Westerra CU (CO) Hikes Rate on 25-Month Bump-Up/Add-On CD


Deal Summary: 25-month Bump-Up/Add-On CD Special, 1.80% APY; $10k minimum deposit, new money.

Availability: Residents of Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson Counties, and the City of Aurora, Colorado; several SEGs, including Denver Public Schools, Jeffco Public Schools, Safeway Corporation, and Sheet Metal Workers Local #9.

Last week, Westerra Credit Union (Westerra) raised the rate on its 25-month Bump-Up/Add-On CD Special (1.80% APY) by 50 bps. This 25-month CD has been part of Westerra’s product line for more than two years; the current APY is the highest ever, 70 bps higher than its initial rate.

The Add-On features allow for one additional deposit to the CD anytime during the 25-month term, but the additional deposit must also be new money.

The fine print on the promotion page shows exactly how limited the Bump-Up option really is:

During your CD term, you may bump-up your Annual Percentage Rate one time to match a higher rate you find advertised on a regular 24-month CD (for the 25-Month CD Special) at any of these banks in Denver: Bank of the West, BBVA Compass, Chase, First Bank, Key Bank, TCF Bank, US Bank or Wells Fargo.

As stated in the Agreements, Disclosure, and Information Guide, the Early Withdrawal Penalty reads as follows:

For CD and IRA CDs, the amount of the early withdrawal penalty for your account is 90
days’ interest for a CD of 12 months or less, and 180 days’ interest for a CD over 12 months.


Headquartered in Denver, Westerra Credit Union’s field of membership (FOM) is primarily residency based, with all residents of Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas or Jefferson Counties, and the City of Aurora, Colorado, eligible to join.

In addition, employees of many SEGs, including Denver Public Schools, Jeffco Public Schools, Safeway Corporation, and Sheet Metal Workers Local #9, also qualify for membership.

Joining Westerra can be done online, or in-person at any of nine Colorado branches located in Arvada, Aurora, Centennial, Denver (3), Lakewood (2), and Littleton.

Opening the 25-month CD can be done at any of the above mentioned branches, or by calling 303.321.4209.

Credit Union Overview

Westerra Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 0.76% (excellent) based on December 31, 2016 data. In the past year, Westerra has increased its total non-brokered deposits by $79.02 million, an excellent annual growth rate of 6.98%. Please refer to our financial overview of Westerra Credit Union (NCUA Charter # 65788) for more details.

Westerra Credit Union is currently Colorado’s fifth largest credit union, with more than 106,400 members and assets in excess of $$1.4 billion. Founded in 1934 as the DPS Credit Union by eight Denver school teachers, its initial mission was making loans available to other teachers. In the past 12 years, there have been four mergers with other area credit unions: Safeway Rocky Mountain Credit Union (2005), Gateway Credit Union (2006), Jeffco Credit Union (2009), and the Sheet Metal Workers #9 Credit Union (2013). The Westerra name was adopted in 2006, to better describe its expanding and diverse membership.

How the Bump-Up/Add-On CD Compares

When compared to the 285 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Westerra Credit Union's 25-Month Bump-Up/Add-On CD Special APY currently shares the top spot with three other CDs. The Add-On feature only adds to its competitiveness.

The above rates are accurate as of 5/8/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.

Related Pages: Denver CD rates, 5-year CD rates

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