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  Wings Financial Credit Union Money Market Account

Wings Financial Credit Union Money Market Account

in Money Market Accounts from Wings Financial Credit Union · Member ncua

Unaffiliated

Wings Financial Credit Union Money Market Account

Unaffiliated

in Money Market Accounts from Wings Financial Credit Union · Member NCUSIF

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Highlights
APY (Annual Percentage Yield) 0.15% - 0.25%
APY Minimum Balance $5,000
Minimum Opening Deposit Starting at $5,000

Wings Financial Credit Union Money Market Account Review

Wings Financial Credit Union Money Market Account is offered by Wings Financial Credit Union, a credit union founded in 1938 and based in Apple Valley, MN. Wings Financial Credit Union Money Market Account is available in 2 states across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.25%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $5000.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • High minumum deposit. You must deposit a minimum of $5,000, which is high compared to most money market accounts.
Pros & Cons of Wings Financial Credit Union Money Market Account
Pros Cons
  • Generous dividends.
  • Does not offer mobile check deposits.
  • Deposits are insured by the NCUA (up to $250K).
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide a debit card.
  • Not FDIC-insured.
  • Only available in 2 states.
Wings Financial Credit Union Money Market Account FAQ

Are money market accounts from Wings Financial Credit Union federally insured?

Yes, your Wings Financial Credit Union money market accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 are the dividends for Wings Financial money market rates?

Wings Financial money market offers an APY starting at 0.15% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $5000.

Wings Financial money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.15% - 0.25%

What are the fees for Wings Financial Credit Union Money Market Account?

Wings Financial Credit Union Money Market Account does not charge a monthly maintenance fee.

Wings Financial Credit Union will charge you a $20 fee if you exceed your maximum number of monthly transactions.

Wings Financial Credit Union Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A
Excess Transaction Fee $20

What is the minimum balance for Wings Financial money market?

Minimum deposit of $5,000. You must make an initial deposit of at least $5,000 to open this account.

Interest rate minimum balance of $5,000. You must keep the account balance above $5,000 to earn interest.

What features and perks does Wings Financial money market offer?

This account includes the following features:

  • Fraud monitoring - Wings Financial Credit Union monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Wings Financial money market allows you to manage your money through online banking and a dedicated mobile app.

How to open an account with Wings Financial Credit Union

  • Visit the Wings Financial Credit Union website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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.

Contact

  • Headquarters
  •   14985 Glazier Ave, Ste. 100
    Apple Valley, MN
  •   Visit Site

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

Availability

  Available in 2 states
  • Minnesota
  • Washington

Feature Breakdown

APY Minimum Balance $5,000
Minimum Balance to Avoid Monthly Fee $0
Minimum Opening Deposit Starting at $5,000
Monthly Fee $0
Bank Account Features
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • NCUA Member
  • Branch Access
APY (Annual Percentage Yield) 0.15% - 0.25%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly
Dividend Rate 0.15% - 0.25%

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