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Colorado Federal Savings Bank Has Top-Rate 1-Year Online CD


Availability: Nationwide

Earlier this week, Colorado Federal Savings Bank (CFSB) raised the rate on its 1-Year CD (1.35% APY). This increase is the first rate change in nine months for the 1-Year CD.

The minimum deposit is $5K and there is no balance cap for this online CD.

4.00%$5k-Colorado Federal Savings Bank12 Month CD
Rates as of December 9, 2022.

As stated on the Certificate Rates page, the Early Withdrawal Penalty reads as follows:

Early Withdrawal Penalty for withdrawals prior to maturity date, 3 months penalty on Certificate Term is one year or less and 6 months penalty for a certificate term over one year.

DA Member, Cumulus, posted this deal in the Forum. He also made note of the following statement found in the fine print. Thank you, Cumulus!

CFSB will only allow transfers to and from your original linked account. It is our policy not to change linked accounts. It is recommended you link a checking account that you intend to keep open.

In other words, make sure the checking account you link to the CD when funding, is a checking account you intend to keep open for the term of the CD, as CFSB is not flexible on this point.

As I was reading the FAQ section, I noticed two statements which may be of importance to some DA readers:

Q: Can I open an account in the name of my trust or business?

A: No, we do not offer trust or business accounts.

Q: Can I add a POD or beneficiary to my account?

A: We do not offer POD’s or beneficiaries.

As always, thoroughly reading all disclosures and available information is prudent before committing.


As an internet bank, Colorado Federal Savings Bank is able to offer all its Savings and CD products to all US citizens (18 years or older). In the past, CFSB's headquarters in Greenwood Village also provided a brick and mortar office for customers who banked locally. This has changed: all accounts can only be opened online, with all other transactions also done online.

Bank Overview

Colorado Federal Savings Bank has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 3.13% (excellent), as of December 31, 2014. In the past year, CFSB increased its total deposits by $114.45 Million, an excellent annual growth rate of 12.07%. Please refer to our financial overview of Colorado Federal Savings Bank for more details.

Established in 1990, Colorado Federal Savings Bank (FDIC Certificate # 33111) prides itself on one of the highest capital ratios in the banking industry today, with a solid financial balance sheet.

How the CD Compares

When compared to other similar length of term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and nationally available, Colorado Federal Savings Bank’s 1-Year CD is currently the leader.

The above rates are accurate as of 4/29/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Related Pages: Colorado Federal Savings Bank

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