Colorado Federal Savings Bank vs. Newtek 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 | Newtek BankPersonal High Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.05% | 4.35% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$0 | $5,000+$217 $10,000+$435 $25,000+$1,088 |
Min Deposit | $50,000 | $0.01 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS App | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
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
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 Newtek Bank's 4.35% APY for its Personal High Yield Savings account, with a minimum balance of $0.01.
Newtek Bank pays $30 more than Colorado Federal Savings Bank on a $10,000 balance after one year. Colorado Federal Savings Bank pays $405, while Newtek Bank pays $435 - an APY advantage for Newtek 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 Newtek Bank?
- ✓Higher potential APY (4.35% vs 4.00%-4.05%) on all balances
- ✓Higher rated Android app (4.1 vs 0.0)
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $0/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1088 vs $0/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.35% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Newtek BankNewtek Bank offers an iOS app rated 4.5 (vs. 4.3) and Android app rated 4.1 (vs. 0.0)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $30 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.
Executive Summary as of
Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.35%, making it the clear winner among the two banks. This account requires a minimum deposit of just $0.01 and has no maintenance fees, providing better returns compared to Colorado Federal Savings Bank's High Yield Savings account, which offers a slightly lower APY of 4.00% and requires a minimum deposit of $1. Both accounts are online-only and do not require direct deposit. Newtek Bank is noted for its simplicity and superior mobile app experience.
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. Newtek Bank Savings Calculator
You earn $150 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+$2,175.00(4.2%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$52,175.00
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: 1/7/2026 ↘︎ 0.10%90d Change | 4.35% Verified: 1/7/2026 Stable (90d) |
| 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 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.3 Android- | iOS4.5 Android4.1 |
| 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% | 4.35% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.6 | -2.6 | -0.7 |
Days Since Change | 89 | 89 | 271 |
11-Month High | 4.25% | 4.25% | 4.45% |
11-Month Low | 4.05% | 4.00% | 4.35% |
Adjustments / Mo | 0.19 | 0.37 | 0.09 |
Volatility Score | 0.022 | 0.022 | 0.008 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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