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’re 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 certificates of deposit 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 to learn more about how CDs work and to see if they’re right for you.
Account at a glance
|Minimum opening deposit||$1,000|
|Free online banking||Yes|
|Free online bill pay||No|
|Important notes||Interest will be compounded and credited monthly. Penalties may be incurred if you withdraw money from your CD before it matures.|