Colorado Federal Savings Bank vs. Openbank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Colorado Federal Savings BankPremier Savings Jan 7, 2026 | OpenbankHigh-Yield Savings Account Jan 7, 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 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS App | FDIC InsuredLow Minimums |
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
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 Openbank's 4.20% APY for its High-Yield Savings Account, with a minimum balance of $0.
Openbank pays $15 more than Colorado Federal Savings Bank on a $10,000 balance after one year. Colorado Federal Savings Bank pays $405, while Openbank pays $420 - an APY advantage for Openbank.
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?
- ✓Higher rated iOS app (4.3 vs 3.1)
- ✓Offers 2 different high-yield savings options
Why Openbank?
- ✓Higher potential APY (4.20% vs 4.00%-4.05%) on all balances
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $420 vs $0/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1050 vs $0/yr).
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account 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.
Executive Summary as of
Openbank offers a High-Yield Savings Account with an APY of 4.20%, making it the highest-yielding option compared to Colorado Federal Savings Bank's High Yield Savings account, which has an APY of 4.00%. Openbank's account requires a minimum deposit of $500 and has no maintenance fees, while Colorado Federal's account requires a minimum deposit of $1 and also has no fees. Both banks provide online-only services and do not require direct deposits. For larger deposits, Openbank continues to provide better returns, with significant earnings compared to Colorado Federal's offerings.
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
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Colorado Federal Savings Bank vs. Openbank Savings Calculator
You earn $75 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+$2,100.00(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 | Openbank |
|---|---|---|
| APY | 4.05% Verified: 1/7/2026 ↘︎ 0.10%90d Change | 4.20% Verified: 1/7/2026 Stable (90d) |
| Product Name | Premier Savings | High-Yield Savings Account |
| Minimum Deposit | $50,000 | $500 |
| Min. Balance for APY | $50,000 | $0 |
| 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- | iOS3.1 Android2.9 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | Not Rated |
| 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% | 4.20% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.6 | -2.7 | -3.0 |
Days Since Change | 89 | 89 | 169 |
10-Month High | 4.25% | 4.25% | 4.75% |
10-Month Low | 4.05% | 4.00% | 4.20% |
Adjustments / Mo | 0.19 | 0.38 | 0.28 |
Volatility Score | 0.022 | 0.022 | 0.027 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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