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%.
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).
|3.00%||$5k||-||NASA Federal Credit Union||49 Months Share Certificate Special (New Money)|
|2.75%||$5k||-||NASA Federal Credit Union||15 Months Share Certificate Special (New Money)|
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.
|3.00%||$5k||-||NASA Federal Credit Union||49 Months IRA Certificate Special (New Money) (Traditional, Roth)|
|2.75%||$5k||-||NASA Federal Credit Union||15 Months IRA Certificate Special (New Money) (Traditional, Roth)|
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.
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.