Dedicated to Deposits: Deals, Data, and Discussion

6.00% 7-Month / 5.65% 60-Month CD at a Colorado CU (Gateway)


Gateway Credit Union is offering current members a 6.00% APY 7-month certificate of deposit. The minimum is $5,000. You must have established membership on or before 12/1/06 and have a Share Account and at least one additional active product. For those who are not yet members, they have very competitive rates on the standard long-term certificates which don't have the established membership restriction. These include a 5.65% APY 60-month CD, 5.60% APY 54-month/48-month CD and a 5.55% APY 42-month CD.

Gateway has just merged with Westerra Credit Union which also lists the same high yield CD's and also has a special 5.55% APY 12-month CD with a $10K minimum.

The Gateway field of membership is open to members of the Consumers United. It's a nonprofit association which seems to be open to anyone who pays the membership fee of $5. In addition to membership in this association, you can be eligible to join the credit union if you live within certain zip codes of Colorado. See site for details. Westerra's FOM seems to be primarily based on select employee groups.

Branches are located in Aurora and Centennial, Colorado. Westerra branches are located in Denver, Colorado Springs, Lakewood and Centennial.

Gateway is now operating through Westerra Credit Union which is federally insured by the NCUA.