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frontpageaddictedsaver posted May 04, 2023 02:17 PM
frontpageaddictedsaver posted May 04, 2023 02:17 PM

NASA Federal Credit Union Members: High Yield Certificates: 15-Mo 5.30% APY, 9-Mo

& More ($10k minimum deposit)

5.50% 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 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:
  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 SaltyOne | Staff
  • About this deal:
    • All APYs current as of May 1, 2023. Comparison rates are sourced from FDIC.gov.
    • A minimum of $10,000 of new funds brought from an external source required to open all special certificates. 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 49-month Certificate renews automatically to a standard 48-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 9-month Certificate renews automatically to a standard 6-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.
  • Compare this rate to other CDs in the market.

Original Post

Written by addictedsaver
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 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:
  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 SaltyOne | Staff
  • About this deal:
    • All APYs current as of May 1, 2023. Comparison rates are sourced from FDIC.gov.
    • A minimum of $10,000 of new funds brought from an external source required to open all special certificates. 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 49-month Certificate renews automatically to a standard 48-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 9-month Certificate renews automatically to a standard 6-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.
  • Compare this rate to other CDs in the market.

Original Post

Written by addictedsaver

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Top Comments

Commodities1
201 Posts
168 Reputation
If you have an account with NASA FCU, this is a great deal. However, if you need to open an account and transfer cash in and then transfer cash out - well maybe there are better alternatives.

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
imnotminkus
715 Posts
176 Reputation
Credit Unions are insured by NCUA [wikipedia.org], the credit union version of the FDIC. And NASA FCU is NCUA insured: https://www.nasafcu.com/about-us
Hope4Best
533 Posts
33 Reputation
Citizen minimum deposit requirement is $25000.

256 Comments

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May 08, 2023 04:29 PM
1,126 Posts
Joined Apr 2014
wwphilMay 08, 2023 04:29 PM
1,126 Posts
Quote from Commodities1 :
It should not. The rates should be close. It should be slightly different because of

1. something called "on the run" and "off the run"
2. bid-ask spread offered by the dealer.

Look at the CUSIP I posted and let me know what rate you see. I can then tell you what is going on. Alternatively, give me a CUSIP you see with the rate and I will check.
I'm checking on CUSIP 912796Y37 (matured at 08/03) with two brokerage accounts.
The first one shows a price of $98.98 with a discount or yield of 4.268%
The second one shows a price of $98.79 with a yield of 5.19%.
Isn't that a wide gap?
May 08, 2023 04:49 PM
1,126 Posts
Joined Apr 2014
wwphilMay 08, 2023 04:49 PM
1,126 Posts
The NASA FCU requires uploading a scanned copy of ID, which other institutions don't.
For those who have opened accounts with them, are you fine with exposing your identity information?
May 08, 2023 05:12 PM
1,126 Posts
Joined Apr 2014
wwphilMay 08, 2023 05:12 PM
1,126 Posts
once i open the account, within how long do i have to make the deposit?
May 08, 2023 05:22 PM
201 Posts
Joined Jul 2018
Commodities1May 08, 2023 05:22 PM
201 Posts
Quote from wwphil :
I'm checking on CUSIP 912796Y37 (matured at 08/03) with two brokerage accounts.
The first one shows a price of $98.98 with a discount or yield of 4.268%
The second one shows a price of $98.79 with a yield of 5.19%.
Isn't that a wide gap?
The $98.98 price is just off (or it is marked up significantly). What brokerage did you get this one from?

I am looking at the depth of book which shows all bids and offers. You should be able to buy this CUSIP for $98.790 which will yield you 5.198% if you hold it to maturity (8/3/2023). It's not callable so you will get that yield.
May 08, 2023 05:26 PM
768 Posts
Joined Jan 2008
DizMay 08, 2023 05:26 PM
768 Posts
Quote from wwphil :
The NASA FCU requires uploading a scanned copy of ID, which other institutions don't.
For those who have opened accounts with them, are you fine with exposing your identity information?
As if your ID isn't already exposed? It's impossible for this to not already be the case.
May 08, 2023 05:28 PM
201 Posts
Joined Jul 2018
Commodities1May 08, 2023 05:28 PM
201 Posts
Quote from WineWomenSong :
Where do you see Munis at 4pct? The FCU comparison with treasuries does not take into account that treasuries are not subject to state and local tax. Therefore in some cases treasuries with same tax comparison with FCU yield more than 6pct.
State taxes (ex NY and CA) are pretty low so typically not take into account - but if you do that calculation too - which is simple enough. Federal rates are much higher so that is why munis are valued on an after tax basis. Both Interactive Brokers and Fidelity have munis yielding 4%. Here is a AAA maturing in 3 weeks that is at 4% - 239019R38
May 08, 2023 06:03 PM
2,522 Posts
Joined Nov 2009
dubmangMay 08, 2023 06:03 PM
2,522 Posts
sign up

deposit $15k

let it sit for 9 months and ill get a 5.5% return on it?

why does it sound easy to just keep doing these as they pop up?

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May 08, 2023 06:22 PM
1,042 Posts
Joined May 2021
JollyReward108May 08, 2023 06:22 PM
1,042 Posts
Quote from Pga :
I just got 5.5% for 22 months instead....
Where?
May 08, 2023 06:24 PM
1,042 Posts
Joined May 2021
JollyReward108May 08, 2023 06:24 PM
1,042 Posts
Quote from jb05 :
Do you have a link to this offer?
They ended the offer.
May 08, 2023 06:54 PM
229 Posts
Joined Oct 2008
ek9cuscoMay 08, 2023 06:54 PM
229 Posts
Quote from DogAndPony :
New issues are a bit lower now. You can still buy on the secondary market for ~5.3% yield
yea i saw some in secondary market, but noob to fidelity and tbill investing. i saw some that the yield is 5.4, but bid was 5.3% and then there's fill or kill, etc.. totally clueless...
May 08, 2023 07:26 PM
240 Posts
Joined Nov 2010
davitalMay 08, 2023 07:26 PM
240 Posts
Quote from dubmang :
sign up

deposit $15k

let it sit for 9 months and ill get a 5.5% return on it?

why does it sound easy to just keep doing these as they pop up?
5.5% yearly return. You won't get 5.5% of the $15k.
May 08, 2023 10:24 PM
34 Posts
Joined Mar 2022
HonestStraw7868May 08, 2023 10:24 PM
34 Posts
Quote from n8236 :
Also want to add that if you have kids or business entity, then you qualify for more than your own 10k/year I-bond limit. I did this for my LLC, so 20k invested. Locked in 9.625% back in Oct of 2022. Rates change every 6 months depending on inflation.
Also note if you cash in your I bond before 5 years you pay 3 months interest penay
May 08, 2023 10:33 PM
300 Posts
Joined Dec 2007
averagepete83May 08, 2023 10:33 PM
300 Posts
Anyone know how long it takes to open the account after signing up?
Pro
May 08, 2023 11:33 PM
3,828 Posts
Joined Oct 2013
freshsqueezed
Pro
May 08, 2023 11:33 PM
3,828 Posts
Thanks for the good info in this thread. I went into a local citizens bank today and opened the 10-month CD at 5.5% yield. Incoming wire transfers are free at citizens. The only catch here, is that you must also open a checking account and keep $25 minimum in the account to avoid any fees. Also, they told me that there is an inactivity fee if there is no activity in the checking account for one year, so just an FYI. I plan on linking the checking account via ACH to my GS account and transfer all the money out when the CD matures.

This CD rate at citizens is an in branch only offer, you will not find it on their website. When you go into one of their branches, it is posted everywhere. It shows that the offer expires on the 31st of this month, yet they can pull the offer at any time.
Last edited by freshsqueezed May 8, 2023 at 05:36 PM.
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May 09, 2023 12:44 AM
10 Posts
Joined Mar 2017
sockdealsMay 09, 2023 12:44 AM
10 Posts
Quote from wwphil :
The NASA FCU requires uploading a scanned copy of ID, which other institutions don't.
For those who have opened accounts with them, are you fine with exposing your identity information?
Some places (Cap One) have actually asked me to *email* DL and passport. I declined.

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