Colorado Federal Savings Bank

Deposit Rates APY Vs.Others
Savings 1.00% 1.70% →
1-Year CD 1.95% 2.02% →
2-Year CD 2.30% 2.87% →
3-Year CD 2.65% 3.15% →
4-Year CD N.A. 3.30% →
5-Year CD 2.97% 3.50% →

2022 Overview

General Online Bank Information

Money that you deposit is held by Colorado Federal Savings Bank. Colorado Federal Savings Bank is an FDIC insured institution founded in 1990. It has approximately $2.09 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Colorado Federal Savings Bank
FDIC Certificate # 33111
Date Established 1990
Assets $2.09 billion
Loans $1.62 billion
Deposits $1.09 billion
Capital $0.24 billion

For a more detailed analysis of Colorado Federal Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 6, 2022

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
High Yield Savings
1.00% $1,000 - Learn More
Online CD Rates
Online CD Rates APY MIN MAX
6 Month Online CD
1.05% $5,000 - Learn More
11 Month No Penalty CD
1.10% $5,000 - Learn More
1-Year CD
1.95% $5,000 - Learn More
18-Month CD
2.07% $5,000 - Learn More
24 Month Online CD
2.30% $5,000 - Learn More
36-Month CD
2.65% $5,000 - Learn More
5-year CD
2.97% $5,000 - Learn More


Bank Offers

Colorado Federal Savings Bank Raises CD Rates
Mar 15, 2019

Colorado Federal Savings Bank has raised its CD rates so that it is now offering extremely competitive rates on 1-year CDs, 3-year CDs and 5-Year CDs.   Those who follow the space will note that Colorado Federal Savings had been competitive previously.   Their early withdrawal penalties are attractive (3 months' interest on a 1-year CD and 6 months' on terms longer than 1 year) and well displayed on their site. 

Colorado Federal Savings Bank Lowers CD Rates
Apr 17, 2019

Colorado Federal Savings Bank raised their CD rates to some of the highest available online rates last month, but has now lowered them.   They are still competitive, but not as attractive as they were recently.  Their 1-year CD now yields 2.80% APY and has a 3-month early withdrawal penalty.

Colorado Federal Savings Bank Adds 2.35% No Penalty CD
Jun 17, 2019

Colorado Federal Savings Bank has begun offering an 11-Month No Penalty CD at 2.35%.   BestCashCow has recommended that investors look at No Penalty CDs as an effective way to lock in current interests rates for the remainder of 2019 and much of 2020 without losing liquidity.   Ally, Marcus and Purepoint have attractive offerings in this space, and Colorado is now a 4th interesting offer.   The rate, however, is lower than Purepoint's and the term is 2 months shorter than Marcus's.

Climate Initiatives

Colorado Federal Savings Bank is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.

Customer Reviews for Colorado Federal Savings Bank (18)

  • July 1, 2022 |

    Online Savings Rates

    not really an onllne bank. compare this interface that gives you no information with that of any other bank (I cannot even confirm the rate). cannot switch in and out of cds or np cds. just not an online bank. maybe some form of correspondent bank, but not online bank.

  • March 15, 2022 | | Replies 1

    Online CDs 11 Month Rates

    I like the No Penalty CDs at this bank. They are easy to work with and friendly! One hassle is that you need to keep the funding account open and as rates go up, they are more difficult to get in and out of than maybe Ally. But, with the rate above anything else available, it is still 5 stars.

    kay5 | Jul 6, 2022

    "one hassle" is right, baby. The No Penalty CDs here don't work at all in a rising rate environment vs. ALLY and MARCUS where it takes 2 seconds to get the higher rate on their website without transferring the money anywhere.

  • March 7, 2022 |

    Online Savings Rates

    Very pleased with the 0.82 No Penalty CD. I cannot get that anywhere on this list!

  • December 10, 2019 |

    Online CDs 12 Month Rates

    My CD matured and they sent the money back. I am not getting a new CD now since rates are too low. I just wanted to say that the people were absolutely wonderful to deal with.

  • November 21, 2017 |

    Online CDs 12 Month Rates

    Good luck getting your money back if you mistakenly opened a 1 year CD here a year ago when their rates were at the top.

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