Save For What's Important To You
Colorado Federal Savings Bank offers simplified savings and fixed term accounts with competitive rates.
With savings rates up to 4.45% APY* and CD rates between 0.75%-4.50% APY**, we offer rates that are straightforward, secure and FDIC insured.
*Annual Percentage Yield as of August 22, 2023
**Annual Percentage Yield as of October 8, 2024
On demand access with a great rate!
CFSB's online savings accounts provide you the interest rate you are looking for with the flexibility to add or remove money as you need.**
| Product Type | APY* | Interest Rate | Minimum Balance | Qualifications |
|---|---|---|---|---|
| High Yield Savings | 4.40% | 4.330% | $1.00 | None |
| Premier Savings | 4.45% | 4.360% | $50,000 | New Customer*** |
* Annual Percentage Yield Accurate as of August 22, 2023
** You may access your funds only through ACH. You are allowed six (6) withdrawals per monthly statement cycle. A fee of $25 is charged for each withdrawal over the maximum of six (6) per monthly statement cycle. Fees could reduce earnings on the account. No monthly maintenance fee, ACH fee or online Account fee.
***Eligibility Restrictions Apply: In order to be eligible for a Premier Savings Account, the applicant must be a new customer to Colorado Federal Savings Bank. A new customer is defined as a customer who has not maintained a savings account with the bank in the prior 60 days. Applications that are received for this product that are determined ineligible will be canceled. If you have questions about your eligibility, please contact us at 1-877-484-2372 Monday through Friday between 7 am and 5 pm MST.
Rate is variable and may change after the account is open.
Each depositor is FDIC insured to at least $250,000 for each account ownership category. Click here for More Information from the FDIC.
Please refer to the Disclosure of Account Terms for terms and conditions. Accounts available for individuals only.
Looking to earn a little more on your deposit?
Open an online CD with Colorado Federal Savings Bank and choose one of our many flexible term offerings at a competitive rate.
| Product Term | APY* | Interest Rate | Early Withdrawal Penalty** | Minimum Balance |
|---|---|---|---|---|
| 1 Month CD | 1.00% | 0.995% | 1 Month of Interest | $5,000 |
| 2 Month CD | 0.75% | 0.750% | 1 Month of Interest | $5,000 |
| 3 Month CD | 3.50% | 3.440% | 1 Month of Interest | $5,000 |
| 6 Month CD | 4.40% | 4.310% | 3 Months of Interest | $5,000 |
| 12 Month CD | 4.50% | 4.400% | 3 Months of Interest | $5,000 |
| 18 Month CD | 4.05% | 3.970% | 6 Months of Interest | $5,000 |
| 24 Month CD | 4.00% | 3.920% | 6 Months of Interest | $5,000 |
| 36 Month CD | 3.95% | 3.870% | 6 Months of Interest | $5,000 |
| 60 Month CD | 3.80% | 3.730% | 6 Months of Interest | $5,000 |
* Annual Percentage Yield Accurate as of October 8, 2024
** An early withdrawal penalty may invade principal.
No monthly maintenance fee, ACH fee or online Account fee.
Each depositor is FDIC insured to at least $250,000, for each account ownership category. Click here for More Information from the FDIC.
Early Withdrawal Penalty for withdrawals prior to maturity date equals 1 month of interest on Certificate Term of less than six months, 3 months’ worth of interest on Certificate Term of six months and one year, and 6 months’ worth of interest for a certificate term over one year.
Please refer to the Disclosure of Account Terms for terms and conditions. Accounts available for individuals only.
Looking to earn a little more on your deposit but think you may need access to your funds?
Open a no penalty certificate of deposit and get a great fixed rate without worrying about a penalty for early withdrawal.
| Product Term | APY* | Interest Rate | Early Withdrawal Penalty** | Minimum Balance | Maximum Deposit |
|---|---|---|---|---|---|
| 11 Month | 3.50%* | 3.440% | None** | $5,000 | None |
* Annual Percentage Yield Accurate as of June 16, 2023
** No penalty CD's withdrawals are permitted starting 7 days after funding.
No monthly maintenance fee, ACH fee or online account fee.
Each depositor is FDIC insured to at least $250,000, for each account ownership category. Click here for more information from the FDIC.
No-Penalty CD only: You may withdraw penalty-free the full balance of your No-Penalty CD, including principal and interest earned, after a seven-day period, starting on the day you fund your CD. No withdrawals of principal will be permitted during this seven-day period. Your proceeds will be sent to the original funding account used to open the CD. changes to this account at the time of withdrawal could delay your closing.
Please refer to the Disclosure of Account Terms for terms and conditions. Accounts available for individuals only.
Have additional questions? Check out our FAQ page for more information.