If you have some money to save and want the best CD rates today, NASA Federal Credit Union is a leading Credit Union offering a wide range of CDs. We have provided below our guide to NASA Federal Credit Union CD Rates in 2021. They include Fixed-Term CDs, Early Savers Certificates, Add-On Certificates, and Premier Bump-Rate Certificates.
First, we will explain what CDs are about and how they work.
Next, we will explain the reasons why you may want to consider putting your money in a CD.
Finally, we will review NASA Federal Credit Union CD Rates and what you need to open an account.
This post will cover:
- What is a Certificate of Deposit?
- Why Put Your Money in a CD?
- Types of CDs offered by NASA Federal Credit Union
- NASA Federal Credit Union CD Rates
- Compare NASA Federal Credit Union CD Rates to Savings Account
- What you need to open a CD account at NASA Federal Credit Union
What is a Certificate of Deposit?
A Certificate of deposit (CD) is a type of deposit account that often pays a higher interest rate than a standard savings account in exchange for restricting access to your funds during the CD term.
CD terms often vary, depending on the financial institution but are between three months and five years. As long as you keep the money in CD during the entire term, you will earn the APY you were promised.
However, if you should take your money out before maturity or term, and you will most likely incur a penalty.
In addition, if you take your money out early, you also might have to forfeit a portion of the interest you earned, depending on the bank’s policy.
Why Put Your Money in a CD?
If you have some cash to save and want to earn more than you would with a standard savings account, certificates of deposit can be a good option.
Furthermore, many CDs with terms of at least 12 months offer rates that are higher than the best savings accounts.
For example, if you put $5,000 in a CD that earns 2.6% APY for a one-year term, your balance would increase by more than $130.
You should consider a CD if you are certain you won’t need to access your cash for several months or years, depending on the goal you have for that money.
Smaller, local banks or credit unions often offer better rates than the big national institutions.
Also, online-only banks can offer great CD rates because of their lower expenses.
Finally, putting your money in a CD is risk-free in the sense that you can put up to $250,000 in CDs and will never lose that money as long as your account is with an FDIC bank insured NCUA insured credit union.
Types of CDs offered by NASA Federal Credit Union
Navy Federal Credit Union offers four types of CDs, each with a different purpose:
Share Certificates
This CD is targeted at those looking for higher dividends.
The Share Certificate comes with the following features:
- Flexible terms from 6 months to 5 years
- A guaranteed rate of return for the term of the certificate
- Ability to borrow against your funds
Early Savers Certificates
This CD is targeted at parents planning for their child’s future.
The Early Savers Certificate comes with the following features:
- The certificate is available for Members 23 and under
- You can open an account with only $50
- Additional contributions are accepted during the term of the certificate
Add-On Certificates
This CD is targeted at those who do not have a lot of money to start their CD accounts and prefer to start with a small deposit and add more money in subsequent months.
The Add-On Certificate comes with the following features:
- You can start an account with a $250 deposit
- The CD terms are short – 12-month term
- You have the option to add up to $2,500 per month to your CD
Premier Bump-Rate Certificates
This CD is targeted at those who want some control over their rate of return.
The Premier Bump-Rate Certificate comes with the following features:
- There are options for 24 or 36-month terms
- You can submit a one-time rate increase request during the term of your CD
- There is a $1,000 minimum opening balance requirement
Here are the four types of CDs offered by NASA Federal Credit Union at the moment and their associated rates.
NASA Federal Credit Union CD Rates
Here are NASA Federal Credit Union CD rates – which range from 6 months to 60 months (5 years). You have the
freedom to choose the length of time you like.
You can choose to put your money in a 6-Months CD for short term savings, a 12 month CD for medium
term savings and a 36 month or 60 month CD for long term savings.
| Term | Minimum To Open | Annual Percentage Yield (APY) |
| 6 months | $1,000 | 0.40% |
| 9 months | $10,000 | 0.75% |
| 12 months Early Savers | $50 | 0.45% |
| 12 months Add-On | $250 | 0.35% |
| 12 months | $1,000 | 0.45% |
| 15 months | $10,000 | 0.80% |
| 24 months | $1,000 | 0.50% |
| 24 months Bump Rate | $1,000 | 0.40% |
| 36 months | $1,000 | 0.55% |
| 36 months Bump Rate | $1,000 | 0.45% |
| 48 months | $1,000 | 0.60% |
| 49 months | $10,000 | 0.90% |
| 60 months | $1,000 | 0.75% |
Compare NASA Federal Credit Union CD Rates to Savings Account
If you do not want to have your money locked down in a CD and face a penalty when you take it out early, you may consider a regular Savings Account.
Here are Savings Account offered by NASA Federal Credit Union and their associated rates.
Share Savings
A free primary savings account is required with every membership in the NASA Federal Credit Union, just like any credit union:
- Establish your free membership
- Set-up automatic savings deposits
- Pay no monthly maintenance fee
APY: 0.10%
Minimum to Open: $5.00
Holiday Club Account
Take advantage of this account to save money for holiday purchases.
The funds are deposited into your savings or checking account each November so they are available to help you make the most of your holiday purchases.
APY: 0.10%
Minimum to Open: $0.00
What you need to open a CD account at NASA Federal Credit Union
Here’s what you need to open a CD account at NASA Federal Credit Union:
First, you have to be a member of the NASA Federal Credit Union.
Here are the four ways you can become a member:
- You are a current or retired employee of a NASA Center
- You are a member or employee of a NASA Federal association or partner company
- Another way to join is to be related to or currently live with a NASA Federal member
- If you are passionate about space, you can become an affiliated member of the National Space Society, which then makes you eligible to join the credit union.
In addition to being a member of the credit union, you will need the following information to open a CD account:
- Government-issued ID/Drivers License/State ID or Passport with current address
- Your complete physical and mailing address
- Social Security Number
- Date of Birth
NASA Federal Credit Union CD Rates Summary
We hope this post on NASA Federal Credit Union CD Rates was helpful.
If you have further questions about CDs, Banking, or personal finance in general, please let us know in the comments section below.
Be sure to check out our other popular articles, including:
The Best 6-Month CD Rates
Citibank CD Rates Today (3 months – 5 Yrs)
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