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NASA FCU Boosts Return On 49-Month CDs

Although we don’t track how long an institution remains on our roundup of the nation’s top-paying CDs from credit unions and community banks, at least one has held a leading spot for more than two years now.

It’s a deal that’s available to savers everywhere, and it just got sweeter.

NASA Federal Credit Union‘s long-lived 49-month promotion increased to 2.20% APY this week, up from the 2.00% APY it had offered since early March.

That takes it above the top nationally available 48-month yield of 2.13% APY from the banks on our CD Rates Leaderboard.

NASA first offered its 49-month certificate of deposit way back in February 2014, paying 2.00% APY. Since then, it’s been raised and lowered a handful of times, extending as high as 2.35% APY in early 2015.

The minimum opening balance remains $5,000 in new money, and it carries a reasonably mild early-withdrawal penalty of six months’ interest.

Those eligible for NASA membership include employees and retirees of the National Aeronautics and Space Administration and the National Academy of Sciences, as well as employees or members of one of about 900 partner organizations.

But anyone can become eligible by joining the National Space Society (NSS) – compliments of NASA – via an application on its website.

New members can join NASA and open its certificates of deposit online or at one of its 12 branches in Washington, D.C., Maryland and Virginia. But existing members aren’t afforded the online option, needing instead to call or visit a branch.

NASA’s deal will be tough to beat, but it’s still always smart to check Bankrate’s extensive database of the day’s best CD rates before committing to any certificate.

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