Chime vs. Colorado Federal Savings Bank
Comparing Chime and Colorado Federal Savings Bank for high-yield savings: Chime's Chime High-Yield Savings Account pays 3.00% APY while Colorado Federal Savings Bank's Premier Savings pays 4.05% APY.
Note: Chime requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Chime pays $300 more than Colorado Federal Savings Bank annually ($300 vs $0).
Choose Chime if getting the best rate matters most, or you're an Android user (no Android app for Colorado Federal Savings Bank). Choose Colorado Federal Savings Bank if you want a no-strings-attached account.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while Colorado Federal Savings Bank offers its savings account standalone.
| Metric | ChimeChime High-Yield Savings Account Feb 21, 2026 | Colorado Federal Savings BankPremier Savings Feb 21, 2026 |
|---|---|---|
| APY | 0.75% - 3.00% | 4.05% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $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 BundleDaily CompoundingRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppDaily CompoundingStable Rate |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Chime vs. Colorado Federal Savings Bank
Executive Summary
Colorado Federal Savings Bank offers a competitive High Yield Savings account with an APY of 4.00%, making it the winner compared to Chime's High-Yield Savings Account, which has an APY of 3.00%. Colorado Federal's account does not require a direct deposit, providing greater accessibility, while Chime's account requires a qualifying direct deposit of $200 or more within the preceding 34 days. Additionally, Colorado Federal's Premier Savings account provides an even higher APY of 4.05% but requires a minimum deposit of $50,000. Both banks operate online only, with no maintenance fees and daily compounding.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chime?
- ✓Higher rated iOS app (4.8 vs 4.4)
- ✓Higher rated Android app (4.8 vs 0.0)
Why Colorado Federal Savings Bank?
- ✓Higher potential APY (4.00%-4.05% vs 3.00%)
- ✓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. $300 vs $0/yr).
Better Returns at $25,000
ChimeChime's Chime High-Yield Savings Account pulls ahead with larger amounts (approx. $750 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. 4.4) and Android app rated 4.8 (vs. 0.0)
Shared Benefits
Over a 1-year period, Colorado Federal Savings Bank's Premier Savings pays $105 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Chime vs. Colorado Federal Savings Bank Savings Calculator
You earn $525 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+$1,500.00(2.9%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$51,500.00
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 | 3.00% Range: 0.75% - 3.00% Verified: 2/21/2026 ↘︎ 0.50%90d Change | 4.05% Verified: 2/21/2026 Stable (90d) |
| 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 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | None |
| 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 | iOS4.4 Android- | |
| FDIC Insured | Yes | YesVerify FDIC |
| 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 | 3.00% | 4.05% | 4.00% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 3.4 | -2.4 | -2.4 |
Days Since Change | 22 | 134 | 134 |
12-Month High | 3.75% | 4.25% | 4.25% |
12-Month Low | 2.00% | 4.05% | 4.00% |
Adjustments / Mo | 0.25 | 0.16 | 0.33 |
Volatility Score | 0.145 | 0.022 | 0.023 |
How to read these metrics(Click to expand)
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