It has been awhile since NASA Federal Credit Union has offered a competitive CD special. So I’m pleasantly surprised to see its new CD special which has a 2.00% APY and a 49-month term. Minimum deposit is $5,000, and new money is required. It’s also available in an IRA. This special is listed at the credit union’s rates table as of 2/10/2014. It’s a limited-time offer that is subject to change at any time.
|2.00%||$5k||-||NASA Federal Credit Union||49 Months Share Certificate Special|
According to the credit union’s Q&A’s database, the early withdrawal penalty is "up to six month's loss of dividends on the amount withdrawn."
In addition to NASA and many other select employee groups, the credit union's field of membership includes several associations in which anyone can join. One of those associations is the Moon Society. NASA FCU has a link to the Moon Society application page. The cost ranges from $20 to $35. Once you’re a Moon Society member, you can apply online for NASA FCU membership. In the membership eligibility section of the credit union application, you can select Moon Society. For more details, please refer to the credit union’s membership page and NASA FCU’s associations page.
Credit union membership page requires a minimum balance of $5 in the savings account.
Credit Union Overview
NASA Federal Credit Union branches are located in Maryland, Washington, DC and Virginia. Some of these branches are in facilities that have restricted access. The credit union is part of the CO-OP Shared Branch network. This allows NASA FCU members to conduct many banking transactions at other credit unions that are part of this network.
NASA FCU is a large credit union with over $1 billion in assets. The credit union has an overall health grade at DepositAccounts.com of an A with a Texas ratio of 4.23% (excellent) based on September 2013 data. Please refer to our financial overview of NASA Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 6328).
How This CD Rate Compares
NASA FCU’s 49-month CD rate is higher than any other 49- or 48-month CD rate that’s nationally available. Navy Federal has a Jumbo 48-month CD with a yield of 2.05%. However, Navy Federal membership has limitations. The highest 4-year CD rate at an internet bank is 1.75% APY at CIT Bank.
To search for the best nationwide rates and the best rates in your state, please refer to the following sections of DepositAccounts.com:
Edit 6/13/14: Updated membership information.