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Westerra Credit Union

Money Markets, CDs and IRAs

Share Savings Accounts

This account establishes your membership in the credit union. Once you open your Share Savings Account with a minimum deposit of $5, you have access to all Westerra products and services. Use your share savings account to save for your goals--a vacation, a new car, education, a down payment on a home or those other special purchases. Get in the habit of saving regularly by setting up automated deposits into your Westerra accounts using the Westerra Direct Deposit Form.

Money Market Accounts


Earn higher interest rates on your investment dollars while keeping your money accessible.  Money Market Accounts offer ready access to funds like a savings account, while paying higher rates like a CD. The greater your account balance, the more interest you will earn. Interest is computed daily and paid monthly. Interest earned is based on account balance. No interest will be earned for those days after the account falls below $1,000. 
View Rates and Tiers


Earn even higher dividends in our Preferred Money Market Account if you have a Westerra Preferred Checking Account and maintain your minimum balance. It's a boost of 5 additional basis points!  View Rates and Tiers

Certificates of Deposit (CDs)

With terms from 3 to 60 months, a low minimum deposit of $500, and interest paid monthly*, opening a CD is a great option for saving and growing your money. View CD rates.

Upon maturity, certificates are renewed automatically for the same term and at the current rate, unless you specify otherwise. To open a CD, give us a call at 303-321-4209, visit any Westerra branch or contact us through Online Banking.

*Interest can be deposited directly into your Certificate of Deposit or Share Savings Account, or it can be mailed to you in check form. Early withdrawal penalties apply. This penalty may reduce earnings.

Individual Retirement Accounts (IRAs)

Help your financial security in retirement by opening an IRA. View IRA rates.

Traditional IRAs*

Our IRAs offer:

  • No annual administrative fees
  • Penalty-free withdrawals for:
    • Qualified educational expenses
    • First time home purchase
    • Reaching age 59-1/2
    • If you become disabled
    • Qualified medical expenses
    • Payment to beneficiaries at IRA owner's death
    • Health insurance premiums while unemployed

Note: Withdrawal of earnings and deductible contributions may result in taxable income.

Roth IRAs*

Money you contribute has already been taxed, so the principal amount is never subject to taxes or penalties in the future as long as you stay within the contribution guidelines. This plan allows the money you contribute to grow tax-deferred.

*Please consult your tax advisor

Frequently Asked Questions About IRAs

Federally Insured By NCUA

Deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the U.S. government. IRAs are insured up to an additional $250,000. Use the NCUA's Deposit Insurance Calculator to learn how share insurance rules apply - what's insured and what portion (if any) exceeds coverage limits.

Other Savings Accounts

Holiday Club Account

Save money for holiday shopping, traveling or dining. Make deposits through payroll deduction and deposit additional cash at any time.  Funds are automatically transferred to your Share Savings Account or Checking Account on October 31 of each year. If you prefer, a check for the amount can be mailed to you.  Interest is computed daily and paid monthly. Your account remains open for future deposits after funds are distributed each year, unless you specify otherwise.

Coverdell Education Savings Account*

Formerly the Education IRA, this account can be established for the purpose of paying qualified elementary, secondary or higher education expenses of a designated child. It allows you to contribute into the account with tax-free dollars and earnings grow tax-deferred. We offer non-tax-deductible contributions and tax-free earnings if earnings are used for higher education expenses.

*Please consult your tax advisor

Move Your Money Local

Looking for a Colorado savings bank or credit union? Westerra is a local member-owned financial cooperative.