NASA Federal Credit Union Ups Rates on 9-, 15- & 49-Month CD Specials

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Deal Summary: New Share Certificate Special rates: 49-month, 2.60% APY; 15-month, 2.50% APY; 9-month, 2.35% APY; minimum deposit of $10k, new money.

Availability: Easy membership requirement

Falling rates is the news for most deposit accounts today, but I did find a little bit of good news for savers. NASA Federal Credit Union (NASA FCU) increased the rates of three of its Share Certificate Specials (SCS) by 10 to 20 basis points. All three are now very competitive. The three SCSs have terms of 49 months (2.60% APY), 15 months (2.50% APY), and 9 months (2.35% APY).

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

Minimum $10,000 new funds required. Early withdrawal penalties apply and may reduce earnings. A minimum of $10,000 in new funds must be brought from an external source and must be deposited between November 1, 2019 and November 30, 2019. Credit Union reserves the right to limit deposits into this special certificate. This limited-time offer is subject to change at any time without notice.

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

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 SCS automatically renews to a standard term (49-month renews into 48-month term, 15-month renews into 12-month term, and 9-month renews into 6-month term.) If you withdraw the funds, no interest will be paid for the grace period.

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 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).

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 access 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.

A free Primary Savings is required with every membership – minimum deposit $5.00

NASA FCU offers its members access to more than 5,000 credit union branches through the CO-OP Shared Branch network.

Shared Branches allow members of participating credit unions across the country to conduct most of their financial transactions as if they were at their own credit union branch.

Credit Union Overview

NASA Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.07% (excellent) based on June 30, 2019 data. In the past year, NASA FCU has increased its total non-brokered deposits by $330.64 million, an excellent annual growth rate of 17.04%. 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 94th largest credit union in the nation, with assets in excess of $2.7 billion and nearly 163,000 members.

How the Share Certificate Specials Compare

When compared to 175 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 ranks third.

When compared to 166 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 ranks first.

When compared to 202 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 9-month Share Certificate Special APY currently ranks first.

The above rates are accurate as of 11/1/2019.

To find 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


#1 - This comment has been removed for violating our comment policy.
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gregk
gregk   |     |   Comment #9
Have a 15 month 3.25%APY IRA CD with NASA opened about a year ago maturing next February, the renewal of which does not look promising. Should have done 5 years, but at the time rates appeared to be going sustainably higher, a delusion not to be repeated should similar circumstances recur.

BTW, why hasn't the off-topic stuff been deleted when my ON-TOPIC stuff so often is?
Predatory Depositor
Predatory Depositor   |     |   Comment #10
Don't feel bad. I have three of those 15 months CDs in huge amounts, one coming due in mid December and two coming due I think next May. My reasoning was the same as yours. Shouldn't second-guess in hindsight, I think it made sense at the time. And I think it's also not a good idea to pre-arrange strategy for the next time either, as it may turn out doing the opposite the next time is also a mistake. You have to formulate your strategy based on conditions on the ground at the time. It's not possible to always be right. You're going to lose battles, but if you're persistent and lucky you'll win the war.

You did a heck of a lot better than someone who left the money sitting in a large commercial bank account at 0.01%. And millions of people do.
kcfield
kcfield   |     |   Comment #13
PD: It is nice to see a contributor who consistently makes financially knowledgeable, topic-relevant posts; and also takes the time to read and consider what others have said (i.e., listening) before responding. Thank you.
deplorable1
deplorable1   |     |   Comment #15
No, thank you!
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NASA Federal Credit Union Adds 9-Month CD Special, 2.60% APY
Deal Summary: 9-month Share Certificate Special, 2.60% APY, minimum deposit of $10k, new money.

Availability: Easy membership requirement

In February, NASA Federal Credit Union (NASA FCU) brought back limited-time competitive rates on its 15-, 25-, and 49-month Share Certificate Specials. As advertised, those rates lasted for a month before they returned to their previous levels. NASA FCU started June by adding a 9-month Share Certificate Special (SCS), which earns 2.60% APY.

The minimum opening deposit is $10k and the fine print on the Certificate...

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NASA Federal Credit Union Brings Back 15-Month CD Special, 3.20% APY
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Availability: Easy Membership Requirement

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Availability: Easy Membership Requirement

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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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