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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Please teach a noob like me to invest better. I am told fidelity is the easiest way to get TBills? is that correct?
My current bank said they would match it and it saves me the headache of transferring the money to a random bank
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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.
and short term treasuries for that matter
Advantage of WF 4.55% interest rate are:
1. no minimum deposit required
2. no lock period of your cash like short-term T-bill
3. 0.5% boost (to max of 5.05%) interest rate if sign up from a referral.
4. your cash is liquid and can be withdraw any time.
I have yet to find anything better than WF.
Please help SD people.
Please help SD people.
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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.
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