SuperMoney
  Wings Financial Credit Union 5 Year Step-Up Certificate

Wings Financial Credit Union 5 Year Step-Up Certificate

in CD Accounts from Wings Financial Credit Union · ncua

Unaffiliated

Wings Financial Credit Union 5 Year Step-Up Certificate

Unaffiliated

in CD Accounts from Wings Financial Credit Union · Insured by NCUA

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Wings Financial Credit Union 5 Year Step-Up Certificate to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Minimum Opening Deposit Starting at $500
Certificate Term 5 years
APY (Annual Percentage Yield) 0.90% - 1.06%

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, a 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.

Key Takeaways
  • Only one CD account type available. Wings Financial CD only offers bump up 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 certificate account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the certificates 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 certificate ladder.
Pros & Cons of Wings Financial Credit Union 5 Year Step-Up Certificate
Pros Cons
  • Insured by NCUA.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in 3 states.
  • Poor selection of certificate terms.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
Wings Financial Credit Union 5 Year Step-Up Certificate FAQ

Are cd accounts from Wings Financial Credit Union federally insured?

Yes, your Wings Financial Credit Union cd accounts 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 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.
  • Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.

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 terms does Wings Financial CD offer?

Wings Financial Credit Union offers CD terms of the following lengths:
Wings Financial Credit Union 5 Year Step-Up Certificate Rates & Terms
Description
5-Year APY 0.90% - 1.06%
APY (Annual Percentage Yield) 0.90% - 1.06%

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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Wings Financial Credit Union 5 Year Step-Up Certificate

Make an investment for the future with Wings’ Certificates. Take advantage of a locked in rate and term with Wings Financial’s certificates. With terms from three months to five years, our certificates give you a safe, secure investment option. Wings’ certificates can help you earn more return on your investment than traditional savings accounts. A certificate could be right for you if you have savings that can be set aside for a period of time without withdrawals. You choose the terms that work best for you, from as little as three months to as long as five years. 

Promotional Share/IRA Step-Up Certificates may be stepped-up one time. The step up rate will be determined by the current 5 year standard term certificate rate and will apply to the remaining term of the certificate. 

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 $500
5-Year APY 0.90% - 1.06%
APY (Annual Percentage Yield) 0.90% - 1.06%
CD Accounts Bump Up
Grace Period for Account Changes 10 days
Certificate Term 5 years

Be the first to rate

 

Would you recommend Wings Financial Credit Union 5 Year Step-Up Certificate to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other CD Accounts

Wings Financial Credit Union CD Accounts

Loading...