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Overview / Commentary
8400 E. Prentice Avenue, Suite 840
Greenwood Village, CO 80111

Colorado Federal Savings Bank is an online, savings-focused institution that makes limited banking options available to customers and potential customers. It offers savings accounts and certificates of deposit on its depository banking side, and mortgage loans on its lending side. Its deposit accounts typically offer interest rates that are higher than the national average because the bank exists solely online and does not have expenses related to branch operations. The savings account offering has a minimum initial deposit requirement and ensures FDIC insurance of up to $250,000 per depositor. The certificates of deposit range in term lengths from 6 months to 5 years and have initial minimum deposit requirements.

Since Colorado Federal Savings Bank online banking is the exclusive medium for account openings and management, the bank employs the industry standard security protocols for its web-based platform.

Colorado Federal Savings Bank was originally established in 1990 and is headquartered in Greenwood Village, Colorado. Its headquarters also function as a full-service brick and mortar office for customers banking locally.

Related Posts

Colorado Fed Savings Bank 12-Month CD (2.20% APY) Nears The Top - 4/13/2018

Colorado Federal Savings Bank (internet bank) has upped the rate on its 12-month CD to 2.20% APY. The minimum deposit is $5k, with no stated balance cap.

Colorado Fed Savings Bank 1-Year CD Has Top Rate - 3/12/2018

Colorado Federal Savings Bank (internet bank) CDs are now rate leaders: 1-Year (2.11% APY), 2-Year (2.51% APY), and 3-Year (2.56% APY). Minimum deposit is $5k.

Colorado Federal Savings Bank Boosts Premier Savings - 12/6/2017

Colorado Federal Savings Bank has hiked the rate on its nationally available Premier Savings account to 1.65% on balances of $50k+. Minimum opening deposit is $50k.

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The Future of Banking is Now

Posted by: Dankwood | Jun 24, 2016

I was on my way to my favorite credit union when they unfortunately turned down my cash deposits from my local business. Luckily, I came across Colorado Federal Bank for online savings. The returns from funds with them was higher than my credit union, and they are super friendly and easy to work with. The website is simple to use, and I felt good after opening the account with them. Highly recommended.

Highest Yield

Posted by: XJ | Jan 3, 2018

Just moved from Goldman Sachs to Colorado Federal Savings Bank last week. So far no problems... Only thing I'm not thrilled about is they don't have verification for logins. However, from what I can tell, you're limited to only one bank that is linked to the account so the only way to transfer money out of the account online would be to send it back to your own bank account at the linked bank. I guess that's secure enough for me. Certainly can't beat the yield!

CD Disclosures

If you are thinking about taking out a Certificate of Deposit with Colorado Federal Savings Bank, here are two things to consider:

1. Positive--the interest rate locks in with the submission of the online application.

2. Negative--they do not accept POD (Payable On Death) accounts; therefore, no beneficiaries can be assigned to the account.

Since number 2 was a deal breaker for me, I did not ask any further questions. None of the information above was listed in the disclosures on the website; I had to call and ask.

Maturing CD

Posted by: rzelman | Oct 28, 2017

I had a 18 mo CD maturing this month and called the bank to confirm their policy on redemption. I was told that the proceeds must be transferred to the same external bank account that was used to set up the initial funding. If the account is closed or you wish to use another bank you must fax a form to them stating that the account was closed which they then must confirm with that bank themselves which I thought was odd. Since my account was still open I instructed them by email and confirmed by telephone that I wanted the funds returned to the original account. Today being Friday I received notice that the CD was renewed at the same rate and term. I won't be able to speak to them until Monday and assume that I will be in for some more hoop jumping and lost interest. My advice would be to avoid doing business with this bank.



Health Grade Components

FDIC Certificate #33111
Year Established1990
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD9.05%
Annual Interest Income$46.6MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$1.81B$1.72B
LoansQ4 2017vs Q4 2016$800.7MM$558.2MM
DepositsQ4 2017vs Q4 2016$1.10B$1.16B
Equity CapitalQ4 2017vs Q4 2016$204.7MM$192.3MM
Loan Loss AllowanceQ4 2017vs Q4 2016$8.1MM$4.4MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$4.9MM$1.4MM
Real Estate OwnedQ4 2017vs Q4 2016$414.00K$26.00K
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Colorado Federal Savings Bank Savings Account Rates

1.65%$50k-Premier Savings
1.00%--High Yield Savings

Colorado Federal Savings Bank CD Rates

2.71%$5k-60 Month CD
2.56%$5k-36 Month CD
2.51%$5k-24 Month CD
2.36%$5k-18 Month CD
2.20%$5k-12 Month CD
1.73%$5k-6 Month CD

Colorado Federal Savings Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 8400 E. Prentice Avenue, Suite 840 - Greenwood Village, CO 80111

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