![]() ![]() This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Reviews Banks. To make the list, accounts had to be available in Colorado. Daily compounding interest schedules led to higher scores, while monthly or quarterly schedules lowered scores. Higher APYs improved account rankings, while minimum deposit requirements of $10,000 or higher hurt rankings. We used the following weightings when ranking each account:īased on how each CD account scored in these categories, we assigned appropriate rankings. We also ranked each institution according to individual account terms. Ratings were based on 11 data points in the categories of APY, minimums, compound interest schedule, customer experience, digital experience, available terms and overall availability. ![]() We looked at 356 CD accounts at 134 banks and credit unions and assigned star ratings to each institution. Forbes Advisor found the best CD rates in Colorado by analyzing a wide variety of financial institutions and CD accounts. ![]()
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