The Best Fixed Annuity and CD Rates in Colorado (March 2024)

Shawn Plummer

CEO, The Annuity Expert

From the mountain peaks of Colorado to the vibrant heart of Denver, the financial landscape of the Centennial State offers a wide range of opportunities to grow your savings. This comparison is designed to be your comprehensive guide, aiding you in shopping and comparing the high CD rates, online savings account interest rates, the best rates on money market accounts, and fixed deferred annuity rates available across CO. Whether your savings are housed in longstanding banks, local credit unions, or the convenience of online platforms, we aim to simplify your journey towards financial growth. This guide is set to demystify the complexities of Colorado’s financial terrain, providing you with the crucial knowledge to optimize interest rates and successfully grow your savings. Understanding and navigating the interest rates in Colorado will be less of a challenge and more of an exciting adventure with this handy guide.

The Best Rates To Grow Your Money

TermInsurance CompanyAPY
N/AMoney Market Account – Generations Bank5.29%
N/AMoney Market Account – American First Credit Union5.30%
N/ASavings Account – Customers Bank5.30%
12 MonthsCD – Bread Savings5.35%
5 YearsAnnuity – Wichita National6.30%
*Fixed annuities are only for saving money to use in retirement.

Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this guide.

Find And Compare The Highest Interest Rates

Find the highest interest rates for your savings, ranging from 3 months to 5 years, all in one place.

The Best Fixed Annuity Rates In Colorado

A fixed annuity is a type of investment product that offers a guaranteed interest rate for a set period, typically two to ten years. With a fixed annuity, you can grow your savings and receive regular income payments during retirement.

The first step in finding the best fixed annuity rates in Colorado is researching different insurance companies. Look for reputable companies with a strong track record of providing competitive interest rates and favorable terms.

Disclaimer: Products are subject to state availability. Please inquire below for details.

The Best CD Rates In Colorado

Investing in a Certificate of Deposit (CD) allows users to capitalize on their savings with an attractive fixed-interest rate for any period, from one month up to five years. Accessible upon maturity after its term, depositors can expect to generate interest rates that make saving the intelligent move.

The first step in finding the best CD rates in Colorado is researching different financial institutions. Look for banks and credit unions that offer competitive interest rates and favorable terms, such as no minimum deposit or monthly maintenance fees.

3-Month CD Rates

Banks and credit unions have the highest CD rates for three months.

Best 3-Month CD RatesRateTermMinimum
Ponce Bank5.35% APY3 Months$1.00
Total Direct Bank5.66% APY3 Months$25,000.00
Western Alliance Bank5.36% APY3 Months$1.00

6-Month CD Rates

The following banks and credit unions have the highest CD rates for six months.

Best 6-Month CD RatesRateTermMinimum
CommunityWide FCU5.50% APY6 Months$1,000.00
My eBanc5.51% APY6 Months$50,000.00
Newtek Bank5.55% APY6 Months$50,000.00

1-Year CD Rates

The following banks and credit unions have the highest CD rates for 12 months.

Best 12-Month CD RatesRateTermMinimum
Hudson Valley Credit Union5.67% APY12 Months$750.00
Space Coast Credit Union5.61% APY12 Months$500.00
Lafayette Federal Credit Union5.61% APY12 Months$100,000.00

2-Year CD Rates

Banks and credit unions have the highest CD rates for 24 months.

Best 2-Year CD RatesRateTermMinimum
Luana Savings Bank5.11% APY24 Months$100,000.00
Eastman Credit Union5.40% APY24 Months$1,000.00
Pelican State Bank5.27% APY24 Months$500.00

3-Year CD Rates

Banks and credit unions have the highest CD rates for 36 months.

Best 3-Year CD RatesRateTermMinimum
Mountain Credit Union5.15% APY36 Months$2,500.00
Hughes Federal Credit Union4.97% APY36 Months$99,000.00
Lafayette Federal Credit Union5.20% APY36 Months$100,000.00

4-Year CD Rates

The following banks and credit unions have the highest CD rates for 48 months.

Best 4-Year CD RatesRateTermMinimum
Bread Savings4.15% APY48 Months$1,500.00
NexBank4.45% APY48 Months$10,000.00
Fedchoice Federal Credit Union4.35% APY48 Months$500.00

5-Year CD Rates

Banks and credit unions have the highest CD rates for 60 months.

Best 5-Year CD RatesRateTermMinimum
Farmers Insurance4.25% APY60 Months$1,000.00
Lafayette Federal Credit Union4.63% APY60 Months$100,000.00
Virginia Credit Union4.48% APY60 Months$100,000.00
Best And Highest Cd, Annuity, Savings, Money Market Rates In Colorado

Benefits of CDs

  • Low-risk investment: CDs are low-risk because your principal is guaranteed, and the interest rate is fixed for the entire term.
  • Competitive interest rates: CDs typically offer higher interest rates than traditional savings accounts, helping your money grow faster.
  • Easy to understand: CDs are a simple investment product that is easy to understand and manage.

Benefits of Fixed Annuities

  • Guaranteed interest rate: Fixed annuities offer a guaranteed interest rate, helping you grow your savings confidently.
  • Tax-deferred growth: The interest earned on a fixed annuity is tax-deferred, allowing your savings to grow faster.
  • Guaranteed income: With a fixed annuity, you can receive guaranteed income payments during retirement, providing a stable source of income.

Next Steps

Investing your money is smart and can make all the difference in achieving your financial goals. Colorado offers both CD and fixed annuity rates, and with this comprehensive guide, you are prepared to make an informed decision. With our help, you can rest assured that your money is working for you.

Whether you live in Colorado or beyond, understanding CD and fixed annuity rates will be a smart step forward. Please educate yourself on the benefits of investing by exploring our resources, current rates, and signs of potential future rate changes. And if you need more information or assistance, contact us for a quote – we’ll be able to discuss further options so you can find what works best for your particular needs.

No matter where your journey takes you, we know it will be successful as long as you are diligent about exploring investments suited for you – don’t forget to take advantage of all the great opportunities available from Colorado!

The Best Fixed Annuity And Cd Rates In Colorado (Co)

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Disclaimer: I may receive a small referral fee if you purchase something using a link in this guide.

Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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