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NASA FCU CDs
Old 01-18-2016, 10:23 PM   #1
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NASA FCU CDs

NASA FCU has a CD special. They have a back door for membership. The 49 mo rate is 2.30.
I know it's not as good as NFCU but it's easier to qualify for membership and beats most 60 mo CDs.

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Old 01-20-2016, 09:32 AM   #2
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Not bad. Keep those recommendations coming! I have a lot of CD's maturing this year at my credit union, and their rates aren't great (1.83% for 5 year) so I will be looking for new cd opportunities. I already have a Vanguard account, so I will be checking out Vanguard Fixed Rate investments today.
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Old 01-24-2016, 10:53 PM   #3
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I just signed up for a 5 year cd with Fido. 2.3% interest. You also have the option of taking 10% a year without a penalty if you need it or want it. No stipulations on this one.
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Old 01-25-2016, 04:17 PM   #4
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I just signed up for a 5 year cd with Fido. 2.3% interest. You also have the option of taking 10% a year without a penalty if you need it or want it. No stipulations on this one.

I don't see this on the Fido CD tab. Is it a brokered CD? Who is the issuer or is there some other way to identify this offer?
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Old 01-25-2016, 06:55 PM   #5
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Looks like the FIDO deal is a brokered CD. See https://www.fidelity.com/fixed-income-bonds/cds.

I am in the process of opening/funding the NASA 2.3% 49 mos CD. The interesting thing is that you can withdraw funds and only pay a 6 mos penalty on the amount you withdrew. So, you do not need to split a large CD amount into smaller chunks in case you want to get at a subset of the money like you do with most CDs. And you do not need to be associated in any way with NASA to open an account.
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Old 01-25-2016, 06:57 PM   #6
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I don't see this on the Fido CD tab. Is it a brokered CD? Who is the issuer or is there some other way to identify this offer?
It is called SPDA. I was in Fido's office on Friday looking for a "safe" place to put some of the funds in my IRA. This is what he told me about. I think he said they have to do it you can't. So guess that would mean it was brokered. Hope that helps. Interest rate paid is going down this week he said.
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Old 01-25-2016, 08:57 PM   #7
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...as a bonus the NASA FCU cards have cool space pictures on them.
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Old 01-26-2016, 07:52 AM   #8
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Quote:
Originally Posted by kimcdougc View Post
I just signed up for a 5 year cd with Fido. 2.3% interest. You also have the option of taking 10% a year without a penalty if you need it or want it. No stipulations on this one.
Quote:
Originally Posted by kimcdougc View Post
It is called SPDA. I was in Fido's office on Friday looking for a "safe" place to put some of the funds in my IRA. This is what he told me about. I think he said they have to do it you can't. So guess that would mean it was brokered. Hope that helps. Interest rate paid is going down this week he said.
An SPDA is an annuity not a CD. One is FDIC insured, the other may be backed by your state guaranty association (SGA). Fidelity's "CD-type" annuities can be found here: Guaranteed Rates for Tax-Deferred Fixed Annuities (SPDAs) Available Through Fidelity

You can get a 3.10% 5 yr annuity outside Fidelity. MYGA Rates
The "CD-type" annuity rates on that page do usually get updated around the first of each month.
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Old 01-26-2016, 07:30 PM   #9
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An SPDA is an annuity not a CD. One is FDIC insured, the other may be backed by your state guaranty association (SGA). Fidelity's "CD-type" annuities can be found here: Guaranteed Rates for Tax-Deferred Fixed Annuities (SPDAs) Available Through Fidelity

You can get a 3.10% 5 yr annuity outside Fidelity. MYGA Rates
The "CD-type" annuity rates on that page do usually get updated around the first of each month.

Thanks for the clarification and additional info.


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