Northrop Grumman Federal Credit Union is offering a special 4.64% APY 15-month CD and a 4.44% APY 9-month CD. The minimum deposit is $40,000. The rates are 25 basis points lower for a $1,000 minimum deposit. The same rates are available for IRA certificates.

These specials are available to NGFCU members of record prior to 2/29/2008 and NGC and Metro employees and their family members who are not current members.

For those who don’t qualify for these promotions, NGFCU continues to have some competitive rates on its regular CDs. The 12-month CD has a yield of 4.33% APY and the 48-month CD has a yield of 4.44% APY. Both require a $40,000 minimum deposit. The rates are 25 basis points lower for a $2,500 minimum deposit, and like the promo, these same rates are available in an IRA.

NGFCU has branches in several cities of California, Illinois, Maryland, Virginia, Louisiana and Florida.