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Lakewood, Colorado CD Rates 2020

Below are the best one-year CD Rates from banks in Lakewood, Colorado. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

Lakewood, CO - February 16, 2020

1 Year CD National Average : 0.89% ?

Advertiser Disclosure
Banks APY MIN MILES ?
Sponsored Advertiser Disclosure
2.02% $1,000 6156.33
2.02% $10,000 6042.09
1.85% $100,000 6207.22
1.82% $1,000 6314.90
1.80% $1,000 6307.23
1.77% $1 6211.20
1.76% $1,000 6156.33
1.76% $100,000 6205.52
1.76% $500 6169.89
1.76% $500 6172.11
1.76% $1,000 6170.84
1.75% $500 6260.71
1.75% $500 6150.93
1.61% $1,000 6205.52
1.56% $100,000 6224.44
1.51% $500 6180.45
1.51% $1,000 6189.69
1.51% $10,000 6224.28
1.51% $1,000 6169.60
1.51% $1,000 6219.01
1.50% $100,000 6156.33
1.50% $500 6207.22
1.50% $25,000 6004.92
1.46% $500 6224.44
1.45% $100 6004.92
1.45% $10,000 6172.99
1.42% $10,000 6148.27
1.41% $500 6062.75
1.41% $1,000 6227.43
1.41% $100,000 6148.27
1.40% $1,000 6202.60
1.40% $1,000 6215.42
1.36% $1,000 6163.92
1.36% $25,000 6208.97
1.36% $500 6196.26
1.36% $1,000 6156.33
1.36% $500 6042.09
1.35% $1,000 6204.66
1.35% $25,000 6225.65
1.31% $1,000 6156.33
1.31% $500 6162.44
1.30% $500 6048.89
1.30% $1,000 6205.33
1.26% $1,000 6156.33
1.26% $100,000 6105.24
1.26% $100,000 6084.57
1.26% $1,000 6115.39
1.25% $1,000 6054.68
1.21% $1,000 6169.87
1.21% $100,000 6179.60
1.20% $1,000 6202.48
1.16% $1,000 6200.60
1.16% $10,000 6208.97
1.15% $1,000 6164.63
1.15% $10,000 6168.97
1.11% $1,000 6179.60
1.10% $1,000 6357.94
1.10% $1,000 6235.89
1.10% $1,000 6156.33
1.10% $1,000 6296.93
1.06% $1,000 6105.24
1.05% $10,000 6070.81
1.05% $100,000 6205.10
1.05% $500 6366.15
1.05% $100,000 6170.56
1.05% $1,000 6156.33
1.02% $1,000 6214.54
1.01% $10,000 6084.57
1.01% $500 6164.20
1.01% $50,000 6169.64
1.00% $500 6026.65
1.00% $1,000 6205.10
1.00% $10,000 6170.56
1.00% $500 6249.96
1.00% $1,000 6110.54
1.00% $1,000 6062.59
1.00% $100,000 6180.41
0.99% $250 6100.11
0.95% $500 6202.28
0.95% $1,000 6115.39
0.93% $100,000 6305.80
0.90% $10,000 6225.65
0.85% $500 6083.27
0.85% $10,000 6202.67
0.85% $500 6169.58
0.80% $1,000 6194.61
0.80% $100,000 6306.69
0.80% $100,000 6186.97
0.75% $1,000 6199.35
0.75% $1,000 6306.69
0.75% $10,000 6305.80
0.75% $500 6191.97
0.75% $500 6083.22
0.75% $500 6026.65
0.75% $5,000 6169.64
0.75% $1,000 6196.49
0.70% $1,000 6144.64
0.70% $1,000 6105.30
0.70% $500 6196.41
0.70% $100,000 6088.02
0.70% $500 6180.41
0.70% $500 6186.97
0.70% $1,000 6230.16
0.68% $1,000 6211.03
0.65% $100,000 6237.72
0.64% $100,000 6206.06
0.61% $10,000 6206.06
0.60% $1,000 6197.53
0.56% $100,000 6114.36
0.54% $10,000 6114.36
0.50% $500 6185.82
0.50% $500 6261.87
0.50% $500 6204.10
0.45% $10,000 6088.02
0.45% $10,000 6156.29
0.40% $500 6217.67
0.40% $500 6214.44
0.40% $10,000 6261.91
0.35% $1,000 6355.83
0.30% $100,000 6205.33
0.25% $1,000 6142.75
0.25% $1,000 6301.61
0.20% $1,000 6205.33
0.20% $500 6357.94
0.19% $1,000 6358.69
0.15% $10,000 6227.39
0.15% $100,000 6320.08
0.10% $500 6210.40
0.10% $10,000 6320.08
0.10% $10,000 6322.47
0.10% $10,000 6226.34
0.10% $500 6219.61
0.07% $10,000 6202.75
0.05% $10,000 6235.54
0.05% $500 6199.98
0.05% $10,000 6202.75
0.01% $10,000 6212.17
0.01% $1,000 6237.72
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2020

A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

CD Terms

The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.

CD Risk

Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.

Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.

How Interest is Paid

The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.

Interest Rate

Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch bank are:

  • Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
  • CDs provide a predictable, set rate of return.
  • Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of branch-based CDs are:

  • The deposited money is committed for a certain period of time and can only be withdrawn with substantial penalties.
  • One year CDs from branch banks often pay less interest than from online banks. Please see those rates here.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

SAVINGS & CD CALCULATOR

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