Wings Financial Credit Union 5 Year Step-Up Certificate

Wings Financial Credit Union 5 Year Step-Up Certificate Review

Wings Financial Credit Union 5 Year Step-Up Certificate is offered by Wings Financial Credit Union, founded in 1938 and based in Apple Valley, MN. Wings Financial Credit Union 5 Year Step-Up Certificate is available in 3 states across the USA.

• 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 1.06%, which is much higher than the national average for a CD account.
• $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
• 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.

Are cd rates from Wings Financial Credit Union federally insured?

No, your Wings Financial Credit Union cd rates 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?

• 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 0.90% and ranging up to 1.06%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

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

Wings Financial CD requires a minimum deposit of $500 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.