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frontpage Posted by Value-not-cheap • Sep 9, 2022
frontpage Posted by Value-not-cheap • Sep 9, 2022

NASA Federal Credit Union Members: High Yield Certificates: 15-Mo 3.75% APY, 9-Mo

& More ($10k minimum deposit)

3.55% APY

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Deal Details
NASA Federal Credit Union is offering for their Members: High Yield Certificates of Deposit as listed below with minimum $10,000 deposit.

Thanks to Community Member Value-not-cheap for posting this deal.

Note: You must be a NASA Federal Credit Union member to participate in this deal. Click here for membership info and here for membership application. See Deal Editor's Notes for additional terms & conditions.

Available:
  • 9-Month Certificate 3.55% APY
  • 15-Month Certificate 3.75% APY
  • 49-Month Certificate 3.85% APY
Deal Instructions:
  1. Login to eBranch and click the eBranch Certificate Banner on the right-hand side.
  2. Select "New Certificate Account," then choose your 9-, 15-, or 49-month Certificate.
  3. Select the Account you'd like to transfer funds from along with the amount.
    • The minimum deposit for high-yield certificates is $10,000 and funds must be available in an eligible NASA Federal deposit account at time of opening.
    • There are multiple ways to deposit funds including ACH, Wire Transfers, or Mailing a Check.

Editor's Notes

Written by StrawMan86 | Staff
  • About this deal:
    • All APYs current as of September 1, 2022. Comparison rates are sourced from FDIC.gov.
    • A minimum $10,000 in new funds required and must be brought from an external source. Early withdrawal penalties apply and may reduce earnings. Credit Union reserves the right to limit deposits into this special Certificate.
    • This limited-time offer is subject to change at any time without notice.
    • Special 9-month Certificate renews automatically to a standard 6-month term at the rate in effect at the time of renewal unless instructed otherwise.
    • Special 15-month Certificate renews automatically to a standard 12-month term at the rate in effect at the time of renewal unless instructed otherwise.
    • Special 49-month Certificate renews automatically to a standard 48-month term at the rate in effect at the time of renewal unless instructed otherwise.
  • About this Credit Union:
    • NASA Federal Credit Union is federally insured by the NCUA. More info here.
  • Please refer to the forum thread for additional details & discussion. -StrawMan86

Original Post

Written by Value-not-cheap
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
NASA Federal Credit Union is offering for their Members: High Yield Certificates of Deposit as listed below with minimum $10,000 deposit.

Thanks to Community Member Value-not-cheap for posting this deal.

Note: You must be a NASA Federal Credit Union member to participate in this deal. Click here for membership info and here for membership application. See Deal Editor's Notes for additional terms & conditions.

Available:
  • 9-Month Certificate 3.55% APY
  • 15-Month Certificate 3.75% APY
  • 49-Month Certificate 3.85% APY
Deal Instructions:
  1. Login to eBranch and click the eBranch Certificate Banner on the right-hand side.
  2. Select "New Certificate Account," then choose your 9-, 15-, or 49-month Certificate.
  3. Select the Account you'd like to transfer funds from along with the amount.
    • The minimum deposit for high-yield certificates is $10,000 and funds must be available in an eligible NASA Federal deposit account at time of opening.
    • There are multiple ways to deposit funds including ACH, Wire Transfers, or Mailing a Check.

Editor's Notes

Written by StrawMan86 | Staff
  • About this deal:
    • All APYs current as of September 1, 2022. Comparison rates are sourced from FDIC.gov.
    • A minimum $10,000 in new funds required and must be brought from an external source. Early withdrawal penalties apply and may reduce earnings. Credit Union reserves the right to limit deposits into this special Certificate.
    • This limited-time offer is subject to change at any time without notice.
    • Special 9-month Certificate renews automatically to a standard 6-month term at the rate in effect at the time of renewal unless instructed otherwise.
    • Special 15-month Certificate renews automatically to a standard 12-month term at the rate in effect at the time of renewal unless instructed otherwise.
    • Special 49-month Certificate renews automatically to a standard 48-month term at the rate in effect at the time of renewal unless instructed otherwise.
  • About this Credit Union:
    • NASA Federal Credit Union is federally insured by the NCUA. More info here.
  • Please refer to the forum thread for additional details & discussion. -StrawMan86

Original Post

Written by Value-not-cheap

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Top Comments

Not bad for short term.


Who is Eligible?

Not a NASA Employee? See if you're eligible! You can join NASA Federal in many ways:

If you are an employee or retiree of NASA Headquarters, any NASA Center or Facility, or National Academy of Sciences (NAS)

If you are an employee or member of the 900 NASA Federal Credit Union partner companies or associations

If you are a relative or household member of a current NASA Federal Credit Union Member

If none of the above apply to you – we will provide a complimentary one-year affiliated membership to the National Space Society (NSS) which entitles you to full NASA Federal membership benefits
Sun East [suneast.org]Fed Credit Union also has very promotion @ 4% on 9-month CD. Anyone can join Sun East by making a $10 donation to the Sun East Charitable Foundation.
They also offer 4.00% for a 6-month CD as well.

331 Comments

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Sep 11, 2022
973 Posts
Joined Apr 2017
Sep 11, 2022
publicpersona
Sep 11, 2022
973 Posts
Quote from ciswt :
i-bonds don't pay out until you redeem them. the interest is compounded every 6 months. if you redeem from year 1-5 you forfeit the previous 6 months interest. redeem at any time after 5 years to keep it all. I don't remember if you can even redeem under 1 year, but if you can you get no interest at all.
The EWP from years 2-5 is 3 months, not 6. And no, you can't sell at all in year 1.
Sep 11, 2022
1,530 Posts
Joined Jul 2006
Sep 11, 2022
Analog
Sep 11, 2022
1,530 Posts
Quote from jdubster :
Those rates are out of this world
Well, perhaps. After all, NASA sent a probe to Uranus...

EEK!
2
Sep 11, 2022
973 Posts
Joined Apr 2017
Sep 11, 2022
publicpersona
Sep 11, 2022
973 Posts
Quote from 1000GisaKey :
No. It's not a credit product. Hard pulls ONLY apply to credit, never deposit.
That is true in theory. A hard pull should mean you've applied for credit. However, some financial institutions such as NASA CU (apparently per this thread) and Schwab do a hard pull when you open a deposit account, sometimes blamed on 'know your customer" or overdraft protection that you didn't ask for. Again, they shouldn't. That's why it is noteworthy.
Sep 11, 2022
3,311 Posts
Joined Apr 2004
Sep 11, 2022
Ryan166
Sep 11, 2022
3,311 Posts
TIPS of any maturity now pay around 1% plus inflation. But it seems like everyone in here loves I-Bonds which pay 0% plus inflation. What am I missing?
Sep 11, 2022
708 Posts
Joined Dec 2007
Sep 11, 2022
mser4fun
Sep 11, 2022
708 Posts
The reviews about this credit union are really bad. Anyone here successfully funded a CD with the draconian identity verification requirements people are taking about?
Pro
Sep 11, 2022
8,700 Posts
Joined Feb 2007
Sep 11, 2022
trza
Pro
Sep 11, 2022
8,700 Posts
Quote from skwishbot :
Considering SD is owned by Goldman Sachs, I miss any kind of independent financial discussions. The mods are brutal... Reddit is basically all that's left and they're under heavy surveillance
Reddit is owned by Tencent (Chinese govt). You think that's any better than GS?
Sep 11, 2022
1,706 Posts
Joined May 2010
Sep 11, 2022
xmonger
Sep 11, 2022
1,706 Posts
I never remember a time when online banks like Ally and the like paid less than fed funds and rates were so far below the rate of inflation...but here we are.

They are stealing from savers left and right.

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Sep 11, 2022
668 Posts
Joined Sep 2007
Sep 11, 2022
happyusmle
Sep 11, 2022
668 Posts
thanks
Sep 11, 2022
1,520 Posts
Joined Apr 2007
Sep 11, 2022
QueenMegz
Sep 11, 2022
1,520 Posts
Not being a jerk - honest question.
Aside from a small amount more interest - why would this be any better than the every day 3% interest Lake Michigan Credit Union gives me on my checking account?
Sep 11, 2022
752 Posts
Joined Dec 2019
Sep 11, 2022
1000GisaKey
Sep 11, 2022
752 Posts
Quote from publicpersona :
That is true in theory. A hard pull should mean you've applied for credit. However, some financial institutions such as NASA CU (apparently per this thread) and Schwab do a hard pull when you open a deposit account, sometimes blamed on 'know your customer" or overdraft protection that you didn't ask for. Again, they shouldn't. That's why it is noteworthy.
Interesting, I work in banking and have never heard of kyc being grounds for a hard pull, ever, and maybe an investment type account could be grounds for a hard pull if there's some sort of credit line (i.e. FX trading) complimenting a DDA but the DDA being the cause of the hard pull, I'd be interested to see where that is in the T&c's at Schwab.
Sep 11, 2022
3,496 Posts
Joined Dec 2007
Sep 11, 2022
iahawks550
Sep 11, 2022
3,496 Posts
Quote from QueenMegz :
Not being a jerk - honest question.
Aside from a small amount more interest - why would this be any better than the every day 3% interest Lake Michigan Credit Union gives me on my checking account?
Dollar limits to such accounts? If that's not an issue, there isn't much of an advantage.
Sep 11, 2022
733 Posts
Joined Sep 2011
Sep 11, 2022
d_wave27
Sep 11, 2022
733 Posts
Quote from ChuckC6176 :
Current is paying 4% on 2k$ savings pods, apy daily
Give me your current code and I'll sign up now
Sep 11, 2022
95 Posts
Joined Jul 2022
Sep 11, 2022
FaithfulRailway8184
Sep 11, 2022
95 Posts
Quote from vaiof1 :
Don't these require a hard inquiry?
That's what she said
1
Sep 11, 2022
1,066 Posts
Joined Apr 2009
Sep 11, 2022
VNlilMAN
Sep 11, 2022
1,066 Posts
Quote from Ryan166 :
TIPS of any maturity now pay around 1% plus inflation. But it seems like everyone in here loves I-Bonds which pay 0% plus inflation. What am I missing?
"The principal of a TIPS increases with inflation and decreases with deflation"

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Sep 11, 2022
93 Posts
Joined Sep 2015
Sep 11, 2022
Iamdko
Sep 11, 2022
93 Posts
Quote from CleverChicken951 :
One reason: hard pull stays on credit history for a year.
If you were to have many such, it will effectively lower the score, gives an impression you were looking for credit.
2 years
Pro
Sep 11, 2022
960 Posts
Joined Jun 2011
Sep 11, 2022
Cheapskate27
Pro
Sep 11, 2022
960 Posts
An alternative to consider…

US Treasury I-bonds pay over 9%. You can withdraw after 1 year for a penalty of the most recent 3 months of interest. Unless you do a long term CD like 49 months and are ok with this rate for 4+ years, I bonds are definitely better. Maybe even better than a long term CD, if inflation doesn't go away within a year. And the early withdrawal penalty is pretty reasonable with I bonds.

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