Some of these associations require up to $50 to join. You’re also eligible for instant Nasa FCU membership by joining one of their affiliated associations. NASA Federal Credit Union provides aspiring members with a full membership when joining the National Space Society. The early withdrawal fees are as follows: CD Term If you do need access to your funds prior to your CD’s maturity you will incur a fee. If nothing is done during this grace period, your CD will automatically renew for the term disclosed at the certificate opening unless instructed otherwise. NASA FCU provides a 10 calendar-day grace period upon your CD’s maturity in which you may add-to or withdraw any/all CD funds without incurring a penalty fee. Here’s How It Works: Download the NASA Federal Mobile App from the appropriate link below. Interest will begin accruing on the same business day that you make your deposit. Remote Deposit NASA Federal Credit Union Deposit Checks On-the-go with a Quick Snap-n-send Remote Deposit makes it easy to deposit your checks from anywhere in the galaxy anytime No more running to the branch or mailing in your checks. Interest is compounded monthly and credited monthly. This CD will automatically renew into standard 12 month CDs if nothing is done with your CD funds at maturity. The monthly transfers will have to come via automated means such as account-to-account transfers, eBranch recurring or non-recurring transfers, etc. With the Add-On CD you are allowed to add between $25 and $2,500 to your deposit each month. Nasa FCU has one “Add-On” CD that comes with a 12 month term and minimum initial deposit requirement of just $250. These products are only beneficial in rising interest rate environments such as the one we’re currently experiencing. Bump Rate CD DetailsĪs the name implies, the Bump CDs – both 24 and 36 month terms – allow you to bump up the rate on the CD one time during its term.įor both Bump CDs you will be provided with the going rate for those CD terms (either 24 or 36 months) at the time you choose to bump it. You can read more about where we think CD rates are headed in our outlook here. These CD rates may not last too long either as the Fed likely won’t raise rates again in the near term following their 10th consecutive rate hike on May 2nd, 2023. The best yields from FDIC-insured online banks and nationally available credit unions are now topping 5.00% APY and 4.60% APY, respectively, for the same terms as mentioned above, putting Nasa Federal Credit Union among the rate leaders. To put these yields into perspective, the current national average on a 12 month CD and a 60 month CD sit at just 1.54% APY and 1.37% APY (annual percentage yield), respectively, according to FDIC data. *requires $10,00 in new money to the credit union Century Federal Credit Union is a member-owned, not-for-profit financial cooperative serving more than 34000 members. These are available as normal CDs or for IRA accounts. NASA Federal Credit Union’s CDs come with a minimum deposit of $1,000 for their standard CD accounts and $10,000 for “new money” promotional accounts.
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