Colorado Federal Savings Bank vs. Newtek Bank
Comparing Colorado Federal Savings Bank and Newtek Bank for high-yield savings: Colorado Federal Savings Bank's Premier Savings pays 4.05% APY while Newtek Bank's Personal High Yield Savings pays 4.20% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Newtek Bank pays $420 more than Colorado Federal Savings Bank annually ($420 vs $0).
Choose Newtek Bank if getting the best rate matters most, or you're an Android user (no Android app for Colorado Federal Savings Bank).
| Metric | Colorado Federal Savings BankPremier Savings Feb 21, 2026 | Newtek BankPersonal High Yield Savings Feb 21, 2026 |
|---|---|---|
| APY | 4.05% | 4.20% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$0 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $50,000 | $0.01 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS AppDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat iOS AppDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Colorado Federal Savings Bank vs. Newtek Bank
Executive Summary
Newtek Bank offers a competitive Personal High Yield Savings account with an APY of 4.20%, making it the winner in this comparison. This account requires a minimum deposit of just $0.01 and has no maintenance fees, appealing to those looking for higher returns on smaller deposits. In contrast, Colorado Federal Savings Bank's Premier Savings account offers a slightly lower APY of 4.05% but requires a minimum deposit of $50,000. Both banks provide online-only services and do not require direct deposits, making them accessible for customers seeking high-yield savings options.
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?
- ✓Offers 2 different high-yield savings options
Why Newtek Bank?
- ✓Higher potential APY (4.20% vs 4.00%-4.05%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $420 vs $0/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $0/yr).
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $15 more interest on a $10,000 balance than Colorado Federal Savings Bank's Premier Savings.
*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. Newtek Bank Savings Calculator
You earn $75 more with Newtek Bank than Colorado Federal Savings 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
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$2,100.00(4.0%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$52,100.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Colorado Federal Savings Bank | Newtek Bank |
|---|---|---|
| APY | 4.05% Verified: 2/21/2026 Stable (90d) | 4.20% Verified: 2/21/2026 ↘︎ 0.15%90d Change |
| Product Name | Premier Savings | Personal High Yield Savings |
| Minimum Deposit | $50,000 | $0.01 |
| Min. Balance for APY | $50,000 | $0.01 |
| 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 | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Colorado Federal Savings Bank Non-sponsored link to official site | Visit SiteVerify at Newtek Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Colorado Federal Savings Bank | Newtek Bank | |
|---|---|---|---|
| Premier Savings | High Yield Savings | Personal High Yield Savings | |
Current APY | 4.05% | 4.00% | 4.20% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.4 | -2.4 | -0.9 |
Days Since Change | 134 | 134 | 15 |
12-Month High | 4.25% | 4.25% | 4.45% |
12-Month Low | 4.05% | 4.00% | 4.20% |
Adjustments / Mo | 0.16 | 0.33 | 0.16 |
Volatility Score | 0.022 | 0.023 | 0.011 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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