Certificates of deposit are popular among investors because they tend to offer higher interest rates than traditional savings accounts. However, not all CD rates are competitive with other deposit accounts.
Colorado Banking Rates will help you locate the best CD rates by doing the comparison shopping for you. We provide current rates information from our database of over 3,000 banks and credit unions to bring you the most competitive rates in your area.
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
|
1.09%
As of May 15, 2012
|
 |
Ally Bank
|
CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
|
1.41%
As of April 25, 2012
|
View Rate Details | Peoples Credit Union | CD Account |
|
1.25%
As of May 11, 2012
|
View Rate Details | The Gunnison Bank | CD Account |
|
1.21%
As of April 23, 2012
|
View Rate Details | Air Academy Credit Union | CD Account |
|
1.20%
As of April 30, 2012
|
View Rate Details | Castle Rock Bank | CD Account |
|
1.16%
As of April 24, 2012
|
View Rate Details | Saguache County Credit Union | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
| Academy Bank, National Association - 12 Month CD Account | 0.50% to 0.60% | May 11, 2012 | |
| First National Bank - 12 Month CD Account | 0.60% to 0.50% | May 10, 2012 | |
| First Southwest Bank - 12 Month CD Account | 0.65% to 0.55% | May 9, 2012 | |
| 5Star Bank - 12 Month CD Account | 0.80% to 0.75% | May 8, 2012 | |
| Englewood Municipal Credit Union - 12 Month CD Account | 0.50% to 0.35% | May 7, 2012 | |
Colorado certificate of deposit accounts are looking great for the second week of December. More and more investors are flocking to CDs due to the volatility of the current stock market, especially with the Fed’s monetary policies affecting the value certain asset classes.
See the best interest rates in the state of Colorado for the week below.
Many factors contribute to choosing an institution to open a certificate of deposit with, but generally the most important factor to consider is the interest rate. Whether you’re in search of a short-term six month CD, or are willing to commit to a longer investment period of one or two years in order to earn a higher rate, CD interest rates vary by location and financial institution. That’s why finding an account with the highest CD rate that also meets your savings needs and goals is crucial to making a wise investment.
Whether you’re looking for a short-term CD of only six months, or a longer investment period of one to two years, the interest rate you earn greatly determines whether you made a wise investment choice. Not all bank CD rates are competitive with the current national or state average, so thoroughly research your options before committing your funds to an account.
Every economy goes through cycles, and it’s no different from the one currently affecting Colorado and the rest of the nation. Seeing how hard the recession has hit some areas should make you realize how important saving is – you never know when the next downturn can hit. CDs make saving easy because they are straightforward and extremely safe. In fact, it’s one of the few investments that can guarantee you a return.
Finding the best CD rates takes a lot of time and effort. Colorado Banking Rates wants to do all the work for you, by researching the financial information resources we have at our disposal. A strong CD rate or money market rate will give you peace of mind knowing that you can look forward to a more secure financial future.
Colorado residents know that the state is one of the most beautiful in the entire country, and nature is rich in abundance in the Centennial State. Residents also do well for themselves, as the state is one of the richest per capita in the United States. There’s no doubt that having an aggressive savings and investment plan involving CDs is a part of that. Colorado residents are aggressive on CDs because you really can’t afford not to have one these days.
Colorado had a per capita income of around $47,000 in 2007, which means many of its residents are in good financial shape. When you have funds in your savings account however, you’re actually hurting yourself by not investing it more wisely. A high rate CO CD account could provide you with so much more in interest than your savings or checking account ever could. Here are some other reasons you should consider opening a Colorado CD account.
If you’ve made the choice to start investing in a Colorado CD account, you’ve made the right one. Certificates of deposit are one of the best ways for you to earn interest safely. But, do you simply sign up for the best CD rate you can find? The short answer is no.
Colorado CD interest rates in 2010 have started out very similar to the way they ended in 2010. The highest CD rates are still introductory rates, jumbo CD’s or long-term deposit rates. CD’s remain a great and safe alternative to investing in stocks, which are more risky. By using an online rate comparison tool, you can easily determine what the best rates are for your geographic location. You can even search nationally.
For instance, a search for CD rates in Aspen, Colorado, result in the follow certificate of deposit offers:
