NASA Federal Credit Union Brings Back 15-Month CD Special, 3.20% APY


Deal Summary: Share Certificate Specials – 15-month (3.20% APY), 25-month (3.25% APY), 49-month (3.35% APY), minimum deposit of $10k of new money.

Availability: Easy Membership Requirement

While CD rates may be falling elsewhere, NASA Federal Credit Union’s “Certificate Yields are out-of-this world.” Hyperbole aside, NASA FCU has just brought back limited-time competitive rates on its 15-, 25-, and 49-month Share Certificate Specials (SCS). These are the first great rates NASA FCU has featured since September, when the 15-month and 49-month SCS offered month-long competitive rates.

2.85%$10k-NASA Federal Credit Union49 Month Share Certificate Special - New Money
2.80%$10k-NASA Federal Credit Union25 Month Share Certificate Special - New Money
2.75%$10k-NASA Federal Credit Union15 Month Share Certificate Special - New Money
Rates as of May 22, 2019.

The minimum opening deposit is $10k and the fine print on the Certificate Rates page states,

A minimum of $10,000 in new funds must be brought from an external source
and must be deposited between February 1, 2019 and February 28, 2019.

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

2.85%$10k-NASA Federal Credit Union49 Month IRA Certificate Special - New Money (Traditional, Roth)
2.80%$10k-NASA Federal Credit Union25 Month IRA Certificate Special - New Money (Traditional, Roth)
2.75%$10k-NASA Federal Credit Union15 Month IRA Certificate Special - New Money (Traditional, Roth)
Rates as of May 22, 2019.

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, 25-month, and 49-month SCS automatically renew to a standard 12-month, 24-month, and 48-month term, respectively.


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 Special 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).

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

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). NASA FCU is a member of the CO-OP Shared Branch network, giving NASA FCU members an additional 120+ locations in the Washington metro area to conduct many business transactions.

Credit Union Overview

NASA Federal Credit Union has an overall health grade of "A" at, with a Texas Ratio of 6.56% (excellent) based on September 30, 2019 data. In the past year, NASA FCU has increased its total non-brokered deposits by $326.84 million, an excellent annual growth rate of 18.53%. 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 for the benefit of NASA employees. NASA Federal Credit Union is currently the third largest credit union headquartered in Maryland and the 93rd largest credit union in the nation, with assets in excess of $2.5 billion and nearly 158,000 members.

How the Share Certificate Specials Compare

When compared to 167 similar length-of-term CDs tracked by, which are nationally available and require a minimum deposit of $10k or less, NASA Federal Credit Union's 15-month Share Certificate Special APY currently shares top billing with Premier America Credit Union’s 17-month CD Special APY.

When compared to 214 similar length-of-term CDs tracked by, which are nationally available and require a minimum deposit of $10k or less, NASA Federal Credit Union's 25-month Share Certificate Special APY currently ranks first.

When compared to 173 similar length-of-term CDs tracked by, which are nationally available and require a minimum deposit of $10k or less, NASA Federal Credit Union's 49-month Share Certificate Special APY currently shares the top position with Georgia Banking Company’s 4-year Certificate APY.

The above rates are accurate as of 2/1/2019.

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

CDsForMe   |     |   Comment #1
I went ahead and got the 49 month CD for the last of the loose money I had waiting for a place to land. This should just about guarantee that the CD rates will now soar to 5%! :-)
Get Real
Get Real   |     |   Comment #2
Put some money here. Still have some funds should q good offer come along. I have a large CD maturing in April.
RichReg   |     |   Comment #3
Awesome, a new 15 month leader...very nice!
Go NASA!!!
scottj   |     |   Comment #5
This was good enough to allow a hit to my credit, first hard pull in over 10 years. I had to call to see which agency they use, it's Experien. I got an "Instant Approved" but not sure what happens next? Says I need an account number to sign up for online banking, do they email that out?
RichReg   |     |   Comment #13
I have no first-hand experience with NASA, but no reputable outfit E-mails account numbers.
Call them again and ask about the 'next steps'.
RJM   |     |   Comment #14
I have direct experience with this from last year. Once you have an account number, you can do the shared branch deposit into the share account and then immediately call & move the money to the new CD.

Now, getting the account number, I had to look back at my emails. I applied on 2/20 and they sent the account number on 2/21 and I did a shared branch deposit on 2/21.

Below is how it reads... I deposited $50,005 locally at a shared branch for my first CD and the $5 share account and then did another one in early March. The first one matured recently and then 2nd one matures on the 5th.

02/21/18 To Share 30 11 MONTH SPECIAL CERTIFICATE $50,000.00 $5.00 $50,000.00
02/21/18 Check hold release 03/06/18 50,005.00 $50,005.00 $50,005.00 $-5.00
I think I asked and they obliged to turn off the auto renewal thing at the time I opened the CDs.
scottj   |     |   Comment #17
I called and they gave me member number over phone and once I had that I was able to sign up online and found account number there. I then opened an account for my brother and this time noticed when you get the new account approval screen it has your member number. I plan on funding by pushing from my EBSB which as far as I know has no max in amounts you can transfer. Figuring once money gets to my savings at NASA they will release hold as long as it goes into CD? From what rep said is you have 10 days to fund
RJM   |     |   Comment #18
They release the hold from the share account and add it to the CD.

My 2/21 deposit had a release date of 3/6 which was fine because I knew it was going to be there 11 months.
RichReg   |     |   Comment #34
Thanks RJM.
IMO, this special really IS the better one over Primerica, Advancial, etc.
And you can't beat that easy membership.
Sure hope it lasts another 2 weeks or so...
RJM   |     |   Comment #36
They have indicated it would last thru the end of the month I think.

But, as you get closer to your date, you might ask about opening it online and then funding it within I think 10 days. Someone reported you have 10 days to fund it if you open in advance. I've never done that because i never needed to but that may be a way to lock in your account even if they pull it early.

They had a 15 month at 3.25% back in Sept that may have been pulled early....or maybe it lasted a full month, I can't recall. I just know I bought one and then it was no longer available some time later.
Mak   |     |   Comment #4
For new money only, I guess if you're a long time customer and have CDs maturing at Nasa they would rather you take your money elsewhere..:)
Newbie1   |     |   Comment #6
You may loose a day or so of interest, but use your hub to pull the money out and push it back in.
Mak   |     |   Comment #7
I have 3 Navy Federal 17 month CDs to finish off and as far as the 3.35% 49 month I'd rather do the Mountain America 3.35% 3 year..... was going to reinvest one of the CDs just out of convenience so if I have to do anything I'll move it... I've been a member for over 10 years and if new money is better than old money than I'll take my old money somewhere else and make it new money...:)
RJM   |     |   Comment #11
When I asked them last year they said we could reinvest the old money as long as we added so much new money to it. I will call to verify. Sure do not want to have to pull out a large amount only to add it back.
RJM   |     |   Comment #15
Last year, new special CDs required $5000 in new money, because I asked. This year, they bumped it to $10k.
Mak   |     |   Comment #20
RJM, when I called the rep told me the special rate CDs were only for new money... I sent an email to Nasa to find out exactly what the deal is. To me it reads must have a minimum of $10,000 new money because that is least they will allow you to open it for.
Low Minimum Deposit
You can open a NASA FCU Certificate right now with just $10,000**
RJM   |     |   Comment #22
As Sylvia mentioned below....**A minimum $10,000 in new funds required and must be brought from an external source.

This jives with what I asked the rep this afternoon when I called. I know last year I specifically asked about it..."what happens if when this CD matures and you have another one I want to buy", then they said $5k new money and I could. Now, It seems to have increased to $10k new money. The minimum of $10k may just be a coincidence.

I do not expect they will require me to transfer out 6 figures only to transfer it back in to open the CD when I am willing to put a new $10k in. But I will verify that monday before I go to a local shared branch with my checkbook on Tuesday.
**A minimum $10,000 in new funds required and must be brought from an external source.
Sylvia   |     |   Comment #25
RJM, to comply, I'd transfer proceeds from maturing NASA CD to savings, add $10K from outside, then open CD for amount above $10K, which may be less than what's in savings. I'd delay transfer of what remains in savings, if anything, until after opening of CD. This way, you don't have to go through awkward transfer in/out.

Many places that have new money requirements have definitions for what constitutes "new," e.g., not on deposit x days prior to promo. Transferring your money out, then bringing it back right away, may not qualify as they could say it was money already on deposit as of start of promo. You'd have to ask for their definition. What I'm proposing above is easier and cleaner, I believe.
RJM   |     |   Comment #32
I'm going to roll over the entire CD and then add $10k I guess.

While I am going with the 15 month for sure. If I wanted to buy a 25 and 49 month for $10-20k too, would they require $10k each in new money for them too?
Mak   |     |   Comment #26
**A minimum $10,000 in new funds required and must be brought from an external source.
Because there is a minimum of $10,000 on the CD... if the small print said "Must bring at least $10,000 in new funds from an external source and then can add as much money to it that is already at Nasa Federal Credit Union"... but since it doesn't state that and since the rep I called said new money only I will wait for verification from someone else at Nasa.... anyways while I like the 15 month one and the 25 month one they don't fit well into my ladder since I already opened 3 of the Navy Federal 17 month ones ... I like the Mountain America 3 year 3.35% because it fits nicely into my ladder... plus I have a 3 year term plus and a 5 year term plus opened at Mountain America that I can add to later if need be.

BTW if what you say turns out to be true maybe Nasa should train their reps better.
Anonymous   |     |   Comment #43
How did you get to open 3 of the Navy Federal 17 mo. CDs? The reps have told most of us that it is one CD per member, max $50K in the CD,
Sylvia   |     |   Comment #45
Good catch, Anonymous (#43). The one per member is not just hearsay -- it's a clear restriction. Maybe Mak is the generous benefactor for 2 other members or is part of some witness protection program which gives Mak multiple identities :-).
Sylvia   |     |   Comment #24
The small print reads, "A minimum of $10,000 in new funds must be brought from an external source and must be deposited between February 1, 2019 and February 28, 2019." If your CD is only for $10K, then certainly all must be new. For anything above that, the balance can be from accounts already at NASA.
Newbie1   |     |   Comment #28
Thanks Sylvia. Very helpful.
Mak   |     |   Comment #29
Sylvia... can you copy and paste from the Nasa site that states what you wrote "For anything above that, the balance can be from accounts already at NASA." because I can't find it anywhere, am I looking in the wrong spot?
Sylvia   |     |   Comment #30
Mak, what I wrote is based on my longstanding experience w/NASA. I don't think they've spelled it out as explicitly as I.
Mak   |     |   Comment #31
Thanks Silvia, I have quite a bit of money with them, enough to where I had to open an individual account on top of a joint account for insurance coverage. While I might have renewed one or two two of the three CDs that are maturing here in February and March for sure I won't now.... too many choices still out there for me so I will go where my old money is as good as my new money.
Sylvia   |     |   Comment #33
Mak, NASA is very staid. The new money requirement is not new for them. They've done this as long as I can remember for all their promos, though previously the amount that needed to be new was lower. You probably just didn't notice it before.

I don't take requirement personally. If promo works for my ladder and is competitively superior, I go for it. Their new money requirement is easy enough to game. They tell you to bring in $10K; they don't prohibit you from later taking out $10K that was already on deposit.
Sylvia   |     |   Comment #16
Only the required minimum ($10K) need be new money. The small print is very clear on this.
RJM   |     |   Comment #19
Sylvia is Nasa the one that now wanted permission to add deposits above a certain amount or am I confusing it with another CU? I know I did not have a problem but someone, maybe you, said they were having fraud issues? I might be thinking of Andrews.
Sylvia   |     |   Comment #21
RJM, NASA was(is) the one that's strict about shared branch access. Even as a long-time member, I had to get approval, which I only learned after a shared branch would not accept my check deposit. NASA rationalized procedures as due to high fraud experienced within shared branching.
RJM   |     |   Comment #23
OK, thanks. I still don't see how anyone could defraud because every credit union I have ever used puts a hold on the funds. But, asking for permission in advance is not that difficult. (As long as you know to do it as we now do)
Sylvia   |     |   Comment #27
From what I understand, one fraud scheme comes from kiting the amount that's not subject to a hold, for a large # of accounts. You might be okay as you've used shared branching for NASA w/out problems within the past year. I had not used it in over a year, at least for NASA. They said approval expires after a year with no use. With NASA, it wouldn't hurt to double check.
RichReg   |     |   Comment #74
@Sylvia, comment#21;
How about initially?
Is there a waiting period to use a shared branch if you're brand new and out-of-state?
Sylvia   |     |   Comment #77
During last NASA promo (Sept.), someone was told it's a 30 day waiting period for new members. Inquire when you're ready to use shared branch. If they tell you no, ask if you can have that expedited.
unmesh   |     |   Comment #61
I had certificates at NASA that matured on Jan 21 and wired the proceeds out since the CD rate at that time wasn't as attractive as it is now. Fortunately, the funds were in a liquid account since my Primerica application was rejected.
I did an online chat with Customer Service who confirmed that I would have to bring that money back and an additional 10K to qualify for the rate right away or wait 30 days from withdrawal date if I bring back a smaller amount. I'm going to do a wire transfer today if I can.
8832   |     |   Comment #64
Sylvia. I just got this from the chat session: Julia: If you are depositing the amount withdrawn plus the $10,000. The $10,000 is what is considered the new money, not want was withdrawn in the last 30 days.
Sylvia   |     |   Comment #66
8832, I'm not sure what you're trying to tell me in #64. If it helps, I had a small CD closed less than a month ago. Those funds are no longer in my account. I asked if I could open one of the new promos now for that amount plus $10K. They offered to do it for me on the phone right away, as they allow 10 days for funding.

Had I wanted to open one for the same amount or less than CD that closed, I would have to wait 30 days as I would not have satisfied $10K new money requirement.

I also asked about this hypothetical: Closed CD less than a month ago for $30K. Money no longer at NASA. I bring in $40K ($30K + $10K). May I open new CD for $35K. The answer was yes.
Sylvia   |     |   Comment #68
"Had I wanted to open one for the same amount or less than CD that closed, I would have to wait 30 days as I would not have satisfied $10K new money requirement."

Edit: The CD amount is less important than funds brought in. NASA must be able to tell that I brought in $10K of new funds, which they define as money not in account 30 days prior. As demonstrated in hypothetical, whether all of it is applied to new CD does not matter.
RJM   |     |   Comment #79
8832, you are not asking the right question. You CAN open a new CD for any amount with $10k of new money. That is you can mix old money with new for a new larger CD.

That is exactly what I am doing in the next few hours. And the rep by phone clarified it.
2 cds requires $20k, 3 $30k. For old customers. New customers do not have that restriction because its all new money.
klink   |     |   Comment #8
To bad it isn't a add on.
AnonymouslyYours   |     |   Comment #9
Don't forget about the power of shared branching to get your funds quickly into your NASA account. I simply transferred funds from Ally Savings to my Ally checking account, wrote a check, drove 1/2 mile to the nearest shared branch and deposited into Nasa. Then called Nasa to transfer the funds into the certificate. Your member number would be used to facilitate the transaction
barry_NY   |     |   Comment #82
I just did the same thing. Couldn't believe how easy it was. Opened a new NASA account with $500 from a credit card that paid 1.5% rewards. Took a check from Ally to a CU, then called in to make the transfer to the CD. Interesting thing is I opened it on 2/2 but didn't fund it until 2/5, but the CD matures based on the 2/2 date.
RJM   |     |   Comment #83
I did not know the $500 from a credit union was even an option. Maybe its only for brand new accounts? But shared branch sure is a nice tool.

In the future, I am going to open a CD 9 days before I fund it. Apparently that is a loophole I should have been taking advantage of but have not.

Syliva? What do you say?
Sylvia   |     |   Comment #86
Yes, NASA generously allows 10 days to fund. If funds don't arrive in time, the CD automatically closes was what I was told. That can be used to your advantage in various ways. If you think they'll soon be withdrawing offer yet won't have funds available for a few days. If you'd like to keep options open while still shopping. I imagine you could buy yourself a bit of time by staggering the opening of a few of these. I've never had the need to exercise option. Also wouldn't want to abuse their generosity and get myself blacklisted :-).
Sylvia   |     |   Comment #87
P.S. to Comment #86: If you're thinking it's a way to get free interest, it's not. NASA uses average daily balance method. You get no interest on days when balance is zero.
Ricochet   |     |   Comment #88
There are probably half a dozen of these types that I would not trust to be a friend.
Shady is as Shady does.
RJM   |     |   Comment #89
Yes, Ricochet, its like, you know, rate chasing. And everyone knows nobody that chases rates can be trusted. Criminals, all of us.
Ricochet   |     |   Comment #90
Intent. Just a gut feeling, I would not turn my back to you in a game of chance.
RJM   |     |   Comment #91
drats. really hurts my feelings. I have no choice now other than to go rob a bank.
RJM   |     |   Comment #92
looking in the rate would still seem to have value to those worried about them closing the deal early.
RJM   |     |   Comment #10
Yes! I was hoping for this. I even went to their website this morning looking for it but it was not there yet.

I have a CD maturing on the 5th at NASA and was Fearful I could not get approved at Premier.

i just have to find a missing checkbook from AA bank for the new money. Should be around here somewhere.
Don   |     |   Comment #35
Does anybody know if you have a POD when you open this CD? Is it on the online application form?
RJM   |     |   Comment #39
You can designate PODs. It may be on the application, it may have been something I sent later. I cannot recall because its been almost a year ago when I opened the account. When I open the new one by phone, I will probably tell them to use my other PODs for the newest CD.
RJM   |     |   Comment #85
Regarding the POD, they are on the account so no need to change with each CD they said.

At least for small frys like me with under $250k on deposit.
Dan Coates
Dan Coates   |     |   Comment #37
How does this 15 month CD at 3.20%, in the current interest rate environment, compare to the 3.25% 15 month CD in last September's interest rate environment? The 3.25% CD was considered outstanding last September. Is the 3.20% CD considered as good as that one, in the current interest rate environment?
RJM   |     |   Comment #38
It was a top rate then, its a top rate now. Easy to compare for yourself as top CD lists are posted every 2 weeks.

All 3 of these CDs are at or near the top available for their time periods. The 15 month is perhaps the biggest outlier.
HarvF   |     |   Comment #40
Be aware if you transfer your IRA funds to another financial institution and close your NASA IRA acoount, you're charged a $35 fee. When I broke a 49-month CD with an 2.20% APY last year, I got dinged with an EWP plus the $35 fee. I emailed my instructions to NASA on their secure email site and also talked to a CSR and they did not even mention the IRA closing fee, but it's in their Schedule of Fees listing as: IRA and HSA Closing $35.00. My fault, but it would have been nice to at least "remind" me of the fee. I closed my NASA account in December, because their CDs were never competitive, even now what their new offerings. I'm going to fund a 5-year Term Deposit 3.51% APY add-to CD at Mountain America and deposit a few $$ every so often, while waiting for higher rates---if they ever materialize. If rates don't increase with 6 months to a year, I'll fund the CD more fully up to $100k.
Nothing   |     |   Comment #42
Leave $1 in Ira account and that should be ok
Dan Coates
Dan Coates   |     |   Comment #48
No troll. Authentic question.
New2019   |     |   Comment #44
While I was tried to finish up authentication part, it cleared my application out. Received an email waifor review. Should I start new application?
NewAccountApp   |     |   Comment #47
I applied for a new account but NASA is asking for notarized documents:

Notarized Proof Of Residence (I.E. Lease Agreement, Utility Bill, Motor Vehicle Address Change Card)
Notarized Copy Of Social Security Card
Notarized Identification (I.E. Driver's License, Passport Or State Identification Card)

Seems like a lot of work to open the account. I’ll pass on it
Test3   |     |   Comment #49
Notarized? I got an email with those three requirements after signing up, but the word "notarized" was not there.
EdG   |     |   Comment #60
I found out they do this if you have a fraud alert on your credit. You are proving identiy. A little extreme if you're not getting credit.
8832   |     |   Comment #63
I had to submit those same documents when I signed up but there was never a notarized requirement Feb of last year.
8832   |     |   Comment #62
I had a 11-month CD come due in Jan 21 and moved all funds out without renewing the CD. I was just informed by NASACU that any money previously held at the NASACU those funds would need to be out of the account for 30 days before being considered new money to get another CD if new money was the requirement for such product. I have to wail until Feb 22 to this 100K CD.
Sylvia   |     |   Comment #65
8832 (#62), I don't blame you for moving funds out given their low rates for non-promo accounts. However, having done that, NASA can't now judge compliance w/$10K new money requirement unless you bring it all back plus $10K. If it's any consolation, their promos usually run for at least a month; I don't think I've ever seen them shut one down before a month's time.
RJM   |     |   Comment #69
I too had a small CD mature a few weeks ago and removed the money via ACH. I cannot imagine that will cause me a problem on my CD that matures today.

However, I have a question that I have not seen covered regarding the $10k in new money.

Suppose I want to open 3 CDs, one 15 month with the bulk of my funds and two smaller ones for 25 and 49 months. Would that scenario require $30k in new money?

My CD matures today and right now, it has not updated my interest or transferred it to my share account as it is set up to do. Its 1:51 am Eastern so I am wondering if it will happen later this morning or will I have to wait until tomorrow to open my new CD or CDs. I planned on going to a shared branch today for an additional deposit to go along with the maturing CD for one, two or three new CDs.
RJM   |     |   Comment #72
It updated as expected later this morning. The $ is in my share account like it should be.

I thought it would be midnight. Happened sometime around 5am I guess.
RichReg   |     |   Comment #73
@RJM, comment #72;
Have you or have you heard of anyone that joined NASA outside of their home state and was restricted from shared branch usage at the onset?

This possibility really concerns me....
RJM   |     |   Comment #75
No, in fact, i just asked about it today. The need permission restriction seems to be first time users or those who have not used shared branch in a year. I am near a year but not at a year so I don't need it. I think I posted this below too.
Sylvia   |     |   Comment #76
During NASA promo last Sept., I recall one DA reader, a newbie to NASA, being told the waiting period for new members to use shared branch was 30 days. Don't know if that's across the board or selectively applied by NASA.
RJM   |     |   Comment #78
I told the rep that I read that some were having problems, she looked mine up and said I was good for today. When I asked about how long without using she went to a supervisor who said it was a year. I did NOT hammer down if a new member could get initial permission from day 1.

It would seem SO simple to just mark a new account NO SHARED BRANCH WITHDRAWALs or something. I suspect they could if they wanted.

Anyway, they answered within just a minute so there was no long wait this morning.
Sylvia   |     |   Comment #80
RJM, your idea about clarity on shared branch use is a good one. Maybe something in online banking called "account status on shared branching" ... It's rather misleading that they promote shared branch access, leading members to expect similar treatment to other CUs, when use is at their discretion. I suspect they're not more proactive in communications on this subject because usage is probably very limited across entire membership. Even among folks here, whom you'd expect to be heavier users, it seems light.
RJM   |     |   Comment #81
When doing my deposit today, the teller agreed that there is some fraud with shared branch but she said I ONLY do deposits and my checks are always put on hold. So she could not see how I should be inconvenienced at all. But, they are really small, have never had a good rate on a CD and Ive never joined. They just do 80% of my deposits because they are 2 miles from my door. I am a member of 3 others each has the minimum right now. Two have $25 minimums. One of those pays 1.51% on the share account which is higher than most. The other was a RCA deal for $25k at 3% that I stopped using for winter. I may crank it back up just for optionality.

Anyway, I went with 86.5% in the 15 month and 13.5% in the 25 month.

Nothing in the 49. I could go back & buy more before month end but I doubt I will for now. I need to set a goal going forward to investing at least some of each CD that matures in stocks. Even if its low risk, high dividend stocks or preferreds or whatever. Have to get more market exposure. Because if I am alive in 10-15 years, there is a strong likelihood that I will be kicking myself for not taking more risk like I am now for 15 years ago.

I cannot manage my stocks as if I am going to die in a few years.
Sylvia   |     |   Comment #84
Congrats on getting your funds gainfully redeployed, RJM! Mine should arrive in checking by tomorrow for trip to shared branch. I'll be going w/25 month. Like you, I'm not finding the rate on 49 months too compelling. For 30 months maybe, but 3.35% for 49 is meh.

If your allocation is light on equity, can't overlook preferential tax treatment of capital gains and qualified dividends over interest.
RJM   |     |   Comment #70
Below is the response I got from Nasa back in Sept when I asked about the new money.
Since then, it seems the new money minimum is $10k. Just posting because others asked about it and below was direct from them. A copy & paste.

This does not answer my newest question as to if THREE new CDs require $30k in new money.
Or two requiring $20k. The more I contemplate the 49 month, the more I think its a bad Idea compared to stocks. Dividend stocks or others. (for those who think Armageddon might not be imminent, you know, sane people)

"Thank you for contacting NASA FCU. With our special certificates as long as there is a minimum of 5,000 new money you are welcome to commingle that 5,000 with any existing funds in your account to fund that certificate. Therefore, if you want to use the funds from a certificate that has matured as long as you are including 5,000 in new money you can open one of the special certificates. Any one of our regular certificates you can fund them with new or existing funds, they have no required stipulations."
RJM   |     |   Comment #71
I just spoke with NASA.

1 year is the time period to have used shared branch such that you don't need permission. And 2 CDs requires $20k in new money. 3=$30k.
Test3   |     |   Comment #93
I'll call them tomorrow to see why they don't want me to deposit money with them, but I got this rejection notice just now:


Hello [Test3]

Thank you for taking the time to complete your application for Membership with NASA Federal. Unfortunately, we are unable to approve your request.

We understand it took time and energy to complete the application, so we want to provide information on why we are not able to help. You will receive an Adverse Action Notice in the mail which will explain the reasons we are unable to approve your request.


Member Services
Test3   |     |   Comment #94
I called them. They said they could not verify my identity, even though I successfully signed up for lots of savings/CDs in the past. It may have to do with my non-existent credit. Why does a deposit account need a credit score?

They said I'd have to show up at a branch and maybe they could do something then. Unfortunately, I don't live anywhere near a branch.
EdG   |     |   Comment #95
Believe me, what everyone's commenting about dealing with this credit union is correct!
If you have a fraud alert you need to send in notarized info, you can only transfer $10k via an ACH started at NASA, just way too many hoops to jump through for an extra few tenths of a percent.
Of course you don't find this out until you've already invested a week of your time.
If you're local to a branch, do it. I don't think it's worth dealing with them online.
RJM   |     |   Comment #96
Can't you just turn off the fraud alert for a day?

I've never bothered with a fraud alert except after my identity was stolen about 20 years ago.

It was just not that big of a deal. 8-10 phone calls, one letter and that was it.

When I opened mine it was not that difficult. If they won't do shared branch, you can just drop a check in the mail and wait 3 days.

I'm on my 5th CD with them over the last year and I just have not invested all that much time.

3.20% versus 2.85% at ally comes out to $50 a month interest difference. On $175k.

If you are dealing with $10k, yeah, I would not bother.

Another deal will always come down the pike if you are patient.
EdG   |     |   Comment #98
This was the first time I needed to send notarized info and I've had CDs all over the place the past 5 years, Connexus, Penfed, Northwest, Ally... I didn't know it was a problem until it was. In retrospect, best is just send a check via mail but you still need to wait to get approved to get your account number. I'm probably 2 days away from the ACH now, might as well wait, probably almost 2 weeks to get money in the account.
NASA Federal Credit Union Offers Top Rate 15-Month CD

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...

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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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