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
addictedsaver for sharing 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 5.50% APY
- 15-Month Certificate 5.30% APY
- 49-Month Certificate 4.60% APY
Deal Instructions:
- Login to eBranch and click the eBranch Certificate Banner on the right-hand side.
- Select "New Certificate Account," then choose your 9-, 15-, or 49-month Certificate.
- 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.
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Top Comments
1. Zero Coupon (3 mo) T-bills are yielding 5.2% (Cusip: 912796XY0). You can ladder these and get up to the 9 mos if you want. The extra 0.3% at NASA (assume $10k deposit) is worth $22.
2. Munis - I am seeing Munis (around 9 mos expiration) yielding 4% - these are tax exempt, so 4% / (1-your tax rate) to get after tax yield. These 4% therefore are close to 6%, but there is some risk in munis.
3. Is it worth it - so for each 0.5% increase in yield on a CD (assume you deposit $10k), you get an extra $37. If your bank has a 5% CD and you go through the hassle (I am assuming it is a hassle) to open a new account to get the 5.5%, is the extra $37 worth it to you. That is the real qs.
Just my $0.02. Peace
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That being said it doesn't seem like the rates will drop by much in 1 month.
And fwiw T bills aren't insured, but CDs are.
I IMAGINE as long as the bank makes it (i.e. bank not collapsing) to the end of a month and your balance is less than 250k then the interest up to that point is insured as well.
That being said it doesn't seem like the rates will drop by much in 1 month.
And fwiw T bills aren't insured, but CDs are.
Lol that's ironic- both are backed by the full faith and credit of the US government.
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1. Zero Coupon (3 mo) T-bills are yielding 5.2% (Cusip: 912796XY0). You can ladder these and get up to the 9 mos if you want. The extra 0.3% at NASA (assume $10k deposit) is worth $22.
2. Munis - I am seeing Munis (around 9 mos expiration) yielding 4% - these are tax exempt, so 4% / (1-your tax rate) to get after tax yield. These 4% therefore are close to 6%, but there is some risk in munis.
3. Is it worth it - so for each 0.5% increase in yield on a CD (assume you deposit $10k), you get an extra $37. If your bank has a 5% CD and you go through the hassle (I am assuming it is a hassle) to open a new account to get the 5.5%, is the extra $37 worth it to you. That is the real qs.
Just my $0.02. Peace
That being said it doesn't seem like the rates will drop by much in 1 month.
And fwiw T bills aren't insured, but CDs are.
[treasury.gov]
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