One-year CD rates are averaging 1.54%, but Colorado Federal Savings Bank has some certificates of deposit that can beat that. The bank’s online CD rates include:
- 1.5% annual percentage yield (APY) for 6 months
- 2% APY for 1 year
- 2.05% APY for 18 months
- 2.25% APY for 2 years
- 2.5% APY for 3 years
- 3% APY for 5 years
These CD rates are accurate as of Oct. 2, 2009, but can change at any time. CD accounts automatically renew at maturity unless you choose to close the account during the grace period.
Certificates of deposit require a minimum deposit of $5,000. There are no monthly fees. If you withdraw money before the maturity date you pay a penalty. You are allowed to withdraw money six times without a fee during each monthly statement cycle. After that the bank imposes a $25 fee for each withdrawal.
You can use a non-Colorado Federal Savings Bank to fund a certificate of deposit. The account won’t become active until the funds are actually received by Colorado Federal Savings Bank. If the funds are not received within 10 days of your application, the certificate of deposit gets cancelled.
Certificates of deposit at Colorado Federal Savings Bank are insured by the Federal Deposit Insurance Corp. (FDIC) for up to $250,000 per depositor through Dec. 31, 2013.
- 6 Month CD %
- 1-year CD %
- 2-year CD %
- Money Market Account %
- Savings Account %
- 30-year Fixed Mortgage 3.61 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you.
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