Money Market Rates at Wings Financial: 1.71% APY to 2.02% APY (5k Min.)

by Sky on January 19, 2010

Wings Financial Credit Union offers high money market rates that starts at 1.71% APY for deposits of $5K to $50K, 1.87% APY for $50K to $100K, and the top interest rate of 2.02% APY for deposits of $100K or more.

To enjoy the competitive interest rates members can open a money market account for as low as $5,000. These can also be set up as IRAs. The current money market rates are posted on the credit union’s website as of January 13, 2010 but this may change at any time.

Like other money market deals, withdrawals have a set monthly limit of six transactions. Three of these can be checks.

Interested individuals can complete an online application and submit it to the credit union by visiting one of their offices. You can also phone their customer service at 800-692-2274, and choose option 2 for application inquiries.

The credit union has around 18 branches located in California, Washington, Tennessee, Minnesota, Hawaii, Georgia, and Michigan.

The website of Wings Financial does not detail the charges that you might incur for the money market account. It's a good idea to contact them and ask them about fees or any other concerns prior to opening a money market account.

Membership to the Wings Financial Credit Union, like the name implies, is open for those who are active or retired personnel of any air transport related job. You can be eligible because of your employment or possible family affiliation. For those who do not have an account with the union and want to sign-up, there is an online membership application that you can use.

Wings Financial has about 120,000 members and declared assets of about $2 billion. The credit union is listed with the NCUA and covered by their charter number 24351.

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