Highest Colorado CD (Certificate of Deposit) Rates

With millions of websites operating online, finding the best investment tool can cause a major headache. Even looking for the best certificates of deposit can be really tedious. If you are living in Colorado and you are searching for local banks offering the best CO-Colorado CD (Certificate of Deposit) Rates, then you are on the right place. This article summarizes the different bank in Colorado which offers the highest APY, the different requirements and the unique features of each account.

Compare the Best CD Rates in Colorado

Account Type:
Certificates of Deposit
Amount:
Term:



Which Financial Institutions Offer The Best Colorado CD (Certificate Of Deposit) Rates?

Certificates of Deposit provide security to investors, and of course people of Colorado are no exception. With the economic changes faced by the nation today, investors rely on certificates of deposit for security. At present, high Colorado CD (Certificate of Deposit) Rates offer residents with a good way to earn income without the risk. By making sure that their funds are intact and that they are in no need for extra cash, investors are willing to wait for the maturity date and to avoid making withdrawals to maximize their CD account earnings.

First bank to be featured is the Bank of Choice. Its certificates of deposit require a $1000 minimum deposit for opening an account. The interest is compounded daily and is also credited monthly and annually. Early withdrawal penalties are computed based on the terms of the certificate of deposit. For a 12 Month or less CD, the penalty will be worth a 30 days' interest. For over 13 months the penalty charge will be equal to a 90 days' interest. The 90 Day CD has an interest rate of 0.150% and APY of 0.15%, the 18 Month has a 1.232% APR and 1.24 APY. Finally, its 36 Month CD has a 1.882% APR and a 1.90% APY.

First National Bank's APYs remained unchanged. Their 6 Month CD Account has an APY of 0.25%, the 12 Month CD Account has a 0.45% and their 2 Year CD Account has a 0.75%. First National Bank offers fixed rate products: the Fixed Rate Certificate of Deposit and First Select Account. This bank also offers variable products called First Flex Account.

Melrose Credit Union provides very remarkable Colorado CD Rates for certain term CD such as the 1.76% APY on its 1 Year Share CD Certificates. It also has an APY of 2.52% for the 3 year Share CD Certificates. The minimum opening deposit amounts to $5,000. The share certificate dividends are compounded quarterly.

Bellco Credit Union offers satisfying APYs, as well. But the rates are a slightly lower than Melrose CU. The APY for the 12 Month CD is 1.30% and the 3 Year CD has a 1.29% APY. The minimum deposit required to earn the APYs is $500. The credit union also offers the Smart Move CD. The terms available are 18 months, 24 months, 30 months and 36 months with APYs of 0.85%, 1.15%, 1.20% and 1.25%. The good thing about Bellco is that they have a Youth Certificate of Deposit which aims to encourage young people to start their own savings. The minimum deposit for this type of account is $50 with a 12 month term. The APY for Youth CD is 0.80%.

Credit Union of Colorado which has an APY of 0.85% for the $10,000 minimum deposit 18 Month term but it has higher APYs for the other longer term CDs. For instance, the 3 Year CD, still with the $10,000 minimum deposit, accounts to 2.00%. But if you want to invest on the $500 minimum opening deposit account, you'll be earning a 0.55% for the 1 Year, 1.74% for the 3 Year and 2.33% for the 5 year.

Banks and credit unions in Colorado still offer competitive Colorado CD Rates. With the hundred banks and credit unions, the rates continue to attract individuals and businesses.

CD Rates by State:

ONLINE SAVINGS ACCOUNT

  • No minimum balance
  • Competitive rates, No risk

MONEY MARKET ACCOUNT

  • High rates, Access to money
  • FDIC Insured

CD Types


CDs Overnight Averages

Product
Yield
+/-
Last week


3 Mo CD
0.11
-
0.11


6 Mo CD
0.17
-
0.17


1 Yr CD
0.26
-
0.26


1.5 Yr CD
0.33
-
0.33


5 Yr CD
1.02
-
1.02


CDs Guides