Colorado Federal Savings Bank Review(s) and CD Rates

February 20, 2013 No Comments »
Colorado Federal Savings Bank Review(s) and CD Rates

Colorado Federal Savings Bank, based out of Greenwood Village, Colorado, was established in 1990 and operates one primary branch in the area. However, the bank has an excellent online presence and reputation thanks to its ability to accept deposits from customers throughout the United States.

Colorado Federal Savings Bank employs 28 people at their single location and are federally insured by the FDIC (FDIC # 33111).

At this time, they are the 6th largest bank in the state of Colorado and the 373th largest in the United States. With its small size, this financial institution is able to provide customers with top of the line service as well as a variety of competitive products.

Colorado Federal Savings Bank CD Rates (March, 2013)

Term
Rate
APY
6 Months 0.80% 0.80%
12 Months 1.05% 1.05%
18 Months 1.05% 1.05%
24 Months 1.10% 1.10%
36 Months 1.25% 1.25%
60 Months 1.55% 1.55%

Best yet, Colorado Federal Savings Bank has one of the highest capital ratios in the banking industry to go along with a solid financial balance sheet.

Colorado Federal Savings Bank Health and Statistics

Currently, Colorado Federal Savings Bank controls roughly $1.04 billion in assets – with $391.89 million in loans, $665 million in deposits and $102.24 million in equity capital.

Profit Margin Break Down

  • Net interest margin of 2.18%
  • Return on Assets 0.60%
  • Return on equity 5.5%, with $10.75 million in interest income.

Terms and Conditions

To ensure long term safety and security, Colorado Federal Savings Bank only allows transfers to and from your original linked account. To many, this seems “harsh” but it goes a long way in avoiding security issues for each and every customer. For this reason, the bank recommends linking an account that you intend to keep open for an extended period of time.

Colorado Federal Savings Bank online Certificates of Deposit (CD) are among its most popular products. Most find that an online CD from this financial institution offers a higher rate on return than their local bank.

These accounts offer a variety of terms to choose from. This allows the investor to pick from several terms with different maturity dates (perfect for CD laddering). Like most CDs, funds are not accessible (without a penalty) until the term has expired.

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