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Westerra Credit Union

Savings Accounts

Share Savings Accounts

This account establishes your membership in the credit union. You may open your Share Savings Account with a $5 deposit and a $5 membership fee (fee waived for those under 18). Once you open this account, you may take advantage of our many other valuable products and services.

Certificate of Deposits (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.

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.

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

IRAs at Westerra Credit Union are federally insured up to $250,000 per member by the National Credit Union Administration (NCUA), an agency of the U.S. government.  Your other deposits at Westerra are federally insured separately, up to $250,000 by the NCUA.

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

Money Market Accounts


Earn higher interest rates on your investment dollars. 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

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.