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


Availability: Nationwide (internet bank)

Colorado Federal Savings Bank (CFSB) ended the week by raising rates on most of its CDs, with the 1-year CD (1.35% APY) and 18-month CD (1.40% APY) being the most competitive of the group. The minimum deposit for any CFSB CD is $5K, with no balance caps.

5.30%$5k-Colorado Federal Savings Bank12 Month CD
4.95%$5k-Colorado Federal Savings Bank18 Month CD
Rates as of May 29, 2024.

The 1.35% APY is the highest rate the 1-year CD has experienced since its addition to the product line in November 2010, although the 1.35% APY was offered for about six weeks in late Spring 2015.

This is the first substantial rate increase for the 18-month CD in more than four years. While the initial rate on the 18-month CD was 1.45% APY in November 2010, the rate has vacillated between 1.00% and 1.05% APY for the majority of the time.

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.

The fine print on the Certificate Rates page also states:

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.

There are two statements in the FAQ section that 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, it’s prudent to thoroughly read all disclosures and available information before committing.

Thanks to DA member, thowellIII, for his Forum post on Colorado Federal Savings Bank.


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 0.83% (excellent), as of June 30, 2015. CFSB has an excellent capitalization level of 12.41%, a result of having $1.56 Billion in assets with $193.46 Million in equity. 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 CDs Compare

When compared to the 127 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.

When compared to the 96 similar length of term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and nationally available, Colorado Federal Savings Bank’s 18-Month CD is currently ranks second.

The above rates are accurate as of 11/6/2015.

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

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.