Thanks to community member Hubbs1 for finding this deal.
Also Available:
49-Month High Yield Certificate of Deposit Account (CD) at 4.55% APY with $10,000 minimum deposit
15-Month High Yield Certificate of Deposit Account (CD) at 5.40% APY with $10,000 minimum deposit
Editor's Notes & Price Research
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About this deal:
A minimum of $10,000 of new funds brought from an external source required to open all special certificates. Early withdrawal penalties apply and may reduce earnings.
Credit Union reserves the right to limit deposits into this special Certificate.
This limited-time offer is subject to change at any time without notice.
Special 49-month Certificate renews automatically to a standard 48-month term at the rate in effect at the time of renewal unless instructed otherwise.
Special 15-month Certificate renews automatically to a standard 12-month term at the rate in effect at the time of renewal unless instructed otherwise.
Special 9-month Certificate renews automatically to a standard 6-month term at the rate in effect at the time of renewal unless instructed otherwise.
NASA Federal Credit Union is offering 9 month CD's at 5.40% APY and 15 month CD's at 5.25% APY. You need to be a member but it is free to become one. I've done a few CD's with them in the last year with no issues, easy sign up and funding.
My application spent 3 weeks "in review" before I told them to close my application. Good luck to those taking a chance.
"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"
Agreed, Robinhood isn't great IMO. Schwab's money market fund pays 5.25% currently, been stable at or above 5% for a long time now. No monthly fee, no minimum balance. EXCELLENT customer support. Easy to transfer $ to/from your reguar bank. Fairly easy to sign up (though Robinhood is admittedly slightly easier). You put money in by buying $1 shares of SWVXX thru a trading account. Interest is paid monthly, but you get a prorated amount if you invest for part of a month. Great place to park some cash without commitment, and interest rates aren't going to move much until end of this year at the earliest. Fidelity is another good option. $USFR (recommended by rkster09 in a previous comment) is another great option. Regardless of which trading platform, you'll have lots of good options, better than signing up for a credit union that might not accept your application.
Also, you can buy CDs from ANY bank thru Schwab, Fidelity, etc, if you really want to do a CD. You get to pick the bank (or more than one) with the best rate without signing up for an account with that bank.
On this deal, my two cents: the commitment of buying a CD for a 9+ month term at the minimum they're asking for here isn't worth the extra 0.15%, unless you're CERTAIN you can't do anything better with the $ for 9+ months.
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Our community has rated this post as helpful. If you agree, why not thank eatgreens20013
04-28-2024 at 06:32 PM.
"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"
Our community has rated this post as helpful. If you agree, why not thank Cheapskate27
05-02-2024 at 10:08 PM.
Quote
from rkster09
:
Just do a Robinhood Gold account for 5.25%.
No CD required.
Quote
from DonkeyFinest
:
Robinhood isn't as reputable as Vanguard, Charles Schwab etc.
There's no one to call if there's a problem.
Agreed, Robinhood isn't great IMO. Schwab's money market fund pays 5.25% currently, been stable at or above 5% for a long time now. No monthly fee, no minimum balance. EXCELLENT customer support. Easy to transfer $ to/from your reguar bank. Fairly easy to sign up (though Robinhood is admittedly slightly easier). You put money in by buying $1 shares of SWVXX thru a trading account. Interest is paid monthly, but you get a prorated amount if you invest for part of a month. Great place to park some cash without commitment, and interest rates aren't going to move much until end of this year at the earliest. Fidelity is another good option. $USFR (recommended by rkster09 in a previous comment) is another great option. Regardless of which trading platform, you'll have lots of good options, better than signing up for a credit union that might not accept your application.
Also, you can buy CDs from ANY bank thru Schwab, Fidelity, etc, if you really want to do a CD. You get to pick the bank (or more than one) with the best rate without signing up for an account with that bank.
On this deal, my two cents: the commitment of buying a CD for a 9+ month term at the minimum they're asking for here isn't worth the extra 0.15%, unless you're CERTAIN you can't do anything better with the $ for 9+ months.
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NASA Federal deposit account at time of opening"
Also, you can buy CDs from ANY bank thru Schwab, Fidelity, etc, if you really want to do a CD. You get to pick the bank (or more than one) with the best rate without signing up for an account with that bank.
On this deal, my two cents: the commitment of buying a CD for a 9+ month term at the minimum they're asking for here isn't worth the extra 0.15%, unless you're CERTAIN you can't do anything better with the $ for 9+ months.
Sign up for a Slickdeals account to remove this ad.
Our community has rated this post as helpful. If you agree, why not thank eatgreens20013
NASA Federal deposit account at time of opening"
Our community has rated this post as helpful. If you agree, why not thank itsssmeee
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USFR pays 5.30% Dividend every month.
No hassle to open new accounts/transfer money and lock money in CD. Also easy on tax filing to avoid additional 1099 etc.
https://finance.yahoo.c
USFR pays 5.30% Dividend every month.
No hassle to open new accounts/transfer money and lock money in CD. Also easy on tax filing to avoid additional 1099 etc.
https://finance.yahoo.c
YTD Daily Total Return 1.95%
Beta (5Y Monthly) -0.01
Expense Ratio (net) 0.15%
No CD required.
There's no one to call if there's a problem.
Our community has rated this post as helpful. If you agree, why not thank Cheapskate27
No CD required.
There's no one to call if there's a problem.
Also, you can buy CDs from ANY bank thru Schwab, Fidelity, etc, if you really want to do a CD. You get to pick the bank (or more than one) with the best rate without signing up for an account with that bank.
On this deal, my two cents: the commitment of buying a CD for a 9+ month term at the minimum they're asking for here isn't worth the extra 0.15%, unless you're CERTAIN you can't do anything better with the $ for 9+ months.