Colorado Federal Savings Bank vs. Discover Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Colorado Federal Savings BankPremier Savings Jan 7, 2026 | Discover BankOnline Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.05% | 3.40% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$0 | $5,000+$170 $10,000+$340 $25,000+$850 |
Min Deposit | $50,000 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS App | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported |
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 Colorado Federal Savings Bank vs. Discover Bank
As of Colorado Federal Savings Bank offers an APY of 4.05% for its Premier Savings account, with a minimum balance of $50,000, compared to Discover Bank's 3.40% APY for its Online Savings Account, with a minimum balance of $0.
Colorado Federal Savings Bank pays $65 more than Discover Bank on a $10,000 balance after one year. Colorado Federal Savings Bank pays $405, while Discover Bank pays $340 - 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 Colorado Federal Savings Bank?
- ✓Higher potential APY (4.00%-4.05% vs 3.40%)
- ✓Offers 2 different high-yield savings options
Why Discover Bank?
- ✓Higher rated iOS app (4.9 vs 4.3)
- ✓Higher rated Android app (4.8 vs 0.0)
- ✓Fast transfers via Zelle® (up to $600 a day)
— Key Feature Differences —
Better Returns at $10,000
Discover BankDiscover Bank's Online Savings Account earns more on smaller deposits (approx. $340 vs $0/yr).
Better Returns at $25,000
Discover BankDiscover Bank's Online Savings Account pulls ahead with larger amounts (approx. $850 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 Mobile App Experience
Discover BankDiscover Bank offers an iOS app rated 4.9 (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 $65 more interest on a $10,000 balance than Discover Bank's Online 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 High Yield Savings account with a competitive APY of 4.00%, making it the standout option among the two banks. This account requires a minimum deposit of just $1 and has no maintenance fees, and it is available online only. In comparison, Discover Bank's Online Savings Account provides a lower APY of 3.40% but does not require a minimum deposit or balance, also featuring no maintenance fees and being online-only. While Discover Bank excels in mobile app experience and offers better returns at higher deposit amounts, Colorado Federal Savings Bank's higher APY positions it as the more lucrative choice for savers.
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
Non-sponsored link to official site
Top Market Contenders
Colorado Federal Savings Bank vs. Discover Bank Savings Calculator
You earn $325 more with Colorado Federal Savings Bank than Discover 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.
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
Discover Bank
Online Savings Account
Savings Breakdown
- Interest Earned+$1,700.00(3.3%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$51,700.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Colorado Federal Savings Bank | Discover Bank |
|---|---|---|
| APY | 4.05% Verified: 1/7/2026 ↘︎ 0.10%90d Change | 3.40% Verified: 1/7/2026 Stable (90d) |
| Product Name | Premier Savings | Online Savings Account |
| Minimum Deposit | $50,000 | $0 |
| Min. Balance for APY | $50,000 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.3 Android- | iOS4.9 Android4.8 |
| Zelle® Support | Not Supported | Available Limit: $600/dayStrict 90-day seasoning period for new accounts. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Colorado Federal Savings Bank Non-sponsored link to official site | Visit SiteVerify at Discover Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Colorado Federal Savings Bank | Discover Bank | |
|---|---|---|---|
| Premier Savings | High Yield Savings | Online Savings Account | |
Current APY | 4.05% | 4.00% | 3.40% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.6 | -2.6 | -3.4 |
Days Since Change | 89 | 89 | 99 |
11-Month High | 4.25% | 4.25% | 3.75% |
11-Month Low | 4.05% | 4.00% | 3.40% |
Adjustments / Mo | 0.19 | 0.37 | 0.37 |
Volatility Score | 0.022 | 0.022 | 0.033 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Colorado Federal Savings Bank vs...
Comparing against Standard Savings
Compare Discover Bank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.