Colorado Federal Savings Bank vs. Openbank
Comparing Colorado Federal Savings Bank and Openbank for high-yield savings: Colorado Federal Savings Bank's Premier Savings pays 4.05% APY while Openbank's High-Yield Savings Account pays 4.09% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Openbank pays $409 more than Colorado Federal Savings Bank annually ($409 vs $0).
Choose Colorado Federal Savings Bank if you're an iPhone user, or choose Openbank if getting the best rate matters most.
| Metric | Colorado Federal Savings BankPremier Savings Feb 21, 2026 | OpenbankHigh-Yield Savings Account Feb 21, 2026 |
|---|---|---|
| APY | 4.05% | 4.09% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$0 | $5,000+$205 $10,000+$409 $25,000+$1,023 |
Min Deposit | $50,000 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS AppDaily CompoundingStable Rate | FDIC InsuredLow MinimumsRate 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. Openbank
Executive Summary
Openbank offers a High-Yield Savings Account with an APY of 4.09%, making it the top choice compared to Colorado Federal Savings Bank's Premier Savings account, which has an APY of 4.05%. While both accounts are online-only and have no maintenance fees, Openbank requires a minimum deposit of $500, whereas Colorado Federal's Premier Savings requires $50,000. For those looking for a more accessible option, Colorado Federal also provides a High Yield Savings account with a competitive APY of 4.00% and a minimum deposit of just $1.
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 rated iOS app (4.4 vs 3.1)
- ✓Offers 2 different high-yield savings options
Why Openbank?
No distinct advantages found vs Colorado Federal Savings Bank.
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $409 vs $0/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1023 vs $0/yr).
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $4 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.
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Non-sponsored link to official site
Top Market Contenders
Colorado Federal Savings Bank vs. Openbank Savings Calculator
You earn $20 more with Openbank 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
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,045.00(3.9%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$52,045.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Colorado Federal Savings Bank | Openbank |
|---|---|---|
| APY | 4.05% Verified: 2/21/2026 Stable (90d) | 4.09% Verified: 2/21/2026 ↘︎ 0.11%90d Change |
| Product Name | Premier Savings | High-Yield Savings Account |
| Minimum Deposit | $50,000 | $500 |
| Min. Balance for APY | $50,000 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| 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 Openbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Colorado Federal Savings Bank | Openbank | |
|---|---|---|---|
| Premier Savings | High Yield Savings | High-Yield Savings Account | |
Current APY | 4.05% | 4.00% | 4.09% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.4 | -2.4 | -2.7 |
Days Since Change | 134 | 134 | 16 |
12-Month High | 4.25% | 4.25% | 4.75% |
12-Month Low | 4.05% | 4.00% | 4.09% |
Adjustments / Mo | 0.17 | 0.33 | 0.33 |
Volatility Score | 0.022 | 0.023 | 0.027 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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