According to a recent Primerates.com survey conducted on February 6, 2012 of Denver CD rates offered by the area banks & credit unions, Denver’s largest financial institutions offered short-term savers 6 month CD’s with rates between 0.050% at U.S. Bank National (www.usbank.com) and Vectra Bank Colorado (www.vectrabank.com), and 0.250% at Compass Bank (www.bbvacompass.com) and BOKF (www.bankofoklahoma.com). Compass Bank (www.bbvacompass.com) continues to have the highest returns for all other CD rates, with an attractive 2-year 1.242% CD and 5-year 1.980% CD.
CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.
|Banks||6 month||1 year||2 year||3 year||4 year||5 year|
|Wells Fargo Bank||NA||0.050%||NA||NA||NA||NA|
|U.S. Bank National||0.050%||0.100%||0.450%||0.700%||1.000%||1.390%|
|KeyBank National Association||0.200%||0.200%||0.349%||0.548%||0.747%||0.896%|
|Vectra Bank Colorado||0.050%||0.200%||NA||NA||NA||NA|
Rates from banks, thrifts, and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.