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.
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.
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 DepositAccounts.com, 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 DepositAccounts.com, which are nationally available and require a minimum deposit of $10k or less, NASA Federal Credit Union's 15-month Share Certificate Special APY currently 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 DepositAccounts.com, 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 DepositAccounts.com, which are nationally available and require a minimum deposit of $10k or less, NASA Federal Credit Union's 49-month Share Certificate Special APY currently 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.