Dedicated to Deposits: Deals, Data, and Discussion

6.00% 7-Month CD at a Credit Union Open to All (NASA FCU).

POSTED ON BY

NASA Federal Credit Union is offering a special 6.00% APY 7-month certificate. The minimum deposit is $5K and the money must be new to the credit union. The offer ends on 9/30/2006.

The credit union also just started offering a new program for its Visa Check Card that pays 5 cents per signature transaction or 2 cents per PIN transaction. The reward is capped at $250/year and will disburse automatically at the end of each year. This seems better than WAMU's debit card program.

In addition to many select employee groups, the credit union's field of membership includes several associations in which anyone can join. The National Space Society is one. The general membership cost is $20. Membership application for the credit union can be done online or can be printed and mailed. A $5 minimum deposit to your savings account is required for membership.

Branches are located in Maryland, Washington DC and Virginia.

The credit union is NCUA insured. It has $763 million in assets and over 65K members.

Credit for this find goes to the FW CD thread.

Comments
4 comments.
Comment #1 by ThinkSmart (anonymous) posted on
ThinkSmart
THis seems like a pretty good deal. DO they have a history of high rates? I mean is it worth it to spend $20 to become a member and earn the 6% ? I mean world Savings is offering a 6.01% 15 month term righjt now as well.

1
Comment #2 by Anonymous posted on
Anonymous
Does anyone know if they do a hard credit pull?

1
Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
Thinksmart, this might be a good option for those who want a shorter term than the 15-month World Savings CD. You will need a substantial deposit to make up for the $20 membership fee. If you have a deposit of under $7K, you'll be better off with a 5.50% APY 6-month CD at Citibank or AmTrustDirect.

Not sure about the hard credit pull. I just sent them an email asking about this.

1
Comment #4 by Anonymous posted on
Anonymous
This seems to be the best deal out there for below 12 months. Does anyone know if I can fund this by ACH transfer from ING/Virtual Bank etc. Mailing a check for a large amount would make this not so hot. Anyone finished opening the account yet?

1