Colorado Banking Rates and News

Mountain View Bank of Commerce is listing several competitive CD rates. The two most competitive CDs are 2.03% APY for 3 years and 2.35% APY for 4 years. Minimum deposit is $1,000, and the maximum deposit is $100,000. These rates are listed in the bank's rates page as of 1/25/2012.

It appears that a branch visit is required to open accounts. It's a small bank with one office located in Westminster, Colorado which is just north of Denver.

The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5)...

There had been rumors that Pentagon Federal Credit Union (PenFed) was going to finally start offering 10-year certificates to all members in January. A reader reported that he was told by a CSR the yield would be 3.00%. I wasn't able to confirm this 10-year CD last week, and there isn't any mention of this new CD at PenFed's website. New January rates are posted with no mention of a 10-year CD or IRA CD.

There is some good news with PenFed's January rates. First, the 1-year CD yield has increased from 0.99% to 1.16% APY. This is...

I just confirmed that Alliant Credit Union will be keeping its savings and checking rates the same for December. Alliant Savings Account has a 1.15% APY on balances of $100 or more. Its High Rate Checking has a 1.10% APY on all balances. This checking rate requires monthly electronic deposits and e-statements.

With these rates holding through December, Alliant has become the only institution that has kept its savings account rate unchanged for all of 2011. It was back in December 17, 2010 that we learned that Alliant was going to cut its 1.35% APY to the...

Westerra Credit Union is again offering a checking account promotion. This time there's no gift option. The bonus is $125 cash. Direct deposit is required. The promotion is listed on the credit union's front page and on its checking account page as of 11/07/2011. Here's the offer's small print:

Offer valid for new checking accounts only. Direct Deposit of payroll/retirement and electronic statements required. $125 will be awarded after the first direct deposit is received in the account - stop by any branch or call 303-321-4209 to obtain $125. Bonus will be reported to IRS as...

On Friday US Bank did something that's rare these days. It raised the rate of its competitive long-term CD. The rate of the 59-month CD special increased from 2.00% to 2.25% APY. The two other special CDs with shorter terms are not nearly as competitive. One is a 1.25% APY 37-month CD and the other is a 1.01% APY 19-month CD. Minimum deposit is $1,000, and the maximum is $249,999. These rates are listed in US Bank's CD page as of 10/31/2011. Rates could change at any time, but they typically change on Friday mornings.

With all the favorable opinions from many readers for Alliant Credit Union, I thought it was time for another post. There's not much new. However, I did just confirm that Alliant will be keeping its savings and checking rates the same for November. Alliant Savings Account has a 1.15% APY on balances of $100 or more. Its High Rate Checking has a 1.10% APY on all balances. This checking rate requires monthly electronic deposits and e-statements.

Alliant has a long history of keeping these rates very competitive. In addition to competitive rates, Alliant has several nice banking features...

With all the CD rate cuts over the last couple of months, I was happy to see that Pentagon Federal Credit Union kept its CD rates the same in October. These rates have held up since March 2011. At that time, these rates were not that competitive, but now PenFed's long-term CD rates are back near the top for nationally available CDs.

Below are PenFed's long-term CD yields as listed in PenFed's Money Market Certificates page as of 10/05/2011.

• 2.75% APY 7-year CD & IRA CD
• 2.25% APY 5-year CD & IRA CD
• 2.00% APY 4-year CD &...

KeyBank is again offering an iPod touch as part of a checking account promotion. One thing that has changed since the last one is that you have to make twice the number of payments and/or purchases. So if you want the free iPod touch, it will require some work. Like before it's an online-only offer, but the online application only accepts certain areas which appear to be in their market area (see below).

Here's the new KeyBank promotions page. The offer is scheduled to last until July 22, 2011. The following are the requirements...

Update 11/16/2011: The offer has been extended. However, based on the comment below, you may first want to call Key to ensure your application will qualify for the bonus.

KeyBank has checking promotion in which you can earn $150. It's very similar to KeyBank's iPod touch checking promotion that I mentioned last month. It should appeal to those who don't want an iPod touch or who just prefer a cash bonus in which you don't have to worry about the gift value that the bank reports to the IRS. Like before it's an online-only offer, but...

Commerce Bank is offering up to $100 for opening its myRewards Checking Account and using several of its services. You can also earn up to $100 each year with a myRewards Savings Account. This does require some work to earn the full bonus, and you have to be careful to avoid monthly fees. The bank's myRewards promotion page has the full details. Below is the list of activities with their bonus amounts:

• $20 - Direct deposit twice in the first three months. $20 for each new one added.
• $5 - Automatic payments that come from your account twice...

Update 10/31/2011: The promotion has been extended. However, it now requires 15 qualifying transactions.

TCF Bank is offering a $100 cash bonus for opening a checking account and performing 10 qualifying transactions within 60 calendar days of account opening. The offer is scheduled to end on Dec 31, 2011 June 30, 2011. No direct deposit is required. This special is listed at TCF’s home page. The details are provided in this TCF promotions page. Below is the promotion’s small print:

Offer applies to TCF non-interest bearing checking accounts. The account must have a total of 10...

KeyBank has a new checking account promotion with an iPod touch bonus. It's similar to what they were offering last year, but this one requires more work. It's an online-only offer, but the online application only accepts certain areas which appear to be in their market area (see below).

Here's the KeyBank promotions page. The offer is scheduled to last until June 24, 2011. The following are the requirements to qualify for the iPod touch:

• open a qualifying KeyBank checking account online and enter offer code ONTT0311 by June 24, 2011
• make at least 10 payments...