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  Wings Financial Credit Union 18-Month Special Certificate
Wings Financial Credit Union 18-Month Special Certificate Unaffiliated

Wings Financial Credit Union 18-Month Special Certificate

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Highlights
Minimum Opening Deposit Starting at $5,000
Certificate Term 18 months
APY (Annual Percentage Yield) 1% - 1.16%

Wings Financial Credit Union 18-Month Special Certificate Review

Wings Financial Credit Union 18-Month Special Certificate is offered by Wings Financial Credit Union, founded in 1938 and based in Apple Valley, MN. Wings Financial Credit Union 18-Month Special Certificate is available in 3 states across the USA.

Key Takeaways
  • Only one CD account type available. Wings Financial CD only offers CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 1.16%, which is much higher than the national average for a CD account.
  • High minimum deposit. You must deposit a minimum of $5,000, which is high compared to most CD accounts.
  • Limited selection of CD terms. Wings Financial CD only offers one CD terms. This limits your options when trying to set up a CD ladder.
Pros & Cons of Wings Financial Credit Union 18-Month Special Certificate
Pros Cons
  • High-interest yield.
  • Not FDIC-insured.
  • Only available in 3 states.
  • Poor selection of CD terms.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Wings Financial Credit Union 18-Month Special Certificate FAQ

Are cd accounts from Wings Financial Credit Union federally insured?

No, your Wings Financial Credit Union cd accounts are not insured by a federal insurance agency. This means that if Wings Financial Credit Union were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What types of CDs does Wings Financial Credit Union offer?

Wings Financial CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does Wings Financial Credit Union offer on its CDs?

Wings Financial CD offers an APY starting at 1% and ranging up to 1.16%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Wings Financial CD offer?

Wings Financial Credit Union offers CD terms of the following lengths:
Wings Financial Credit Union 18-Month Special Certificate Rates & Terms
Description
APY (Annual Percentage Yield) 1% - 1.16%

What is the minimum deposit to open a CD account with Wings Financial Credit Union?

Wings Financial CD requires a minimum deposit of $5,000 to open an account.

What is the grace period for Wings Financial CD?

There is a 10-day grace period for Wings Financial CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Wings Financial CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Wings Financial Credit Union does not charge an early withdrawal fee.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday 9:00am - 1:00pm

Other Services by Wings Financial Credit Union

Icon for CD Accounts
View all cd accounts offered by Wings Financial Credit Union

Availability

  Available in 3 states
  • Minnesota
  • Washington
  • Wisconsin

Feature Breakdown

Minimum Opening Deposit Starting at $5,000
APY (Annual Percentage Yield) 1% - 1.16%
CD Accounts Traditional
Grace Period for Account Changes 10 days
Certificate Term 18 months

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