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.
|2.85%||$5k||-||NASA Federal Credit Union||49 Months Share Certificate Special (New Money)|
|2.50%||$5k||-||NASA Federal Credit Union||15 Months Share Certificate Special (New Money)|
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 money. The 11-month SCS is also offered as an IRA (Traditional and Roth), earning the same APY with the same 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.
Like the 15- and 49-month SCS, the 11-month SCS only requires a specific minimum amount of new money. In a Live Chat today, CSR stated,
You can deposit $20k new money from an external account and combine it with existing funds in a NASA account. Only at least $20k has to be deposited as "New money."
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.
Thanks to DA reader, ChasR, for his Forum post about this new hot deal.
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.
Credit Union Overview
NASA Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 7.92% (excellent) based on September 30, 2017 data. In the past year, NASA FCU has increased its total non-brokered deposits by $191.16 million, an excellent annual growth rate of 12.16%. 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 104th largest credit union in the nation, with assets in excess of $2.2 billion and more than 149,000 members.
How the Share Certificate Special Compares
When compared to the 215 similar length-of-term CDs tracked by DepositAccounts.com, that are nationally available and require a minimum deposit of $20k or less, NASA Federal Credit Union's 11-month Share Certificate Special APY currently ranks first.
The above rates are accurate as of 2/15/2018.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.