Interest Saver Program
Colonial Savings' offers it mortgage loan customers a choice of three automated payment plans through its Interest Saver Program.
The Interest Saver Program - pay your mortgage more quickly, accelerating the growth of equity in your home and significantly reducing the amount of interest paid
- Match the timing of your paydays with smaller installment payments on your loan
- Choose either a bi-weekly or a semi-monthly payment schedule
- Payments are bank-drafted and secure a perfect payment history
- Click here for Interest Saver FAQ's
- Click here to estimate savings with the Interest Saver Plan
- Click here to apply (existing customers only)
The Convenience Pay Plan - pay your monthly mortgage payment in two installments
- Match the timing of your paydays with smaller installment payments on your loan
- Choose either a bi-weekly or a semi-monthly payment schedule
- Payments are bank-drafted and secure a perfect payment history
The Monthly Draft Plan
- Set it and forget it - have your mortgage payment drafted automatically
- Payments are bank-drafted and secure a perfect payment history
If you have a loan with Colonial now, and are interested in more information or making changes to your current draft or payment plan, please contact:
Automated Pay Plans 1-800-937-2340

