Fairwinds Credit Union is the most prominent name in the field of finance and investment. The objective of the authenticity is bound to the productivity for the investment ans. These are the CD rates offers which are the greatest attraction in Fairwinds Credit Union. 

To provide you deeper approach to Fairwinds Credit Union CD Rates, here is the most comprehensive guide depicted below;

Fairwinds Credit Union CD Rates Offers 

The most competent offers of Fairwinds Credit Union CD Rates are;

7-Month CD Special

  • Minimum to Open: $1000
  • APY: 5.00%
  • Early Withdrawal Penalties: May apply*

Considerations: This CD offers a competitive APY for a relatively short term of 7 months. It requires a minimum deposit of $1000 and has the potential for early withdrawal penalties. No monthly service charges make it an attractive option for short-term savings.

Pros & Cons

ProsCons
Competitive 5.00% APYEarly withdrawal penalties
$1000 minimum to open

7-Month CD Special with Signature Credit Card

  • Minimum to Open: $1000
  • APY: 5.25%
  • Early Withdrawal Penalties: May apply*

Considerations: This option provides a slightly higher APY of 5.25%, making it an attractive choice for those willing to link it with a Signature Credit Card. It shares similar features with the standard 7-month CD special, such as the minimum deposit requirement and the potential for early withdrawal penalties.

Pros & Cons

ProsCons
Higher 5.25% APYEarly withdrawal penalties
Linked with Signature Credit Card

6-Month Add-On CD

  • Minimum to Open: $1000
  • APY: 1.00%
  • Early Withdrawal Penalties: May apply*

Considerations: The 6-month Add-On CD offers a lower APY of 1.00%, but its unique feature is the ability to make unlimited deposits during the 6-month term. This could be beneficial for those who want flexibility in adding to their CD over a short period.

Pros & Cons

ProsCons
Unlimited deposits during the termEarly withdrawal penalty apply
Lower 1.00% APY

12-Month Add-On CD

  • Minimum to Open: $1000
  • APY: 1.60%
  • Early Withdrawal Penalties: May apply*

Considerations: With a higher APY of 1.60%, the 12-month Add-On CD provides a slightly better return over a longer period. Similar to the 6-month Add-On CD, it allows unlimited deposits during the 12-month term, offering flexibility for those who want to contribute to their savings throughout the duration.

Pros & Cons

ProsCons
Higher 1.60% APY$1000 minimum to open

How do Fairwinds Credit Union CD Rates Compare?

Fairwinds Credit Union CD rates compare favorably in the market, offering competitive Annual Percentage Yields (APYs) across various terms. The 7-month CD Special stands out with a 5.00% APY, providing an attractive short-term option for savers. Additionally, the 7-month CD Special with Signature Credit Card offers an even higher 5.25% APY, making it a compelling choice for those seeking enhanced returns in conjunction with a credit card relationship.

For those preferring flexibility, Fairwinds Credit Union provides Add-On CDs with a 6-month term offering a 1.00% APY and a 12-month term boasting a 1.60% APY. These Add-On CDs allow unlimited deposits during their respective terms, catering to individuals who wish to incrementally build their savings.

Fairwinds Credit Union’s commitment to customer value is evident in the absence of monthly service charges across all CD options, making it an appealing choice for those seeking transparent and cost-effective savings solutions. With a $1000 minimum to open, these CDs are accessible to a wide range of investors.

While specific terms and conditions may vary, Fairwinds Credit Union’s CD rates, combined with their customer-centric features, position them competitively within the financial landscape, providing a reliable avenue for individuals to grow their savings with confidence.

Overview Fairwinds Credit Union 

Fairwinds is there to help its members reach financial freedom, provide sound financial advice, help members eliminate debt, gain wealth, and more. The bank helps its members save by providing them with customized savings plans to help get them to their financial goals. Using a Goal Savings Calculator they can calculate and work out a plan for each individual.

In terms of eliminating debt, Fairwinds has got you covered. They will also work with you to help you come up with a plan to pay off all of your debts once and for all. They’ll even help you make a plan with detailed payment amounts and more.

If you have a milestone you want to reach like paying off your car or home, Fairwinds can help you with that too. Aside from helping their members, Fairwinds also helps out the community by encouraging their employees and members to volunteer. You can even look for volunteer opportunities on their website.

You can search for volunteer options based on your skills or when you have time.

Availability

You must be a member of the Fairwinds to open a CD. This means that you will need to open a checking or savings account. In order to do this you will need to go to the bank in person or call the bank for more information.

Locations Fairwinds Credit Union 

Branches in Florida

The branches in Florida are:

Altamonte Springs, Apopka, Clermont, Deland, Deltona, Edgewater, Kissimmee, Lake Mary, Leesburg, Longwood, Mt. Dora, New Smyrna Beach, Orange City, Orlando, Ormond Beach, Oviedo, Sanford, Winter Garden, Winter Park, and Winter Springs.

Frequently Asked Questions

What is the minimum deposit required to open a Fairwinds Credit Union CD?

$1000 is the minimum deposit required to open a Fairwinds Credit Union CD.

Are there monthly service charges associated with Fairwinds Credit Union CDs?

No, there are no monthly service charges for Fairwinds Credit Union CDs.

Can I make early withdrawals from Fairwinds Credit Union CDs, and are there penalties?

Yes, early withdrawals are possible, but penalties may apply.

What makes the 7-month CD Special with Signature Credit Card unique?

This CD offers a higher APY of 5.25% and is linked with a Signature Credit Card, providing an opportunity for enhanced returns.

Do Fairwinds Credit Union Add-On CDs allow additional deposits during the term?

Yes, both the 6-month and 12-month Add-On CDs permit unlimited deposits during their respective terms, offering flexibility for savers.