Colorado CD Interest Rates | 1-Month to 5-Year CDs for Colorado Consumers with Positive Credit Histories
If you live in Denver, Boulder, Aurora, Lakewood, Arvada, or any other city in Colorado, it’s important to conduct comparison research to ensure that you get the highest CD rates in Colorado.
Of course, it isn’t always easy to set aside the time to sift through Colorado CD rates. Luckily, this article will give you all the information you need to find the best CD rates in Colorado.
Lake Irene, CO
Which Colorado City Are You Located In?
Below is a list of the ten largest cities in Colorado. Click here to go to the Colorado rates table displayed above, and to compare the best rates on financial products in Colorado.
Biggest Cities in Colorado
List of Available Certificate of Deposits in Colorado
Below are the types of Colorado CDs you can invest money in:
- 1-year CD
- 1-month CD
- 3-month CD
- 6-month CD
- 9-month CD
- 1-year jumbo CD
- 2-year CD
- 3-year CD
- 5-year CD
- 5-year jumbo CD
Aside from the best CD rates in Colorado, you may want to consider high-yield savings accounts in Colorado. Depending on the provider, many online high-yield savings accounts offer much higher rates than even the best CD rates in Colorado.
Tips for Getting the Best CD Rates in Colorado
Across the nation and in Colorado, CD rates are increasing, especially those that are offered by online banks.
Often providing more in returns than a savings account, certificates of deposit are popular savings products for Colorado residents, but it’s important to choose the right savings products and rates for your unique financial needs.
Read on to find tips for getting the best CD rates in Colorado to help your savings grow.
Know Your Finances
Before signing up for the best CD rates in Colorado, you’ll want to know exactly how much you can afford to set aside.
Some savings products and CD rates in Colorado will have minimum balance requirements, so the amount of cash you can set aside may play a large role in which CD you choose.
Keep in mind that any money put into a CD won’t be liquid for at least one year—or more—depending on the CD, so you’ll want to have a good handle on your finances before signing up for CD rates in Colorado.
Compare Multiple Products
When looking for the best CD rates in Colorado, your local bank is a good place to start—but it should not be the end-all solution.
With the rise of online banking, there are plenty of online banks offering competitive Colorado CD rates, often providing better rates than brick-and-mortar banks.
Credit unions are also great resources for CD rates in Colorado, since they operate as not-for-profit organizations and can often offer better rates as a result.
Look for Promotional Colorado CD Rates
The benefit to having local banks and credit unions to choose from is that these financial institutions often have promotions or special rates on CDs.
Some examples of potential discounts on the best Colorado CD rates include:
- Larger deposits
- Switching to electronic statements
- Senior citizens
- Residents of a specific county or city
Conclusion: Finding the Top CD Rates that Colorado Has to Offer
As you can see, there are a lot of great offers and rates on financial products available for Colorado residents.
No matter what type of account you choose, a CD can be a great option for consumers that struggle with keeping their savings intact long enough for their account to grow.
Consider your financial goals, your current savings plan, and the best CD rates in Colorado to choose the best savings account for your personal financial goals.
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