Dedicated to Deposits: Deals, Data, and Discussion

5.59% 6-Month CD at Northrop Grumman FCU (Open to All)

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Northrop Grumman Federal Credit Union continues to have high rates on all of their CD terms. The best deal is a 5.59% APY 6-month certificate of deposit. The minimum is $40K. A smaller APY of 5.33% is available for a minimum deposit of $2.5K. Below is the full list of yields and terms:

CD Term APY APY
$2.5K min $40K min
6 month 5.33% 5.59%
12 month 5.34% 5.60%
24 month 5.34% 5.60%
30 month 5.32% 5.59%
36 month 5.30% 5.57%
48 month 5.29% 5.55%
60 month 5.28% 5.55%

I had first reported on this credit union in May. Another thing to note about the credit union is very high long-term IRA CD rates which are as high as 6.60% APY for a 5-year IRA CD with a $40K minimum. The APY for a $2K minimum is 6.34% APY.

In addition to employees of Northrop Grumman, the credit union's field of membership includes members of the Southern California Historical Aircraft Foundation. The credit union allows you to join this foundation concurrently with your membership to the credit union. The minimum payment is $15 which includes a one year membership to this foundation, a one-time fee for the credit union and an initial deposit of $5 to open a regular share account.

The credit union has branches in several cities of California, Illinois, Maryland, Virginia, Louisiana and Florida.

The credit union is NCUA insured. It has $538 million in assets and over 50,000 members.

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