NASA Federal Credit Union CD Specials Continue To Be Competitive

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Deal Summary: Share Certificate Specials – 49-month (1.40% APY), 15-month (0.70% APY), 9-month (0.65% APY), minimum $10k deposit of new money.

Availability: Easy membership requirement

Maryland-based NASA Federal Credit Union (NASA Federal) has been offering competitive Share Certificate Specials over the past several years. Last month, I wrote about the 49-month Share Certificate Special (SCS), following its impressive 70 bps increase. The other two SCS (9-month and 15-month) also had modest rate increases (10 bps) at that time.

The good news is that all three SCS are still available; the not-so-good news is the APYs have dropped, but only by 10 bps. Even with the rate decreases, all three SCS are still competitive.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.15%$10k-NASA Federal Credit Union49 Month Share Certificate Special - New Money
0.60%$10k-NASA Federal Credit Union15 Month Share Certificate Special - New Money
0.55%$10k-NASA Federal Credit Union9 Month Share Certificate Special - New Money
Rates as of September 18, 2021.

The minimum opening deposit is $10k, with no stated balance cap. As stated in the fine print on the Share Certificate Rates page, “new funds brought from an external source” are required for the opening deposit that must be made between May 1, 2021 and May 31, 2021. While no balance cap is specified, the Rates page also states,

Credit Union reserves the right to limit deposits into this special Certificate.
This limited-time offer is subject to change at any time without notice.

While the 49-month SCS obviously has the most competitive rate, the 9-month and 15-month SCS have rates near the top for their respective terms. For those not willing to lock into long-term CDs in the current low-rate environment, these shorter-term SCS may be a more viable option.

All three SCS are also offered as IRA SCS (Traditional and Roth), earning the same APYs with the same deposit requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.15%$10k-NASA Federal Credit Union49 Month IRA Certificate Special - New Money (Traditional, Roth)
0.60%$10k-NASA Federal Credit Union15 Month IRA Certificate Special - New Money (Traditional, Roth)
0.55%$10k-NASA Federal Credit Union9 Month IRA Certificate Special (Traditional, Roth)
Rates as of September 18, 2021.

As stated in the Certificate Terms and Conditions document, the Early Withdrawal Penalty reads as follows:

182 days for certificate accounts with terms up to 24 months and
365 days for certificate accounts with terms greater than 24 months.

There is a 10-day grace period before a SCS automatically renews as a standard Share Certificate (SC) at the rate in effect at the time of renewal. The 49-month SCS renews as a 48-month SC; the 15-month SCS renews as a 12-month SC; and the 9-month SCS renews as a 6-month SC. If you withdraw the funds, no interest will be paid for the grace period.

Funding and Accessing Maturing Funds

A Share Certificate Special must be funded within ten days of opening, with the rate guaranteed during those ten days. Options for funding include ACH, wire transfer, or through a transfer from an existing NASA Federal checking or savings account. NASA Federal participates in the CO-OP Shared Branch network, making the transfer of funds relatively simple.

Maturing funds can be distributed by check, wire, or transferred into an existing NASA Federal checking or savings account.

Beneficiaries

Unlimited beneficiaries (equal shares) can be named, with a Social Security number required for each beneficiary.

Availability

Headquartered in Upper Marlboro, Maryland, NASA Federal Credit Union’s field of membership offers a way for virtually any U.S. citizen/resident to qualify:

Easy Membership: Membership in one of 14 affiliated associations, qualifies for Credit Union membership. NASA Federal will provide a one-year complimentary affiliated membership in the National Space Society (NSS), which “entitles you to full NASA Federal membership.”

Employment: Employees or retirees of NASA Headquarters, any NASA Center or Facility, or National Academy of Sciences are eligible for membership. In addition, any employee or member of one of 900+ NASA Federal partner companies also qualify for membership. (A complete list of partner companies can be found on the first page of the online application.)

Relationship: Relatives or household members of current NASA Federal members are eligible for membership (the online application requires the current member’s account number).

Joining NASA Federal and/or opening a Share Certificate Special can be done online. The Membership Certificate Application is also available as a download and specifically lists the SCSs at the top of application.

Mail Application and Check to: NASA Federal Credit Union, Special Offer, P.O. Box 1538,
Bowie, MD 20717-1538. Be sure to fund your Certificate within 10 days of account opening!

Eight NASA Federal branch lobbies have reopened to walk-in traffic on a limited basis. The number of members allowed in the lobby vary by branch and are listed on the Corona Virus Update page.

A Primary Savings account (minimum $5 deposit) is required to establish a NASA Federal membership.

NASA Federal is a member of the CO-OP Shared Branch network, giving members access to more than 5,000 branch locations across the country (including more than 120 locations in the Washington DC metro area) to conduct many business transactions.

Shared Branches allow members of participating credit unions across the country to conduct most of their financial transactions as if they were at their own credit union branch.

Credit Union Overview

NASA Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 3.60% (excellent) based on December 31, 2020 data. In the past year, NASA Federal has increased its total non-brokered deposits by $224.46 million, an excellent annual growth rate of 9.3%. Please refer to our financial overview of NASA Federal Credit Union (NCUA Certificate # 6328) for more details.

NASA Federal Credit Union was established in 1949 when seven members of the scientific community (with a total of $2 in deposits) received approval for a credit union charter serving NASA employees. NASA FCU is currently the third largest credit union headquartered in Maryland and the 98th largest credit union in the nation, with assets in excess of $3.3 billion and more than 191,000 members.

How the Share Certificate Special Compares

When compared to 172 similar length-of-term CDs tracked by DepositAccounts.com, which are nationally available and require a minimum deposit of $10k or less, NASA Federal Credit Union's 49-month Share Certificate Special APY currently ranks first.

When compared to 155 similar length-of-term CDs tracked by DepositAccounts.com, which are nationally available and require a minimum deposit of $10k or less, NASA Federal Credit Union's 15-month Share Certificate Special APY currently ranks third.

When compared to 206 similar length-of-term CDs tracked by DepositAccounts.com, which are nationally available and require a minimum deposit of $10k or less, NASA Federal Credit Union's 9-month Share Certificate Special APY currently ranks third.

The above information and rates are accurate as of 5/6/2021.

To find the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Washington CD rates, Baltimore CD rates, Norfolk CD rates, 1-year CD rates, 5-year CD rates, nationwide deals

Comments
gregk
  |     |   Comment #1
If there is even one participant here who will put funds in NASA's 4 year APY 1.40% Certificate
I would be shocked.
GreenDream
  |     |   Comment #2
I say if anyone does it's because they're betting that interest rates will remain low for years to come. If the Fed has it's way, they certainly will be. Inflation migh just have a say in the matter, however....
gregk
  |     |   Comment #7
There are still 1% liquid accounts around, Green Dream. I just wouldn't myself tie up funds for that long given so small an additional premium.
highrate
  |     |   Comment #22
yes, I agree. I may end up getting one of these. I don't know if rates will rise in the next several years.
alan1
  |     |   Comment #8
The invective directed at gregk, for posting comments that are relevant to the article, is disgraceful (and I suspect has little if anything to do with the contents of his comments on this thread).

gregk has regularly provided valuable information and commentary on assorted bank deposit products and deals over a period of many years.

GreenDream (Comment #2) chose to actually respond to gregk's initial comment re the NASA Federal Credit Union offer. But others chose to use this thread as a launching pad for a campaign of vituperation. That's wholly unwarranted.
Choice
  |     |   Comment #9
Really?   
gregk
  |     |   Comment #12
Yes. I agree with Alan, hehe.
gregk
  |     |   Comment #13
Yes. I agree with Alan, hehe, - though much worse than "vituperation" here is to be completely ignored.
milty
  |     |   Comment #14
@gregk: I read your initial post a few days ago and did not even give it a thought that it somehow violated the comment policy. However, I did think it was possible someone might take this offer, for laddering purposes maybe and due to the continuing sad state of interest rates.
gregk
  |     |   Comment #16
Could be, of course. The "sad state of interest rates" was more the point of my post than a literal affirmation, in any case. I myself wouldn't touch this offer under any rationale (even if they credibly exist) just due to a pre-emptive feeling of revulsion towards it, - what I was trying to be the voice of.
milty
  |     |   Comment #18
It becomes a decision point for sure if investment funds are available. But I understand your sentiment, after a decade of saver suffering, just how much more of this crap must we take.
111
  |     |   Comment #21
I'll say it once again. A properly diversified portfolio consisting of both a more-aggressive component like stocks, ETFs and/or mutual funds, combined with a non-aggressive fixed-income component consisting of bonds and/or CDs - properly adjusted for the owner's age, financial situation, goals, and risk/reward tolerance - has historically produced the best returns. This has long been proven by both academic and real-world historical data. I question how much “sentiment” should really apply to the situation.
P_D
  |     |   Comment #10
Can't we all just get along. :)
gregk
  |     |   Comment #15
The only participants I don't like here are the moderators (of which I am certain Ken himself is not one).
Choice
  |     |   Comment #17
Why the pass? And employees are hired by…? Employees are rarely the problem but management is responsible for them, training, etc.  Employees are a reflection of management!
gregk
  |     |   Comment #19
Probably you take who can get. "Blog moderator" isn't likely to be a high demand and lucrative position, and training non-existent, - just put a few guidelines in front of them and let them chop away (without any supervision). I suspect a handful of rough-and-ready college students who don't take it all that seriously.
NASA Federal Credit Union Gives 49-Month CD Special Major Rate Boost
Deal Summary: 49-month Share Certificate Special, 1.50% APY, minimum $10k deposit of new money.

Availability: Easy membership requirement

In December, Maryland-based NASA Federal Credit Union (NASA Federal) raised the rates on its three Share Certificate Specials (SCS) by 10 bps. These modest rate increases were in effect for about three months before they returned to pre-December rates levels. NASA Federal has again raised the SCS rates, but this time the 49-month gained a substantial 70 bps and now earns 1.50% APY. The 9-month SCS (0.75% APY)...

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NASA Federal Credit Union Ups 9-Month CD Special Rate
Deal Summary: 9-month Share Certificate Special, 0.75% APY, minimum $10k deposit of new money.

Availability: Easy membership requirement

Maryland-based NASA Federal Credit Union (NASA Federal) has been offering limited-time Share Certificate Specials (SCS) with APYs at or near the top of their respective term lengths for several years. NASA Federal has once again raised the rates on its three SCS (9-month, 0.75% APY; 15-month, 0.80% APY; 49-month, 0.90% APY) by 10 bps, but this time the rates aren’t as competitive as they have been in the past....

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NASA Federal Credit Union 9-Month CD Special Rate Makes A Comeback
Deal Summary: 9-month Share Certificate Special, 1.50% APY; minimum deposit of $10k.

Availability: Easy membership requirement

In November 2019, NASA Federal Credit Union (NASA Federal) increased the rates on its three Share Certificate Specials (SCS), placing the APYs at or near the top of their respective term lengths. Those rates lasted three months before they began to drop to mediocre levels.

NASA Federal recently raised the rate on the 9-month SCS by 50 bps, giving it a competitive 1.50% APY. Surprisingly, the rates on the two other SCSs...

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NASA Federal Credit Union Ups Rates on 9-, 15- & 49-Month CD Specials
Deal Summary: New Share Certificate Special rates: 49-month, 2.60% APY; 15-month, 2.50% APY; 9-month, 2.35% APY; minimum deposit of $10k, new money.

Availability: Easy membership requirement

Falling rates is the news for most deposit accounts today, but I did find a little bit of good news for savers. NASA Federal Credit Union (NASA FCU) increased the rates of three of its Share Certificate Specials (SCS) by 10 to 20 basis points. All three are now very competitive. The three SCSs have terms of 49 months (2.60% APY),...

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NASA Federal Credit Union Adds 9-Month CD Special, 2.60% APY
Deal Summary: 9-month Share Certificate Special, 2.60% APY, minimum deposit of $10k, new money.

Availability: Easy membership requirement

In February, NASA Federal Credit Union (NASA FCU) brought back limited-time competitive rates on its 15-, 25-, and 49-month Share Certificate Specials. As advertised, those rates lasted for a month before they returned to their previous levels. NASA FCU started June by adding a 9-month Share Certificate Special (SCS), which earns 2.60% APY.

The minimum opening deposit is $10k and the fine print on the Certificate...

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