Compound Interest Calculator
Savings Account from Colorado Federal Savings Bank with 4.40% APY



Use or Change These Amounts and Rates

The product Savings Account from Colorado Federal Savings Bank with 4.40% APY and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $30,763. The interest earned would be $10,763 and the tax amount on the interest earned would be approximately $3,229.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account

The Results for Colorado Federal Savings Bank

Savings Boost of
$7,230 over 10 years
Cash Savings $20,000
Average Interest Earned $304

 
Colorado Federal Savings Bank Interest Earned $7,534

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 43 30
2 20,043 43 30
3 20,086 43 30
4 20,129 43 30
5 20,173 43 30
6 20,216 43 30
7 20,259 44 30
8 20,303 44 31
9 20,347 44 31
10 20,390 44 31
TOTAL: $434 $304

Colorado Federal Savings Bank Scenario

Rate:
4.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 880 616
2 20,880 919 643
3 21,799 959 671
4 22,758 1,001 701
5 23,759 1,045 732
6 24,805 1,091 764
7 25,896 1,139 798
8 27,035 1,190 833
9 28,225 1,242 869
10 29,467 1,297 908
TOTAL: $10,763 $7,534

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.



Featured CD Rates

ONLINE BANKS APY? MIN?

6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Last change: ↑0.46% on December 15, 2023.
3 Month CD.

Last change: ↑0.60% on April 19.
Warning: Early Withdrawal Penalty is 12 Months interest.

Last change: ↑0.20% on September 8, 2023.
6 Month CD.

Last change: ↓0.05% on March 15.
3 Month CD.



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 | Apr 23, 2024

    "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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