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Power Savings
Establish your Power Savings Account and strengthen your finances.
5.50%APY
Our Best Savings Rate. Open a Power Savings Account Today!
It all starts here
Start Saving Now
Any amount is worth saving
Unlock Greater Returns
Earn higher interest rates on smaller balances
Upgrade Your Savings Strategy
Turn your savings into significant earnings.
Our Best Savings Account Option
Supercharge your savings with our NEW Power Savings Account (sometimes referred to as a reverse-tiered savings account). Earn our highest rate of return on your first $1,000. This account is great for the beginner saver, with no minimum balance required.
Round Up
Automatically save while you're out making everyday purchases. When you use your Partner Colorado debit card that's attached to your checking account, your total purchase is rounded up to the nearest dollar and the spare change is placed automatically into your Power Savings account.
For example, a debit card charge of $5.84 is rounded up to $6.00 and the difference of $0.16 is deposited to your savings account.
| Minimum Balance to Earn Interest | Annual Percentage Yield |
|---|---|
| $0-$1000 | 5.50% |
| $1,001-$2,500 | 1.50% |
| $2,501-$10,000 | 0.50% |
| $10,001+ | 0.05% |
Understand Your Options
With numerous savings account options available, it's important to understand how they differ. The main distinction among savings accounts lies in their structure, which can significantly affect your earnings over time.
Standard savings: A conventional savings account provides a consistent interest rate, regardless of your balance. For instance, Partner Colorado’s Primary Savings offers a 0.05% APY no matter how much you save. It’s a dependable place to keep and grow your funds.
Tiered-rate savings: High-yield savings accounts often feature tiered rates that reward larger balances with higher interest rates. For example, a Partner Colorado money market account begins with a 0.75% APY and increases to 1.75% APY for balances over $100,000. Tiered-rate accounts are ideal if you already have a substantial amount saved.
Reverse-tiered savings: A reverse-tiered savings account provides higher rates on lower balances, with decreasing rates on higher balances. For instance, Partner Colorado’s Power Savings account offers 5.50% APY on the first $1,000 and 1.50% APY on the next $1,499. This type of account is great for jump-starting your savings journey.
As your savings grow, it might be beneficial to move some of your funds into a different high-yield account, like a money market or high-interest checking account, to earn more interest on larger balances. Regardless of your financial status, maintaining $1,000 in your Power Savings account will help you maximize your earnings.
Direct Deposit
Fast-track your paycheck into your Partner Colorado account.
- Get your money up to two days earlier.
- Add security to the process.
- Let us do the lifting.
Online Banking
Take control of your personal finances through Online Banking.
- Real-time information
- Transfer money easily
- Track what's important to you
Resources to move you ahead.
Learn how to get your dream car faster.
Understand why saving money is a good idea.
Make sure you have funds for your next adventure.
Manage your finances on the go.
APY = Annual Percentage Yield. Limit one Power Savings Account per member. The interest rate is applied to the average daily balance and is paid at tier rates on the balances within each tier. Dividends are compounded and credited monthly based on the average daily balance present in the Power Savings Account. Member eligibility is required. The APY for the Power Savings Account is current as of 09/16/24. Rates and terms are subject to change at any time without notice. Fees may reduce earnings on the account.