Certificate of Deposits
Did you know that a Certificate of Deposit (CD) typically earns a higher interest rate than a traditional savings account? Grow your savings with a CD account at Gateway Bank. We offer a variety of CD terms to suit your needs, providing the opportunity to secure a fixed interest rate for a set term. All of our CDs are FDIC insured up to the maximum amount allowed by law.
Minimum Opening Deposit:
$500.00
Terms:
30 days to 5 years
Features:
- Various terms available
- Competitive interest rates
- Auto Renewable
- Ten (10) day grace period at renewal
Rates, Early Withdrawal Penalty and Other Restrictions
Please contact our branch representative for more information, including current interest rates, fees, and restrictions for our personal Certificate of Deposit account.
Benefits You Can Expect
A Good Financial Choice
Applying for a Certificate of Deposit is easy. Visit a Gateway Bank branch, at one of our two locations, and speak with one of our representatives to obtain the details. There are a lot of good reasons to open a CD with us. Not only is your account FDIC insured, but the interest in your account will grow with our competitive interest rates. Our CD accounts are flexible so you can choose your term and plan the CD maturity date around life events so your money is available when you need it most.
Frequently Asked Questions
We encourage you to allow your CD to reach the full term you selected to maximize your interest earnings. However, we understand that emergencies or unexpected life events can occur. Should you need access to your funds before the CD matures, your money will be available. Please note that early withdrawals may be subject to an Early Withdrawal Penalty, which could reduce some or all of your earned interest and, in certain cases, your principal.
Interest rates may vary by term. Please visit one of our two Gateway Bank branch locations and speak with one of our representatives to learn more.
Gateway Bank has CD’s with terms from 30 days to 5 years. Our CD interest rates are fixed for the CD term. Please visit one of our two Gateway Bank branch locations and speak with one of our representatives to learn more.
Join us today
At Gateway Bank, you’re treated like family. Whether you are looking for reliable banking options for yourself or your business, financing for your home, or IRA and CD accounts, stop by or give us a call. We’ll be delighted to serve you.