bank rates

NASA FCU Boosts Rates on National CDs

UPDATE 6/2/15: A new extension continues these rates through June 30.

UPDATE 5/1/15: NASA has extended these rates again, through May 31.

UPDATE 4/17/15: NASA has just lowered these rates: 49-month now pays 2.15% APY and 15-month pays 1.15% APY. The rates are good through April 30.

UPDATE 3/3/15: NASA Federal Credit Union extended these offers in February, and it has done so again in March. They are good through the end of the month — at least.

NASA Federal Credit Union has brightened the New Year for savers everywhere by bumping up the rates offered on its 15- and 49-month special CDs.

It’s increased the 15-month return from 1.25% to 1.35% APY, which exceeds the highest nationally available 12-month CD rate of 1.17% APY on our CD Rates Leaderboard.

NASA boosted the yield on its 49-month CD from 2.25% to 2.35% APY, surpassing the best national 60-month CD rate of 2.30% APY.

The minimum opening balance for both of these deals is $5,000 in new money, or funds held at NASA for less than 30 days.

These offers are good at least until Jan. 31, 2015, but NASA has been extending special offers month by month.

Headquartered in Washington, D.C., NASA operates 12 branches in Virginia, Maryland and the District of Columbia.

It has something over $1 billion in deposits and earns four out of five stars from Bankrate’s Safe & Sound rating system.

The special CDs are only available to NASA FCU members.

Those eligible for membership include employees and retirees of the National Aeronautics and Space Administration and the National Academy of Sciences, employees or members of one of about 900 partner companies or associations, and relatives and household members of a current member.

In addition, membership is available to anyone joining the National Space Society (NSS). Application for a complimentary NSS membership can be made on NASA’s website.

Those already members can open a special certificate of deposit at any branch or over the phone.

The issues I posted about last year regarding NASA’s Truth in Savings Act disclosures have been resolved, so I’m looking at moving funds from a maturing CD at Alliant Credit Union (where the 4-year rate is 2.10% APY) into a 49-month NASA CD.

That is, if no better deal comes along before then.

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