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frontpageaddictedsaver posted May 04, 2023 02:17 PM
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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 13, 2023 09:39 AM
5,644 Posts
Joined Aug 2016
duckeggsMay 13, 2023 09:39 AM
5,644 Posts
Fml. I thought it was navy fed credit union we were talking about in this thread lmao
May 13, 2023 01:51 PM
471 Posts
Joined Jan 2006
GaryRenoMay 13, 2023 01:51 PM
471 Posts
Quote from HDP_ :
wealthfront.com. They partnered with 10+ banks to spread your money out to offer great interest. $2M insured and great saving rate with no minimum deposit, no lengthy lock like CD and beautiful UI/UX site/app. Do your research on it and you'll see many positive reviews about it. I've been earning $1k/month on passive income for $20k saving.
Could you expand on that a bit?
May 13, 2023 04:48 PM
611 Posts
Joined Dec 2009
qbluntMay 13, 2023 04:48 PM
611 Posts
Legit question here for some folks. I have $115K sitting in an Amex savings account. I want to keep at least 20-25K for an emergency in there, I guess. Where would you park the $90K other than where I have it now? I have a regular checking and savings account where my paychecks go, so I always have a few thousand sitting there after all bills are paid. I never touch the Amex savings besides adding to it monthly. It's been in Amex for years. Feels like I can do something better. I already have a 401K with company matching, and I'm putting about 22% of my paycheck towards it every month.
May 13, 2023 07:38 PM
244 Posts
Joined Jan 2006
HDP_May 13, 2023 07:38 PM
244 Posts
Quote from qblunt :
Legit question here for some folks. I have $115K sitting in an Amex savings account. I want to keep at least 20-25K for an emergency in there, I guess. Where would you park the $90K other than where I have it now? I have a regular checking and savings account where my paychecks go, so I always have a few thousand sitting there after all bills are paid. I never touch the Amex savings besides adding to it monthly. It's been in Amex for years. Feels like I can do something better. I already have a 401K with company matching, and I'm putting about 22% of my paycheck towards it every month.
Put your money in Wealthfront.com. It's an online saving bank that currently offers 4.55% interest rate with no lock-in period (i.e. 3/6/9/12 months like CD). You earn interest every month. Your money is liquid, meaning you can withdraw all of it at anytime with no restriction. They have no minimum deposit amount, unlike other high saving accounts. They have $5M FDIC insurance on your money.

The 4.55% interest rate is for any new member sign up. If you have a referral code, it will boost that rate to 5.05%. I've been making $1k/month on my $20k saving with just extra money sitting in the bank.
Last edited by acesmuzic May 28, 2023 at 06:46 PM.
2
May 13, 2023 07:41 PM
611 Posts
Joined Dec 2009
qbluntMay 13, 2023 07:41 PM
611 Posts
Quote from HDP_ :
Put your money in Wealthfront.com. It's an online saving bank that currently offers 4.55% interest rate with no lock-in period (i.e. 3/6/9/12 months like CD). You earn interest every month. Your money is liquid, meaning you can withdraw all of it at anytime with no restriction. They have no minimum deposit amount, unlike other high saving accounts. They have $5M FDIC insurance on your money.

The 4.55% interest rate is for any new member sign up. If you have a referral code, it will boost that rate to 5.05%. I've been making $1k/month on my $20k saving with just extra money sitting in the bank.

Hey, thanks for the info. but does the rate fluctuate or change with the market like everyone else.
Last edited by acesmuzic May 28, 2023 at 06:47 PM.
May 13, 2023 07:48 PM
244 Posts
Joined Jan 2006
HDP_May 13, 2023 07:48 PM
244 Posts
Quote from GaryReno :
Could you expand on that a bit?
Wealthfront (WF) is investing your money in the Treasury Bill, but the benefit of using WF is that your money is not locked for a certain period of time like the T-bill. You can withdraw your money anytime. The T-bill is basically a bond that you give to the US gov and in return, they pay you in interest. T-bill required a minimum deposit, and locked your money, meaning once deposited, you cannot withdraw your money in 3/6/9/12 months. What if you have a dire emergency that need that saving? You're SOL.

I've been using WF for over a year and the result is exceptional. Each month, I deposited $1k saving there. They deposit my earning interest at the end of the money. If something unexpected happens and I need quick cash (i.e. $5k), I withdraw it from WF to my bank without issue. It's basically a checking account with high interest rate and the way they are able to offer that is they lend your money to their partnered banks, for a bit more interest than what they offer you, i.e. your account earn 4.55% and their partnered banks give WF 4.75% interest. They make 0.20% on your money. It's not a lot but enough for pay their bills & overhead.

The part I mentioned about $2M insurance on your money deposited is incorrect. It's actually $5M. Check their website (Wealthfront.com).

The 4.55% interest rate offer is for any new member sign-up. If you have a referral code, it will boost that rate to 5.05%. DM me if you'd like a referral code. I've been making $1k/month on my $20k saving with just extra money sitting in the bank.
1
May 13, 2023 07:51 PM
244 Posts
Joined Jan 2006
HDP_May 13, 2023 07:51 PM
244 Posts
Quote from qblunt :
Hey, thanks for the info. but does the rate fluctuate or change with the market like everyone else.
I'm sure it will but I don't see the rate going down any time this year. Like I've said, I been putting money in Wealthfront for over a year. During this time frame, the US economy has been in the toilet and the Federal Reserve kept raising interest rate every few months, causing WF interest rate to keep going up as well. When I signed up last year, it was 3.7%, then few months later, 3.9%. Then 4.2%. Earlier this month, it hits 4.55%
Last edited by acesmuzic May 28, 2023 at 06:47 PM.

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May 13, 2023 10:50 PM
19 Posts
Joined Sep 2019
WittyMagic497May 13, 2023 10:50 PM
19 Posts
Quote from HDP_ :
Wealthfront (WF) is investing your money in the Treasury Bill, but the benefit of using WF is that your money is not locked for a certain period of time like the T-bill. You can withdraw your money anytime. The T-bill is basically a bond that you give to the US gov and in return, they pay you in interest. T-bill required a minimum deposit, and locked your money, meaning once deposited, you cannot withdraw your money in 3/6/9/12 months. What if you have a dire emergency that need that saving? You're SOL.

I've been using WF for over a year and the result is exceptional. Each month, I deposited $1k saving there. They deposit my earning interest at the end of the money. If something unexpected happens and I need quick cash (i.e. $5k), I withdraw it from WF to my bank without issue. It's basically a checking account with high interest rate and the way they are able to offer that is they lend your money to their partnered banks, for a bit more interest than what they offer you, i.e. your account earn 4.55% and their partnered banks give WF 4.75% interest. They make 0.20% on your money. It's not a lot but enough for pay their bills & overhead.

The part I mentioned about $2M insurance on your money deposited is incorrect. It's actually $5M. Check their website (Wealthfront.com).

The 4.55% interest rate offer is for any new member sign-up. If you have a referral code, it will boost that rate to 5.05%. I've been making $1k/month on my $20k saving with just extra money sitting in the bank.
$1k monthly with 20K sitting in savings? How is that even possible?
Last edited by acesmuzic May 28, 2023 at 06:48 PM.
May 13, 2023 11:03 PM
86 Posts
Joined May 2021
TealWealth485May 13, 2023 11:03 PM
86 Posts
Quote from WittyMagic497 :
$1k monthly with 20K sitting in savings? How is that even possible?
He's computing 5% per month rather than 5% APY. 1k monthly on 20k is 5% per month, which corresponds to a 79.6% APY (58.6% APR). Obviously 79.6% APY is not possible, but there are many investments that pay 5% APY when the federal funds rate is 5.1% -- money markets with low expense ratio, t-bills, CDs such as the topic of this thread, a few bank HYSA, etc.
May 13, 2023 11:49 PM
507 Posts
Joined Nov 2007
antfreebeeMay 13, 2023 11:49 PM
507 Posts
Just trying to think this through… If t-bills are around 5% as well for around the same duration, would it be more advantageous to go that route as opposed to CDs? T-bills are government backed and are not subject to local and state incomes taxes. Is that right? Or am I missing something?
May 14, 2023 12:15 AM
6 Posts
Joined Jul 2022
AmusedOctopus280May 14, 2023 12:15 AM
6 Posts
Such a massive pain in the ass to open an account a NASA CU online.
May 14, 2023 01:38 PM
67 Posts
Joined Jul 2021
LikeMyDealsDirtyMay 14, 2023 01:38 PM
67 Posts
49 months is looking great as I can almost bet rates won't be this high in 3-4 years. The better long term money play if you have funds to shelve for a while.
May 14, 2023 08:37 PM
937 Posts
Joined Oct 2010
kephaelMay 14, 2023 08:37 PM
937 Posts
Quote from antfreebee :
Just trying to think this through… If t-bills are around 5% as well for around the same duration, would it be more advantageous to go that route as opposed to CDs? T-bills are government backed and are not subject to local and state incomes taxes. Is that right? Or am I missing something?
That's right, but T-Bills are only higher yielding for shorter periods since the yield curve is inverted. You have interest rate reduction risks versus a longer term, non-callable CD.
May 14, 2023 11:18 PM
3,240 Posts
Joined Feb 2008
rjm08May 14, 2023 11:18 PM
3,240 Posts
as i get older, i find myself less willing to keep opening new accounts for small differences.
so even though i have a nasa account and even though i have a few cds maturing soon at nasa the money is going to my broker and to treasuries.

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May 14, 2023 11:21 PM
3,240 Posts
Joined Feb 2008
rjm08May 14, 2023 11:21 PM
3,240 Posts
Quote from HDP_ :
Put your money in Wealthfront.com. It's an online saving bank that currently offers 4.55% interest rate with no lock-in period (i.e. 3/6/9/12 months like CD). You earn interest every month. Your money is liquid, meaning you can withdraw all of it at anytime with no restriction. They have no minimum deposit amount, unlike other high saving accounts. They have $5M FDIC insurance on your money.

The 4.55% interest rate is for any new member sign up. If you have a referral code, it will boost that rate to 5.05%. I've been making $1k/month on my $20k saving with just extra money sitting in the bank.
why would you want 4.55% when you get more in a brokerage money market?

and short term treasuries for that matter
Last edited by acesmuzic May 28, 2023 at 06:48 PM.

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