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Accounts at Wakota FCU

Low or no fees, easy access, and account choices to fit your needs.

Wakota wants to help enrich your life, and that starts with an account relationship. We offer flexible checking and savings options to fit your lifestyle and help you achieve financial stability- ranging from totally free to specialized accounts- you’re guaranteed to find the perfect fit.

Apply for membership or a new account today.

  • OnlineApply here.
  • By Phone: Call 651.451.3330
  • In Person
  • If you’re already a member, you can add different types of accounts right through your online banking. 


Your Savings Are Secure

Your savings are insured by the NCUA up to $250,000 per person. You have up to $500,000 coverage on a joint account. This insurance is provided by the National Credit Union Administration (NCUA), an official U.S. Government agency. To find out how much insurance coverage you have, use the free NCUA Share Insurance Calculator.

No other checking account matches the convenience of our Wakota Basic Checking. There are no monthly fees, check clearing fees or limits and no minimum balance is required. Enjoy the no frills checking.

Basic Checking includes:

  • No minimum balance
  • No monthly maintenance fees
  • Online and mobile banking with mobile deposit
  • FREE debit card
  • FREE Bill Pay
  • FREE eStatements
  • Ready Credit Overdraft Protection (must qualify)
  • Online Check Reorders
  • Easy Deposit Access
    • Direct Deposit
    • Mail
    • Night Depository
    • Drive-up

The Checking Plus rewards you for maintaining a higher account balance by earning tiered dividends. This account features no monthly service fees and is different from the Basic Checking due to the earned tiered dividends and discount on consumer loans.

*To qualify for this account type, you must have eStatements, Direct Deposit and Debit Card transactions. 

Checking Plus includes:

  • No monthly minimum balance
  • No monthly maintenance fee
  • Online and mobile banking with mobile deposit
  • Earn tiered dividends*
  • FREE debit card
  • FREE eStatements
  • FREE Bill Pay
  • Up to .25% rate reduction on consumer loans (must qualify)
  • Ready Credit Overdraft Protection (must qualify)
  • Direct deposit
  • Online Check Reorders
  • Easy Deposit Access
    • Direct Deposit
    • Mail
    • Night Depository
    • Drive-Up
*Certain restrictions apply. Dividends earned on balances of $500 and above. 
Switch Kit

Switching to a checking account from Wakota FCU is easy! Just follow these 4 simple steps

  1. Open a Wakota checking account through online banking if you already have an account or through this link if you are a new member
  2. Switch your direct deposit.
    • Payroll
    • Social Secuity
    • Dividends
    • Pension Checks
  3. Switch your automatic payments.

    Don’t forget online bill pay, checking account and debit card automatic payments.

    • Auto Loan/ Credit Card Payments
    • Home Loan/ Rent
    • Cell Phone
    • Insurance
    • Childcare
    • Utilities
  4. Close your old account.

    Don’t forget to make sure all checks and automatic payments have cleared.

    Bring in your old checks and debit card – we’ll destroy for FREE. 

As a not-for-profit financial institution, Wakota FCU is proud to return our profits to member-owners in the form of fewer fees, higher savings yields, and lower loan rates. Make the switch today!

Silver Service

Our Silver Service club is open to members who are ages 55 and older.

Silver Service club members receive:
  • Three free money orders per month
  • One free box of checks per year
  • Half-price safe deposit box rental on certain sizes

Kids’ Club

A great way to teach kids 12 and under the importance of savings and managing money.

Kids' Club members receive:
  • Minimum deposit of only $5
  • Earned interest/ dividends
  • Youth certificates minimum deposit of only $100
  • Birthday surprise
A daily interest savings account that not only earns you interest but also ownership in Wakota Federal Credit Union. A deposit in a newly opened Primary Share Savings account makes you more than a customer- you are a member-owner!

This savings type may also be duplicated to have more than one Regular Shared Savings accounts (a useful technique to save for different reasons).

This account type offers:

  • Minimum opening deposit/ balance and membership share of ONLY $5.
  • Additional Regular Shared Savings only require $1 to open.
  • Dividends with a $100 average daily balance, paid quarterly.

Save $$ and you could win monthly, quarterly, AND annual prizes! Click the next tab to see this year’s winners!WINCentive Logo Color- Web

Available exclusively to credit union members, WINcentive Savings offers monthly, quarterly, and annual prize drawing entries for every $25 you save (up to 4 entries per month)*. Prize drawings occur monthly, quarterly and annually – so the more you save, the more chances you have to win! Cash prizes range from $100-$5000!

The WINcentive Account offers a higher rate than our shared savings accounts. It works much like an old-fashioned holiday club account in which you commit to save for a 12-month period with no cash withdrawals. As a reward for savings, you have the opportunity to win cash prizes on top of what you earn in your savings account!

To find out even more about the WINcentive Savings, click here.

WINcentive Savings from Minnesota Credit Union Network on Vimeo.

*Account holders may win more than one prize category (monthly, quarterly, or annual) within the same year.

**Prize amounts are estimates and may be changed from time to time.

A Money Market accounts offers long-term yields like a certificate, with flexible access like a regular savings account.

  • Minimum balance to open of $1
  • Higher tiered dividends on balances of $2,500 or more, paid monthly

An excellent return on your investment. Choose the term that meets your needs ranging from 6 to 60 months.

  • Minimum investment of $500 or more is required to open. Maximum deposit per membership is $1,000,000.
  • Dividends are compounded and paid quarterly.
  • Don’t miss out! View our Certificate Specials.

Rates effective 7/1/2024

Certificate Rates

TermBalanceAPY* as high as
6 month term$500 or more0.75%
12 month term$500 or more1.00%
24 month term$500 or more1.25%
36 month term$500 or more1.50%
48 month term$500 or more1.75%
60 month term$500 or more2.50%

       Certificate SPECIALS

TermAPY* as high as
7 month term- NO PENALTY3.50%
13 month term5.00%
15 month term-  New Money Only **5.25%

Step-Up Certificate Rates

Step up to Wakota FCU with our STEP-UP Certificate! If rates go up, call us for a one-time rate increase.

TermAPY* as high as
36 month term- $500 or more2.00%

*APY means ANNUAL PERCENTAGE YIELD. All certificate SPECIALS have a maximum per membership deposit of $250,000 and do not automatically renew at maturity. Dividends are paid quarterly. Funds are transferred to the primary share savings account 000 at maturity. There is NO PENALTY for early withdrawal on the 7-month certificate special. Qualifying deposits must be new additions to Wakota FCU for 15-month certificate special. Call WFCU to open certificate specials and STEP-UP certificates. RATES MAY CHANGE AT ANY TIME WITHOUT NOTICE.

** NEW Money from outside of WFCU. $5,000 minimum balance to open. Penalty applies for early withdrawal.

Checking and Savings Rates

Account TypeBalanceAPY* as high as
Basic Checking$0 or more0.00%
Checking Plus$0.00 to $499.990.00%
 $500 to $2,499.993.00%
 $2,500 to $24,999.990.05%
 $25,000 or more0.05%
Shared Savings$0.00 to $99.990.00%
 $100 or more0.01%
Special Savings$0.00 to $99.990.00%
 $100 or more0.01%
Beagle Buck$ (Youth Savings)$0.00 to $99.990.00%
 $100 or more0.01%
WINcentive Savings$5 or more1.50%
Money Market$0.00 to $2,499.990.00%
 $2,500 to $24,9990.10%
 $25,000 or more0.15%

*APY means annual percentage yield. Rates and Special offers may end at any time without notice. Rates quoted are as high as and may differ based off the balance of the account. All certificates require a minimum of $500 to open unless noted otherwise. Step-up certificates allow you to increase to a higher fixed-rate one time during the 36-month term. Certificate balance is automatically renewed to the same term at maturity unless the owner takes action within the ten-day grace period. Early withdrawal penalty may apply. Certificate account dividends are compounded and paid quarterly from the date the certificate is opened. Savings account dividends are paid quarterly based on the calendar year. Dividends are paid monthly on the Checking Plus and Money Market Savings. Federally Insured by NCUA. See Credit Union for further details.


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