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  Wings Financial Credit Union Certificate of Deposit

Wings Financial Credit Union Certificate of Deposit

in CD Accounts from Wings Financial Credit Union · ncua

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Wings Financial Credit Union Certificate of Deposit

Unaffiliated

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

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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.15% - 1.41%

Wings Financial Credit Union Certificate of Deposit Review

Wings Financial Credit Union Certificate of Deposit is offered by Wings Financial Credit Union, a credit union founded in 1938 and based in Apple Valley, MN. Wings Financial Credit Union Certificate of Deposit is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 1.41%, 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.
  • Wide selection of certificate terms. Wings Financial CD allows you to create a certificate ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Wings Financial Credit Union Certificate of Deposit
Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • Available in all 50 states.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • There isn't a no-penalty certificate option.
Wings Financial Credit Union Certificate of Deposit 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.
  • Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Wings Financial CD offers a CD that is specifically for retirement.

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

Wings Financial CD offers an APY starting at 0.15% and ranging up to 1.41%. 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 Certificate of Deposit Rates & Terms
Description
2-Year APY 0.7% - 0.85%
3-Month APY 0.15% - 0.3%
3-Year APY 0.85% - 1%
4-Year APY 0.95% - 1.11%
5-Year APY 1.1% - 1.41%
6-Month APY 0.3% - 0.45%
12-Month APY 0.55% - 0.7%
APY (Annual Percentage Yield) 0.15% - 1.41%

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.

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Message From Wings Financial Credit Union Certificate of Deposit

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.

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

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View all cd accounts offered by Wings Financial Credit Union

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.7% - 0.85%
3-Month APY 0.15% - 0.3%
3-Year APY 0.85% - 1%
4-Year APY 0.95% - 1.11%
5-Year APY 1.1% - 1.41%
6-Month APY 0.3% - 0.45%
12-Month APY 0.55% - 0.7%
APY (Annual Percentage Yield) 0.15% - 1.41%
CD Accounts
  • IRA
  • Jumbo
  • Traditional
Grace Period for Account Changes 10 days
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

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