Dedicated to Deposits: Deals, Data, and Discussion

6.05% 12-Month CD at a Virginia CU (NMA)

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NMA Federal Credit Union has a special 12 month certificate with a yield of 6.05% APY. The minimum deposit is $10,000, and it requires new money. It also requires a $250 deposit to a new checking account or new direct deposit. Without the new checking account or new direct deposit, the APY is 5.85%.

In May I reported on NMA's 5.50% APY 34-month CD special. This is still listed in their rate table.

Field of membership includes those who work, live, worship or go to school in Norfolk or Virginia Beach or are connected with the former Navy Public Works Center, the military or a number of private companies. Membership requires a minimum $5 deposit in the savings account.

The credit union is federally insured by the NCUA (Charter # 13491). It has $53.7 million in assets and 7,613 members.
  Tags: Virginia, CD rates

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