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
256 Comments
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Oof, that's not how any of this works lol
What year is NASA bank system stuck with? Lol
What year is NASA bank system stuck with? Lol
Finally, i'm a bit worried about that 500 daily limit. Does that mean if/when you want to get your money out, it has to be done in 500 buck steps?
Might be basic questions but i'm somewhat unfamiliar with these steps...seems a lot more convoluted that what i've encountered.
Finally, i'm a bit worried about that 500 daily limit. Does that mean if/when you want to get your money out, it has to be done in 500 buck steps?
Might be basic questions but i'm somewhat unfamiliar with these steps...seems a lot more convoluted that what i've encountered.
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that said, all i have is an email approval with account number, no atm card.
that said, all i have is an email approval with account number, no atm card.
You can find shared branch near you in nasafcu website, make sure it's a shared branch not just co-op atm or atm access, otherwise you can't deposit your check there.
BTW, to find your EPN, go to their website, login, click SERVICES, find it under Checkings & Savings -> EPN Form
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.
Could you expand more about this product? What about the referral.. If Wells Fargo would that be easier if i bank with them already?
oops I see reading back it ain't Wells Fargo bank.
Anyone knows if Wells Fargo has good options on CDS?
Thanks!
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