Carver Bank vs. Colorado Federal Savings Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | Colorado Federal Savings BankPremier Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 4.05% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$0 $10,000+$0 $25,000+$0 |
Min Deposit | $5,000 | $50,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredHigh MinimumGreat iOS App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Carver Bank vs. Colorado Federal Savings Bank
As of Carver Bank offers an APY of 4.00% for its High Yield Savings account, with a minimum balance of $5,000, compared to Colorado Federal Savings Bank's 4.05% APY for its Premier Savings account, with a minimum balance of $50,000.
Colorado Federal Savings Bank pays $5 more than Carver Bank on a $10,000 balance after one year. Carver Bank pays $400, while Colorado Federal Savings Bank pays $405 - an APY advantage for Colorado Federal Savings Bank.
In addition, Colorado Federal Savings Bank also offers 4.00% APY for the High Yield Savings account, with a minimum balance of $1.
Why Carver Bank?
- ✓Higher rated iOS app (4.7 vs 4.3)
- ✓Higher rated Android app (4.5 vs 0.0)
- ✓Fast transfers via Zelle®
Why Colorado Federal Savings Bank?
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Carver BankCarver Bank's High Yield Savings earns more on smaller deposits (approx. $400 vs $0/yr).
Better Returns at $25,000
Carver BankCarver Bank's High Yield Savings pulls ahead with larger amounts (approx. $1000 vs $0/yr).
Best Mobile App Experience
Carver BankCarver Bank offers an iOS app rated 4.7 (vs. 4.3) and Android app rated 4.5 (vs. 0.0)
Shared Benefits
Over a 1-year period, Colorado Federal Savings Bank's Premier Savings pays $5 more interest on a $10,000 balance than Carver Bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Carver Bank offers a High Yield Savings account with an APY of 4.00%, requiring a minimum deposit and balance of $5,000. This account is noted for providing better returns compared to other banks for various deposit amounts. In contrast, Colorado Federal Savings Bank also features a High Yield Savings account with the same APY of 4.00%, but with a significantly lower minimum deposit requirement of just $1. Additionally, Colorado Federal offers a Premier Savings account with a slightly higher APY of 4.05%, but it requires a minimum balance of $50,000. Both banks are online-only and do not require direct deposits.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
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Top Market Contenders
Carver Bank vs. Colorado Federal Savings Bank Savings Calculator
You earn $25 more with Colorado Federal Savings Bank than Carver Bank on a $50,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$2,000.00(3.8%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$52,000.00
Colorado Federal Savings Bank
Premier Savings
Savings Breakdown
- Interest Earned+$2,025.00(3.9%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$52,025.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Carver Bank | Colorado Federal Savings Bank |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 4.05% Verified: 1/7/2026 ↘︎ 0.10%90d Change |
| Product Name | High Yield Savings | Premier Savings |
| Minimum Deposit | $5,000 | $50,000 |
| Min. Balance for APY | $5,000 | $50,000 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.3 Android- |
| Zelle® Support | Available Full native integration in digital banking. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Carver Bank Non-sponsored link to official site | Visit SiteVerify at Colorado Federal Savings Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Carver Bank | Colorado Federal Savings Bank | |
|---|---|---|---|
| High Yield Savings | Premier Savings | High Yield Savings | |
Current APY | 4.00% | 4.05% | 4.00% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -0.4 | -2.6 | -2.6 |
Days Since Change | 309 | 89 | 89 |
11-Month High | 4.25% | 4.25% | 4.25% |
11-Month Low | 4.00% | 4.05% | 4.00% |
Adjustments / Mo | 0.09 | 0.19 | 0.37 |
Volatility Score | 0.011 | 0.022 | 0.022 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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