bank rates

National Deal: 24-Month CD Pays 1.36%

Dollar sign in the cloudsNorthrop Grumman Federal Credit Union has decent 24-month CD rates – and they’re available to savers everywhere.

It pays 1.36% APY with a $40,000 minimum deposit.

That’s nearly a tenth of a percentage point higher than the top nationally available 24-month offer on our CD Rates Leaderboard.

It also pays 1.52% APY for 36-month CDs, which slightly bests that term’s lead rate of 1.45% APY.

You have to be a member of Northrop Grumman Federal Credit Union to purchase these certificates of deposit. Membership is open to employees and retirees of the Northrop Grumman Corp. and its subsidiaries, Metro of Los Angeles County, and members’ family members.

But members of the Southern California Historical Aircraft Foundation can also join the credit union. Anyone can join this foundation, making this an offer available nationwide.

Membership in the foundation requires a donation of $50, which is tax-deductible.

Membership in Northrop Grumman Federal Credit Union requires a $3 membership fee and a $5 deposit in a share savings account.

Members can buy CDs online or in person at a branch.

Northrop Grumman Federal Credit Union has 21 branches in California, Florida, Illinois, Louisiana, Maryland and Virginia.

Learn more about Northrop Grumman Federal Credit Union at www.ngfcu.us or call 800-633-2848.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

UPDATE 5/28/2014: Northrop Grumman has already lowered these rates slightly. The 24-month CD now pays 1.35% APY, and the 36-month CD pays 1.50% APY.

UPDATE 6/3/2014: Northrop Grumman has lowered these rates slightly once more. The 24-month CD now pays 1.33% APY, and the 36-month CD pays 1.48% APY.

UPDATE 6/10/2014: The 24-month CD now pays 1.31% APY.

UPDATE 6/17/2014: The 24-month CD now pays 1.29% APY; the 36-month CD pays 1.47% APY.

UPDATE 6/27/2014: The 24-month CD now pays 1.28% APY; the 36-month CD pays 1.46% APY.

UPDATE 7/8/2014: The 24-month CD now pays 1.26% APY; the 36-month CD pays 1.45% APY.

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