RateAPY

Colorado Federal Savings Bank Savings Account Earns 1.50% APY

Posted by: RateAPY Bank Rates News
February 10th, 2010

Individuals looking for a safe place to save money without risking their principal should evaluate the trade-offs between a money market account, a certificate of deposit, and a savings account. For disciplined savers who want their money to grow without the temptation of daily access through an ATM card, a savings account may be the best option.

Savings account interest rates have been rising recently, adding to their appeal. Online savings accounts typically have a higher interest rate while still allowing funds to be accessible through bank transfers.

Colorado Federal Savings Bank currently offers a savings account with 1.49% interest or 1.50% APY. Account rules and benefits include:

• Minimum deposit of $2,500
• Up to six withdrawals per monthly statement cycle with no monthly service fees
• Free online transfers so you can easily move money between existing accounts
• FDIC insured up to $250,000

Compare savings account interest rates and rules before choosing the best one for your needs.