Colorado Federal Savings Bank offers a high interest savings account that has a current interest rate of 1.70% APY. This money in the bank deal can be opened with an initial deposit of $2,500.

Interest consumers can take advantage of this best savings account online by clicking the application button on the bank’s website. Like other savings account and money market accounts, this one limits take out to six per month.

According to the disclosure page of the savings account, the bank does not collect any online account fees and monthly service charges. The bank collects $25 fee for every transaction if you exceed the monthly withdrawal limits.

The bank also provides an ACH service to transfer funds to and from your account. Another attractive feature of this savings is that they do not charge for any ACH transfers.

The interest rate that we got from the website has a posting date of October 2. Please check the website or call the bank to find out about the latest figures.

Colorado Federal Savings Bank is headquartered in Greenwood Village, Colorado. For inquiries about their products, you can call 877-484-2372 or 303-793-3555.

Bankrate.com rates the bank’s performance with 4 stars. This was based on their June 2009 data. Deposits with the bank are covered by the FDIC.