They continue to have other competitive CDs including a 5.10% APY 5 and 7 year CD with a $20K minimum deposit (see post) and a 4.00% APY 15-month CD with a $15K minimum deposit (see post). There's also a 1-year EasyStart Certificate with a 4.25% APY and a $100 minimum deposit. However, this has restrictions and requirements that hurt this deal such as a $10,000 maximum deposit limit and the requirement of monthly direct deposit of at least $500 into a checking account.
Navy Federal has recently expanded their field of membership. You can now be eligible if you have some connection with not just the Navy but also with the Army, Marine Corps and Air Force. Refer to their Eligibility Checklist for the full details. Unlike Pentagon Federal Credit Union, there isn't an easy way for people without a military connection to join.
For more details about joining Navy Federal and opening and closing Navy Federal certificates, please refer to this May post.
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 $34.7 billion in assets and 3,093,636 members.
Thanks to the reader who emailed me info on this new CD special.
Special Note About Closing Navy FCU Certificates
When I opened one of their 6% special CDs last year, I first transfered the money into my share savings account using the ACH service of my GMAC money market account. Once in the savings account, I was able to open the CD online at Navy FCU and fund the CD using the money in the share savings account.
I had problems when the CD matured. My plan was to do the opposite of the above. It was easy to have the CD funds transfered into my Navy FCU's share savings account. However, Navy FCU does not allow ACH withdrawals from the share savings account. I did not know this until I saw my withdrawal reversed. I had to open the Navy FCU's Money Market Savings Account to be able to pull funds via ACH. Fortunately, there are no minimum balance requirements or monthly fees.