Colorado Federal Savings Bank vs. Wells Fargo
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Colorado Federal Savings BankPremier Savings Jan 7, 2026 | Wells FargoPlatinum Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.05% | 0.05% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$0 | $5,000+$3 $10,000+$5 $25,000+$13 |
Min Deposit | $50,000 | $25 |
Snapshot view. Rates subject to change. | ||
Terms | - | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Features | FDIC InsuredHigh MinimumGreat iOS App | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedChecking Bundle |
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. Wells Fargo
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 Wells Fargo's 0.05% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
Colorado Federal Savings Bank pays $400 more than Wells Fargo on a $10,000 balance after one year. Colorado Federal Savings Bank pays $405, while Wells Fargo pays $5 - 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, while Wells Fargo offers 0.01% APY for the Way2Save Savings account, with a minimum balance of $0.
Why Colorado Federal Savings Bank?
- ✓Higher potential APY (4.00%-4.05% vs 0.01%-0.05%)
- ✓No checking account or direct deposit required
Why Wells Fargo?
- ✓Physical branch access (Wells Fargo offers branches and ATMs in 36 states and Washington, D.C.)
- ✓Higher rated iOS app (4.9 vs 4.3)
- ✓Higher rated Android app (4.8 vs 0.0)
- ✓Fast transfers via Zelle® (up to $3,500 a day)
— Key Feature Differences —
Best for Simplicity
Colorado Federal Savings BankColorado Federal Savings Bank's Premier Savings offers 4.05% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Wells FargoWells Fargo offers an iOS app rated 4.9 (vs. 4.3) and Android app rated 4.8 (vs. 0.0)
Shared Benefits
Over a 1-year period, Colorado Federal Savings Bank's Premier Savings pays $400 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.
*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 a notable APY of 4.00%, making it a strong choice for savers. This account requires a minimum deposit of $1 and has no maintenance fees, and is available online only. In contrast, Wells Fargo's highest yielding product, the Platinum Savings account, provides a significantly lower APY of 0.05%, which is contingent upon linking to a Wells Fargo Premier checking account and maintaining a minimum balance of $1,000,000. Overall, Colorado Federal Savings Bank is the clear winner for those seeking higher returns on savings.
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
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Top Market Contenders
Colorado Federal Savings Bank vs. Wells Fargo Savings Calculator
You earn $2,000 more with Colorado Federal Savings Bank than Wells Fargo 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
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$25.00(0.0%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$50,025.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Colorado Federal Savings Bank | Wells Fargo |
|---|---|---|
| APY | 4.05% Verified: 1/7/2026 ↘︎ 0.10%90d Change | 0.05% Range: 0.05% - 0.05% Verified: 1/7/2026 ↘︎ 2.46%90d Change |
| Product Name | Premier Savings | Platinum Savings |
| Minimum Deposit | $50,000 | $25 |
| Min. Balance for APY | $50,000 | $1,000,000 |
| Monthly Fee | $0 | $12. Waived with $3,500 minimum daily balance. |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.3 Android- | iOS4.9 Android4.8 |
| Zelle® Support | Not Supported | Available Limit: $3,500/dayFounding member; zero fees to replace wires. |
| BBB Rating | A+ | D- |
| Important Notes | - | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Next Steps | Visit SiteVerify at Colorado Federal Savings Bank Non-sponsored link to official site | Visit SiteVerify at Wells Fargo Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Colorado Federal Savings Bank | Wells Fargo | ||
|---|---|---|---|---|
| Premier Savings | High Yield Savings | Platinum Savings | Way2Save Savings | |
Current APY | 4.05% | 4.00% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.6 | -3.6 | -61.6 | -0.0 |
Days Since Change | 89 | 89 | 82 | 177 |
6-Month High | 4.25% | 4.20% | 2.51% | 0.01% |
6-Month Low | 4.05% | 4.00% | 0.05% | 0.01% |
Adjustments / Mo | 0.34 | 0.34 | 0.51 | 0.00 |
Volatility Score | 0.017 | 0.017 | 1.077 | 0.000 |
How to read these metrics(Click to expand)
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