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 Feb 21, 2026 | Discover BankOnline Savings Account Jan 16, 2026 |
|---|---|---|
| APY | 4.05% | 3.30% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$0 | $5,000+$165 $10,000+$330 $25,000+$825 |
Min Deposit | $50,000 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Discover Bank is part of Capital One and this account is not open to new customers. |
| Features | FDIC InsuredHigh MinimumGreat iOS AppDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
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 Colorado Federal Savings Bank vs. Discover Bank
Executive Summary
Colorado Federal Savings Bank offers a High Yield Savings account with a competitive APY of 4.00% and a Premier Savings account yielding 4.05%, which is the highest APY available. The Premier Savings account requires a minimum deposit and balance of $50,000, while the High Yield Savings account has a lower minimum deposit of $1 and no maintenance fees. Both accounts are online-only and do not require direct deposit. In contrast, Discover Bank does not offer any products for comparison.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Colorado Federal Savings Bank?
- ✓Higher potential APY (4.00%-4.05% vs 3.30%)
- ✓Offers 2 different high-yield savings options
Why Discover Bank?
- ✓Higher rated iOS app (4.9 vs 4.4)
- ✓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. $330 vs $0/yr).
Better Returns at $25,000
Discover BankDiscover Bank's Online Savings Account pulls ahead with larger amounts (approx. $825 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. 4.4) and Android app rated 4.8 (vs. 0.0)
Shared Benefits
Over a 1-year period, Colorado Federal Savings Bank's Premier Savings pays $75 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.
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 $375 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+$1,650.00(3.2%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$51,650.00
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: 2/21/2026 Stable (90d) | 3.30% Verified: 1/16/2026 ↘︎ 0.10%90d Change |
| Product Name | Premier Savings | Online Savings Account |
| Minimum Deposit | $50,000 | $0 |
| Min. Balance for APY | $50,000 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.4 Android- | |
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Limit: $600/dayStrict 90-day seasoning period for new accounts. |
| BBB Rating | A+ | A+ |
| Important Notes | - | Discover Bank is part of Capital One and this account is not open to new customers. |
| 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% | 3.30% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.4 | -2.4 | -3.5 |
Days Since Change | 98 | 98 | 8 |
11-Month High | 4.25% | 4.25% | 3.75% |
11-Month Low | 4.05% | 4.00% | 3.30% |
Adjustments / Mo | 0.18 | 0.36 | 0.45 |
Volatility Score | 0.022 | 0.023 | 0.034 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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