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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

331 Comments 197,696 Views
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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 1000GisaKey :
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.
Apparently, Schwab has stopped doing hard pulls since the time I opened my checking account with them. But the practice of an unexpected hard pull when opening a demand deposit account is still around elsewere. See Is Opening A Bank Account A Soft Or Hard Pull? - Doctor Of Credit [doctorofcredit.com] for more discussion. Again, we all know there shouldn't be a hard pull if there is no application for credit of any sort. That's why people are pointing it out where it happens.Some seem to think this is because people are forgetting to opt out of overdraft protection but some datapoints suggest this isn't the case.
Last edited by publicpersona September 11, 2022 at 08:53 AM.
Pro
Sep 11, 2022
995 Posts
Joined Jun 2011
Sep 11, 2022
Cheapskate27
Pro
Sep 11, 2022
995 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.
Incorrect. You lose the previous 3 months of interest if you pull your $, which you can do after only 12 months.
Sep 11, 2022
266 Posts
Joined Jan 2016
Sep 11, 2022
t4m
Sep 11, 2022
266 Posts
Quote from iahawks550 :
Yes, we know who you replied to. It just was not an answer to the question raised by that person. It had nothing to do with it.

The discussion is about gifting I-bonds to a spouse and the limits (10k) of each gift. There is no limit to the number of 10k amounts that can be gifted, there is just a limit to the amount (10k) that can be cashed out each year, by each person.

So, I can do this today:

Me: Buy 10k
Wife: Buy 10k

Me: Gift Wife 10k
Wife: Gift Me 10k

Me: Gift Wife another 10k
Wife: Gift me another 10k

On 9/11/2023, we can both cash out the first ones we bought for each other (losing last three months of interest)
On 1/1/2024, we can both cash out the ones that were gifted (losing last three months of interest)
On 1/1/2025, we can both cash out the last ones that were gifted (losing last three months of interest)

Rinse/Repeat for as many years out as you want (at risk of much lower future rates). Push back cash out dates to five years for each scenario to not lose last three months of interest.
I think the limit is per social security number whether the amount comes from gift or the person buys themselves is immaterial. So if buy yourself, your wife cannot gift you another 10k. Or at least that is what I understand from reading the faq in the treasury website.

https://www.treasurydirect.gov/in...s_ibuy.htm

How much in I bonds can I buy for myself?

In a calendar year, you can acquire:
up to $10,000 in electronic I bonds in TreasuryDirect
up to $5,000 in paper I bonds using your federal income tax refund
Three points:
The limits apply separately, meaning you could acquire up to $15,000 in I bonds in a calendar year
Bonds you buy for yourself and bonds you receive as gifts or via transfers count toward the limit. Two exceptions:
If a bond is transferred to you due to the death of the original owner, the amount doesn't count toward your limit
If you own a paper bond issued before 2008, you can convert it to an electronic bond in your account in TreasuryDirect regardless of the amount of the bond. (The annual limit before 2008 was greater than today's limit of $10,000.)
The limits are applied per Social Security Number of the first person named as owner of a bond or, for an entity, per Employer Identification Number
Sep 11, 2022
945 Posts
Joined Jul 2010
Sep 11, 2022
pghflyer
Sep 11, 2022
945 Posts
Thanks to those of you mentioning buying regular t-bills either direct or secondary. I never realized you could do directly for free (well less bid/ask spread in secondary) at some brokers. I am seeing some with 3% ish yield for just 3 months of holding (if I am reading correctly, will login and review closer before buying any), which would be a 12%APY and better than even the i-bonds which, while good, are more time and amount constrained.
Last edited by pghflyer September 11, 2022 at 09:04 AM.
1
Sep 11, 2022
9,273 Posts
Joined May 2015
Sep 11, 2022
texst
Sep 11, 2022
9,273 Posts
What's the "official" inflation number at now? Like 9%? Seems like actual inflation is like 30%
Sep 11, 2022
3,509 Posts
Joined Dec 2007
Sep 11, 2022
iahawks550
Sep 11, 2022
3,509 Posts
Quote from t4m :
I think the limit is per social security number whether the amount comes from gift or the person buys themselves is immaterial. So if buy yourself, your wife cannot gift you another 10k. Or at least that is what I understand from reading the faq in the treasury website.

https://www.treasurydirect.gov/in...s_ibuy.htm

How much in I bonds can I buy for myself?

In a calendar year, you can acquire:
up to $10,000 in electronic I bonds in TreasuryDirect
up to $5,000 in paper I bonds using your federal income tax refund
Three points:
The limits apply separately, meaning you could acquire up to $15,000 in I bonds in a calendar year
Bonds you buy for yourself and bonds you receive as gifts or via transfers count toward the limit. Two exceptions:
If a bond is transferred to you due to the death of the original owner, the amount doesn't count toward your limit
If you own a paper bond issued before 2008, you can convert it to an electronic bond in your account in TreasuryDirect regardless of the amount of the bond. (The annual limit before 2008 was greater than today's limit of $10,000.)
The limits are applied per Social Security Number of the first person named as owner of a bond or, for an entity, per Employer Identification Number
Yes, you are misunderstanding the FAQ's. You can buy as many gifts as you want, just don't transfer them over to the recipient. We (wife and I bought) 52k worth of I-bonds six months ago as a regular purchase and gifts. I also know my wife and I can only cash these out 10k/year. So, if I cash out a 10k gift in any given year, I cannot also purchase 10k worth, that same year.
Last edited by iahawks550 September 11, 2022 at 09:34 AM.
Sep 11, 2022
2,212 Posts
Joined Jan 2008
Sep 11, 2022
rapidfire94
Sep 11, 2022
2,212 Posts
Quote from t4m :
I think the limit is per social security number whether the amount comes from gift or the person buys themselves is immaterial. So if buy yourself, your wife cannot gift you another 10k. Or at least that is what I understand from reading the faq in the treasury website.

https://www.treasurydirect.gov/in...s_ibuy.htm

How much in I bonds can I buy for myself?

In a calendar year, you can acquire:
up to $10,000 in electronic I bonds in TreasuryDirect
up to $5,000 in paper I bonds using your federal income tax refund
Three points:
The limits apply separately, meaning you could acquire up to $15,000 in I bonds in a calendar year
Bonds you buy for yourself and bonds you receive as gifts or via transfers count toward the limit. Two exceptions:
If a bond is transferred to you due to the death of the original owner, the amount doesn't count toward your limit
If you own a paper bond issued before 2008, you can convert it to an electronic bond in your account in TreasuryDirect regardless of the amount of the bond. (The annual limit before 2008 was greater than today's limit of $10,000.)
The limits are applied per Social Security Number of the first person named as owner of a bond or, for an entity, per Employer Identification Number
You can buy gift but not actually send gift until its a year when the person isn't buying. So I could buy 10k gift for wife this year but couldn't send gift since she bought 10k this year. If next year rates are low where you wouldn't buy then you send gift.

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Sep 11, 2022
377 Posts
Joined Oct 2014
Sep 11, 2022
lartrak
Sep 11, 2022
377 Posts
Quote from texst :
What's the "official" inflation number at now? Like 9%? Seems like actual inflation is like 30%
It varies a lot on the type of good. Some things have actually dropped significantly the past few months or been flat/low increases, like gas and lumber, while others are still rising at the same rates (and those rates are all over the place). They average out a lot of stuff for the official rates, but if you buy more heavily in some categories it'll seem a lot worse to you personally, or possibly a lot better. Also, some goods have had abrupt, staggered increases rather than smooth incremental ones, which makes sticker shock worse.
2
Sep 11, 2022
1,548 Posts
Joined Feb 2010
Sep 11, 2022
DallasGG
Sep 11, 2022
1,548 Posts
Opened up a savings account for $5.00 for future use. This will be nice to have as an additional option for opening up new CD's when my current CD's mature.
Sep 11, 2022
18 Posts
Joined Apr 2022
Sep 11, 2022
SaintJohn_Divine
Sep 11, 2022
18 Posts
Quote from ipak81 :
i bonds? There is a cap. 10k i believe
A married couple can do $40k per year: $10k each and buy a $10k gift for each other.
Sep 11, 2022
2,473 Posts
Joined Apr 2008
Sep 11, 2022
cheapodeal
Sep 11, 2022
2,473 Posts
Quote from SaintJohn_Divine :
A married couple can do $40k per year: $10k each and buy a $10k gift for each other.
I doubt this. I think it is only $10K PER SSN.
2
Sep 11, 2022
2,570 Posts
Joined Nov 2005
Sep 11, 2022
ciswt
Sep 11, 2022
2,570 Posts
Quote from pghflyer :
Thanks to those of you mentioning buying regular t-bills either direct or secondary. I never realized you could do directly for free (well less bid/ask spread in secondary) at some brokers. I am seeing some with 3% ish yield for just 3 months of holding (if I am reading correctly, will login and review closer before buying any), which would be a 12%APY and better than even the i-bonds which, while good, are more time and amount constrained.
You might have been looking at YTM which is expressed as annualized return...
Sep 11, 2022
2,570 Posts
Joined Nov 2005
Sep 11, 2022
ciswt
Sep 11, 2022
2,570 Posts
Quote from cheapodeal :
I doubt this. I think it is only $10K PER SSN.
you have to use the gift box loophole as explained earlier in the thread. But here's some info which may explain it better:
https://thefinancebuff.com/buy-i-...-gift.html
Sep 11, 2022
1,184 Posts
Joined Apr 2011
Sep 11, 2022
newbharry
Sep 11, 2022
1,184 Posts
My Marcus is 3.0% apy now.. withdraw anytime.. and potential to keep going up

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Sep 11, 2022
2,570 Posts
Joined Nov 2005
Sep 11, 2022
ciswt
Sep 11, 2022
2,570 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?
probably not missing much, but one difference is the education tax deduction that you can do with the ibonds...

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