Chime vs. Colorado Federal Savings Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | ChimeChime High-Yield Savings Account Jan 7, 2026 | Colorado Federal Savings BankPremier Savings Jan 7, 2026 |
|---|---|---|
| APY | 1.00% - 3.50% | 4.05% |
Est. Earnings | $5,000+$175 $10,000+$350 $25,000+$875 | $5,000+$0 $10,000+$0 $25,000+$0 |
Min Deposit | $0 | $50,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking Bundle | 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 Chime vs. Colorado Federal Savings Bank
As of Chime offers an APY of 3.50% for its Chime High-Yield Savings Account, with a minimum balance of $0.01, 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 $55 more than Chime on a $10,000 balance after one year. Chime pays $350, 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 Chime?
- ✓Higher rated iOS app (4.8 vs 4.3)
- ✓Higher rated Android app (4.8 vs 0.0)
Why Colorado Federal Savings Bank?
- ✓Higher potential APY (4.00%-4.05% vs 3.50%)
- ✓No checking account or direct deposit required
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
ChimeChime's Chime High-Yield Savings Account earns more on smaller deposits (approx. $350 vs $0/yr).
Better Returns at $25,000
ChimeChime's Chime High-Yield Savings Account pulls ahead with larger amounts (approx. $875 vs $0/yr).
Best for Simplicity
Colorado Federal Savings BankColorado Federal Savings Bank's Premier Savings offers 4.05% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
ChimeChime's Chime High-Yield Savings Account pays a superior APY for customers who also open a checking account.
Best Mobile App Experience
ChimeChime offers an iOS app rated 4.8 (vs. 4.3) and Android app rated 4.8 (vs. 0.0)
Shared Benefits
Over a 1-year period, Colorado Federal Savings Bank's Premier Savings pays $55 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Colorado Federal Savings Bank offers a competitive High Yield Savings account with an APY of 4.00%, which is higher than Chime's Chime High-Yield Savings Account at 3.50%. While Chime requires a qualifying direct deposit of $200 or more and is designed for customers who also open a checking account, Colorado Federal's account has no such requirements, making it simpler to access. Additionally, Colorado Federal provides a Premier Savings account with an even higher APY of 4.05%, but it requires a minimum deposit of $50,000. Both banks operate online only and have no maintenance fees.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Chime vs. Colorado Federal Savings Bank Savings Calculator
You earn $275 more with Colorado Federal Savings Bank than Chime 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.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$1,750.00(3.4%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$51,750.00
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 | Chime | Colorado Federal Savings Bank |
|---|---|---|
| APY | 3.50% Range: 1.00% - 3.50% Verified: 1/7/2026 ↘︎ 0.25%90d Change | 4.05% Verified: 1/7/2026 ↘︎ 0.10%90d Change |
| Product Name | Chime High-Yield Savings Account | Premier Savings |
| Minimum Deposit | $0 | $50,000 |
| Min. Balance for APY | $0.01 | $50,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.8 Android4.8 | iOS4.3 Android- |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Chime 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 | Chime | Colorado Federal Savings Bank | |
|---|---|---|---|
| Chime High-Yield Savings Account | Premier Savings | High Yield Savings | |
Current APY | 3.50% | 4.05% | 4.00% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 7.0 | -2.6 | -2.6 |
Days Since Change | 83 | 89 | 89 |
11-Month High | 3.75% | 4.25% | 4.25% |
11-Month Low | 2.00% | 4.05% | 4.00% |
Adjustments / Mo | 0.19 | 0.19 | 0.37 |
Volatility Score | 0.156 | 0.022 | 0.022 |
How to read these metrics(Click to expand)
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