Colorado Federal Savings Bank vs. My Banking Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Colorado Federal Savings BankPremier Savings Jan 7, 2026 | My Banking DirectHigh Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.05% | 4.02% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$0 | $5,000+$201 $10,000+$402 $25,000+$1,005 |
Min Deposit | $50,000 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS App | FDIC InsuredLow 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. My Banking Direct
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 My Banking Direct's 4.02% APY for its High Yield Savings Account, with a minimum balance of $1.
Colorado Federal Savings Bank pays $3 more than My Banking Direct on a $10,000 balance after one year. Colorado Federal Savings Bank pays $405, while My Banking Direct pays $402 - 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?
- ✓Offers 2 different high-yield savings options
Why My Banking Direct?
- ✓Higher rated iOS app (4.7 vs 4.3)
- ✓Higher rated Android app (4.3 vs 0.0)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
My Banking DirectMy Banking Direct's High Yield Savings Account earns more on smaller deposits (approx. $402 vs $0/yr).
Better Returns at $25,000
My Banking DirectMy Banking Direct's High Yield Savings Account pulls ahead with larger amounts (approx. $1005 vs $0/yr).
Best Mobile App Experience
My Banking DirectMy Banking Direct offers an iOS app rated 4.7 (vs. 4.3) and Android app rated 4.3 (vs. 0.0)
Shared Benefits
Over a 1-year period, Colorado Federal Savings Bank's Premier Savings pays $3 more interest on a $10,000 balance than My Banking Direct's 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%, making it an attractive option for savers looking for a daily compounding account with no maintenance fees and a low minimum deposit of $1. Alternatively, their Premier Savings account provides a slightly higher APY of 4.05%, but requires a minimum deposit of $50,000. In comparison, My Banking Direct features a High Yield Savings Account with an APY of 4.02%, which is also online-only and has a minimum deposit of $500. While both banks present solid savings options, Colorado Federal Savings Bank's High Yield Savings account stands out as the winner based on the highest APY.
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. My Banking Direct Savings Calculator
You earn $15 more with Colorado Federal Savings Bank than My Banking Direct 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
My Banking Direct
High Yield Savings Account
Savings Breakdown
- Interest Earned+$2,010.00(3.9%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$52,010.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Colorado Federal Savings Bank | My Banking Direct |
|---|---|---|
| APY | 4.05% Verified: 1/7/2026 ↘︎ 0.10%90d Change | 4.02% Verified: 1/7/2026 ↘︎ 0.18%90d Change |
| Product Name | Premier Savings | High Yield Savings Account |
| Minimum Deposit | $50,000 | $500 |
| Min. Balance for APY | $50,000 | $1 |
| 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- | iOS4.7 Android4.3 |
| Zelle® Support | Not Supported | Available Uses Flagstar/NYCB parent infrastructure. |
| BBB Rating | A+ | F |
| Next Steps | Visit SiteVerify at Colorado Federal Savings Bank Non-sponsored link to official site | Visit SiteVerify at My Banking Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Colorado Federal Savings Bank | My Banking Direct | |
|---|---|---|---|
| Premier Savings | High Yield Savings | High Yield Savings Account | |
Current APY | 4.05% | 4.00% | 4.02% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.6 | -2.6 | -4.2 |
Days Since Change | 89 | 89 | 53 |
11-Month High | 4.25% | 4.25% | 4.45% |
11-Month Low | 4.05% | 4.00% | 4.02% |
Adjustments / Mo | 0.19 | 0.37 | 0.46 |
Volatility Score | 0.022 | 0.022 | 0.034 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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