Jumbo CD Term Jumbo CD APY
6 to 11 mo 5.05%
12 to 23 mo 5.25%
24 to 35 mo 5.30%
36 to 59 mo 5.35%
60 to 84 mo 5.45%
The current yields for the share and IRA certificates with $20K minimum deposit are as follows. These are down by about 30 basis points from last month.
CD Term CD APY
1 year 5.00%
2 years 5.05%
3 years 5.10%
4 years 5.15%
5 years 5.20%
7 years 5.30%
Checking Account Bonus
I also received a flier from Navy FCU advertising a new checking account promotion. They'll credit your account $100 for opening a new checking account and adding direct deposit of at least $100. Here's the link to the promotion.
There is small print in the flier that states that it "is only valid for members who have received this mailing directly from Navy Federal.". However, I don't see this mentioned on the promo page above. Nevertheless, "your miles may vary."
Some of the other important small print includes:
- To receive this offer, you must start having direct-deposited funds credited to your Navy Federal checking account no later than December 15, 2007.
- Eligibility based on members that qualify but do not have a direct deposit posting to their checking account as of September 11, 2007.
- All bonuses will be credited to your checking account by December 17, 2007.
Eligibility into Navy FCU requires some type of connection with the Navy. See Navy FCU's eligibility page for the full details. Unfortunately, there's no easy way to join for those without a Navy connection.
Branches are located around the US and the world. Navy Federal is federally insured by the NCUA (Charter # 5536). It's the largest US credit union. It has over $30.0 billion in assets and 2,911,395 members.
For more info on membership into Navy FCU and share certificate details, please see my May Navy FCU post.