NASA Federal Credit Union Offers Top Rate 15-Month CD

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UPDATE 10/1/2018: The Special Share Certificate rates have fallen. The new 15-month APY is 2.75% and the 49-month APY is 3.00%.

Deal Summary: Share Certificate Special – 15-months (3.25% APY), 49-months (3.35% APY), at least $5k of new money to open.

Availability: Easy Membership Requirement

At the beginning of the year, NASA Federal Credit Union (NASA FCU) offered limited-time competitive rates on its 15- and 49-month Share Certificate Specials (SCS), which lasted about two months. NASA FCU has just announced the return of outstanding rates for the month of September: 15-months (3.25% APY) and 49-months (3.35% APY).

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.00%$5k-NASA Federal Credit Union49 Months Share Certificate Special (New Money)
2.75%$5k-NASA Federal Credit Union15 Months Share Certificate Special (New Money)
Rates as of November 14, 2018.

The minimum opening deposit is $5k and the fine print on the Certificate Rates page states,

A minimum of $5,000 in new funds must be brought from an external source
and must be deposited between September 1, 2018 and September 30, 2018.

There is no guarantee that the SCS with the current rates will last through September. The fine print states:

This limited-time offer is subject to change at any time without notice.

Both SCS are offered as IRAs (Traditional and Roth), earning the same APY with the same new money funding requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.00%$5k-NASA Federal Credit Union49 Months IRA Certificate Special (New Money) (Traditional, Roth)
2.75%$5k-NASA Federal Credit Union15 Months IRA Certificate Special (New Money) (Traditional, Roth)
Rates as of November 14, 2018.

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

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

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 the 15-month and 49-month SCS automatically renew to a standard 12-month and 48-month term, respectively.

Thanks to DA readers, CDsForMe and petey, for their Forum posts about NASA FCU’s new hot deals.

Availability

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 14 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 Share Certificate can be done online, or by visiting any of twelve branches located in Maryland (Annapolis, Bowie, Columbia, Greenbelt, Greenbelt-Lanham, Rockville, Upper Marlboro), Virginia (Falls Church, Oak Hall, Wallops Island), and the District of Columbia (2).

Three of the branch locations (the Goddard Space Flight Center Branch, the National Academy of Science Branch, and the GSFU-Wallops Flight Facility) 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.

There is also a membership application (PDF) specifically for the 15- and 49-month Share Certificate Specials, which can be returned via snail mail.

DA readers who have opened NASA FCU Share Certificate Specials in the past have shared their experiences in this DA Forum thread. Providing comments on your experiences opening accounts is very much appreciated!

Credit Union Overview

NASA Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 7.13% (excellent) based on March 31, 2018 data. In the past year, NASA FCU has increased its total non-brokered deposits by $209.28 million, an excellent annual growth rate of 12.32%. 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 employees received approval for a credit union charter to begin serving employees of NASA. Today, NASA Federal Credit Union is the third largest credit union headquartered in Maryland and the 102nd largest credit union in the nation, with assets in excess of $2.3 billion and more than 154,000 members.

How the Share Certificate Special Compares

When compared to the 157 similar length-of-term CDs tracked by DepositAccounts.com, that are nationally available and require a similar minimum deposit, NASA Federal Credit Union's 15-month Share Certificate APY currently ranks first.

When compared to the 163 similar length-of-term CDs tracked by DepositAccounts.com, that are nationally available and require a similar minimum deposit, NASA Federal Credit Union's 49-month Share Certificate APY currently ranks first.

The above rates are accurate as of 9/3/2018.

To look for 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
HeightOfNonChalance
HeightOfNonChalance   |     |   Comment #2
It's listed on their rates page, but when logged on as a member it's not among the options for opening a new certificate.
Amos
Amos   |     |   Comment #3
Anyone know if the CD can be funded by an ACH transfer?
9832
9832   |     |   Comment #218
Yes you can ACH after you become a member for free. Transfer the funds via ACH to member account then request to open the CD and move the funds from the member account to fund the CD. When the CD term expires you can transfer the funds back to the member account then out of the bank via ACH again.
Anonymous
Anonymous   |     |   Comment #4
I just opened the 15 month cd. Do not log in, just click on the offer. A form appears where you enter your member # along with other basic info. You will be asked to mail a check. Nothing about an ACH transfer.
RJM
RJM   |     |   Comment #6
Or do a shared branch deposit like I plan to.
Anon1
Anon1   |     |   Comment #18
Apologies if this is a stupid question: can a shared branch deposit include a couple of different checks, one of which is drawn on an account in the name of a different person than the name on the account being funded (such as a spouse's)? I have done shared branch deposits in the past but as a single check where the account names matched exactly.
splt5
splt5   |     |   Comment #19
I deposited one check from my spouse's account and one from my own for Keesler FCU with no problems. I was the only one present at the time. Hope that helps.
Anon1
Anon1   |     |   Comment #20
Thanks, very helpful!
Ann
Ann   |     |   Comment #150
If they didn't accept checks written by other people, nobody would be able to use shared branches to deposit paychecks, SS checks, birthday gift checks, etc. :-)
zjts
zjts   |     |   Comment #23
tried this but no form appears for the 15mo cd
zjts
zjts   |     |   Comment #24
I did not login. clicked on open newaccount. page says If you're already a member, please visit eBranch to add additional accounts & there is no 15 month cd.
zjts
zjts   |     |   Comment #25
nevermind, I see what you meant now thx
Inflation Hawk
Inflation Hawk   |     |   Comment #5
Let's see, at 3.25% the 15 month CD beats the current CPI-U by 0.35%.
A 5 year TIPS is currently yielding 0.75% over the CPI-U ( a measly 0.1% spread per additional year of term).

With more FED rate increases on the horizon, it's hard to go long (even with TIPS's inflation factor).
There's a good chance 5 year TIPS yields will be significantly over 1.0% by the end of next year.

Back in August TIPS yields where at 0.85% and looked like they were headed to 1.0% by the end of the year.
Since then, Turkey (and the turkey trade warrior tweeter) caused 5 year TIPS yields to drop 0.1%.
Sylvia
Sylvia   |     |   Comment #7
The first time I got one of NASA's new-money specials, I wired funds into savings. In later years, I pushed money into same, initiating the ACH from outside. In each case, I then contacted member services to open CD with funding from savings. If you want to avoid wire fees and have the time to visit a shared branch, that’s a quick option as well.

I don’t recall an option to fund the CD by ACH at time of membership application; my info may be dated so I’ll let others comment on that. NASA’s ACH limit was low when I joined years ago, and have not changed. It’s $10K per day, and applies only to transactions initiated from within the CU.

NASA probably does not allow established members to open these CDs online because of the new money requirement. They’re manually checking compliance to make sure all monies are not from, say, a recently closed NASA CD.

The CU offers checking accounts. If you have one of these, you might be able to deposit money in them (in lieu of savings) for funding CD. Lacking such accounts w/NASA, I’ve never tried.
hank
hank   |     |   Comment #9
does this cd require new money
Sylvia
Sylvia   |     |   Comment #10
Both specials, 15 and 49 months, require at least $5K of new money.
Amos
Amos   |     |   Comment #12
As far as you know, can a new savings account be funded by an ACH transfer and, if so, is there any limit on the amount so transferred? TIA
Amos
Amos   |     |   Comment #13
My comment #12 was intended for Sylvia. Sorry for any confusion I may have created.
Sylvia
Sylvia   |     |   Comment #14
Amos, by "new," do you mean at time of membership application? If yes, I can't recall. I funded my share ($5) with credit card. Even if an ACH is allowed, I'm pretty sure the limit would be so low that you couldn't request an amount sufficient to fund CD. I would have chosen that route had it been available. If you mean an already opened share account that was opened recently, sure. Limit is $10K/day if you use NASA, otherwise consult organization where you'll be initiating request. Remember, you'll need to allow a few days to establish links.
Ann
Ann   |     |   Comment #151
According to https://www.doctorofcredit.com/does-funding-a-bank-account-with-a-credit-card-count-as-a-purchase-or-cash-advance/#comment-274083 the maximum you can fund by credit card when opening a NASA FCU account is $500. I don't know how much they would accept by ACH transfer when opening an account. I know with some credit unions, the account-opening ACH limit is smaller than their regular limit after the account is open.
anonymous
anonymous   |     |   Comment #61
does the 10k nasa ach limit just apply to external transfers? that is, if you had a nasa cd for more than 10k, when the cd matured, could you request nasa to close the cd, and transfer the total cd balance to your nasa savings acct? and then you could do an ach initiated from your external bank to transfer all the cd $ from your nasa savings acct, if you wanted to? it may seem like a silly question, but seems like these days, you can't take anything for granted.
Ann
Ann   |     |   Comment #152
The limit only applies to transfers initiated from within NASA FCU. Initiate the transfer from another bank/CU with a higher limit.
Anon
Anon   |     |   Comment #8
So if I currently have an existing CD with them I'm not eligible?
Sylvia
Sylvia   |     |   Comment #11
You're eligible, as long as funding consists of at least $5K in money not already at NASA. Put another way, if you want to open CD at minimum of $5K, all of that must be from outside. For amounts above that, at least $5K can't be from any of your existing account(s).
rzelman
rzelman   |     |   Comment #15
Has anyone encountered a ceiling limit on their deposit?
zjts
zjts   |     |   Comment #21
How does this compare to other recent cd promos? I lost track but I do remember 30-mo CD 3.56%, which was too long a timeframe for me
RJM
RJM   |     |   Comment #22
Other than the short lived 5% 7 month deal, this tops everything.
Browns
Browns   |     |   Comment #16
Does anybody have a promo code or a way to join one of these associations for free?
Anonymous
Anonymous   |     |   Comment #17
National Space Society (NSS) membership is free as part of NASA FCU joining process. See above in Ken's posting.
PassiveIncome
PassiveIncome   |     |   Comment #26
I opened a savings/CD over the weekend as a new member, deposited a check this morning at a shared branch, and then immediately called and had the deposit transferred to the CD. Other than a slight wait at the shared branch, the process was very efficient and easy.
alan1
alan1   |     |   Comment #27
Thank you PassiveIncome. I'm planning on joining NASA FCU today and then funding the CD via a shared branch deposit. I have a couple of questions; perhaps you could help.Did the membership application process involve any sort of "quiz" (where did I open a credit card account in 2009? what street is closest to my home?, etc.) Also, did the application process involve funding the $5 savings account? If so, how can it be funded? Finally, did you receive a membership and/or account number when you submitted the application, or did you have to wait for an e-mail or something else? Thanks..
PassiveIncome
PassiveIncome   |     |   Comment #30
Alan - yes, I had to answer the questions which I assume are part of a credit check. I did not get an alert from my bank about a credit report check but maybe they use a different agency than the report that I usually get. Not sure about this. I did have to fund the $5 for savings which I was able to easily do with my credit card. I was instantly approved so I received my member number at the confirmation page which I made sure to save since it is used to log into the mobile banking.
alan1
alan1   |     |   Comment #34
Thanks. Did they require any ID other than a drivers license?
Ann
Ann   |     |   Comment #153
Those questions aren't "part of a credit check". They are from a specific service for identity verification questions, provided by Equifax and LexisNexis. They will often include some questions about things that are not part of your credit report, from government records. And just about any financial institution you apply with online will use one of those identity verification services. If you don't like those kinds of questions, do all your account-opening in-person at local institutions.
Blade
Blade   |     |   Comment #28
Just finished two phone calls with NASA service (very friendly agents!) and here's what I learned regarding becoming a new member and funding a CD: Start by setting up a new savings account online which you'll fund with $5. Agent said I'll be able to provide my banks routing# for the $5 transfer. You're also given the option to select "need another way to join?" option if you're not already member (they will make you a member for free with the savings account setup). This will take you to the online application info screen. I can confirm what a previous poster has stated about the application process - you will need to upload actual photos of your ID (drivers lisc.), Soc. Sec card and a piece of mail with your name and address to further confirm residency. Like most readers here, I have multiple bank and brokerage accounts and have never been jumped through these types of hoops to open account! I pressed the agent for any other option to avoid sending photos of my SS card online or through the mail and its a deal breaker for them. Moving on... once your savings account is active you may fund it with the cash you intend for the CD via a wire transfer or by depositing the funds with a shared credit union partner in your town if one exists. Once that cash is in your savings you can call them and have them create the CD for you. Second agent also said to select the CD along with the savings account during initial account creation to "lock it in" for whatever that's worth. Per the agent - no $ cap on funding the CD but they only allow $10K max wired in at one time so you'll need to either mail them the check or take your check to a shared partner union in your area once your savings is active if you want to exceed the $10K. Agent advised CD interest may be accessed without penalty during your CD term. You can transfer it back into your savings account and then out to your home bank if needed. (They'll also cut and mail you a check)

Would normally jump on this one but the rather extreme application process with the required photo uploads is giving me pause. I asked why they would feel comfortable even wanting members to send photos of their most sensitive ID's and they stated as long as it was through their "secure portal" there was no chance for problems. Yeah....tell that to Equifax.
alan1
alan1   |     |   Comment #29
They have a PDF of the "Membership Certificate Application" which you can send by snailmail.
https://www.nasafcu.com/pdf/membercertificateapp.pdf

That application only asks for one form of ID:
"All applicants must provide at least one form of identification, including one valid state or Government issued identification with photo. As required by Federal law, the Credit Union must
verify the identity of each person seeking to open an account (including joint owners) and must maintain records of information used to verify each person’s identity."
Blade
Blade   |     |   Comment #31
Thanks for the PDF link! I could see utilizing that method with just my driver's lisc. photo and sending it to them with the completed application via certified mail. I'm sure applying online is faster but I'm okay waiting as long as I can lock in the current CD rates.
splt5
splt5   |     |   Comment #33
Blade,
I have always been able to call and get a fax # to send my driver's license and docs over because I do not have a scanner. You may want to try that route.
Browns
Browns   |     |   Comment #43
Only on the first page of the application, but thus far it is only asking for a copy of your drivers license?
Blade
Blade   |     |   Comment #55
**Update - went ahead with the online Savings Account and 15m CD application process. Was required to upload a photo of my drivers lisc. but was NOT prompted for a photo of my social card so unless that comes later in the process its a non-issue. Application populated the required $5 savings deposit and allowed me to enter my bank's routing info to fund it. Submitted my application and received online confirmation it was successfully received and will be reviewed. Assuming they open the savings account as expected I'll head over to a local shared CU to fund the CD with a personal check as suggested by the phone agent. Will be curious to see what occurs if they pull a hard credit check as I've locked up the big 3 reporting agencies after the Equifax breach.
Blade
Blade   |     |   Comment #63
**New update - just received auto-email from NASA now stating they want me to upload a copy of my social sec card and proof of residency such as utility bill with my name and address on it. Fairly certain I've entered foreign countries with much less hassle than trying to give NASA my money! I also saw on another post that they will probably hit Experian for a credit check which I have frozen after the Equifax breach as I no longer need any lines of credit opened. If that ends up being the case I'll bail on this offer as turning Experian on/off isn't worth the hassle to me. Hope to see some more "customer friendly" offers in the coming weeks with the Fed about to raise rates again. Am I the only one that frequently feels these CD offers are a lot like the old "whack a mole" game? Have to try and hit 'em before they go back into their hole and the next one pops up!
Nothing
Nothing   |     |   Comment #64
In late Sept it is free to unfreeze cred reports...but I agree, I don't unfreeze very often and if "they" use Equifax I go somewhere else.
RJM
RJM   |     |   Comment #65
I cant recall if they are someone else asked for my SS card but I have not seen it in at least 15 years. I have had to send copies of my license at a few places.
Blade
Blade   |     |   Comment #72
** Final Update - officially done with these guys. I do not have physical access to my social card and will not for many months. They have now informed me I will need to unlock Experian for them to run a credit check. Like many here, I have several active brokerage and bank accounts and have never run into anything like NASA - ridiculous! If these are the same guys in charge of getting us to Mars we're in trouble!
deeMatrix
deeMatrix   |     |   Comment #73
Can the requirement for uploading the SS card be due to the fact your Experian credit was frozen at the time you submitted online application?

I see Rockies comment #53 that he got straight through the online application process since credit was temporarily unfrozen first and immediately received an approval and account number.
Anon456
Anon456   |     |   Comment #97
have to disagree, Blade. Schwab is WAY WORSE. Some credit unions just do the DL pull/verification for Patriot Act, but others want a copy in their records. I would not worry about it, except do not use email. Secure email with the institution is OK, but just not public EMAIL. And most of this is not just wims of the CU, but rather, what they feel they must do for the Patriot Act (which is not specific but does imply reasonable checks).

So far, I have found NASA easy to do business with, and unless you want to stay local with brick and mortar, you should plan on the majority of firms will want a copy of your DL. You will have to provide the SS card and utility bill if they have any issues with a mechanical pull from the credit bureaus. Not actually required by the Patriot Act, but it is pretty much industry standard these days.
anonymous
anonymous   |     |   Comment #77
Everything that happened to Blade in comments 55 & 63 happened to me, and I have no credit frozen. and even after that I got another request to answer MORE security questions. I had already answered correctly the security questions in the original appl, but I called & answered the additional questions, and I'm still in pending status, with no idea as to why so many duplicate requests. I have never had so much trouble opening an account before, and this is only my 2nd new one this year and no new ones last year.
DCGuy
DCGuy   |     |   Comment #79
This type of experience gives me pause to open new accounts. I do not need copies of my driver's license or IDs floating around across the country. The application process for Memory Bank and NBKC also is asking for the scanned images of the IDs. The last account that I opened with CIT Bank went through without any additional documentation to open the account.
Blade
Blade   |     |   Comment #80
I wish I had believed the second NASA phone agent I spoke with but her info was contradictory to what they display on their online application portal where it clearly states only a driver's license is required for upload. Had the online portal correctly stated that I may need to upload my Social card and lift any credit reporting freeze I currently have in place I never would have proceeded. If anything, NASA /CU is guilty of sending mixed messages to new applicants regarding the enrollment process. Now they have all my pertinent ID info for no reason which is indeed unfortunate. Opened a sizable CD last week with First United Bank here in Texas and only needed to show my driver's license and that was as a brand new customer. Night and day difference compared to NASA. Live and learn!
Anon456
Anon456   |     |   Comment #98
Anonymous - yes, same frustration here. Not with NASA, but other firms. Even if you feel you have answered the questions correctly, if their mechanical checker sees it otherwise, no one ever goes back to that tool. They just assume you have answered it incorrectly and then they want to take the long road around. AND you get no help by appealing to MGT. They have their ways of doing business, and it works 95% of the time. BUT YES, those tools are not flawless, and you can get sucked into that whirlpool. Sucks, but that is the way it is ....
Jag
Jag   |     |   Comment #204
I tried to apply for an account with NASA and they wanted me to unfreeze my credit accounts. I was willing to provide the other information but unwilling to unfreeze my credit accounts. I could see no reason why they needed that information because I was not applying for a loan or looking to establish credit. I want to give them money for a CD! They were extremely inflexible and acted like automatons (robots) with no other options available. I refused and therefore did not open the account.
Extremely extreme to me. Not experienced this with any other banks! Very disappointed in their lack of flexibility!
me1004
me1004   |     |   Comment #32
So close yet so far away. I want this CD. I have another that will be maturing soon. I even opened a NASA membership several months back when I almost took another CD from them, but that CD promo ended before my money became available.

However, my other CD now will not become available until Oct. 1, and this CD offer is marked as me having to have my deposit in no later than the day before that, Sept. 30.

Dang! Nothing I can do to make my money become available one day earlier -- which isn't really on day, as Sept. 30 is a Sunday, can't do any of this on Sunday. Dang!
Att
Att   |     |   Comment #35
I have a large NASA CD maturing next month. Maybe they will extend the offer or better yet another institution comes out with a better rate. Let's see what the future has in store.
Sylvia
Sylvia   |     |   Comment #50
Att, just FYI, you can get CD opened before funds are available. They allow 10 calendar days for funding. If you change your mind, just without funds and CD closes automatically. Of course, requirement to add at least $5K of new money still applies.
Att
Att   |     |   Comment #68
Thank you for the info! I have to check the date when my CD matures in October. I have funds in my savings account but have some big expenses coming due this month so unable to open a CD right now.
CuriousDave
CuriousDave   |     |   Comment #86
Do they have anything in writing that they will lock in the special rate during those 10 days?
Sylvia
Sylvia   |     |   Comment #120
CuriousDave, as I understand it, your CD appears opened with no funds in it, then closes automatically after 10 days if you don't fund it. I got this info from a CSR. There's nothing in writing but window makes sense since they don't give new members the means of funding CD at time of membership application. Those who have been sending checks after opening the CD through special "app," https://www.nasafcu.com/open-certificate/, are taking advantage of that window.
me1004
me1004   |     |   Comment #104
Sylvia, this promo specifies the funds must be deposited no later than Sept. 30, not merely that the CD must be opened by that date.
Sylvia
Sylvia   |     |   Comment #119
me1004, I think that's to make it consistent with their practice of posting rates monthly. If promo is still open at month's end, you can call to ask about 10 day window if you were to open one then. You have nothing to lose.
RJM
RJM   |     |   Comment #38
Id call & ask them. Id bet they will find a way to accommodate you. Not to mention, you may be able to play the float if you have a check from the place where the CD is.
???
???   |     |   Comment #40
will give you credit for using Float to Squeeze The Wet out of a Stone
RJM
RJM   |     |   Comment #44
When i was a younger, I knew of a guy who had a criminal record for Check Kiting.

Never knew the exact details or when playing the float becomes kiting. But I don't think he spent any real time in jail. (Probably bonded out quickly and then got probation and fines)
Ann
Ann   |     |   Comment #154
"Kiting" = writing a check that you know will currently bounce due to not enough money in the account it's being written from, in the hopes that you will get more money deposited in that account before the recipient tries to deposit the check.
deeMatrix
deeMatrix   |     |   Comment #41
But will they lock in this rate for 30 days? When I spoke to the CSR she said no guarantee rate would be available in 30 days.
RJM
RJM   |     |   Comment #45
Id be surprised if ANY bank or CU will guarantee any CD. If I was that concerned, Id open the CD now and wait to fund it. The thinking is they may honor it since it was opened before the deadline.

But, I am not going to bother. I'm going to the shared branch in a few minutes and when I get back, I will call & open the CD via the phone. I just have to find 2 different check books and my account number.
???
???   |     |   Comment #148
I've had a few CU's lock the rate for IRA CD's upon receipt of the IRA paperwork.
Sylvia
Sylvia   |     |   Comment #49
me1004, the CD can be opened before funding is in hand. Once opened, you have 10 calendar days to fund it, I’m told. Absent funding w/in that period, it's set to automatically close.
me1004
me1004   |     |   Comment #105
But the terms of the promo state the DEPOSIT must be made by Sept. 30. You can have that 10 years, as long as it happens by Sept. 30.

I will contact at the latter part of this month, but their statement is explicit about when you must deposit the funds.
Riley
Riley   |     |   Comment #36
Does anyone know if they do a hard credit pull or just a CHEX systems pull?
RJM
RJM   |     |   Comment #39
When i opened mine last year, I did not get a hard pull.

That said, I constantly see people bellyaching about hard pulls at places where I know I did not get one. So I have speculated that some places may do hard pulls for some but not all people.

The only hard pull for a bank account I have had in years was the recent Keesler CU. And one of my scores took it on the chin by 3 points. With therapy and heavy meds, I think I will survive.

lol
RJM
RJM   |     |   Comment #46
Edit, I opened mine this year...for the 2.25% 11 month which in hind site was not such a great deal. At the time though, It was one of the best available.
Att
Att   |     |   Comment #47
I did the same and have no regrets. The 11 month is short term and for me was money that would be in a savings account. The 2.25% is better than the current savings rate. Who knows what rates will be when your 11 month CD matures.
RJM
RJM   |     |   Comment #54
That 2.25% just matches my Northern MM. When it matures, Id expect someone will have a savings or MM at 2.75%. Might have to open another account and/or join another CU to get it though.

But, I don't regret it in that it was a top short term CD rate at the time.
CuriousDave
CuriousDave   |     |   Comment #88
Has anyone had any bank or CU expalin to them why a hard pull is needed for opening a CD? After all, one is lending to the institution, not borrowing, and it's impossible to overdraw on a CD.
???
???   |     |   Comment #149
They only want people that they can make money off by peddling their loans.
If you have bad credit, they don't even want your deposits.
The Patriot Act excuse is just BS.
I've opened up accounts where they only used Chex systems.
rockies
rockies   |     |   Comment #53
According the agent, they do a hard credit pull on experian only.....not transunion or equifax. I temporarily lifted the freeze on my experian account, completed the online application and was approved immediately.
RJM
RJM   |     |   Comment #62
Hmmm, maybe that's why i don't see hard pulls? Because most of my scores are with the other 2?
Just speculating. I really pay little attention to which score is which. One of my Credit Karma scores took a 3 point hit, the other one did not. Discover did not take a hit. And NASA where I have not been checking my score at regularly jumped 10 points from 7/18 to 8/18.
821 to 831. My newest credit sesame score updated on the 2nd showed no change from the prior month at 828.

I can't see ever borrowing again unless I get into the "new card" balance transfer game again. And I'm not sure that would be as profitable now because I have been using lower income in recent years because my income is down. (Retirement does that)

Although this year, its going to be up again. Can't help it. Had to harvest some big gains because the stocks are at nose bleed levels.
Anon
Anon   |     |   Comment #42
I spoke with customer service about the process of opening a trust acct who told me the rate would remain the same until the end of the month. However, I'm afraid it will end suddenly, without notice, like other promo rates, before the acct can be established. Does anyone know if this credit union does this with promo rates?
Sylvia
Sylvia   |     |   Comment #48
I've been with NASA many years and that's not been my experience. They ran the earlier 11 month 2.25% CD for over a month; that's short compared to rate continuity on the 15 and 49 months. You can check for yourself by clicking on "details" above (close to top of blog post) to get rate history for each.
RJM
RJM   |     |   Comment #56
Sylvia, in the past have you seen them come up with new deals when past deals expire? Or do they try to catch people sleeping and getting renewed at a less than favorable rate?

I'm wondering what will happen when my 11 month ones mature. Obviously, I won't stay with them if they don't have a competitive or better rate.
Sylvia
Sylvia   |     |   Comment #57
RJM, NASA is different in that the 15 and 49 months are longstanding “specials.” They’ve run so long that I saw them as regular CDs. (Rates on the stated regulars are so abysmal that they’re not worth a look.) For proof, check rate history of the two as I advised above. For awhile, NASA kept rates on both well ahead of the competition. As rates all over have risen the past couple years, NASA let their “specials” languished.

The 11 month was the first time that I can recall them trying what us ratechasers would consider a promo— superior rate with limited run. They may go back to past practice of keeping the 15 and 49 months high or running one-off's like the 11 month. They're pretty steady and conservative. Even the 11 month held for over a month.
RJM
RJM   |     |   Comment #60
I was just wondering how it would work if say in Jan when my first one matures, lets say they have an ok deal that requires new money but that I want to pull much out.

Can I pull out half and then bring in $5k in "new money" from outside or is that a no no?

But, I'm guessing they probably won't have a "special" at the exact time my CDs mature. One is 1/20 and the other is 2/5. That will make it easier. I just go to a shared branch and transfer it to that CU where I at least can earn something...1.51% while awaiting ACH out.
That way when their next "special" comes along, its all new money.
highrate
highrate   |     |   Comment #113
yes, the 49 month is always available. I suspect the rate wont change in October, or if it does change, it wont go down
Ann
Ann   |     |   Comment #155
"lets say they have an ok deal that requires new money but that I want to pull much out.
Can I pull out half and then bring in $5k in "new money" from outside or is that a no no?"

Since you have to get through manual scrutiny on the 'new money' requirement to open another promo CD as an existing member, I would suggest doing it like this. Let's say your previous CD is $50k. First deposit $5k from elsewhere. Then ask NASA to open the new CD for you for $30k (half of the previous CD, plus your clearly-new-money $5k). Only then withdraw the other $25k you wanted to take out.
lr050558
lr050558   |     |   Comment #51
Easy application online. So much easier than Andrews and Freedom. No waiting period to become a member. I needed to call customer service to ask a question and although there was a wait on the phone, the agent representative was knowledgeable and efficient.
RJM
RJM   |     |   Comment #52
Today was my 3rd CD with NASA, other than a 3 minute wait for a phone rep after my shared branch deposit, it went very smooth again. The beneficiaries that were already there apply to all accounts with them so I did not have to bother with them again.

Also, I asked them to CLOSE the CD automatically at maturity rather than buy their regular rate cd.
This allows me to sleep easy knowing I won't get locked into a bad CD if I somehow forget.

She confirmed that the shared branch withdrawal would work the same as the deposit except the shared branch would cut me a check. I am unclear if any shared branch might charge a fee for the check. I'm guessing they might.

I pretty much maxed out all my available funds except for $55k in RCAs and a few thousand extra.

I have some funds in my brokerage accounts in the event I go on a buying spree by year end.

I do not have any more money available for new CD deals until the first of the year.

My expectation with this CD is the 3.25% will look good for 4-6 months and then, Id imagine other deals will have similar rates and for the last 4-6 months, the rate may not look that great. Which is fine.

My maturity date is 12/4/2020.

After midnight, I will close a pair of ally 5 year 2.25% CDs and take the 150 day penalty for the bulk of this CD. If I had brass ones, I would wait an extra day but I don't want to risk bouncing a check.

Although if it somehow tries to clear before midnight, I guess I will. I don't think that is likely.

I hope NASA has another killer deal when this one matures but I would not bet on it.
RJM
RJM   |     |   Comment #66
Maturity date is 2019, not 2020. Duh.
anonymous
anonymous   |     |   Comment #58
When I applied for membership/savings acct, I noticed the website address changed to https://app.loanpq.com..... like it was a loan or something. Was this the web address that other people got ?? Just hoping this was the legit address, especially since I reluctantly uploaded the secure documents that nasa required.
alan1
alan1   |     |   Comment #59
It's legit. NASA FCU is one of a number of credit unions using MeridianLink products as part of the CU's online capabilities.
https://www.meridianlink.com/solutions/for-credit-unions/
https://www.meridianlink.com/products/loanspq/
Ann
Ann   |     |   Comment #156
Yeah, I just signed up for Premier Members Credit Union and they used the same loanspq application management service. Many small banks and credit unions don't have the resources to develop their own unique software, so they buy packages/services like this. The online account software will surely be another package/service they bought that people with several accounts have probably seen before.
RJM
RJM   |     |   Comment #67
My new NASA CD was not immediately reflected at MINT. Not sure why not. Maybe it takes 24 hours?

But it did not take 24 at Keesler. Can't recall if my first 2 at NASA were delayed at mint?
RJM
RJM   |     |   Comment #81
It is now updated at mint.
anonymous
anonymous   |     |   Comment #69
if anyone knows the answer, please reply. question/comment #61 is under comment #7, re nasa 10k ach limit. i think my question may have gotten lost in the shuffle. i should have put it at the end of
the comments. thanks.
Sylvia
Sylvia   |     |   Comment #70
That limit applies only to transfers (deposits or withdrawals) initiated at NASA. I've always done what you said: had CD proceeds transferred to savings, then pulled from outside.
Anon456
Anon456   |     |   Comment #99
I have found that MOST places these days have pretty small ACH limits for outgoing (PUSH). That is because their is some liability with it. Many will have much larger or no limit for ACH money coming in when originated elsewhere (pull). ALLY BANK has very large limits based on your holdings and history. I have done ones over $100K with them.
Tincan
Tincan   |     |   Comment #71
Does anyone know if the credit check would be a soft or hard inquiry? I called the CU and the representative said it's a hard inquiry but she was not confident.
Nothing
Nothing   |     |   Comment #75
If it is a new account it "usually" always (b/c of requirements of credit reporting agency) a hard pull. Soft pulls are only where there are existing accounts. Does anyone have access to the credit reporting agency "rules" on same?
Ann
Ann   |     |   Comment #157
It's not a credit agency requirement. It's the credit unions wanting to check in advance if you will be a desirable member for them to market future loans and credit cards to.
Anon
Anon   |     |   Comment #74
Do they ask everyone for a SS card and Current bills etc. That seems like too much to ask of a trustee to open a trust acct.
alan1
alan1   |     |   Comment #76
I was only asked for a drivers license. Before sending them money for the CD, I had an an online chat with a representative. Before transmitting funds, I wanted to find out if they might want anything else. She took a few minutes to check, and informed me that nothing else would be required.

So far so good.
RJM
RJM   |     |   Comment #82
Back in Feb, their system asked for my SS card but then later via email or secure message they said it was not needed. Not sure why their system said otherwise.
highrate
highrate   |     |   Comment #78
this is only a hot deal if we believe rates will be higher in 15 months
cdinvestor
cdinvestor   |     |   Comment #83
Something odd in the Member Certificate Application for those who aren't yet a member.
Under the email address it asks for a "Password".
Is this for those who are already members because I can't imagine that they would ask for an email password.
(Yeah like when hell freezes over) lol
cdinvestor
cdinvestor   |     |   Comment #84
Finally got through by phone. Will just ignore the password.
Ann
Ann   |     |   Comment #158
They probably wanted you to pick a temporary password for them to set up your initial online account access. Then you log in and change it to something private.
Sylvia
Sylvia   |     |   Comment #85
I went to a shared branch earlier today to deposit check for CD, and check was refused. CSR said only that my account was “blocked.” Upon contacting NASA, I was told shared branching had never been “granted” for me.

Unlike other credit unions boasting participation in shared branching, you cannot presume access with NASA membership. It’s apparently something that must first be requested. My request is now pending approval of department that was closed when I called member services.

Lesson for those planning to use this method: If you, like I, have never used shared branching for your NASA account, confirm access before making the trip.
Amos
Amos   |     |   Comment #87
Sylvia - Thanks for the tip. I plan to use a shared branch deposit also but was assured by a CSR today that a deposit, in any amount, could also be pushed in by an ACH transfer from another institution, provided the other institution would allow it. I think that Ally, for one, would allow such a transfer.
Sylvia
Sylvia   |     |   Comment #92
Amos, after braving heavy commuting traffic to make the trip, I'm not keen on another. I've decided to go the ACH route, one I've successfully used before. If you're new to the shared branch scene, another tip is to confirm their system is operational before proceeding. On previous occasions, the one I visited today has claimed system failure for inability to accept deposits, leaving me scrambling to find another co-op location. To go the ACH route, you'd have to get NASA verified with source bank, then comply with bank's limits. With mine, I'll have to make multiple xfers.
Anon1
Anon1   |     |   Comment #89
I had the same thing happen with them a while back. It wasn't hard to set up access and it does seem to "stick" (just reconfirmed it is still in force) but it did waste a trip at the time. Our shared branch said some CUs do require this step.
Mak
Mak   |     |   Comment #90
Sylvia, same thing happened to me and I've been a member of Nasa for a long time. I called Nasa while I was at the shared branch and I was told it was due to an increase in fraud activity at the shared branches.... she asked me some security questions over the phone and then I was able to make the deposit, it was a pain though. I also had to send her a picture ID when I got home.
Mak
Mak   |     |   Comment #91
I have used the shared branches to deposit into Nasa many times so this was something new.
Sylvia
Sylvia   |     |   Comment #93
Thanks Anon1 and Mak for sharing your experiences. Maybe the lesson is broader, and we need to confirm before each shared branch visit. As another long-time member, I had always took NASA to be laid back. Recently, during a call, they asked if I wanted to set up a phone PIN. I was agreeable until they told me it would involve answering those authentication questions. I declined, using online banking instead. My ATM card for regular CU (Alliant) was blocked for the 1st time at a 7-11 not too long ago, causing me some anxiety. Alliant’s fraud dept. asked that I confirm transaction. I learned the store was being monitored due to high incidence of fraud. Fraud is either up all over or CUs are becoming more vigilant.
marcal
marcal   |     |   Comment #206
I called NASA FCU after not being able to make a deposit at a shared branch and was told that as a new member I had to wait 30 days to use a shared branch. I also have money coming due Oct. 1st that I was hoping to take to NASA, but the money has to be there by Sept. 30, so the 10 day to fund does not apply.
RJM
RJM   |     |   Comment #208
Read below near the end, Daniel is a new member and was able to do the shared branch deposit.
???
???   |     |   Comment #212
not the point
his funds not available till 10/01/2018
111
111   |     |   Comment #94
I'm still mulling this one over, mainly because I have funds coming available next month, days too late for their deadline, plus I went all-in for the Keesler deal. In any case, though, this business about NASA CU disallowing shared branching, at least for some members, kind of sticks in my craw (I'm not a member at NASA currently). In 2018, both Sharonview and Keesler had absolutely no problem with me doing initial funding via shared branching, as a BRAND-NEW (and long-distance) member. Same for AgFed in 2017. I mean, none whatsoever. And never with any of those 3 did I have to "specially ask, pretty-please" for shared branching access. It is either available, as with those 3, or clearly unavailable, as with, say, Alliant or Navy.

In fact, I've not heard this supposed shared branching "fraud" allegation mentioned anywhere else but in connection with a single CU - NASA! Hmm.... That alone could be a reason to avoid this deal.
Mak
Mak   |     |   Comment #95
I called Nasa before I went to the shared branch so they also could have mentioned it then or they could have sent out a mass email letting everyone know there was a change so that was the only pain for me. That being said the extra security can't be a bad thing so I have no worries about Nasa.
RJM
RJM   |     |   Comment #96
I think I have done a total of 5 shared branch deposits. Three for NASA, one for Keesler and one for Andrews. None were rejected. I am not a huge cell phone user but I always have it in the car. If I ran into a situation, I would call them on my cell phone and resolve it right then.
Anon456
Anon456   |     |   Comment #100
RJM - same here. Have been using SB for YEARS, and never a problem. NOTE - check first, but I have found one or two that CHARGE if you use the SB, even for a deposit. APPLE FCU is one of those. Most do not.
RJM
RJM   |     |   Comment #103
the first & only time I was charged a fee for using a shared branch was many years ago. I withdrew some cash that I needed quickly and was pressed for time. The shared branch did not mention it and I did not pay any attention until later that night but I found I was charged a FEE. I was not a happy camper. I called the branch the I used the next day and they said they did not charge the fee but that MY credit union did. I called & got that removed and gave them a piece of my mind for that silly rule.

No fees for any deposits ever. The one closest to home is the one I use most but they have never had a competitive rate so I never opened an account with them.

Its the smallest one I have ever been to with a total of 4 windows and a drive thru but I have never seen more than 3 employees and usually its just two. And the drive thru is for members only. LOL
Anon456
Anon456   |     |   Comment #101
I just finished two accounts. Got my wife's done in one day, mine took a few days because I had to get the funds together. Online opening was easy, normal security questions from the credit report pull, and I did an initial funding for mine via ACH during opening. I did my wife's via "mail us a check", but then same day did a SB deposit for BOTH the share and the CD.

I did my Cd funding via the SB too. No problem. THEN, I did an online chat (during business hours) to have the rep move the money from share to the CD. Very quick.

So far so good. Very please with the interface so far.

(YES, I did the DL upload via their web application. Not at all unusual these days.).
milty
milty   |     |   Comment #102
I think my experience is the same as many others here in that jumping through NASA CU's extreme hoops to open a CD account here just to earn 25 basis points more does not seem worth it. So run don't walk away from this unless you don't mind having to send or upload "notarized" copies of your driver's license, social security card, utility bills, car registrations, etc., even though you have already passed the identity test questions.
RJM
RJM   |     |   Comment #106
I only had to send a copy of my license early this year. I think their system initially asked for a copy of my SS card but that request was later deemed not needed when I indicated it was a deal breaker because I have not seen mine in 15+ years. Like Keeslers request for a drivers license and a notarized signature, I think these things are vestiges of prior policies before the identity questions came along. I was able to get the last person I talked to at Keesler to tell me that stuff was not needed after pressing them on it so I did not send it. Prior to the Keesler deal, I would not have considered any place that required a notarized signature. When II originally opened the nasa account for the 2.25% 11 month, i would not have followed thru if they had insisted on it. But a different Kessler rep assured me that almost all CUs have one or more on staff and would not charge a fee for members anyway.
Nothing
Nothing   |     |   Comment #108
In about 6 months “they” will stop requesting SS number/card but want new Medicare card picture which then will start to appear on credit reports!
Sylvia
Sylvia   |     |   Comment #107
*Update On Shared Branch Experience (#85)*

NASA followed up on my request early this morning. The associate was very patient in answering my many questions about their procedures, particularly why some must seek permission for usage, others not. She cited over and over increased fraud at shared branches over the past couple years. Their intent is to keep fraudsters from ripping off NASA members through shared branching, she explained.

As focus is on protection of member funds, accounts with large balances are of particular concern. Conversely, those with little money on deposit (and, therefore, at risk) should have no problems depositing a check, she said. Also, if you’ve used shared branch w/NASA in the past year, you’re probably okay.

To gain access, I had to answer identity verification questions and submit copy of ID, much as Mak shared earlier. After satisfying requirements, I was officially welcomed to use shared branching. Should lapse of time between usage extend beyond a year, I will have to re-submit myself to authentication questions, I was told.
RJM
RJM   |     |   Comment #109
I could see requiring approval for shared branch withdrawals maybe. But DEPOSITS?

How many scammers deposit money in other peoples accounts? And the shared branches require a picture ID and the last 4 of your social.

But thanks for the heads up. I will call before I attempt to pull out via a shared branch early next year when my 2.25% 11 month matures. (unless NASA has another special deal at that time)
Sylvia
Sylvia   |     |   Comment #110
RJM, I agree that it's overkill. Giving them the benefit of doubt, I have to think they've developed procedures based on intelligence about fraudster behavior. By the way, why are you not considering an ACH pull (initiated from outside) for withdrawal of CD proceeds? That's what I've always done. After this experience, I shudder to imagine scrutiny facing check withdrawal request from NASA at shared branch.
RJM
RJM   |     |   Comment #112
That's a good point. I should set myself a reminder to link the NASA share account with my broker before the CDs mature. Or Ally with a $200 prior push/pull to prime it for faster ACHs.

I have always felt like I lose a days interest with ACH transfers. I know when my last several penfed cds matured, I did not get availability until the day after they matured which meant I was forced to earn little or nothing on the CD proceeds for a day. (In the low paying share account)
Sylvia
Sylvia   |     |   Comment #114
Checks are subject to holds, depending on amount, possibly over a week at some places. I use Alliant which makes ACH deposits immediately available, allowing me to move funds in and out quickly.
RJM
RJM   |     |   Comment #121
I don't have an account at Alliant. Fidelity makes ACH transfers immediately available for buying power but I'm not sure they would let me transfer it all out the moment after transferring it in. That is, they'd probably want the funds to clear first. I have written checks and and played the float with Fidelity transfers in route but I always had excess cash or buying power such that I was never at risk for a bounced check. Indeed, a few times when I wrote large checks out of Fidelity, their security measure was to call or email for me to call them to confirm the check was good. That may have been when I opened the Northern account for the 2.26%.

Now, that account is near empty because of the Keesler & this deal. And, by the time Jan rolls around, I don't think 2.26% will be a top rate for much longer. More like an average rate.
Also, after your post yesterday, I went ahead & set up a link at Ally for the trial deposits. So I can ACH out when the time comes if needed.
Sylvia
Sylvia   |     |   Comment #131
At Alliant, I can transfer out monies the same day they appear in my account by ACH. Their only disadvantage is the $25K daily limit on outbound transfers.
Riley
Riley   |     |   Comment #111
I really wanted to open this CD but unfortunately I am gonna have to pass. I can't fathom why they would need to do a hard credit pull for me to lend them my money. I am not applying for a loan or credit. That's just ridiculous! Most institutions do soft pulls or a chex system inquiry.
DCGuy
DCGuy   |     |   Comment #115
They apparently want to review your financial history to get a better idea of what type of person you are with regards to managing money. If you have a bad credit history, the conclusion could be that you could manage your bank account with them in the same manner.
111
111   |     |   Comment #116
DCGuy - That may be one reason, but it's been my experience that in scenarios where customers are starting CDs but NOT applying for credit, CUs are far more likely to do hard pulls than banks. If the main reason were "analyzing how the customer has managed his accounts", one would think that the likelihood of each genre's doing this would be roughly equal.

I think a significant additional reason is that CUs are far more likely to try to market stuff to new customers, including a lot of credit products. The CUs I've joined this year and last for competitive CDs have deluged me with emails re. credit cards, auto loans, HELOCs, etc., far more so than the banks where I also started CDs or other deposit accounts. Not really a complaint, because it hasn't been intrusive (no phone call, etc.), and I can delete emails pretty fast. And who knows, one of them might actually be a good deal, someday.
dollarsncents
dollarsncents   |     |   Comment #117
111, I believe both you and DCGuy have got it right. Apparently a some people just don't understand why banks and CUs do what they do.

If some people think they require unnecessary credit checks and other Info, simply just forget that financial institution and move on.
RJM
RJM   |     |   Comment #122
I opened my NASA account early this year and they did NOT do a hard pull for me. (Keesler did)
I opened a total of I think 7-8 new accounts this year and Keesler was the only hard pull.

And going back 5+ years ago, a local CU did.

I agree its ridiculous but a hard pull is never going to keep me from an attractive deal because my credit score is very good and it could go down 50-75 points and still be good or "prime". So I just can't see how that is a huge impediment.

And going back about 15 years ago, I was rejected for a bank account withOUT a hard pull. I guess they did a chexsystems pull or something and must have determined they did not want me or rate chasers in general I guess as customers. My chexsystems is not bad but I must have had too many new accounts at the time or something. At the time, it ticked me off and I could not get a straight answer from them as to why and they absolutely would not consider any exceptions.
Ann
Ann   |     |   Comment #159
Yes, some banks and credit unions definitely reject applicants based on the amount of recent accounts on their Chexsystems report. IIRC, Blue FCU is particularly strict about that, for one example.
Att
Att   |     |   Comment #118
I'm already a member. Opened CD online and mailed check with member number on it per instructions. Had one of my muni bonds called yesterday so had funds to open a small as CD. Going from a 4.5% tax free bond to a 3.25% CD hurts. Upset that the Muni bond rates are not going up.
RJM
RJM   |     |   Comment #123
Just sent this email to NASA. Trying to clarify their "new money" requirement for CD specials. In the event they have an ok but not great deal. Posting here as a reminder to others and I will post their answer for future reference.
---------------
I have a CD maturing in Jan and I am trying to clarify your new money requirement.

I know they say $5000 in new money is required and that is easy if you have a really good rate at the time. But if your rate is what I consider mediocre, could I bring in $5000 of new money while concurrently transferring out say have of my old CD amount?

Thanks.
???
???   |     |   Comment #127
I don't think sending money back from the same FI that you w/d it to will count as "new" money.??
RJM
RJM   |     |   Comment #124
I just verified my trial deposits at Ally. And set up a $200 transfer to NASA just so that if I use Ally to ACH money out of NASA in the future, I will get faster transfers.

The $200 is coming right back out of course because their share account does not pay much.

This brings up the question....does NASA have a limit of 6 per month? Because I am aware of one that only allows 3 and Keeler only allows 4.

I probably won't need another this month but the transfer to the CD was one, the trial deposit take back is two and a transfer back out of the $200 is three.
Amos
Amos   |     |   Comment #125
RJM - Did Ally email you to confirm that you're trial deposits at NASA had been verified? My trial deposits at NASA were done overnight and appear in the NASA savings account but I have not yet heard from Ally. TIA
throttleplate
throttleplate   |     |   Comment #126
i had a large amount of funds in citizens access online bank and did a trans out using ctizen to ally and it took 1 day for ally to get it. Then i sent to nasa from ally money to fund cd and it took 1 day . I allready had an account at nasa. I aso called nasa using the pin code number they assigned me and there was no wait just had to start by pressing 1 on the menu.
RJM
RJM   |     |   Comment #135
Amos, You have to go to the link at ally & enter the deposit amounts and then you should be good to go. At least after you log out & back in.
 What I do know is immediately after entering the amounts at Ally, the link was not yet active. So I logged out and when I came back, it was good to transfer. (The slow way anyway for now) I expect it will speed up after the $200 gets pulled back and some time passes. But easily in time for my first maturity of I think Feb 16th?
Sylvia
Sylvia   |     |   Comment #130
RJM, under Federal Regulation D, you’re limited to 6 withdrawals/transfers in any calendar month. Some types count against the six, others don’t. Yours do. For more on Reg D, https://www.nasafcu.com/reg-d/.
RJM
RJM   |     |   Comment #137
I thought I knew about Reg D, but 2 different credit unions told me THEY limit me to less.

APCO said 3 and Keesler said 4.

So the question becomes, can credit unions set their own, lower limitations? Or did 2 different ones give me incorrect info?
Sylvia
Sylvia   |     |   Comment #145
You can try posing the question on the Forum, where it might attract attention of a banking expert. Not being one, I had always assumed 6 was the # of withdrawals we're each allowed, not the max that a financial institution can offer.
Ann
Ann   |     |   Comment #160
Each institution can set any withdrawal limit they like, as long as it's no higher than 6.
Newbie1
Newbie1   |     |   Comment #163
@RJM When you set up the account for the trial deposits, did you use your NASA member number plus the share savings suffix, or just your member number? Thanks.
RJM
RJM   |     |   Comment #164
Just the 6 digit account number that I used to log in with.

I have a $200 deposit in route which I have set to yank back out Thursday I guess.
Newbie1
Newbie1   |     |   Comment #165
Thank you RJM.
deeMatrix
deeMatrix   |     |   Comment #166
I spoke to NASA CU rep and you need the 14 digit number to set up an external link to your NASA savings account. You logon to your account and go under "Services" and then select "EPN form" under Checking and Savings section and you will find it. It follows a format of "1000000XXXXXXx" where the large X's is your member number and the small x is some number they apparently assign as different on the two different member savings accounts we have.
Newbie1
Newbie1   |     |   Comment #171
@dee & @ RJM
I have also just spoken with a NASA rep and was told the same, and given a 14 digit number. I called because Ally could not verify the account, yet the trial deposits show at NASA. Yet you had no issues RJM?
RJM
RJM   |     |   Comment #173
I had no issues with my 6 digit account number. And Ally DID verify the account.

Years ago, I had a CU account and it had a suffix for the checking account. With NASA I did not call or email,I just put in my 6 digit acct number and it was fine.

It accepted both the trial deposits, withdrawal and a $200 transfer in. So I don't anticipate a problem when my first CD matures on Jan 20th.

They had a prior 11 month 2.25% that was a deal at the time.
Newbie1
Newbie1   |     |   Comment #181
I probably should have called NASA before I set up the transfer. Using the 14 digit EPN seems to provide immediate 1day transfers. Let us know what happens in January next year....
gregk
gregk   |     |   Comment #128
For anyone considering moving an IRA into this CD, a NASA rep told me yesterday that as long as the transfer is in the pipeline they will honor this offer even if it ends before the funds are received.
Sylvia
Sylvia   |     |   Comment #129
*Update on Shared Branch Experience II (#85 & #107)*

Lesson for those planning to use an unfamiliar shared branch: ask about branch limits in advance of visit. After obtaining NASA approval, I decided to fund CD with check deposit at shared branch instead of ACH transfer as the latter would entail multiple transactions owing to source bank’s outbound limits. Closer than the previous branch, this was one I had never visited and didn’t know existed until I used NASA’s search tool.

After thoroughly scrutinizing my documentation, the CSR said my check amount exceeded her authority level, which was only $7K. I had to wait until her manager was available to give the okay. Unprompted, the CSR talked about their heightened concerns with fraud. One area of concern is fraudsters using fake IDs. “I know the regulars who come here, but …” Unspoken was she wouldn’t really know me or any other random visitor through the co-op system.

Her manager did approve the check, allowing me to open the CD yesterday. Today, an email arrived from NASA noting my apparent shared branch visit. It was not the customary request for feedback that retailers now send us. Instead, I was asked to contact them immediately if I was NOT at the shared branch.
Amos
Amos   |     |   Comment #132
A NASA CSR told me that there would be a 60 day waiting period before I could be granted permission to use a shared branch to make a deposit. Then, I discovered that my bank had a daily amount limit on making ACH transfers out to NASA. I ended up making a wire transfer, with no amount limit, but before the bank would make the wire transfer, they called me to verify my identity, wire authorization, etc. Anyway, mission completed. :-)
Sylvia
Sylvia   |     |   Comment #136
Amos, congrats on closing the deal! What you described with the wire transfer is pretty typical; bank's don't treat those lightly. That 60 day waiting period must be a new rule as others here had reported no problems in making their initial NASA deposits through a shared branch. If you're equally constrained on inbound ACH transfers, it's time to find another bank, otherwise you'll be limited to paying for wire transfer (again) at maturity, awaiting check in the mail or picking it up at shared branch. After my recent experience, requesting a check through shared branch would not be an appealing option.
RJM
RJM   |     |   Comment #138
Amos, that is just absurd that you couldn't make a shared branch deposit for 60 days. I would have went up the ladder and raised my voice over that.

But, I have done THREE shared branch deposits and did not need permission for any of them.
Were they unable to verify your identity or something unusual?
Amos
Amos   |     |   Comment #144
RJM - No, nothing unusual with respect to my application or account except maybe it's because I am totally 'new' to NASA....either that or the CSR misinformed me.
GolfR
GolfR   |     |   Comment #133
Has anyone done any of this in actual branch? I have one about 15 minutes from my house in Maryland. I'm wondering if I should do anything on line at all, or go locally to establish membership, open accounts etc.
we're waiting
we're waiting   |     |   Comment #134
15 min. away? Take your bag of money and walk quickly. Face to face is avoiding a lot of the questions and proofs that could come up. make sure you have documents needed.
RJM
RJM   |     |   Comment #139
I would probably open the share account online and fund it with a credit card. And then when you get your account number, make the deposit in branch. Or even at the night deposit and call the next day to open the cd. If I recall, it might have taken an extra day or two for me to get "final approval" and an account number? Because initially, I was asked for SS card. And that would have probably been a deal breaker for me. I might spend 5 minutes looking for it but beyond that, I would have said forget it. But, they later changed their mind and did not need it.

I used a shared branch so you may be able to go to a closer credit union for the CD deposit but call first because Amos reported an issue above. But I had no issue 3 different times.

Its absurd that you can't make a deposit without permission. I could see maybe requiring a call for a cash withdrawal at a shared branch. Not a deposit.

Do they have hundreds of people depositing bad checks in other peoples names? And if so, what purpose? They will bounce and the scammer wont make a dime.
Sylvia
Sylvia   |     |   Comment #142
RJM, surprisingly, yes. The CSR I spoke to yesterday cited a sample scam where fraudsters deposit bad checks with fake ids, taking some of the proceeds upfront in cash. As she said "alot of checks," I'm gathering these schemes are perpetrated by crime rings, not a single individual. She said the shared branching system is the single biggest source of fraudulent transactions for credit unions.
Sylvia
Sylvia   |     |   Comment #143
P.S. to #142: When NASA restricts access, it's not just for deposits, it's for all usage of shared branching, including withdrawals.
Ann
Ann   |     |   Comment #161
"taking some of the proceeds upfront in cash" means they are withdrawing. A partial withdrawal done on a deposit slip is still a withdrawal. Still doesn't sound like much justification for restricting pure deposits.
RJM
RJM   |     |   Comment #162
And its hard to fathom how any credit union ate a loss over something like this unless they have policies which give people $200-500 credit against a check deposit. And I would have never thought any would do that let alone at a shared branch.

In any event, its not that hard to call in advance prior to a shared deposit in the future. So appreciate the heads up.
dollarsncents
dollarsncents   |     |   Comment #140
No, I have not done any of that in an actual branch. However, I I were that close to the branch, I would have been there without hesitation. Most likely done effortlessness and without any possible online glitches.
Sylvia
Sylvia   |     |   Comment #146
GolfR, by going to an actual branch with checkbook and documentation in hand, you'd be able to take care of everything in one visit -- become a member, open and fund CD. Those who aren't blessed w/proximity like you can only do those things sequentially with a lot of time wasted in between.
Anon
Anon   |     |   Comment #141
Just opened this afternoon after share branch funding, when I spoke to the CSR on the phone and told her I wanted to open up a CD and she took down all my information. When I was told OK you're all set, I asked don't you want to know the term I want? She quoted the 15 month I'm sure. We both cracked up laughing! can only imagine how may she opened.
solarado
solarado   |     |   Comment #147
I feel like a rocket scientist for getting in on this deal. The interest rate really is well above anything else with a similar term. Am finding that funding via wire transfer is the way to go, avoiding all the ACH limits and delays, lost days of interest, and shared branch hindrances and check holds. I feel indebted to Ken and all the DA readers who post their thoughts and experiences. And I laugh every time I see a local newspaper ad proudly boasting interest rates half of those touted on this site. DepositAccounts makes us all banking rocket scientists!
Daniel
Daniel   |     |   Comment #167
Hello -- I set up an online account and deposited the $5, it went very smooth.

How do I get the CD funded, I looked into the transfer section but did not find anything about transferring in funds?
kimberly schrock
kimberly schrock   |     |   Comment #168
Thank you for your question! I would love to help.

Which CD would you like to open? Unfortunately, the 15 month CD special requires a $5,000 minimum, so $5 would not qualify.

Let me know if you have any other questions!
Daniel
Daniel   |     |   Comment #170
I have opened the share account with $5 as per requirements to open.

For the CD I want the 15 month CD for a total of $250K. I have sent a message into the portal requesting this information as well. For some reason I can't find a transfer option/ACH?
alan1
alan1   |     |   Comment #172
Daniel -- The CD can be funded by sending a check via USPS. It can also be funded through a shared branch deposit, but numerous comments indicate that you need to get permission from NASA to make the shared branch deposit.

For further info, I'd suggest an online chat or telephone conversation with a NASA FCU representative.
NASA Fan
NASA Fan   |     |   Comment #189
You probably already received an answer from NASA, but for others, you can't pull from NASA because the maximum is well below the minimum to open the CD. To verify the account with another bank, you need the EPN for your account. In the online portal, go to Services then Checking & Savings then EPN Form. It doesn't appear to allow a transfer to the CD, so you'll have to transfer to the savings then to the CD.
NASA Fan
NASA Fan   |     |   Comment #195
Apparently you can't transfer from the savings to the CD on your own. You need to have NASA do it. Overall a tedious process which could be significantly simplified if the funding could occur during the application like is typical.
Brad D
Brad D   |     |   Comment #169
I funded via Wire xfer. I opened my account this morning, did Ally wire xfer ($20 fee) to my NASA savings account ~08:30, Ally called me ~13:00 to verify I initiated the Wire xfer, Wire xfer showed up in my NASA CU savings account ~15:30, I called NASA CU and had the wire xfer funds applied to the 15 month CD. This was very easy and all same day.
Phat
Phat   |     |   Comment #190
For the wire transfer, did you use the EPN as your account number, or did you just use your member number?
Brad D
Brad D   |     |   Comment #191
My NASA CU account number
RJM
RJM   |     |   Comment #174
You need to push the funds in or do a shared branch deposit. (Call first) Or a wire.

I have 3 NASA cds and I used shared branch for each. I am unaware of NASAs ACH capabilities.
You deposit into the share account and then call in the same day and have them open the cd otherwise you will have to wait for the check to clear for you to be able to open the cd online.
Daniel
Daniel   |     |   Comment #203
Thank you all...in the end I did a shared branch deposit which was amazingly easy. The hold is for 2 weeks on the check but then I called NASA and they moved it in the CD account so it's earning interest while being held. So with all being said I ACH out of goldman which took 2 days and one other day wasted so interest lost was 3 days only.
Daniel
Daniel   |     |   Comment #220
Yes I was a new member...opened account, then got tired of NASA pushing in pennies to verify my linked account so looked into the shared branch deposit. Was amazingly easy.
#221 - This comment has been removed for violating our comment policy.
Milty
Milty   |     |   Comment #175
Has anyone else had to send in notarized copies of various identifying documents in order to get an online account created at NASA CU?
#176 - This comment has been removed for violating our comment policy.
Ann
Ann   |     |   Comment #177
They don't seem to require the notarized aspect for most people. Is there something unusual about your situation? Have you tried calling the CU to verify that it really is something they're requiring for you? Could've been a mistake.

On the other hand, unless you no longer have any local bank/CU accounts, it probably wouldn't cost you anything but time to go ahead and do it.
Ann
Ann   |     |   Comment #178
(Or from the other comment, maybe the notarization demand is coming eventually for everyone, I don't know.)
Milty
Milty   |     |   Comment #179
Nothing unusual that I know of, but supposedly nasa is sending me a letter as to why my application was denied. Btw, I did call them saying I did not want to send notarized copies. A day later my application was denied.
Milty
Milty   |     |   Comment #180
Also, just to be a pain, an considering asking state attorneys general to investigate. Reviews on Yelp of nasa are particularly negative.
Mandy
Mandy   |     |   Comment #186
I think the attorney general will be particularly interested! Good luck and let us know how it goes.
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rockies
rockies   |     |   Comment #183
Opened new account last week and called today to get "permission" to make shared branch deposit. Agent told me that no shared branch deposits would be allowed for 90 days following new account opening. So, she said I could wire, ach or send a check.
Sylvia
Sylvia   |     |   Comment #184
Sorry to hear that. You're the 2nd to report waiting period, although Amos (#132) was told 60 days. Well, at least you didn't waste a trip. I'm told they give you 10 calendar days to fund the CD, which is plenty of time to set up ACH from outside, if that's your preference.
Chris
Chris   |     |   Comment #185
Strange how there are such conflicting experiences in these comments. I opened my first account with NASA on 9/10, a Share Savings and the 15 month Certificate. Without asking, I went to a shared branch today and deposited a check to fund it. By the time I got home it was showing in my account (not cleared, but showing) and the CSR then moved it from Savings to the Certificate via chat. The whole process was very easy/predictable. The application only required uploading an image of my license and account was approved. So far I'm impressed. NASA CSR's are very quick and knowledgeable. Maybe if you answer any of the security questions wrong in the application they make you jump through a lot more hoops?
rockies
rockies   |     |   Comment #187
Nope. I opened my account online using the security questions last week with no problem at all. The shared branch restriction was something different today. So, I ended up sending a wire.
Sylvia
Sylvia   |     |   Comment #188
Chris, I did not know that NASA offered a chat function. Where do you access that?
Chris
Chris   |     |   Comment #192
Sylvia, when you're logged into your account click on 'help'. A menu will pop up and then click on 'online chat'. I've asked a few quick questions that way and there was no wait except once I was third in line. When you're logged into your account and use chat they automatically have all your info in front of them.
Sylvia
Sylvia   |     |   Comment #196
Chris, I'm guessing the account you've referenced logging into is the one created with online application process, not eBranch, which was where I was looking. That chat function must only be available to recent applicants for membership as there's none to be found in online banking, i.e., eBranch.
Chris
Chris   |     |   Comment #197
Sylvia, chat is under eBranch help from 8am to 5pm EST. Outside of that time, it's not there and there's no mention of it.
Sylvia
Sylvia   |     |   Comment #198
Chris, it worked! Thanks for explaining everything.
binder
binder   |     |   Comment #194
FWIW....open two accounts on line.....One regular and one trust account. The regular account was immediately approved. The $5 funding for the savings account was done via routing number and checking acct number. The Revocable trust account had to be open a little differently. One needs to go to the Membership page and there is a link for "specialty accounts". Very similar process except it asks for uploading title and signature pages of the Trust. The trust account went pending put was approved within 24 hrs. Ended up with two separate accounts with different numbers and passwords. Funding of the certificate was done painlessly...check deposit via shared branching into the savings account followed by a call to transfer into the certificate. While one cannot add to the certificate one can open several 15 month certificates.....to minimize impact of an early withdrawal.
NYCDoug
NYCDoug   |     |   Comment #199
A footnote to this hot deal: once your account is created and your CD rate locked in, your maturity date is also locked in (15 months from opening) -- even with a zero balance. So you lose a potential 3.25% (APY) interest for every day your account is not funded [up to 10 days, presumably, before a non-funded account is automatically closed].

Mine was opened yesterday, the 12th, but I don't expect to have funds in it until this coming Monday, the 17th. I'm wondering if it makes sense to fund this "locked" account with the minimum $5,000, and then put the balance of my transfer into a new account -- presuming the 3.25% rate is still available on Monday.
RJM
RJM   |     |   Comment #200
If what you are saying is correct, you are not losing interest, you are shortening the term by a few days and that is not a terrible thing because its likely we have higher rates 15 months from now.

But, I'm not sure the maturity date is indeed locked as you say. I would bet the maturity date will change to 15 months from whenever its funded.

I funded all 3 of mine with shared branch deposits.
And the last 2 I did not open until the share account was funded. The first one, I am not sure on.

But, if its going to take you time to get the rest of the money there, not much downside in going ahead & buying the $5000 one today if its already there. As opposed to earning .5% or whatever the share account pays.
RJM
RJM   |     |   Comment #201
And another thing, send them an email telling them you plan to open it next week and ask for a waiver in the event they end the deal it before it gets there. Most would agree to that.
McDuck
McDuck   |     |   Comment #211
for those that have the funds..
do most consider 100K minimum funding to make it 'worth your while'?
binder
binder   |     |   Comment #213
I believe you are correct about losing interest. I opened the account and funded the next day via shared branch. The maturity date did not change.
tricia a
tricia a   |     |   Comment #214
thanks for the heads up!

what a scam smdh
RJM
RJM   |     |   Comment #219
If what #213 and 214 says are correct, and I am not sure they are, it would be a GOOD thing in a rising rate environment, Not lost interest and certainly not a scam.I mentioned this in #200 too.
binder
binder   |     |   Comment #202
For those who do not want their certificate to renew automatically there is an option to transfer the funds into your savings account on maturity. Simply click on the maturity date and set your preference.
RJM
RJM   |     |   Comment #207
I just told them when I opened them to make sure they did not automatically renew. They were happy to oblige.

Keesler, on the other hand, said they nor I could not change that until closer to maturity.
Jag
Jag   |     |   Comment #205
I tried to apply for an account with NASA and they wanted me to unfreeze my credit accounts. I was willing to provide the other information but unwilling to unfreeze my credit accounts. I could see no reason why they needed that information because I was not applying for a loan or looking to establish credit. I want to give them money for a CD! They were extremely inflexible and acted like automatons (robots) with no other options available. I refused and therefore did not open the account.
Extremely extreme to me. Not experienced this with any other banks! Very disappointed in their lack of flexibility!
RJM
RJM   |     |   Comment #209
I have never frozen mine. I had my identity stolen once about 25 years ago. So I been there, done that and it was nowhere near as bad as people say. (Of course, I was not financing a house at the time)

A handful of phone calls, one returned letter and a fraud alert to my credit report. Easy.
Back then, I did not get alerted for hard pulls like I do now. So i would say its even easier now.
Nothing
Nothing   |     |   Comment #210
And, all, remember that the entity requesting the credit report merely "certifies" to the credit reporting agency that the info is (normal) for account maintenance, etc. Big Deal! There is NO verification of the facts behind the certification nor verification of/with the person on which the info is on. It is a sham!!
Jim
Jim   |     |   Comment #216
I plan on opening a 15 month CD and will use the one year complimentary membership with the National Space Society (NSS) to join NASA FCU. Will my membership with NASA FCU be adversely impacted when the one year membership with NSS expires?
Once a member always a member
Once a member always a member   |     |   Comment #217
Jim #216, your membership with NASA FCU will not be adversely impacted when the one year membership with NSS expires. With credit unions, once you are a member, you are always a member, unless you close your account.
Sangiovese
Sangiovese   |     |   Comment #222
Nothing but headaches opening the account. After multiple phone calls, unfreezing my credit, answering questions and jumping through hoops for four days, they opened it as a regular CD instead of the IRA that I specified. Yes, I followed the instructions to the letter to open the IRA. The mistake was on their end. Then, they told me I had to go through the whole process a second time to open a new IRA. I told them to keep their 3.25%. Not worth the frustration.
RJM
RJM   |     |   Comment #223
Funny i opened a grand total of THREE CDs with NASA with no problem whatsoever. (No inquiry for me back in Feb, March) (Keesler did and it knocked my score down 3 points)

I continue to not grasp why people freeze their credit either.

I have already had my identity stolen 20+ years ago. A half dozen phone calls over a few week period and one signed & returned SASE letter. I found the entire process interesting, not frustrating.

I have had fraudulent charges on credit cards a few times over 35 years but they easy to resolve.

Credit Karma is free and they send an immediate alert when anyone checks your credit. So you can take action the same or next business day and have the inquiry removed if it was unauthorized. 

I have found all credit unions ready & willing to bend over backwards for members.
I look for solutions rather than reasons to be frustrated.
Nothing
Nothing   |     |   Comment #224
I want to know even if soft pull!
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Sangiovese
Sangiovese   |     |   Comment #226
I'm happy it worked out well for you. I also look for solutions. My solution is to take my money elsewhere. Problem solved!
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Sangiovese
Sangiovese   |     |   Comment #230
I get it. You don't like credit freezes. That's your choice and I won't criticize you for it.
Nothing
Nothing   |     |   Comment #231
Wait until you apply to get your "Real Id" drivers license, Global Entry, etc.
#232 - This comment has been removed for violating our comment policy.
???
???   |     |   Comment #239
Because freezing your credit is the only way to protect yourself from fraudulent accounts being opened in your name in the post-Equifax world.

A credit freeze is pro-active. Credit monitoring isn't. By the time that Credit Karma sends you an alert it's already too late.
Nothing
Nothing   |     |   Comment #240
???Wrong. When one certifies (as cred reporting agencies call it) that entity gets EVERYTHING in a soft pull as one would get in a hard pull...only difference is fee paid by accessor. AND the public believes cred score is not impacted...which cred agencies don’t determine! Soooooo for protection against fraud EVERYTHING needs to be frozen AND for authorized access by the individual needs to be obtained. Freezes are a “fell good” remedy and mostly that is it!
RJM
RJM   |     |   Comment #241
response to $239

I have never had a fake hard pull. But IF one were to happen, I would be alerted within a day or 2.And then I could take action to have it removed. Which would happen in probably 10-60 days. In the meantime, it only dings your score a little. (My Keesler hard pull cost me 3 whole points)

My point being, the credit freeze seems like too much trouble for very little possible benefit.
But, if you want the trouble, then have at it.

I have had my identity stolen with 4 fraudulent accounts in my name. I had each of them removed from my credit before the bill was due and it only took maybe a half dozen toll free phone calls. And one of them wanted me to sign & return that it was not me.

Along those lines, I have had unauthorized credit card charges 5-6 times in my life.
Again, handling it is not a big deal. They even rush a replacement card at no charge.

So, the point I am making is the "trouble" from the worst case scenario is similar to the "trouble" of having and removing a freeze. Therefore, very little benefit.

I don't even have to change my billpay info because payments sent to my old card number are automatically and instantly applied to my new account number.

And, because most of us here are looking for top rates, we probably are not looking for large new credit lines/accounts so even a 30 point hit to our credit would not hurt most of us. My score is 826, A 796 is just as good for all practical purposes.
RJM
RJM   |     |   Comment #242
I guess i did have fake hard pulls back when my identity was stolen and those accounts opened fraudulently. But that was 20+ years ago. I meant in recent times.

If I would have had the notifications we have today, I could have immediately put a fraud alert on my credit which could & would have kept others from opening new accounts. The fraud alert seems like a better option? Mine just said to call me before granting credit. And, that alert kept the scammer from an additional account at Service Merchandise.
Back then I'm not sure I even had the fake inquires removed because I did not know to specifically ask for it.

I found out from the scammer trying to open a credit card at BAC and I already had one. So the guy from BACK told me to put the fraud alert on there which I did. I am not sure how long it lasted but I don't recall ever turning it off. I guess its possible it falls off after so long?

So, again, I see very little benefit from a credit freeze. Yes, its reactive rather than proactive but you have to turn it off & back on again every time you apply for credit or have a hard pull.

So yes, I read about the Equifax thing and I guess my info could be floating around out there in the dark web. But my ONLY issue In the last 5 years has been the fraudulent amazon charges on one of my cards. And the credit freeze would not have stopped that.
Eleganttree247
Eleganttree247   |     |   Comment #225
They would not open the account without submitting a "notarized" utility bill, social card or driver's license. That's ridiculous to have to go through all the application process, uploading documents and then turning around and having to get them notarized. I just called and a representative advised because my address was not in their State. They should have these requirements posted prior to applying for membership to open an account.
RJM
RJM   |     |   Comment #228
I think they just wanted a copy of my drivers license back in March or April. And they were ok with it coming later.

Keesler required a notarized form and a copy of my drivers license. While I would prefer not to have to do that, its only 1/4 mile out of the way to my credit union and they will take care of both. So 5 minutes for a premium rate.
lazy
lazy   |     |   Comment #234
i dont try to ease my way around the rules they set for accounts.
so just give what they want, get the deal with less stress
info is out there . never gave email to any site i've visited.
but get bombed spam. maybe it was AARP leak
AdamP
AdamP   |     |   Comment #233
Here's my data point from a relatively painless account opening and funding process:

Tuesday 9/11: Applied online from out-of-state. Uploaded scan of driver's license as part of application. Opened both share savings and 15-month CD. There was an option to fund via credit card with up to $500, so I did the maximum with my 2% cashback Fidelity card. However, the charge did not go through. (In hindsight, maybe I should have used a different card, since I've had other cases of the Fidelity card not working for certain online payments.)

Thursday 9/13: Received message that my application was approved. It was slightly convoluted: they sent an email saying I had a secure message, which I had to check online. I was slightly annoyed that it didn't have my account number, but I just waited. Without the account number I was not able to create a login for my online account.

I did not have to send any notarized documents. The application did have some weird identity verification questions, one of which I was a bit iffy on, but I guess it worked out.

Monday 9/17: I received their new-member welcome packet via First Class Mail. It contained my member number, so I was able to create my online login. There I saw my share savings and 15-month CD sitting with zero balance. I decided that the easiest way to proceed would be to send a check (drawing from my Northern Bank Direct 2.26% account, so I didn't lose too much interest with snail mail). I downloaded their deposit form (https://www.nasafcu.com/pdf/DepositPymtSlip.pdf), and mailed it in with the check Monday afternoon, along with a short note asking them to divide the deposit between the share savings(which has a $5 minimum requirement) and the CD.

Friday 9/21: Deposit showed up in online account, properly divided between share savings and CD. NASA accounts show that the deposit was processed on 9/20.
Milty
Milty   |     |   Comment #235
Looks like ElegantTree247 (not sure about RJM) had to send in notarized documentation but AdamP did not in order to open an online account, which makes NASA CU's process seem very arbitrary. The letter I received explaining why my application was denied simply says they could not authenticate my identity (I chose to not send the notarized docs). Have opened a case with NCUA.
denbish
denbish   |     |   Comment #236
there could have been some kind of hiccup with ElegantTree247 credit check to require the more vigorious verification.
RJM
RJM   |     |   Comment #237
I sent only a copy of my drivers license AFTER opening & funding the account. I think. Im 100% sure I did not have anything notarized for NASA. And they did not do a hard pull. (early in the year)

But, some posts way above indicate that they have somehow been talking precautions because of scammers using shared branch CUs. How escapes me because I would not expect anyone to give me cash for a new account before my check cleared but apparently NASA or the shared branches did and nasa ate the losses.

But that requires a fake drivers license and a fake check and that seems like a lot of trouble for maybe $200-300.
gregk
gregk   |     |   Comment #238
FWIW, though she refused the word "guarantee", a NASA rep told me yesterday this offer would be extended through October. With the Fed set to raise the Federal Funds rate next week perhaps some competitive deals will be soon after forthcoming. For those (like myself) holding 3% Northwest FCU Certificates maturing next month, the NASA CD may offer a smooth transition.
edlisal
edlisal   |     |   Comment #243
Thank you for posting that! I just discovered this deal today and have been reading through these comments wondering if there was even a remote possibility of opening and funding this account by the end of the week. I'm still not sure that is possible, but this definitely sounds promising. On top of that, I also have the Northwest FCU certificate expiring next month and that money will need a new home.

One thing I haven't seen mentioned is whether or not it is possible to fund the account with ACH when opening it. I've seen the $5 deposit and $500 credit card limit, then going to a shared branch, calling, mailing a check, wiring money, etc. But, can I just fund it (even into the share savings) while opening? Or ACH the money in .... granted, once I get the account number and get it linked to Ally or something to push the money in which won't happen in the next three day. Any feedback is welcome.
NASA Fan
NASA Fan   |     |   Comment #255
See comment #189 https://www.depositaccounts.com/banks/nasa-federal-credit-union/offers/#189 and #195 below it.
NASA Fan
NASA Fan   |     |   Comment #256
If you have Ally, they can push into the savings in a business day then it's a second business day for NASA to transfer to the CD after you contact them.
???
???   |     |   Comment #244
Just do the Agriculture Credit Union one
3.16% for 16 months may be a better chance.
NASA will have another 15m CD in October but no one can tell what the rate will be
#245 - This comment has been removed for violating our comment policy.
gregk
gregk   |     |   Comment #252
Yes we can tell what the rate will be, - 3.25% per a NASA service rep.
alan1
alan1   |     |   Comment #257
#244 is correct, even though #252 "can tell." According to the NASA FCU rate sheet, effective Oct. 1, the APY for the 15-month CD is 2.75%. https://www.nasafcu.com/rates/share-certificate-rates/

However, the home page still includes the window with an APY of 3.25%. On Sept. 26, ??? could not tell what the October rate would be. On Sept. 28, gregk could tell. It's now October 1 and, after looking at the website, I still can't tell -- but I strongly suspect it's 2.75%.
Ken Tumin
Ken Tumin   |     |   Comment #258
I'm afraid NASA FCU's rate sheet appears to be correct. I received confirmation via the online chat. I assume their IT team is behind in updating their home page. I've updated the post with a note about the rate cut.
bad info
bad info   |     |   Comment #259
thanks gregk!!
correct info
correct info   |     |   Comment #260
current rates are listed right here

https://www.nasafcu.com/rates/share-certificate-rates/
gregk
gregk   |     |   Comment #265
As has been repeated here many times, no one should rely on statements made here by other posters in making any decisions, but take everything as no more than personal judgement, suggestion, or information derived from this or that source as the case may be. Everyone must perform their own due diligence, and weigh whatever is said here with an appropriate skepticism. In this case I merely repeated what a NASA service rep had told me with some assurance (but obviously mistakenly now). Misinformed service reps are an ongoing problem we all have to deal with in one way or another, so while it's unfortunate I repeated their mis-information here, anyone who relied on it (with bad effect) and not attempting their own verification, has only themselves to blame.
dollarsncents
dollarsncents   |     |   Comment #266
"Trust but verify", goes for anything posted on any internet site by anonymous people, particularly when it comes to personal financial matters. Just plain common sense.
SV56
SV56   |     |   Comment #253
Very good experience overall with NASA FCU. Opened a share savings account with min $5.00. I received my account number online and in the mail. Once the account was approved and verified, I went to a shared credit union office and made a deposit to the savings account. They give you 10 calendar days to fund the CD, which expired, however I communicated through Live Chat and they immediately funded the CD. I did all communications through Live Chat and all my questions were answered.
???
???   |     |   Comment #254
Very happy to see people getting this CD.
Heavy credit to NASA for sticking with us and getting their funding system to accommodate us late comers.
111
111   |     |   Comment #261
NASA CU does a poor job of synchronizing their ads, that's for sure. Right now they still have a "3.25%" ad on wsj.com. It does lead to a page that says 2.75%, but still - it could have been planned better by NASA. I was thinking about them for funds coming out of Northwest CU, but now it's time to make a Plan B.
I hate Fort Knox CU
I hate Fort Knox CU   |     |   Comment #262
If you opened this CD last week but did not fund it yet, you are still in luck. The 3.25% rate is locked in for 10 days from the CD opening, giving you time to fund it. Per NASA csr this morning!
gregk
gregk   |     |   Comment #263
Never believe what FI reps tell you is a lesson I shouldn't have had to learn again. As I stated above, last week a NASA phone rep indicated to me (with no hedging) that the 15 month 3.25% CD would be carried over through October, so not to worry about rushing my app through before the end of September. Did she just make it up?
Ricochet
Ricochet   |     |   Comment #264
You wrote ( - 3.25 % )
I took that as Less Than.
Lesson Learned
SYC
SYC   |     |   Comment #267
NASA lived up to its words - 3.25% APY "is good for up to 1 month within account opening" per CSR on phone. Opened on-line savings on 9/28 and got the new IRA account applications to NASA on 10/1. NASA posted the IRA direct transfer checks they received from the other CU on 10/17 to my IRA accounts for 15-month CDs @3.25% APY!
NASA FCU Adds 11-Month Share Certificate Special
Deal Summary: Share Certificate Special – 11-month (2.25% APY), $20k minimum deposit of new money.

Availability: Easy Membership Requirement

At the beginning of the year, I wrote about NASA Federal Credit Union's (NASA FCU) limited-time rates on its 49-month Share Certificate Special (2.40% APY) and 15-month Share Certificate Special (1.95% APY). Good news – those rates are still in effect.

NASA FCU has just added a new 11-month Share Certificate Special (SCS) that earns 2.25% APY. The minimum opening deposit is $20k of new...

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NASA FCU Boosts Rates On 49- and 15-Month Certificate Specials
Deal Summary: Share Certificate Specials – 49-month (2.40% APY), 15-month (1.95% APY), $5k minimum deposit, total deposit must include $5k of new money.

Availability: Easy Membership Requirement

It’s a new year and NASA Federal Credit Union (NASA FCU) increased the rates of its popular 49-months Share Certificate Special (2.40% APY) and 15-months Share Certificate Special (1.95% APY). Both Share Certificate Specials are offered as IRAs (Traditional and Roth) earning the same APY, with the same funding requirements. As is usual, NASA FCU highlights that these are...

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NASA FCU Offers 49-Month CD Special

Deal Summary: Share Certificate Specials – 49-month (2.25% APY) and 15-month (1.60% APY); $5k minimum deposit, new money.

Availability: Easy Membership Requirement

NASA Federal Credit Union (NASA FCU) began the month by raising the rates on its popular 49-month Share Certificate Special (2.25% APY) and 15-month Share Certificate Special (1.60% APY).

Both Share Certificate Specials are offered as IRAs (Traditional and Roth) earning the same APY, with the same funding requirements and same time limitations.

Both Specials require new money, but the wording in the fine print as to the...

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NASA FCU Offers Limited-Time 15-Month CD Rate Increase

UPDATE 10/19/16: Extended through October 31, 2016.

Availability: Easy Membership Requirement

NASA Federal Credit Union’s (NASA FCU) 15-month Share Certificate Special (1.45% APY) and 49-month Share Certificate Special (2.00% APY) were originally scheduled to expire on September 30, 2016, but both have been extended through October 31, 2016. The minimum opening deposit is $5k of new money.

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

CSR confirmed that whatever the amount of the opening deposit, $5k must be new funds, while the...

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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.

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