CFSB Nationally Available 12-Month CD Rate Edges Toward The Top


Deal Summary: 12-month CD, 4.75% APY, $5k minimum deposit

Availability: Nationwide (internet bank)

Since early December, there hasn’t been any rate activity on the Colorado Federal Savings Bank (CFSB) CDs, with the exception of the 12-month CD. Following a recent gain of 25 bps, the 12-month CD currently earns 4.75% APY. The minimum opening deposit is $5k, with no stated balance cap. FYI – The 4.75% APY should place the 12-month near the top of the nationally available 1-year CD category in this week’s CD Deals Summary.

4.75%$5k-Colorado Federal Savings Bank12 Month CD
Rates as of January 29, 2023.

As stated on the Savings & CDs page, the Early Withdrawal Penalty reads as follows.

Early Withdrawal Penalty for withdrawals prior to maturity date equals 1 month of interest on Certificate Term of less than 6 months, 3 months’ worth of interest on Certificate Term of 6 months and one year, and 6 months’ worth of interest for a certificate term over one year.

As stated in the Disclosure of Account Terms PDF (link at the bottom of the Savings & CDs page),

Any penalty will be assessed first against posted interest, and any penalty in excess of posted interest will be deducted from the remaining account balance. The interest rate we will use to calculate the interest forfeiture will be the interest rate the account is currently earning.


As an internet bank, CFSB offers its CDs and Savings accounts to all US citizens (18 years or older) who have a valid Social Security number. Trust accounts and business accounts are not available.

While the CFSB headquarters in Greenwood Village (15 miles south of Denver) provided a brick-and-mortar location in the past for local customers, this is no longer an option. Opening any type of account and all subsequent transactions must be done online.

You will receive an e-mail with important information once your application has been processed or if additional information is needed to complete your application.

Account Opening

Funding and Other Details

The following information can be found on the CFSB FAQs page and the Savings & CDs page.

  • Funding – ACH or internal transfer.
  • Interest – Compounded daily/credited monthly and can be withdrawn penalty-free.
  • Maturing Funds – ACH to original external account used to open the CD. If that external account has been closed, verification of a new account must be completed before an ACH to the new account can occur. A check will not be issued.
  • Beneficiaries – Up to five beneficiaries, equal shares, Social Security numbers required.
  • Grace Period – 10 calendar days before automatic renewal.

Bank Overview

Colorado Federal Savings Bank has an overall health rating of "B+" at, with a Texas Ratio of 0.16% (excellent), based on June 30, 2022 data. CFSB has an excellent capitalization level (12.57%), the result of holding $2.14 billion in assets with $269.41 million in equity. Please refer to our financial overview of Colorado Federal Savings Bank (FDIC Certificate # 33111) for more details.

Established in 1990 as a savings institution, Colorado Federal Savings Bank was acquired by new ownership in 2008. The new owners contributed more than $100 million in assets and $10 million of capital “to put the bank on solid footing.” Currently operating as a non-branch direct banking platform, CFSB is Colorado’s ninth largest bank, with deposits in excess of $1.2 billion and more than 162,000 customer accounts.

How the 12-Month CD Compares

When compared to similar length-of-term CDs tracked by that are available nationally and have minimum deposit requirements of $10k or less, two banks have higher rates than currently offered on the CFSB 12-Month CD. The following table compares the 12-Month CD to the two highest-rate CDs from other banks and the two highest-rate CDs from credit unions.

APYCD Term (Early Withdrawal Penalty)Credit Union/Bank
4.85%12-Month CD (EWP=180 days)INSBANK Online
4.76%13-Month CD Special (EWP=180 days)NASB
4.75%12-Month CD (EWP=90 days)CFSB
4.60%12-Month Share CD (EWP=lesser of 90 days or all earned dividends)Alliant Credit Union
4.55%11-Month CD Special (EWP=60 days)Consumers (IL) Credit Union

The above information and rates are accurate as of 1/16/2023.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: 1-year CD rates, nationwide deals, Internet banks

Colorado Federal Savings Bank CDs Had Been Rate Leaders (Update 6/21)
Update 6/21/22: CD rates have fallen – 12-month (1.95% APY), 18-month (2.07% APY), 24-month (2.30% APY), 36-month (2.65% APY), 60-month (2.97% APY).

Deal Summary: CDs – 12-month (2.41% APY), 18-month (2.40% APY), 24-month (3.00% APY), 36-month (3.20% APY), 60-month (3.35% APY), $5k minimum deposit

Availability: Nationwide (internet bank)

As DA reader, rockies, noted in a Forum post on Saturday,

With rates increases of between 65 and 81 bps, Colorado Federal Savings Bank (CFSB) CDs will probably be at the top of several national available rate categories in this week’s upcoming...

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Colorado Federal Savings Bank 12-Month CD Is New Rate Leader
Deal Summary: 12-month CD, 1.35% APY, $5k minimum deposit

Availability: Nationwide (internet bank)

In a series of four rate increases in as many months, Colorado Federal Savings Bank (CFSB) has added a total of 62 bps to its 12-month CD. With the largest increase (30 bps) occurring this week, the 12-month CD earns 1.35% APY, which is the highest rate currently available on nationally available 1-year CDs (minimum deposit of $10k or less). The minimum opening deposit is $5k, with no stated balance cap.

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Colorado Federal Savings Bank 12-Month CD Attains Top Rate
Deal Summary: 12-month CD (1.05% APY), $5k minimum deposit

Availability: Nationwide (internet bank)

It’s only been ten days since my last blog post about Colorado Federal Savings Bank’s uniform 17 bps CD rate increases. CFSB is ending the week by raising CD rates again, with increases of 10-15 bps. Currently earning 1.05% APY, the 12-month CD continues to offer the most competitive rate. In fact, the 12-month is now the rate-leader for nationally available 1-year CDs. The minimum opening deposit is $5k, with no stated...

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Colorado Federal Savings Bank 12-Month CD Nears Top Rate
Deal Summary: 12-month CD (0.90% APY), $5k minimum deposit

Availability: Nationwide (internet bank)

About two weeks ago, Colorado Federal Savings Bank (CFSB) added a uniform 17 bps to all its CDs. While most banks and credit unions are offering their most competitive rates on long-term CDs, the CFSB 12-month CD (0.90% APY) now has the most competitive rate in the product line. CFSB's 11-month No Penalty CD had also been very competitive, but the APY just fell today (0.82% → 0.70%.) The 12-month CD can be opened...

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Colorado Federal Savings Bank No Penalty CD Is A Rate Leader
Update 3/1/22: 11-month No Penalty CD APY fell to 0.70%.

Deal Summary: 11-month No Penalty CD, 0.82% APY, $5k minimum deposit, early closure only.

Availability: Nationwide (internet bank)

Colorado Federal Savings Bank (CFSB) ended last week by raising the rates on all its CDs by a uniform 17 bps. The majority of CFSB’s CD rates have not been competitive for the last year, so while the additional 17 bps is a welcome increase, the APYs are still not competitive.

The one exception is the 11-month No Penalty...

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.