About Colorado Federal Savings Bank
Colorado Federal Savings Bank was originally chartered in 1990 as a savings bank. It was acquired in 2008 and now operates as an online-only bank.
Featured Offers
Colorado Federal Savings Bank Overview
Colorado Federal Savings Bank is an online bank that offers CDs and high-yield savings accounts with highly competitive APYs.
| Competitive APYS on its CDs. | Online bank with no physical branches. |
| Competitive APY on its high-yield savings account. | No ATMs available. |
| No monthly service charges. | Limited product offerings. |
| Money can only be moved via external transfers. | |
| Opening deposits are than other online banks. |
Colorado Federal Savings Bank Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Colorado Federal Savings Bank offers CDs with terms ranging from one month to five years. The APYs on all of its CDs are higher than the national averages of 2.60%. Here are the details for some of the bank's CD offerings for the month! and 2025:
Savings Accounts
A savings account is an interest-bearing account that pays you interest while you save for your financial goals. Colorado Federal Savings Bank offers one high-yield savings and one regular savings account, which both offer competitive APYs that are higher than the national average yield of 1.45% for savings accounts. Here are the latest savings account details for September 2025:
Bank Fees
Non-sufficient funds fee: $25
Savings and Money Market Account excess withdrawals: $25/excess withdrawal
Account closure fee: None
Dormant account fee: None
Wire transfer fee: Domestic - N/A; Funds can only be withdrawn via ACH to a linked account
Non-network ATM fee: N/A
Monthly service charge: None
Stop payment fee: None
Paper statement fee: N/A
Colorado Federal Savings Bank Features
Colorado Federal Savings Bank's customer service line is available weekdays from 7 a.m. to 5 p.m. CST via phone. The 24-hour automated line is also available for basic account information and functions. Colorado Federal Savings Bank does not operate any branches, nor does it have any ATMs. All transfers to and from have to be made via ACH. The bank has an easy-to-use mobile app that allows customers to check balances, deposit checks, pay bills, and process Zelle transactions.
Colorado Federal Savings Bank FAQs
Our Take
Colorado Federal Savings Bank offers CDs and savings accounts with excellent and above-average APYs. The drawback is that the CDs require a minimum $5,000 opening deposit, and the Premier Savings Account is only available to new customers and requires a minimum $50,000 opening deposit. The high-yield savings account is the other savings account with a competitive APY that only requires a minimum $1 opening deposit. Both savings accounts only allow six withdrawals per month and assess a $25 fee per excess withdrawal. If you don't mind not being able to walk into a branch and are okay with only being able to access your money via ACH to another bank, this bank may be a very good option to consider.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.