Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Starting at 4.01%(Verified 06/21/2024)
Minimum Opening Deposit
$100 - $2,000
Certificate Term
- 6 months
- 12 months
Wildfire CU Youth CD Review
Wildfire CU Youth CD are offered by Wildfire Credit Union, a credit union founded in 1937 and based in Saginaw, MI. Wildfire CU Youth CD are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Only one share certificate type available. Wildfire CU Youth CD only offers traditional share certificate accounts.
- Small minimum initial deposit. You only need $100 to open an account.
- Limited selection of share certificate terms. Wildfire CU Youth CD only offers two share certificate terms. This limits your options when trying to set up a certificate ladder.
Pros & Cons of Wildfire CU Youth CD
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Wildfire CU Youth CD FAQ
Are share certificates from wildfire credit union federally insured?
Yes, your share certificates are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
What is the difference between CDs and Share Certificates?
Certificates of Deposit (CDs) and Share Certificates are both deposit accounts where your money can grow at a fixed rate for a predetermined period of time. Both are low-risk and federally insured products designed to give you a better rate on your deposits than typical savings accounts. The main difference between them is that CDs are offered by for-profit banks, whereas Share Certificates are offered by member-owned, not-for-profit credit unions.
What types of share certificates does Wildfire Credit Union offer?
Wildfire CU Youth CD provides the following types of share certificates.- Traditional share certificates. These share certificates pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the share certificate for another term.
What rates does Wildfire Credit Union offer on its share certificates?
Wildfire CU Youth CD offers an APY starting at 4.01% . APY stands for annual percentage yield and shows the interest rate paid by the share certificate after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.
What terms does Wildfire CU Youth CD offer?
Wildfire Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
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| 12-Month APY | Starting at 4.11% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | Starting at 4.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | Starting at 4.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with Wildfire Credit Union?
Wildfire CU Youth CD require a minimum deposit of $100 to open an account.
What is the grace period for Wildfire CU Youth CD?
Wildfire CU Youth CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your share certificate without paying an early withdrawal penalty. A grace period starts the day after a share certificate’s maturity date, or the final day a share certificate is opened. Standard share certificates renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new share certificate rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Wildfire Credit Union charge?
Financial institutions don't typically charge many fees on share certificates. However, most charge a fee if you choose to withdraw your money before the term ends.
Wildfire Credit Union charges an early withdrawal fee.
Wildfire Credit Union does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:30PM
Tuesday
9:00AM - 5:30PM
Wednesday
9:00AM - 5:30PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 6:00PM
Saturday
Closed