****All fixed rate savings certificates provide for automatic renewal unless at least 5 days for 7-28 day CDs or at least 10 days (for all other CDs) prior to the maturity date Columbia gives written notice to the account holder that the account will not be renewed. In such event, upon maturity, the account will be converted to a variable rate savings account and receive earnings at the interest rate then paid on variable rate savings accounts. The 7-28 day certificate has no grace period. The grace period for all other certificates is seven days from the date of maturity. During the grace period, funds can be withdrawn without penalty and will earn interest at the rate Columbia Bank is offering on the maturity date on certificate accounts for that term.
Bump Up Disclosure
*includes overdrafts created by check, in-person withdrawal, ATM (automated teller machine) withdrawal, ACH (automated clearinghouse) withdrawal, POS (point of sale) withdrawal, or other electronic means.
These charges will be debited from the account(s) affected and will be reflected on the periodic statement. If your Debit Card is lost, stolen or damaged, the charge to re-issue you another card is $5.00