Your savings insured to
at least $100,000
by the
National Credit Union Administration, a U.S. Government Agency.
We do business in accordance with
the Federal Fair Housing Law and the Equal Credit Opportunity Act.
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Section contents:
Northrop Grumman Federal Credit Union offers an array of deposit accounts to meet the diverse needs of our growing membership. From individual savings and checking accounts, to investment accounts, Northrop Grumman
Federal Credit Union provides a variety of flexible options. For more detailed information about our deposit accounts, click on the topics below. Click here to see a table of current rates.
Savings
An insured, dividend-paying account (also known as a regular share account) that allows members to earn dividends while permitting immediate access to funds.
Checking
An insured account (also known as a share draft account) that offers
many access options including regular paper checks, ATM, and point
of purchase advantages of the Visa ATM/Check Card. You also
have the added benefit of monthly dividend accrual on average daily balances of at least $500.
By establishing overdraft sources for this account with fee-free
funds transfers, you have the assurance that the funds you need will
be there.
Holiday Club
An insured, dividend-paying account, opened with a $25 minimum, for the purpose of saving for the year-end holiday buying season.
Money Market
A liquid savings account with a low $2,500 minimum balance requirement that earns higher dividends.
Youth
An account that allows members under the age of 18 to receive the benefits of
Credit Union membership with dividends paid on reduced minimum
balances. A custodial account called an UTMA may also be
established for members under the age of 18. These accounts offer
some tax advantages.
Term Share
Account
Very like a CD, this account allows you to lock in rates for longer terms and receive higher dividends. Bonus rates
and laddered terms are offered for higher initial deposit amounts.
Income Growth Account
This special term account features opportunities to increase the dividend rate if higher rates
for these accounts become available during the
account term.
IRA
An Individual Retirement Account can offer
significant tax advantages. Offering various savings terms and
options, it's your choice to establish your account under the
guidelines of a Roth or a Traditional IRA.
Coverdell Education Savings Account
An Education Savings Account lets you save for a beneficiary under age 18. Withdrawals are free from federal tax when used for education expenses
anytime during the span of education from pre-school through college
or trade school, including tuition, room and board, books, supplies and equipment. |
Rates††
for
Deposit Accounts
|
|
Share Savings |
Dividend
Rate |
APY† |
Average Daily Balance
Minimum
to Obtain APY |
|
| Regular
Savings* |
1.00% |
1.00% |
$100.00 |
|
|
|
Regular Checking* |
0.40% |
0.40% |
$500.00 |
|
|
| Holiday
Club |
1.00% |
1.00% |
$100.00 |
|
|
|
Money Market |
2.70% |
2.73% |
$2,500.00 |
|
|
|
Youth Account |
1.00% |
1.00% |
$5.00 |
|
|
|
Term Savings** |
Dividend
Rate |
APY† |
Average Daily Balance
Minimum
to Obtain APY |
|
"Share in the Profits" Special Term
Accounts - The 9- and 15-month promotional term and promotional
bonus term accounts hi-lighted below are available to all Northrop
Grumman FCU members of record prior to February 29, 2008. NGC and
Metro employees and their family members who are not current members
may
join anytime to access this special program along with the many
other benefits of membership. The same rates and terms
apply to IRA term and bonus IRA term accounts. Those who qualify and wish to
open a promotional term account may call 800-633-2848, Monday -
Friday, 7 a.m. to 6 p.m. |
|
|
|
Certificate-6 Month†† |
3.06% |
3.1033% |
$2,500.00 |
|
|
|
|
Certificate-9 Month†† |
3.33% |
3.3813% |
$1,000.00 |
|
|
|
Certificate-12 Month†† |
3.23% |
3.2782% |
$2,500.00 |
|
|
|
Certificate-15 Month†† |
3.90% |
3.9705% |
$1,000.00 |
|
|
|
Certificate-24 Month†† |
3.22% |
3.2679% |
$2,500.00 |
|
|
|
Certificate-30 Month†† |
3.32% |
3.3710% |
$2,500.00 |
|
|
|
Certificate-36 Month†† |
3.31% |
3.3607% |
$2,500.00 |
|
|
|
Certificate-48 Month†† |
3.48% |
3.5360% |
$2,500.00 |
|
|
|
Certificate-60 Month†† |
3.80% |
3.8669% |
$2,500.00 |
|
|
Bonus
Term Savings** |
Dividend
Rate |
APY† |
Average Daily Balance
Minimum
to Obtain APY |
|
|
|
Certificate-6 Month†† |
3.21% |
3.2577% |
$40,000.00 |
|
|
|
|
Certificate-9 Month†† |
3.58% |
3.6393% |
$40,000.00 |
|
|
|
Certificate-12 Month†† |
3.38% |
3.4329% |
$40,000.00 |
|
|
|
|
Certificate-15 Month†† |
4.15% |
4.2299% |
$40,000.00 |
|
|
|
Certificate-24 Month†† |
3.37% |
3.4225% |
$40,000.00 |
|
|
|
Certificate-30 Month†† |
3.47% |
3.5257% |
$40,000.00 |
|
|
|
Certificate-36 Month†† |
3.46% |
3.5154% |
$40,000.00 |
|
|
|
Certificate-48 Month†† |
3.63% |
3.6910% |
$40,000.00 |
|
|
|
Certificate-60 Month†† |
3.95% |
4.0223% |
$40,000.00 |
|
|
|
IRA Savings |
Diviend
Rate |
APY† |
Average Daily Balance
Minimum
to Obtain APY |
|
|
|
IRA Accumulation |
1.00% |
1.00% |
$100.00 |
|
|
|
Money Market IRA |
2.70% |
2.73% |
$2,500.00 |
|
|
|
IRA Term Savings |
Dividend
Rate |
APY† |
Average Daily Balance
Minimum
to Obtain APY |
|
|
|
9-Month Term IRA†† |
3.33% |
3.3813% |
$1,000.00 |
|
|
|
One-Year Term IRA†† |
3.23% |
3.2782% |
$2,000.00 |
|
|
|
15-Month Term IRA†† |
3.90% |
3.9705% |
$1,000.00 |
|
|
|
Two-Year Term IRA†† |
3.22% |
3.2679% |
$2,000.00 |
|
|
|
Three-Year Term IRA†† |
3.31% |
3.3607% |
$2,000.00 |
|
|
|
Four-Year Term IRA†† |
3.48% |
3.5360% |
$2,000.00 |
|
|
|
Five-Year Term IRA†† |
3.80% |
3.8669% |
$2,000.00 |
|
|
Bonus
IRA Term Savings |
Dividend
Rate |
APY† |
Average Daily Balance
Minimum
to Obtain APY |
|
|
|
9-Month Bonus Term IRA†† |
3.58% |
3.6393% |
$40,000.00 |
|
|
|
One-Year Bonus Term IRA†† |
3.38% |
3.4329% |
$40,000.00 |
|
|
|
15-Month Bonus Term IRA†† |
4.15% |
4.2299% |
$40,000.00 |
|
|
|
Two-Year Bonus Term IRA†† |
3.37% |
3.4225% |
$40,000.00 |
|
|
|
Three-Year Bonus Term IRA†† |
3.46% |
3.5154% |
$40,000.00 |
|
|
|
Four-Year Bonus Term IRA†† |
3.63% |
3.6910% |
$40,000.00 |
|
|
|
Five-Year Bonus Term IRA†† |
3.95% |
4.0223% |
$40,000.00 |
|
|
Income Growth
Term Accounts |
Dividend
Rate |
APY† |
Average Daily Balance
Minimum
to Obtain APY |
|
|
|
2 - 5 year term |
1.53% |
1.5408% |
$5,000.00 |
|
|
|
2 - 5 year term |
1.58% |
1.5915% |
$10,000.00 |
|
|
|
2 - 5 year term |
1.63% |
1.6422% |
$15,000.00 |
|
|
|
2 - 5 year term |
1.68% |
1.6930% |
$20,000.00 |
|
|
|
2 - 5 year term |
1.73% |
1.7438% |
$25,000.00 |
|
|
|
2 - 5 year term |
1.78% |
1.7946% |
$30,000.00 |
|
|
|
2 - 5 year term |
1.83% |
1.8454% |
$35,000.00 |
|
|
|
2 - 5 year term |
1.88% |
1.8963% |
$40,000.00 |
|
|
**A penalty will or may be imposed for
early withdrawal *If minimum balance
requirements are not met, fees
could reduce the earnings on these accounts.
†Annual Percentage Yield
††Rates displayed are subject to change without notice.
Every effort is made to ensure these rates are accurate; exact rates
are available at the Credit Union.
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