5Star Bank


Overview / Commentary
719-574-2777
455 W Paine St Bldg 1485
Colorado Springs, CO 80914

5Star Bank is headquartered in COLORADO SPRINGS and is the 29th largest bank in the state of Colorado. It is also the 2,183rd largest bank in the nation. It was established in 1980 and as of December of 2023, it had grown to 56 employees at 6 locations. 5Star Bank's money market rates are 6X the national average, and it has an A health rating.

Reviews (2)

Local Only

Despite appearing in the tables as nationally available, this bank is local only

Nasty And Incompetent Bank

Posted by: |

I opened one of their Kasasa Cash rewards checking accounts this spring, 2016. WARNING: If you want a straightforward, competent bank to deal with, this is NOT the bank for you. Less than 60 days after opening the account and receiving their debt card, they closed the account without any warning at all. They converted it to a no-interest checking account and didn’t even notify me of this account closing until after the change had occurred. They will close your rewards checking account very quickly if they don’t see an almost immediate high dollar volume of charges on your Kasasa rewards account, even if you make the required 12 debit card transactions per statement cycle.

During the brief time the account was open, they never successfully enrolled me in electronic statements in spite of my many phone calls requesting that they fix the problems with their banking systems. Further, they made 3 errors in computing interest on my rewards checking account in only 2 statement cycles! They are incompetent bankers with no intention of dealing honestly with their customers, in my opinion. Don’t waste your time trying to bank here.



Health

Health Grade Components

Overall
FDIC Certificate #91005
Year Established1980
Employees56
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD6.69%
Annual Interest Income$23.4MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$364.7MM$360MM
LoansQ4 2023vs Q4 2022$310.1MM$309MM
DepositsQ4 2023vs Q4 2022$306.9MM$304.7MM
Equity CapitalQ4 2023vs Q4 2022$55.9MM$52.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$3.8MM$4MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$188K$72K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not 5Star Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

5Star Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--Basic Savings

5Star Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$1m*-Money Market
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $25k | 1.00% $25k - $50k | 1.25% $50k - $100k | 1.50% $100k - $250k | 1.75% $250k - $500k | 2.00% $500k - $1m
2.50%*$1m*-5Star Commercial Money Market
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $25k | 1.00% $25k - $50k | 1.25% $50k - $100k | 1.50% $100k - $250k | 1.75% $250k - $500k | 2.00% $500k - $1m

5Star Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$1m*-5Star Checking
OTHER TIERS: 0.55% $1k - $500k | 1.00% $500k - $1m
1.25%*$1m*-5Star Commercial Checking
OTHER TIERS: 0.55% $1k - $500k | 1.00% $500k - $1m

5Star Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.85%*$25k*-6 Month CD
OTHER TIERS: 4.55% $1k - $25k
4.85%*$25k*-Business 6 Month CD
OTHER TIERS: 4.55% $1k - $25k
4.70%$1k-1 Year CD
4.70%$1k-Business 1 Year CD
4.30%$1k-18 Month CD
4.30%$1k-Business 18 Month CD
3.30%$1k-2 Year CD
3.30%$1k-Business 2 Year CD
3.00%$1k-30 Month CD
3.00%$1k-Business 30 Month CD
2.50%$1k-3 Year CD
2.50%$1k-Business 3 Year CD
2.25%$1k-4 Year CD
2.25%$1k-Business 4 Year CD
2.00%$1k-5 Year CD
2.00%$1k-Business 5 Year CD

5Star Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.94%$250-24 Month Variable IRA
4.71%$250-36 Month Variable IRA
4.70%$1k-1 Year IRA
4.58%$250-60 Month Variable IRA
4.30%$1k-18 Month IRA
3.30%$1k-2 Year IRA
3.00%$1k-30 Month IRA
2.50%$1k-3 Year IRA
2.25%$1k-4 Year IRA
2.00%$1k-5 Year IRA
Locations


5Star Bank Locations
5 Star Bank - Downtown BranchPeterson Air Force Base, 455 W. Paine St., Bldg. 1485Colorado Springs, CO 80914
5star Bank10989 New Allegiance DriveColorado Springs, CO 80921
5star Bank104 S Cascade Ave Ste 102Colorado Springs, CO 80903
Denver Dtc Branch5251 Dtc Parkway, Suite 100Greenwood Village, CO 80111
Trinidad Branch125 N Commercial StreetTrinidad, CO 81082

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