Certificates of Deposit

Gateway’s Certificates of Deposit

If you have extra money on hand that you won’t need for a while, but you don’t want to put it in a risky investment, a certificate of deposit (CD) may be perfect for you.

CDs are similar to savings accounts because they’re insured by the FDIC, which means they are very low-risk. However, you receive a higher interest rate than normal savings accounts because you’re agreeing to not touch that money for a period of time (typically between a few months and a few years). We offer CDs in 1 month, 6 month, 12 month, 36 month, and 48 month terms, but we can be flexible if you need a different time period.

Get in touch with us for more details on how CDs work and to see if they’re right for you.

Account at a glance

Minimum opening deposit$1,000
Earns interestYes
Free online bankingYes
Free online bill payNo
Important notesInterest will be compounded and credited monthly. Penalties may be incurred if you withdraw money from your CD before it matures.

Go back to CDs and retirement accounts