Below are the highest yielding money market account rates serving citizens of the state of Colorado.
If you are strictly after the best interest rate then you have a variety of options that will provide you with similar yields. The question you need to ask yourself is, “what type of minimum balance can I keep?” Most money market accounts provide a given interest rate based on a certain account balance. The more money you are able to keep in these accounts, the higher the interest rate you will generally receive.
After sorting through dozens of interest rate tables belonging to banks and credit unions serving the state of Colorado, we have found that in most instances you will be able to lock in more competitive rates with national institutions rather than local ones. Before committing to one of the banks/credit unions listed below, you may want to browse through our archive of money market account interest rates.
Keep in mind, money market rates are time-sensitive in nature, therefor you may want to refer to the date of this article for accuracy. As with all money market accounts, the interest rates are variable and are subject to change without notice.
Top 2 MMA (money market account) rates in Colorado:
(click on the institution for more information)
- Denver Fire Department Federal Credit Union: Denver, CO. Money market account yielding 1.55% APY with a minimum balance of $5,000. They also have a 6 month CD yielding 1.40% APY and a 2 year CD yielding 2.50% APY. As I am sure you have already gathered, this credit union is fairly exclusive for average Colorado citizens. You will find it particularly hard to join if you are not employed by the city in some way, shape or form. Obviously you will have no problems if you happen to work for the fire department or police department. You may also be eligible if you have family members (even distant ones) whom fit the criteria. Denver Fire Department FCU has one location and it’s in Denver. Contact info: (303) 228-5300
- Colorado East Bank and Trust: Bueno Vista, CO. Money market account yielding 1.51% APY with a minimum deposit of $10,000. Although they do not list their rates on their website we have contacted them to confirm their money market rates. Colorado East Bank and Trust was first established in 1905 and currently serves 19 locations throughout Colorado and Kansas, controlling roughly $800 million in assets. They offer a very wide range of products outside convential community bank offerings. These products include strategic wealth management, personal insurance and various trust services. Contact: (719) 336-5200
Both of the above institutions are federally insured by either the FDIC or NCUA. If you live in Colorado and know of a better money market rate offered through your local institution, please share by leaving a comment.