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.
- 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
- 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.
- 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.
- 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
- 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.
- 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.
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.
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
- 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.
- 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.
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
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.
- 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
- 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.
- 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.
FAQs
Premier Bank offers the highest CD rates in Colorado, boasting a rate of 5.57% for a 12-month term.
Anheuser-Busch Employees Credit Union is known for providing the best CD rates among credit unions in Colorado, with a competitive rate of 5.40% for a 12-month term