Dedicated to Deposits: Deals, Data, and Discussion

5.80% 7-Month CD at Credit Union Open to All (NASA FCU)

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NASA Federal Credit Union is offering a special 5.80% APY 7-month certificate. The minimum deposit is $15K. You are required to have or open an eligible checking account. Eligible accounts include those with eChecking or an active direct deposit in either a Free With Direct Deposit Checking or a VIPs Checking.

This special is not as good as their 6% 7-month special that ended in September. But the CD rate is higher than what's nationally available at the banks.

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.


Comments
5 Comments.
Comment #1 by Ted (anonymous) posted on
Ted
Unfortunately, even the eChecking isn't completely free, because you have to "pay minimum of three (3) bills per month using Online Bill Pay, otherwise a fee applies."

Since I don't even have 3 bills per month to pay, this means I'd pay a fee.

Alas, not worth it for the extra 0.15% or so.

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Comment #2 by Anonymous posted on
Anonymous
You can also get free checking if you have direct deposit

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Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
NASA FCU experiences from a commenter from another post:

NASA FCU is currently offering 5.8% apy for $15k and above. You do have to open a share account and free checking acct to take the CD but I did that with $25 in each of those accounts. To join the Credit Union, you just need to join the National Space Society for $18 to be qualified. I like the space program, so I did not mind making that 1 time donation which is partially tax deductable.

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Comment #4 by Anonymous posted on
Anonymous
This offered has expired.

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Comment #5 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. Hopefully, they'll come out with another good special before long.

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