Dedicated to Deposits: Deals, Data, and Discussion

3.50% 18-Month CD at NASA Federal Credit Union - Easy Membership


NASA Federal Credit Union
NASA Federal Credit Union has come out with a February certificate special. It offers a 3.50% APY 18-month certificate. This requires that you have a NASA Federal checking account with a direct deposit of at least $500. Without the direct deposit, the rate goes down to 3% APY. Minimum deposit is $2,000. This special is listed on the credit union's home page and in this promotional page as of 2/2/2009.

In addition to many select employee groups, the credit union's field of membership includes several associations in which anyone can join. A reader in my previous post noted that they've added a new association (American Consumer Council). This is free to join, and you can join at this credit union page. A $5 minimum balance to your savings account is required for credit union membership. Readers have mentioned in this July 2007 post that the online application requires a minimum $25 deposit to fund electronically.

Commenters in past NASA Federal posts have mentioned that NASA Federal has done hard credit pulls via Equifax (which will slightly ding your credit score) during account opening.

Branches are located in Maryland, Washington, DC and Virginia.

NASA Federal continues to have strong ratings for safety and soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Both are based on 9/30/08 data. The credit union is federally insured by the NCUA (Charter # 6328).

Thanks to the reader who emailed me news of this new special

  Tags: NASA Federal Credit Union, Virginia, Maryland, CD rates

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Comment #1 by Anonymous posted on
Before you open a CD, call for instructions on how to fund it. Sometimes you transfer money into your share account and fund from there. Sometimes you need the CSR to pull the funds for the CD from an external account.

Comment #2 by Anonymous posted on
Good deal... If you are not looking to add the Direct Deposit and settle for the 3% rate, you may want to consider their Bump Rate Certificate. For example a 3yr term at 3.05% with the one-time option to increase the rate for the remainder of the term. After all, do you think rates are going up soon? But when they do- Bump

Comment #3 by Erik (anonymous) posted on
Check out the best rates on short term deposits at big banks versus those at select community banks from Community banks continue to offer higher yields on short term deposits to serve as economic engines.


Florida Central Credit Union 6.01 FL
First Robinson Savings Bank 6.01 IL
Union State Bank/Bank of Atchison 6.01 KS
Communications Federal Credit Union 5.25 OK
Connexus Credit Union 5.15 WI
Keystone Bank 5.15 AL
First New England Federal Credit Union 5.15 CT
Three Rivers FCU 5.01 IN
Legence Bank 5.01 IL
Community Bank of Pleasant Hill 5.01 MO
Community Bank of Raymore 5.01 MO
United Heritage Credit Union 5.01 TX


• ING decreased their highest rate offered by 25 basis points, from a 2.50% APY on a 1 year CD to a 2.25% APY on a 4 year CD.
• Schwab decreased their 18 month CD rate by 15 basis points, from a 2.65% to 2.50% APY.
• E*Trade decreased their 5 year CD rate by 30 basis points, from a 1.70% to 1.40% APY.
• E-Loan increased their 6 year CD rate by 50 basis points, from a 3.50% to 3.70% APY
• Washington Mutual decreased their 5 year CD rate by 50 basis points, from a 3.00% to 2.50% APY.
• AARP Financial Savings Center decreased their savings rate by 50 basis points, from a 2.00% to 1.50% APY.
• Wachovia increased their 17 month CD rate by 15 basis points, from a 1.85% to 2.00% APY.
• E-Loan currently has the highest rate at 3.70% APY on a 6 year CD.
• E*Trade currently has the highest savings rate at 3.01% APY.

Courtesy of BancVue.

Comment #4 by Anonymous posted on
NASA Federal is my credit union! They rock!