Dedicated to Deposits: Deals, Data, and Discussion

High CD Rates at Northrop Grumman FCU (Easy Membership)

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Northrop Grumman Federal Credit Union
Northrop Grumman Federal Credit Union (NGFCU) has recently bumped up their certificate rates. The best rate for a minimum deposit of $40K is 5.51% APY for a 60-month term. The yield on the 6-month term is just a bit lower at 5.46% APY. Rates for a minimum deposit of $2,500 are about 25 basis points lower. Similar rates are available for IRA's. Below is the list of APY's for both the $2.5K minimum and $40K minimum deposits:

CD Term APY APY
$2.5K min $40K min
6 month 5.20% 5.46%
12 month 5.16% 5.42%
24 month 5.03% 5.29%
30 month 5.06% 5.33%
36 month 5.08% 5.35%
48 month 5.17% 5.43%
60 month 5.25% 5.51%

Please see my May NGFCU post for more information on NGFCU, these CDs and how to qualify for membership. 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.

NGFCU has branches in several cities of California, Illinois, Maryland, Virginia, Louisiana and Florida.

The credit union is federally insured by the NCUA (Charter # 24292). It has $603.1 million in assets and over 49,426 members.

  Tags: CD rates, IRA rates, Northrop Grumman Federal Credit Union

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