NASA FCU Increases 49-month CD Special Rate


Availability: Easy Membership Requirements

At the beginning of the year, I wrote about NASA Federal Credit Union (NASA FCU) competitive 49-month Share Certificate Special. At that time, the Certificate Special’s rate had just been increased to 2.30%, which placed it at the top of DA's CD Rates Summary. That rate lasted for about two months before it dropped to 2.00% APY.

Good news - as of yesterday, the 49-month Share Certificate Special (2.20% APY) is again the top 4-year nationally available CD in DA’s CD Rates Summary.

2.00%$5k-NASA Federal Credit Union49 Months Share Certificate Special
2.00%$5k-NASA Federal Credit Union49 Months IRA Certificate Special (Traditional, Roth)
Accounts mentioned in this post. Rates as of August 27, 2016.

The wording in the fine print regarding the new funds requirement is a bit vague:

A minimum of $5,000 in new funds must be brought from an external
source and must be deposited between June 1, 2016 and June 30, 2016.

CSR confirmed that whatever the amount of the opening deposit, $5k must be new funds, while the balance of the opening deposit could be made from funds on deposit at NASA FCU.

While there is no stated maximum deposit balance, the fine print reads:

Credit Union reserves the right to limit deposits into this special certificate.

The 49-month Share Certificate Special is also offered as an IRA (Traditional and Roth) earning the same APY, with the same funding requirements and same time limitations.

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

Withdrawal of funds from your certificate account before maturity will result in the loss of 180 days of dividends on the amount withdrawn.

If the funds withdrawn bring the balance below the required minimum, the certificate must be redeemed and 180 days of dividends will be forfeited.

If the amount withdrawn has been in the account less than 180 days, all dividends on the amount withdrawn will be forfeited, and if the term of the certificate is under 180 days, the penalty is no dividends.

Many thanks to DA member, Oldguy, for his Forum post about this recent rate increase.


Headquartered in Upper Marlboro, Maryland, NASA Federal Credit Union offers membership to virtually anyone with several ways to qualify:

Easy Membership: Membership in one of 13 affiliated Associations, including a complimentary membership to the National Space Society (NSS) qualifies for Credit Union membership.

Employment: Employee or retiree of NASA Headquarters, any NASA Center or Facility, or NAS are eligible for membership. In addition, any employee or member of one of 900+ NASA Federal Credit Union partner companies also qualify for membership.

Relationship: Relatives or household members of current NASA FCU members are eligible for membership.

Joining NASA FCU and/or opening a CD can be done online, or by visiting any of ten branches located in Maryland (Annapolis, Bowie, Columbia, Greenbelt, Greenbelt-Lanham, Rockville, Upper Marlboro), Virginia (Falls Church), and the District of Columbia (2). (NASA FCU’s online application is time sensitive, so I have not included a direct link.)

Two of the branch locations (the Goddard Space Flight Center Branch and the National Academy of Science Branch) have restricted assess status (employees only), but NASA FCU is a member of the CO-OP Shared Branch network, giving NASA FCU members an additional 120+ locations in the Washington metro area to conduct many business transactions.

Credit Union Overview

NASA Federal Credit Union (NCUA Certificate # 6328) has an overall health grade of "A" at, with a Texas ratio of 5.83% (excellent) based on March 31, 2016 data. In the past year, NASA Federal Credit Union has increased its total deposits by $181.14 million, an excellent annual growth rate of 13.58%. Please refer to our financial overview of NASA Federal Credit Union for more details.

NASA Federal Credit Union was established in 1949 when seven employees received approval for a credit union charter to begin serving employees of NASA. Today, NASA Federal Credit Union is the 3rd largest credit union in Maryland and the 149th largest credit union in the nation, with assets in excess of $1.7 billion and over 119,300 members.

How the CD Compares

When compared to the 112 similar length-of-term CDs tracked by, that require a similar minimum deposit and are available nationally, NASA Federal Credit Union's 49-month Share Certificate APY currently tops the list.

The above rates are accurate as of 6/2/2016.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our new Rates Map page.

jimbeau   |     |   Comment #1
That would have been great news if I hadn't just opened one up in May at the 2.00% rate.  Now, I'll have to do the math and see if it's worth eating the early withdrawl penalty for the two weeks worth of interest that I'd lose versus the 0.20% that I'd gain over term of a new CD.   
Barrel-rider   |     |   Comment #2
John Sears
John Sears   |     |   Comment #5
"Membership is open to anyone through a complimentary membership to the National Space Society." I don't see anything on their sites that it's free, you have to join.
Anonymous   |     |   Comment #6
You do it when you join the CU. It is part of the application process
Anonymous   |     |   Comment #3
it's still a pretty good rate for only 4 years and 1 month jimbo
jimbeau   |     |   Comment #4
I gave them a call to find-out exactly what the early withdrawl penalty would be.   Since I've already got a couple of CD's with them that qualify my account for "platinum membership", they waived the EWP and gave me the 2.20% APY.   I also think that closing the one account and opening the other wasn't worth their bother for the amount of money involved.  But, can you imagine a bank doing this?  Dealing with credit unions can be a pain sometimes, but you don't get this kind of personalized customer service from the big banks.
Anonymous   |     |   Comment #7
I have an acct there and was hoping to open this CD online but the 49 month term was not listed on the menu for CDs to open online.  Has anyone tried opening the CD online?
Anonymous   |     |   Comment #8
When I went into the on line app and after you go through the membership information I saw the specials
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