Deal Summary

The best APY in Colorado is currently 1.10% dividends APY with a minimum deposit of $1,000 through the Yampa Valley Bank and 0.75% APY for accounts with a minimum of $500 through BBVA USA.

Colorado’s Top CD Rates

Yampa Valley Bank in Colorado has some of the most competitive certificates of deposit rates statewide. You can buy a CD for as little as $1000 and a term as short as 1-month. The lowest APY rate at Yampa Valley Bank is 0.15% for the 1-month tier.

They have terms between one month and 60 months at Yampa Valley Bank. The top rate available is 1.10% for the five-year term which is a great rate compared to other banks in the region. There are applicable penalties for early withdrawals.

First National Bank, Cortez has a single branch in Cortez, Colorado that offers some highly competitive rates. Their last advertised APY was one of the highest in Colorado, but right now you have to contact them by phone or in person to find out what the current rates are. The highest rate that we found online listed for First National Bank, Cortez in Colorado was 0.83%.

Champion Bank has short and long term CD’s with highly profitable APYs. The short term tiers get about 0.25% in dividends and the longest term of 5-years has an APY of 0.91%. There are applicable fees for early withdrawals.  The minimum deposit for CD’s is $1,000 at Champion.


You must live, work, worship, or go to school in the state of Colorado to qualify to be a member at most local banks and credit unions. Visit a branch in person or give the bank a call to talk with a banker. Before you can purchase a CD, you will first need to start a new checking or savings account with the financial institution to be a member.

Banks in Colorado

Yampa Valley Bank, First National Bank, Champion Bank, American Bank of Commerce, Century Savings and Loan Association, First Pioneer National Bank, Liberty Savings Bank

Bank Overview

Yampa Valley Bank has some of the best CD rates. They have branches in several cities in Colorado including Steamboat Springs and Craig. This is a fairly new bank that was chartered in 2000. They have an experienced leadership team that includes a board of directors and a member advisory board.

Yampa Valley Bank is a Colorado bank that is devoted to giving back to their community. The members, bankers, and investors all volunteer throughout the community as well as providing financial contributions to local nonprofits.

First National Bank, Cortez is another great Colorado bank. They have great CD rates there. The only downside is that they only have one branch which is located in the city of Cortez. This bank first opened for business in 1958 and has been serving the community of Cortez with comprehensive banking services ever since. They have everything the community needs to continue to flourish financially like mortgages, personal accounts, investment accounts, and business banking for small and large businesses.

Another great option for CDs in Colorado is the Champion Bank located in Parker, Colorado. They have a full range of financial products including CD’s with competitive rates and a variety of tiers. They provide comprehensive and affordable financial services including lending, personal and business accounts, and mortgages.