Colorado Federal Savings Bank vs. Wells Fargo
Colorado Federal Savings Bank edges out Wells Fargo slightly at 4.05% vs 0.05% APY. On a $10,000 balance, the difference is just $5 per year—so other factors may matter more.
The Bottom Line
The Colorado Federal Savings Bank and Wells Fargo savings accounts are very similar. Choose Colorado Federal Savings Bank if you want a no-strings-attached account. Choose Wells Fargo if you value in-person banking, you're an Android user (no Android app for Colorado Federal Savings Bank), or you want Zelle for quick transfers.
Important Considerations
Wells Fargo requires a checking account to unlock its top savings rate, while Colorado Federal Savings Bank offers its savings account standalone.
| Metric | Colorado Federal Savings BankPremier Savings Feb 21, 2026 | Wells FargoPlatinum Savings Feb 21, 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 AppDaily CompoundingStable Rate | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedChecking BundleDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Colorado Federal Savings Bank vs. Wells Fargo
Executive Summary
Colorado Federal Savings Bank offers a competitive Premier Savings account with a 4.05% APY, requiring a minimum deposit of $50,000, and is available online only. This account has no maintenance fees and does not require direct deposit, making it a strong choice for savers looking for simplicity. In contrast, Wells Fargo's highest yielding product, the Platinum Savings account, offers a significantly lower APY of 0.05%, which is contingent on linking to a Wells Fargo Premier checking account and maintaining a minimum balance of $1,000,000. While Wells Fargo provides a robust mobile app experience, the savings options fall short 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.
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 4.4)
- ✓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. 4.4) 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.
Non-sponsored link to official site
Non-sponsored link to official site
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: 2/21/2026 Stable (90d) | 0.05% Range: 0.05% - 0.05% Verified: 2/21/2026 Stable (90d) |
| 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. |
| Compound Frequency | Daily | Daily |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | None | Wells Fargo offers branches and ATMs in 36 states and Washington, D.C. |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.4 Android- | |
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Limit: $3,500/dayFounding member; zero fees to replace wires. |
| BBB Rating | A+ | A- |
| 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) | -2.6 | -2.6 | -46.5 | 0.0 |
Days Since Change | 134 | 134 | 127 | 221 |
7-Month High | 4.25% | 4.20% | 2.51% | 0.01% |
7-Month Low | 4.05% | 4.00% | 0.05% | 0.01% |
Adjustments / Mo | 0.27 | 0.27 | 0.41 | 0.00 |
Volatility Score | 0.016 | 0.016 | 1.328 | 0.000 |
How to read these metrics(Click to expand)
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