Best CD Rates in Colorado

When it comes to saving money, Certificates of Deposit are the most feasible option available so far. These rates can make a significant difference in your financial growth, especially in a state like Colorado.

To explore and secure a competitive CD rate, we are providing you a precise guide in the section below. Colorado has a unique opportunity to capitalize some of the best CD rates available. In this guide, we will explore the top CD rates in Colorado, that help you to find a safe place for your hard-earned money.

Overall Best CD rates in Colorado

No.	Name of the Bank	APY %	Term Length	Address
1	Premier Bank	5.57%	12-month	978 S Havana St Aurora, CO 80012
2	Anheuser-Busch Employees Credit Union	5.40%	12-month	1520 E Mulberry St Fort Collins, CO 80524
3	Mountain View Bank of Commerce	5.37%	12-month	12365 Huron St Westminster, CO 80234
4	Colorado Federal Savings Bank	5.35%	12-month	8400 E Prentice Ave Greenwood Village, CO 80111
5	Peoples Credit Union	5.25%	12-month	125 Main St Springfield, CO 81073
6	Armed Forces Bank, National Association	5.15%	15-month	5122 Community Center Dr US Air Force Academy, CO 80840
7	Academy Bank, N.A.	5.15%	15-month	1 S Tejon St Colorado Springs, CO 80903
8	First National Bank, Cortez	5.10%	12-month	2258 E Main St Cortez, CO 81321
9	Beal  Bank USA	5.05%	12-month	154  Steele St Denver, CO 80206
10	Beal Bank USA	5.05%	12-month	154 Steele St Denver, CO 80206
11	Navy Federal Credit Union	5.05%	12-month	2125 S Webster St Lakewood, CO 80227
12	MidFirst Bank	5.02%	3-month	2805 S Colorado Blvd Denver, CO 80222
13	Adams Bank & Trust	5.01%	12-month	10 Ken Pratt Blvd Longmont, CO 80501
14	Collegiate Peaks Bank	5.00%	3-month	3350 Brighton Blvd Denver, CO 80216
15	Dolores  State Bank	5.00%	12-month	744 E Main St Cortez, CO 81321
16	Farmers State Bank of Brush	5.00%	12-month	101 Main Ave Akron, CO 80720
17	North Valley Bank	5.00%	12-month	1210 E First Ave Broomfield, CO 80020
18	BellCo Credit Union	5.00%	6-month	570 S Wadsworth Blvd Lakewood, CO 80226
19	FirstBank	5.00%	6-month	3500 S Wadsworth Blvd Lakewood, CO 80235
20	Sooper  Credit Union	5.00%	6-month	1497 S Wadsworth Blvd Lakewood, CO 80232
21	Collegiate Peaks Bank	5.00%	3-month	105 Centennial Plz Buena Vista, CO 81211
22	Adams Bank & Trust	4.91%	18-month	265 E Cheyenne Mountain Blvd Colorado Springs, CO 80906
23	Denver  Community Credit Union	4.89%	3-month	1075 Acoma St Denver, CO 80204
24	West  Denver Community Credit Union	4.89%	3-month	3299 W Alameda Ave Denver, CO 80219
25	Public Service Credit Union	4.75%	6-month	7575 W 5th Ave Lakewood, CO 80226
26	Credit Union of Colorado	4.67%	6-month	9140 W 6th Ave Lakewood, CO 80215
27	PenFed Credit Union	4.65%	12-month	6045 Barnes Rd Colorado Springs, CO 80922
28	Ent  Federal Credit Union	4.50%	3-month	1499 Wynkoop St Denver, CO 80202
29	Wells Fargo Bank, National Association	4.50%	3-month	1975 19th St Denver, CO 80202
30	Rocky Mountain Law Enforcement Federal Credit  Union	4.50%	12-month	700 W 39th Ave Denver, CO 80216
31	Bank of Colorado	4.50%	18-month	421 N Tejon St Colorado Springs, CO 80903
32	Navy Federal Credit Union	4.50%	18-month	6916 Mesa Ridge Pkwy Fountain, CO 80817
33	Foothills Credit Union	4.42%	6-month	7990 W Alameda Ave Lakewood, CO 80226
34	Credit Union of Colorado	4.28%	18-month	3606 Austin Bluffs Pkwy Colorado Springs, CO 80918
35	Rocky Mountain Law Enforcement Federal Credit  Union	4.25%	3-month	700 W 39th Ave Denver, CO 80216
36	Stockmens Bank	4.25%	18-month	601 N Nevada Ave Colorado Springs, CO 80903
37	First Technology Federal Credit Union	4.22%	12-month	6971 E Belleview Ave Denver, CO 80237
38	Bank of Colorado	4.00%	6-month	300 Union Blvd Lakewood, CO 80228
39	5Star Bank	4.00%	18-month	10989 New Allegiance Dr Colorado Springs, CO 80921
40	Kirkpatrick Bank	4.00%	18-month	25 N Cascade Ave Colorado Springs, CO 80903
41	Park  State Bank & Trust	4.00%	18-month	710 W US Hwy 24 PO Box 9 Woodland Park, CO 80863
42	Blue Federal Credit Union	4.00%	6-month	Online
43	First National Bank of Las Animas	3.96%	18-month	581 W Hwy 105 Monument, CO 80132
44	Ent  Federal Credit Union	3.95%	18-month	16050 Old Forest Point Monument, CO 80132
45	Bank of America, National Association	3.93%	3-month	370 17th St Denver, CO 80202
46	FirstBank	3.92%	3-month	600 Broadway Denver, CO 80203
47	American Bank of Commerce	3.85%	18-month	434 S Tejon St Colorado Springs, CO 80903
48	Integrity Bank & Trust	3.75%	18-month	13475 Voyager Pkwy Colorado Springs, CO 80921
49	Premier Bank	3.70%	3-month	2480 W Alameda Ave Denver, CO 80223
50	Credit Union of Colorado, A Federal Credit Union	3.06%	3-month	1390 Logan St Denver, CO 80203
51	Bank of Colorado	3.00%	3-month	1601 19th St Denver, CO 80202
52	Public Service Credit Union	3.00%	18-month	4750 Granby Cir Colorado Springs, CO 80919
53	Sooper  Credit Union	3.00%	18-month	2132 W Colorado Ave Colorado Springs, CO 80904
54	Northstar Bank of Colorado	3.00%	36-month	Online
55	Operating Engineers  Local Union	2.90%	12-month	990 Kalamath St PO Box 40008 Denver, CO 80204
56	BellCo Credit Union	2.75%	3-month	18241 Green Valley Ranch Blvd Denver, CO 80249
57	ANB Bank	2.59%	3-month	3033 E First Ave Denver, CO 80206
58	Alpine Bank	2.48%	3-month	215 Saint Paul St Denver, CO 80206
59	Security  Service Federal Credit Union	2.37%	3-month	1275 S Federal Blvd Denver, CO 80219
60	Credit Union of Denver	2.25%	6-month	9305 W Alameda Ave PO Box 261420 Lakewood, CO 80226
61	Legacy Bank	2.25%	18-month	Online
62	Great Western Bank	1.08%	18-month	Online

Current CD Rates of Colorado

In Colorado, the current CD rates hold significant importance and has a variety of terms ranging from short-term 3-month CDs to long-term 5-year CDs. These rates offer a reliable and fixed return on investment.

Particularly in Colorado’s dynamic economic environment, securing a competitive CD rate can provide a stable and predictable source of income, safeguarding savings against market volatility and inflationary pressures.

Best 6 Month CD Rates

For those looking to park their funds in a short-term investment, the best 6-month CD rates in Colorado offer an ideal blend of higher interest returns compared to regular savings accounts.

1. CommunityWide FCU

Minimum Amount: $1000.00

APY / Rate: 3.50% APY

Pros:

• NCUA Insured to at least $250,000
• Dividends can be compounded in certificates / deposited to another share/ transferred to another institution
• Option to renew on the maturity

Rules:

• Any withdrawal before maturity is charged with a penalty
• Penalty= amount of the withdrawal x  the remaining term (days) of the certificate at the rate of 2x the current APR (divided by 365)
• Dividends are paid at the end of the month

2. Quontic Bank

Minimum Amount: $500.00

APY / Rate: 3.25 % APY

Pros:

• Instant account opening
• Low minimum balance
• FDIC insured

Rules:

• Interest is compounded daily and credited to the account at the end of every month
• A periodic rate is applied to the balance (principal + interest) in the account
• CD can be withdrawn upon maturity within 10 days after which, it is automatically renewed on the same terms.

3. PenFed Credit Union

Minimum Amount: $1,000.00

APY / Rate: 3.50% APY

Pros:

• Easy renewal without any conditions
• Can be accessed at the branch, mobile or online
• Insured by NCUA insurance

Rules:

• Dividends are calculated on a simple interest basis
• Monthly dividends are paid on CD maturity

Best 1 Year CD Rates

When it comes to finding a balance between a concise yield and maintaining access to your funds within a year, the best 1-year CD rates stand out. They provide a golden opportunity for Colorado savers to earn more on their deposits.

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
•  The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

2. First National Bank of America

Minimum Amount: $1000

APY Rate: 4.40% APY

Pros:

• Competitive APY on online CDs and high-yield savings accounts
• Fee-free access to 55,000 all ATM networks.
• Digital banking access online and via an app

Rules:

• Interest rates and APYs are subject to change without notice.
• Early withdrawal will reduce earnings and impose the penalty
• APY on all services will remain deposited until maturity.

3. Marcus by Goldman Sachs

Minimum Amount: $500.00

APY Rate: 4.00% APY

Pros:

• Hasslefree and Instant account opening
• Customer support avail all seven days of a week

Rules:

• CD rate can change at any time and hence customers are required to check the prevailing rates
• Interest is added to the principal at every month’s end
• It can be withdrawn without any penalty

Best 2 Year CD Rates

Investors aiming for a slightly longer horizon without locking in for too long will find the best 2-year CD rates in Colorado appealing.

1.  Sallie Mae Bank

Minimum Amount: $1

APY / Rate: 5.00%

Pros:

• Range of periods and guaranteed CD interest rate
• Automatic renewal option
• FDIC insured banking
• No monthly maintenance fees

Rules:

• CD is opened with a minimum amount of $2500.
• The investor can request interest disbursement monthly, quarterly, yearly, or at maturity.
• There is an early termination penalty: 90 days of interest for CDs with a term less than 12 months and 180 days of interest for CDs with terms more than 12 months
• More amounts can be added to the CD during the grace period.

2.  Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
• The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

3. Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.30% APY

Pros:

• Best APY rate
• No minimum balance required
• High-yield savings options
• No penalty on premature interest withdrawal
• 10 days grace period after maturity to add more funds to the CD

Rules:

• The interest is compounded monthly and added to the account at the end of the month.
• There is no minimum balance required to earn interest.
• Also no penalty on premature withdrawals.

Best 3 Year CD Rates

For those who are comfortable with committing their funds for a bit longer, the best 3-year CD rates in Colorado offer an attractive proposition.

1. PenFed Credit Union

Minimum Amount: $1000.00

APY / Rate: 4.05% APY

Pros:

• Easy online and mobile access.
• Checking account dividends are compounded daily and paid monthly
• 85,000 free ATM network access nationwide.
• Competitive APY rates.

Rules:

• NCUA insured.
• Rates are the same and are subject to change.
• Penalties applied for early withdrawal.
• The penalty will be 30% of the gross amount of dividends after 365 days of the open date.

2. Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.30% APY

Pros:

• Best APY rate
• No minimum balance required
• High-yield savings options
• No penalty for premature interest withdrawal
• 10 days grace period after maturity to add more funds to the CD

Rules:

• The interest is compounded monthly and added to the account at the end of the month.
• There is no minimum balance required to earn inter

3.  First National Bank of America

Minimum Amount: $1000.00

APY Rate: 4.40% APY

Pros:

• Competitive APY on online CDs and high-yield savings accounts
• Fee-free access to 55,000 all ATM networks.
• Digital banking access online and via an app

Rules:

• Interest rates and APYs are subject to change without notice.
• Early withdrawal will reduce earnings and impose the penalty
• APY on all services will remain deposited until maturity.

Best 5 Year CD Rates

Best 5-year CD rates in Colorado are flexible for the most patient investors to provide the highest interest rates among standard CD terms.

1.  Popular Direct

Minimum Amount: $10000

APY / Rate: 4.50%

Pros:

• Highly competitive rates for 6-month CDs, meaning this is a great contender for one of the best CD rates in Colorado
• 24/7 access to the bank account
• No hidden fees or charges
• Customer support for all sorts of queries and concerns
• FDIC insured bank up to maximum

Rules:

• APY can be earned assuming the interest and the principal remains on deposit until maturity.
• Interest is compounded monthly and added to the account at the end of the month.
• Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD

2. Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.30% APY

Pros:

• Best APY rate
• No minimum balance required
• High-yield savings options
• No penalty for premature interest withdrawal
• 10 days grace period after maturity to add more funds to the CD

Rules:

• The interest is compounded monthly and added to the account at the end of the month.
• There is no minimum balance required to earn interest.
• Also no penalty on premature withdrawals.

3.  First National Bank of America

Minimum Amount: $1000.00

APY Rate: 4.35% APY

Pros:

• Competitive APY on online CDs and high-yield savings accounts, making this one of the best CD rates in Colorado
• Fee-free access to 55,000 all ATM networks.
• Digital banking access online and via an app

Rules:

• Interest rates and APYs are subject to change without notice.
• Early withdrawal will reduce earnings and impose the penalty
• APY on all services will remain deposited until maturity.

Colorado Economic Statistics

Colorado’s economic landscape presents a vibrant and diverse setting for investors.

• With an average household income that stands out among the states, Colorado’s residents have a solid foundation for both saving and investing.
• The average household income in Colorado was approximately $77,127. It reflects the state’s strong economy and the potential for residents to allocate funds towards investments like CDs for financial growth
• The average home value in Colorado, which was around $505,000, indicates a robust real estate market that can influence investment strategies, including how much money residents might choose to put into CDs as part of a diversified portfolio.

Statistic	Value
Average Household Income	$77,127
Average Home Value	$505,000
Population	Over 5.7 million

Furthermore, Colorado’s population, which exceeds 5.7 million people. It showcases a broad and dynamic economic environment. This diverse demographic contributes to the demand for a variety of financial products and services, including competitive CD rates as savers look for secure and profitable ways to manage their wealth

How to Get Best CD Rates in Colorado

To secure the best CD rates in Colorado, it is essential to conduct thorough research and compare offers from a variety of financial institutions, including banks, credit unions, and online platforms.

Colorado residents should consider not only the interest rates but also the terms and conditions, such as minimum deposit requirements and early withdrawal penalties.

Furthermore, staying informed about the local economic trends and how they influence interest rates can also provide an edge. Additionally, leveraging any existing relationships with financial institutions and exploring loyalty or bulk deposit rates can lead to more favorable terms.

Ultimately, a combination of diligent comparison-shopping, staying economically informed, and negotiating where possible will guide savers and investors toward the best CD rates available in the Centennial State.

CD Rates Methodology

Our methodology for reviewing CD rates involved a comprehensive analysis of offerings from 95 banks, that precisely includes a mix of national, regional, and online institutions.

Out of these, 62 banks made our list based on a stringent set of criteria. These criteria included the competitiveness of the CD rates, the variety of term options available, the minimum deposit requirements, and the overall customer experience.

This approach ensures that our recommendations provide a balanced view, catering to a wide range of financial goals and preferences among savers seeking the best CD rates.

Conclusion

In conclusion, finding the best CD rates in Colorado requires a strategic approach. By carefully comparing the offerings from a range of banks and credit unions, along with considering certain factors and staying informed about the broader economy, one can maximize their savings potential.

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