NASA FCU Offers Limited-Time 15-Month CD Rate Increase

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Availability: Easy Membership Requirement

Now through September 30, 2016, NASA Federal Credit Union (NASA FCU) is offering 1.45% APY on its 15-month Share Certificate Special (SCS). This limited-time rate is a 30 basis point increase over its previous APY. The minimum opening deposit is $5k of new money.

NASA FCU also continues to offer its 49-month Share Certificate Special (2.00% APY), with the rate being available now through September 30, 2016. Like the 15-month SCS, the minimum opening deposit is $5k new money.

The wording in the fine print regarding the new funds requirement is a bit vague:

A minimum of $5,000 in new funds must be brought from an external source
and must be deposited between September 1, 2016 and September 30, 2016.

CSR confirmed that whatever the amount of the opening deposit, $5k must be new funds, while the balance of the opening deposit can be made from funds on deposit at NASA FCU.

While there is no stated maximum deposit balance, the fine print on the Rates page reads:

Credit Union reserves the right to limit deposits into this special certificate.

The 15-month and 49-month Share Certificate Specials are also offered as IRAs (Traditional and Roth) earning the same APY, with the same funding requirements and same time limitations.

As stated in the Member Services Agreement brochure, the Early Withdrawal Penalty reads as follows:

Withdrawal of funds from your certificate account before maturity will result in the loss of 180 days of dividends on the amount withdrawn.

If the funds withdrawn bring the balance below the required minimum, the certificate must be redeemed and 180 days of dividends will be forfeited.

If the amount withdrawn has been in the account less than 180 days, all dividends on the amount withdrawn will be forfeited, and if the term of the certificate is under 180 days, all dividends will be forfeited.

Availability

Headquartered in Upper Marlboro, Maryland, NASA Federal Credit Union offers membership to virtually anyone with several ways to qualify:

Easy Membership: Membership in any of 14 affiliated Associations, (including a complimentary membership to the National Space Society), qualifies for NASA FCU membership.

Employment: Any employee or retiree of NASA Headquarters, any NASA Center or Facility, or NAS, is eligible to join. In addition, any employee or member of one of 900+ NASA FCU partner companies also qualifies 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 ten branches located in Maryland (Annapolis, Bowie, Columbia, Greenbelt, Greenbelt-Lanham, Rockville, Upper Marlboro), Virginia (Falls Church), and the District of Columbia (2). (NASA FCU’s online application is time sensitive, so I have not included a direct link.)

Two of the branch locations (the Goddard Space Flight Center Branch and the National Academy of Science Branch) 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 (NCUA Certificate # 6328) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 5.83% (excellent) based on March 31, 2016 data. In the past year, NASA Federal Credit Union has increased its total deposits by $181.14 million, an excellent annual growth rate of 13.58%. Please refer to our financial overview of NASA Federal Credit Union 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 3rd largest credit union in Maryland and the 113th largest credit union in the nation, with assets in excess of $1.8 billion and over 125,000 members.

How the Share Certificate Specials Compare

When compared to the 115 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available nationally, NASA Federal Credit Union's 15-month Share Certificate Special APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
1.50% APY15-Month Special CDVeridian Credit Union
1.45% APY15-Month Share Certificate SpecialNASA Federal Credit Union
1.40% APY18-Month VIP CD SpecialLake Michigan Credit Union

When compared to the 126 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available nationally, NASA Federal Credit Union's 49-month Share Certificate Special APY currently share the top spot with Bay State Savings Bank’s 48-month CD.

Interest RateCD Length of TermCredit Union/Bank
2.00% APY49-Month Share Certificate SpecialNASA Federal Credit Union
1.91% APY4-Year Share CertificateMelrose Credit Union
1.81% APY48-Month Share CertificateCommunitywide Federal Credit Union

The above rates are accurate as of 9/1/2016.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.

Comments
Anonymous
Anonymous   |     |   Comment #1
When I tried last night the rate was not mentioned and I couldn't open a CD online. I chatted with a rep who opened it for me in a couple of minutes. Just have to mail a check with my member # on the check.
Sylvia
Sylvia   |     |   Comment #2
If it's convenient, you can also deposit check in savings account at shared branch, then call to have it transferred over to CD.
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