Courtesy of NASA Federal Credit Union

Courtesy of NASA Federal Credit Union

Space lovers nationwide can cash in on some impressive CD deals.

NASA Federal Credit Union is offering a 49-month CD paying 2.25 percent APY. That’s about a quarter percentage point higher than the most competitive 4-year-CD rates offered by First Internet Bank of Indiana and EverBank.

Top nationally available 48-month CD rates
Institution APY Minimum deposit
First Internet Bank of Indiana 2.02% $1,000
M.Y. Safra Bank 2.01% $5,000
EverBank 2.00% $5,000
Home Savings Bank 2.00% $5,000
Popular Direct 2.00% $10,000

Compare this offer with other top CD rates. Then calculate how much interest you would earn when your CD matures.

Who should open this CD

Interest rates may gradually rise over the next couple of years. That makes long-term certificates of deposit less appealing for folks trying to snag the top rates.

But CDs that mature in 60 months or more typically have the highest yields.

That’s why NASA FCU’s 49-month deal is so special. You can earn nearly as much interest as you would through a 5-year CD without locking yourself into a term lasting that long.

15-month CD special

NASA FCU also offers a 15-month CD that pays 1.6 percent APY. That’s a tenth of a percentage point higher than the best nationally available 1-year deals.

The minimum opening balance for both CD specials is $5,000. So new savers may want to consider other offers.

Top nationally available 12-month CD rates
Institution APY Minimum deposit
Connexus Credit Union 1.50% $5,000
VirtualBank 1.46% $10,000
Home Savings Bank 1.45% $5,000
EverBank 1.45% $5,000

How to join

Membership is open to:

  • Current or retired employees of NASA Centers and Facilities or NASA Headquarters
  • Members or employees of dozens of approved companies and associations
  • Relatives or roommates of current NASA FCU members

Don’t fall into any of those categories? You can join by becoming a member of the National Space Society. Membership through that organization is free of charge.

Open a CD today

Filling out an online application is easy and should take less than 10 minutes.

Like most banks and credit unions, NASA FCU charges an early withdrawal penalty. It’s equal to six months of dividends for the 15-month CD and a year’s worth of dividends for the 49-month special.

NASA FCU, an NCUA-insured institution that is headquartered in Upper Marlboro, Maryland, earned four out of five stars on Bankrate’s latest Safe & Sound Ratings, which measures financial health of banks and credit unions throughout the United States.

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