• 
picture of plants with 'keep it growing with our special CD rate'

  • LOCK IN A LOW RATE WITH A TRUSTED LOCAL LENDER

    Exterior photo of a new two-story house with clean landscaping on a sunny day.

    30-YEAR FIXED MORTGAGE,
    5.99%RATE 6.14%APR*

    First Time Home Buyers Enjoy NO PMI* with a 10% Down Payment at Colonial Federal Savings Bank.

    CONTACT US TO GET STARTED TODAY!

    *APR = Annual Percentage Rate. APR/Rate effective as of 7/1/25 and may change. Applies to 1-4 family owner-occupied homes. Assumes a maximum 80% loan-to-value (LTV) and first mortgage position. First-Time Home Buyer’s maximum loan-to-value (LTV) is 90%. PMI (Private Mortgage Insurance) waived with a 10% down payment. Subject to credit approval. A 30-year loan would be repaid in 360 equal monthly principal and interest payments of $5.99 per $1,000 borrowed, which does not include taxes or insurance premiums, if applicable. So, your actual monthly payment will be greater. NMLS #409557.
     

    Apply Today

  • TURN YOUR HOME’S EQUITY INTO OPPORTUNITY


    HANDLE HOME IMPROVEMENTS, DEBT CONSOLIDATION, OR
    UNEXPECTED EXPENSES WITH OUR FIXED-RATE HOME EQUITY LOAN.

    FIXED-RATE HOME EQUITY LOAN
    6.75%APR*

    *APR = Annual Percentage Rate. Effective as of 7/1/2025 and may change. The APR for the listed Home Equity Loan is based on a 10-year term. Minimum loan amount of $20,000. Applies to 1-4 family owner-occupied homes. Assumes a maximum 80% loan-to-value when combined with first mortgage. Subject to credit approval. A ten-year loan would be repaid in 120 equal monthly principal and interest payments of $11.48 per $1,000 borrowed. NMLS #409557.
     

    Apply Today!

  • The Smartest Way to Save!

    4.25%APY*                                                   3.95%APY*

    5 Month CD Special                                 11 Month CD Special 

    Don't miss out on these Special Rates!

    START EARNING WITH YOUR NEW CD TODAY!

    *APY = Annual Percentage Yield. APYs and terms are accurate as of 7/1/2025 and are subject to change at any time. The minimum balance to open and obtain the APY is $1,000.00. Maximum deposit amount of $250,000.00. Penalty for early withdrawal. Automatic renewal to the same term at maturity. Personal accounts only. Member FDIC.

    Learn More

The Bank will be closed Friday July 4th and Saturday July 5th, in observance of Independence Day.

 

Special Announcement: 

We're excited to share that Colonial Federal Savings Bank will be merging into North Shore Bank and the Hometown Financial Group family of banks.

Click here to learn more.

Colonial Federal Savings Bank Logo