Windsor Locks FCU (CT) Ups Rate On 5-Year CD and Jumbo CD


Deal Summary: 5-year Jumbo Term Share Certificate (2.42% APY, $100k) and 5-year Term Share Certificate (2.27% APY, $500), available through April 18, 2017.

Availability: Residents of Hartford County, Connecticut.

Now through April 18, 2017 (this year's tax filing deadline), Windsor Locks Federal Credit Union (WLFCU) is offering special rates on its 5-year Jumbo Term Share Certificate (2.42% APY, $100k) and 5-year Term Share Certificate (2.27% APY, $500).

The 5-year Certificates are also available as IRAs (Traditional, Roth, and CESA), earning the same APYs with the same funding requirements.

As stated on the Rates page, the Early Withdrawal Penalty (EWP) reads as follows:

For any Term Share Certificate account, the penalty we may impose for early withdrawal
will equal six months (180 days) dividends on the amount withdrawn subject to penalty.

The relatively mild 180-day EWP increases the intrinsic value of the 5-year Jumbo Term Share Certificate. DA’s Early Withdrawal Penalty Calculator can easily determine the effective yields (in monthly increments) when closing the 5-year Jumbo Term Share Certificate begore maturity. For example,

  • 1.23% APY, closed at Year 1
  • 1.63% APY, closed at Year 1.5
  • 1.84% APY, closed at Year 2
  • 2.05% APY, closed at Year 3
  • 2.14% APY, closed at Year 4


Headquartered in Windsor Locks, Connecticut, Windsor Locks Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in Hartford County, Connecticut, eligible to join.

Joining Windsor Locks FCU and/or opening a Term Share Certificate can be done at the sole branch, located on Spring Street in Windsor Locks.

The Credit Union has an “online” membership application, which just collects basic personal information.

Upon submission of this application, a Credit Union Representative will contact you by the next business day to determine how you would like to complete the steps to finalize your account.

Credit Union Overview

Windsor Locks Federal Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 9.48% (excellent) based on December 31, 2016 data. In the past year, WLFCU has increased its total non-brokered deposits by $2.83 million, an excellent annual growth rate of 6.06%. Please refer to our financial overview of Windsor Locks Federal Credit Union (NCUA Charter # 3757) for more details.

Originally chartered in 1940, Windsor Locks Federal Credit Union is currently Connecticut’s 29th largest credit union. The Credit Union (and the town of Windsor Locks) is named for a set of Connecticut River canal locks that opened in 1829.

How the Term Share Certificates Compares

When compared to the 237 similar length-of-term CDs tracked by that are available within the FOM, Windsor Locks Federal Credit Union’s 5-Year Jumbo Term Share Certificate APY currently ranks second, regardless of minimum deposit.

The above rates are accurate as of 3/25/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.


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