Best High-Yield Savings Account In Colorado

A High-Yield Savings Account in Colorado isn’t just a financial tool; it’s a strategic asset that can make the difference between minor earnings and substantial financial gains. Read on to know more.
High-Yield Savings Account In Colorado
Best High-Yield Savings Account In Colorado
Consider factors like competitive rates, account accessibility, fee structures, and the security institutions provide when deciding on the best High-Yield Savings Account in Colorado.

In this article

When managing your finances, the difference between a high-yield savings account and a standard one can be substantial. In Colorado, just like anywhere else, making your hard-earned money work for you is imperative. While the national average interest rate for savings accounts lingers around a meager 0.46%, seeking the best high-yield savings account can mean distinguishing between earning a few dollars or a substantial sum of cash over time.

High-yield savings accounts are designed to provide savers with significantly better interest rates, helping your money grow faster. These accounts typically offer annual percentage yields (APYs) that surpass the national average. With an APY of 5%, a $10,000 balance can accumulate approximately $500 in interest in just one year instead of a mere $40 with a 0.40% APY.

Some of Colorado’s best high-yield savings accounts allow your savings to flourish. Whether saving for emergencies, big-ticket purchases, or future investments, these accounts are the financial tools you need. So, if you’re a Colorado resident, it’s time to explore the high-yield savings options available to maximize your savings.

Beem – High Yield Savings Account

Introducing Beem’s High-Yield Savings Account in Colorado – where your money can thrive. With Beem, you can earn up to an impressive 5.00% APY, a rate that’s 11 times higher than the national average, making it a top choice for savvy savers in the Centennial State. Here’s what you need to know about Beem’s High-Yield Savings Account: 

  • High Interest: Beem offers a remarkable interest rate that outperforms standard savings accounts. The Annual Percentage Yield (APY) considers both the rate and compounding, ensuring your savings increase.
  • Safety First: Your funds are FDIC-insured, guaranteeing the security of your deposits and giving you peace of mind.
  • No Fees, No Fuss: Beem believes in transparent banking. That means no hidden or unnecessary fees. Say goodbye to late, setup, annual, and minimum balance fees. Beem is all about simplicity and fairness.
  • Convenient Access: With Beem, you’ll enjoy a seamless banking experience at your fingertips, complete with online transfers, ATMs, and the option to write checks.
  • Tax Considerations: It’s important to remember that while your money grows in a Beem High-Yield Savings Account, your interest is taxable, subject to federal and, depending on your state, state income tax.

Beem’s High-Yield Savings Account in Colorado is more than just a savings account; it’s a financial tool to help your money grow and secure your future. Tomorrow will thank you for choosing Beem today.


Discover the innovative financial solution that combines the best of both worlds in Colorado with Wysh’s High-Yield Savings Account. Offering a competitive 4.00% Annual Percentage Yield (APY), Wysh empowers you to earn interest rates ten times the national average. But what truly sets this account apart is its unique feature: up to $10,000 in life insurance coverage included, making it America’s first high-yield savings account with life insurance.

Wysh Premier Pros & Cons


  • High-Yield Earnings: Wysh’s 4.00% APY allows your savings to grow substantially faster than traditional savings accounts.
  • Life Insurance Inclusion: Earn life insurance coverage equal to 10% of the funds in your Savings+ account, up to $10,000, all without a medical exam or underwriting.
  • No Minimums or Fees: No minimum balance requirements or hidden fees make it accessible for a wide range of savers.
  • FDIC Insured: Your savings are FDIC insured up to $250,000 through NBKC, providing peace of mind.
  • Convenience: Wysh offers mobile banking for hassle-free transactions and auto-deposit options to simplify saving.


  • Limited Insurance Coverage: While including life insurance is a unique feature, the maximum coverage is capped at $10,000.

Wysh’s High-Yield Savings Account is an ideal choice for those looking to grow their savings and secure their financial future simultaneously.

BrioDirect Access Savings

BrioDirect’s High-Yield Savings Account in Colorado is your ticket to earning substantial interest while enjoying the flexibility of online and mobile banking. Offering an impressive 5.35% Annual Percentage Yield (APY), BrioDirect allows your money to work harder, significantly outpacing the average savings account interest rates.

BrioDirect Pros & Cons


  • Best-in-Class Rates: With a 5.35% APY, your savings will grow remarkably, allowing you to reach your financial goals faster.
  • Online and Mobile Banking: BrioDirect ensures convenient access to your savings. Monitor and manage your account online or on your mobile device, providing flexibility and control.
  • No Monthly Maintenance Fees: Say goodbye to worrying about monthly fees; BrioDirect’s High-Yield Savings Account is designed to help your savings grow without any hidden costs.
  • FDIC Insurance: Rest easy knowing that your deposits are FDIC-insured. BrioDirect is the online brand of Webster Bank, a trusted FDIC-insured institution.
  • Flexible Initial Deposit Options: You can fund your account through an automated clearinghouse (ACH) payment from an existing checking or savings account, making it easy to start.


  • Variable Interest Rates: The rate on this account can change, potentially moving up or down with market conditions. While it strives to offer competitive rates, this variability may not suit those seeking a stable, fixed return.

Elevate your savings game with BrioDirect’s High-Yield Savings Account in the picturesque state of Colorado. Open your high-yield savings account today and let your money work hard for your financial aspirations.


Offering an impressive 4.35% Annual Percentage Yield (APY), Barclays’ online-only banking operation provides an avenue for your money to grow substantially, all while maintaining a member FDIC status for your peace of mind.

Barclays Bank Pros & Cons


  • No Monthly Fees: Barclays ensures that your savings remain intact by waiving monthly fees, making it an excellent choice for cost-conscious savers.
  • Competitive Rates: With a solid 4.35% APY, Barclays is dedicated to helping your savings reach their full potential.
  • No Minimum Balance Requirement: You can open a savings account with as little as $0, ensuring accessibility for all levels of savers.
  • Extended Phone Customer Service Hours: Barclays offers customer service support during extended hours, making it convenient for you to get assistance when needed.


  • Limited Branch Access: Barclays does not have a physical branch network in the U.S., which might not be ideal for those who prefer in-person banking.
  • No Checking Account: If you require a checking account, Barclays might not be the most suitable choice, as it primarily focuses on savings and certificates of deposit.
  • Low-Rated Mobile Apps: While the online platform is robust, Barclays’ mobile apps have received lower ratings, potentially impacting the digital banking experience.

Barclays’ High Yield Savings Account is a powerful tool for Colorado residents seeking robust savings rates without the burden of monthly fees. So elevate your savings strategy now.


Regarding banking choices in Colorado, Citibank offers a compelling option with its High Yield Savings Account, boasting a competitive 4.35% Annual Percentage Yield (APY). While Citibank is known for its national presence, it seamlessly combines the perks of a big bank with the advantages of online banking. It could be an excellent choice if you’re in one of the eligible regions and are looking for an extensive ATM network.

Citibank Pros & Cons


  • No Overdraft Fees: Citibank stands out with its policy of no overdraft fees, providing peace of mind for account holders.
  • Competitive Rates: With a 4.35% APY, Citibank offers competitive savings rates, which can help your money grow over time.
  • Extensive Nationwide ATM Network: Citibank boasts a vast, free, nationwide ATM network, ensuring easy access to your funds.
  • Extensive Branch Network: While Citibank may have fewer branches than some peers, its nationwide presence ensures accessibility for in-person banking when needed.
  • No Minimum Opening Deposits: No minimum balance requirements exist to open checking and savings accounts, promoting accessibility.


  • Monthly Fees: Although avoidable, Citibank does charge monthly fees on some accounts.
  • High Minimum Balance Requirements: Some accounts may require high minimum balances to waive fees.
  • Limited Availability: The highest savings rates may only be available in some states. Hence, checking eligibility in your region is essential.

Citibank’s High Yield Savings Account combines the convenience of a large bank with competitive savings rates. Open your account with Citibank today to explore its savings potential.

Discover Bank

As a highly-rated online bank, Discover combines competitive rates with essential features that cater to modern banking needs. It offers an attractive High Yield Savings Account option, offering a compelling 4.30% Annual Percentage Yield (APY). And its Online Savings Account is an excellent choice for Colorado residents seeking a high-yield savings solution.

Discover Bank Pros & Cons


  • No Overdraft Fees: Discover’s commitment to customer satisfaction includes no overdraft fees, providing peace of mind for your transactions.
  • No Monthly Fees: You won’t be burdened by monthly fees when you opt for Discover’s High Yield Savings Account.
  • Competitive Rates: With an impressive 4.30% APY, Discover ensures your savings have the potential to grow substantially.
  • Extensive Nationwide ATM Network: Enjoy free access to a vast nationwide ATM network, making your funds readily accessible.
  • Generous Bonus Offer: Discover offers a lucrative bonus of $150 or $200 for opening your first Discover Online Savings Account, providing an extra incentive to start saving.


  • Limited Branch Access: Discover’s physical branch presence is minimal, which might not suit individuals who prefer in-person banking.

Open your Discover Online Savings Account today and take advantage of the opportunity to grow your savings.

Marcus By Goldman Sachs

For those in Colorado seeking to maximize their savings, Marcus by Goldman Sachs offers an enticing solution with their High Yield Savings Account. Marcus is a formidable online banking contender with an impressive 4.40% Annual Percentage Yield (APY). If you’re comfortable with online banking and have a separate checking account, Marcus is a solid choice to grow your savings.

Marcus Pros & Cons


  • Competitive Rates: With a substantial 4.40% APY, Marcus ensures your savings grow faster than the national average.
  • No Monthly Fees: Marcus simplifies the savings process by eliminating monthly fees, allowing you to focus on growing your wealth.
  • 24/7 Customer Service: With round-the-clock customer service via phone, Marcus provides support when needed.


  • No Cash Deposit: Marcus does not support cash deposits, which may be a limitation for those who prefer traditional banking.
  • No Branch Access: Marcus operates exclusively online, so in-person branch access is unavailable.
  • No Checking Account Offered: There may be better choices than Marcus if you’re looking for a comprehensive banking solution that includes a checking account.

Marcus’ savings rate is remarkably higher than the national average, at 4.40% APY. So, open your Marcus Online Savings Account today and seize the opportunity to earn more with your hard-earned money.


With fee rebates on ATM usage and a digital-friendly approach, Upgrade’s High Yield Savings Account is ideal for those who value online accessibility and competitive savings rates. Elevate your savings strategy with Upgrade’s High Yield Savings Account, a standout option for Colorado residents. With a remarkable 5.07% Annual Percentage Yield (APY), that too with no monthly fees, and funds insured by FDIC through partner Cross River Bank, Upgrade offers an enticing opportunity for your money to work harder.

Upgrade Pros & Cons


  • No Monthly Fees: Upgrade makes saving hassle-free by eliminating monthly fees, allowing you to grow your wealth without additional costs.
  • ATM Fee Rebates: Enjoy the convenience of ATM access with fee rebates, ensuring easy access to your funds.
  • Competitive Rate: The competitive 5.07% APY is well above the national average, boosting your savings substantially.
  • Extended Phone Customer Service Hours: Upgrade provides extended customer service hours, making it easy to get assistance when needed.


  • No Overdraft Protection Program: Upgrade lacks an overdraft protection program, which may be a consideration for those who seek this feature.
  • No Cash Deposit: The absence of cash deposit support might not be suitable for individuals who rely on cash transactions.
  • No Branch Access: Upgrade is a digital-only financial technology company, so branch access is unavailable.

Upgrade is a robust option for Colorado residents looking to maximize their savings. Open your Upgrade Premier Savings account today and witness your savings flourish with an impressive APY.

American Express

The American Express High Yield Savings Account is a compelling choice for growing your savings in Colorado. With a competitive annual percentage yield (APY) of 4.30%, this FDIC-insured online bank offers a solid option for savvy savers.

American Express Pros & Cons


  • A $0 Monthly Fee: American Express National Bank ensures that your savings remain intact, as there are no monthly fees to worry about, making it a cost-effective choice.
  • Competitive Rate on Savings: With an APY of 4.30%, this high-yield savings account offers an attractive rate that can help your money grow over time.
  • Extensive Nationwide ATM Network: Accessing your funds is convenient, thanks to a vast nationwide ATM network, ensuring that your money is readily accessible when needed.
  • No Minimum Opening Deposits: You won’t need to meet stringent minimum balance requirements to open an account, making it accessible to a wide range of savers.
  • 24/7 Customer Service by Phone: American Express provides round-the-clock customer support so that you can get assistance anytime.


  • No Overdraft Protection Program: The account doesn’t include an overdraft protection program, which could be a consideration for those seeking this feature.
  • No Cash Deposit: American Express doesn’t support cash deposits, which may not suit individuals who rely on cash transactions.
  • No Branch Access: As an online bank, it doesn’t have physical branches for in-person banking.

American Express High Yield Savings Account offers a robust solution for maximizing savings with competitive rates and a straightforward fee structure. It’s an excellent choice for those who prefer online banking and don’t require branch access. Start growing your savings with American Express today.

High-Yield Savings Account In Colorado


In the vast landscape of personal finance, a high-yield savings account is a beacon of financial prudence. In Colorado, it is no different. The importance of a High-Yield Savings Account in Colorado is profound, as it can be the key to amplifying your financial security. With their paltry interest rates, traditional savings accounts often leave your hard-earned money idling when it could be actively working for you.

The benefits are undeniable. A High-Yield Savings Account in Colorado offers substantially higher Annual Percentage Yields (APYs) than standard ones, enabling your wealth to grow acceleratedly. It buffers against inflation and provides a robust foundation for emergencies, large purchases, or future investments. A High-Yield Savings Account In Colorado isn’t just a financial tool; it’s a strategic asset that can distinguish between minor earnings and substantial financial gains.

Certain features deserve attention when embarking on the quest for the ideal high-yield savings account in Colorado. Consider aspects such as competitive rates, account accessibility through online or mobile platforms, fee structures, and, importantly, the security provided by institutions. Beem, for instance, offers an impressive 5.00% APY, while BrioDirect and Upgrade present strong options with their robust rates and digital accessibility.

Selecting the correct high-yield savings account can be a financial game-changer. It’s not just about maximizing your earnings; it’s about securing your financial future, growing your wealth, and ensuring that your money works as hard as you do. In the picturesque state of Colorado, where opportunity meets prudence, a high-yield savings account is your gateway to financial empowerment and security. Your choice today could echo your financial success tomorrow.

Remember, choosing the best HYSA involves considering critical factors like interest rates, fees, minimum balance, and accessibility. Beem can help you find the best high-yield savings accounts to suit your needs.


Q. How old should you be to open a savings account in Colorado?

A. You typically need to be at least 18 to open a savings account in Colorado.

Q. Which one is better in Colorado — a CD Account or Savings Account?

A. The choice between a CD account and a savings account in Colorado depends on your financial goals, with CDs offering higher fixed rates but less liquidity.

Q. How much does a high-yield savings account in Colorado earn?

A. High-yield savings accounts in Colorado can earn around 4% to 5% APY or more, depending on the bank.

Q. Are savings account interest rates fixed in Colorado?

A. Savings account interest rates in Colorado are not fixed; they fluctuate based on market conditions and the bank’s policies.

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Team Beem

Team Beem

Team Beem brings you the latest in the world of personal finance to you. From tips and tricks on how to manage money to how to get cash for emergencies, Beem is your destination for all the information you need to be smart about your money.

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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