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Ken Tumin founded the Bank Deals Blog in 2005 and has been passionately covering the best deposit deals ever since. He is frequently referenced by The New York Times, The Wall Street Journal, and other publications as a top expert, but he is first and foremost a fellow deal seeker and member of the wonderful community of savers that frequents DepositAccounts.

Featured 2-Year CD Rates

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Featured Accounts
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Navy Federal Credit Union2.55%$100k-7 Year CD
Navy Federal Credit Union2.30%$100k-6 Year CD
Navy Federal Credit Union2.15%$100k-5 Year CD
Navy Federal Credit Union1.65%$100k-4 Year CD
Navy Federal Credit Union1.40%$100k-3 Year CD
Accounts mentioned in this post. Rates as of July 22, 2014

Big CD Rate Increases at Navy Federal Credit Union

POSTED ON BY

Navy Federal Credit Union

It looks like Navy Federal Credit Union finally decided to respond to PenFed’s competitive CD rates. Navy Federal just increased its long-term CD rates, and there’s one CD with a rate that’s higher than what PenFed is offering. Navy Federal’s highest CD rate is now 3.10% APY. That requires a 7-year term and a minimum deposit of $100,000. This just tops PenFed’s 3.04% APY. Navy Federal offers CDs in IRAs and ESAs with the same rates as the regular CDs. Below is a summary of the new long-term Navy Federal CD rates for a $100K minimum deposit and how much they have changed. The rates are 5 bps lower for a $20K minimum deposit and 10 bps lower for a $1K minimum deposit:

  • 3.10% APY 7 year (+130 bps)
  • 2.75% APY 6 year (+105 bps)
  • 2.55% APY 5 year (+95 bps)
  • 2.05% APY 4 year (+60 bps)
  • 1.55% APY 3 year (no change)

Thanks to DA reader pjaskate for posting on this news in a blog comment, and thanks to DA reader OAG for posting on this news in the forum.

Early Withdrawal Penalty

The early withdrawal penalty for terms over 1 year and up to 5 years is equal to up to 180 days of dividends on the amount withdrawn. The penalty for terms over 5 years is up to 365 days of dividends on the amount withdrawn. The penalty won't eat into the principal if the withdrawal is made early into the term. In those cases the penalty will equal all of the accrued interest.

The early withdrawal penalty and other CD details are listed in the Navy Federal Combined Certificate Disclosure.

Nice IRA Features and Bonuses

If you have IRA CDs at Navy Federal, you may want to consider withdrawing the funds and use them to open one of these new IRA CDs. If you have reached 70 ½, you can do this penalty free. Navy Federal IRA CDs also have some other nice features. I have more details in my post Nice IRA CD Features at Navy Federal Credit Union.

If you’re considering opening a Navy Federal IRA CD, check out its IRA promotions. The bonus is up to $200 when you open the IRA.

You can also get $50 for just joining Navy Federal. I have information on both of these promotions at this blog post.

Membership

Unlike PenFed, there's no association that can be joined to qualify for Navy Federal membership. To be eligible to join Navy Fed, you must have some connection with the military. This includes Navy, Army, Marine Corps and Air Force. Please refer to their Eligibility Checklist for the full details. Unfortunately, not all veterans will be able to qualify.

Navy Federal Overview

Navy Federal Credit Union branches are located around the US and the world.

Navy Federal is the largest credit union in the nation with $55 billion in assets and $40 billion in deposits. It has an overall health grade at DepositAccounts.com of an A+ with a Texas Ratio of 5.43% (excellent) based on September 2013 data. Please refer to our financial overview of Navy Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 5536).

Navy Federal vs PenFed

PenFed still has higher rates for terms from 2 years to 5 years. One thing to consider about the 5-year CD is that Navy Federal’s early withdrawal penalty is only half of that of PenFed’s. Even though most of these new Navy Federal CD rates don’t match PenFed’s CD rates, the Navy Federal rates are very competitive. Since Navy Federal is the largest credit union in the nation, it should put pressure on other credit unions to raise their CD rates.

The 3.10% APY is nice, but 7 years is a very long term. Even though 3.10% APY is high in today’s environment, it’s low compared to what was available in 2007 when both Navy Federal and PenFed were offering 6.25% CDs. If we see a return of those rates in 3 years, we may regret a 3.10% 7-year CD. That’s going to be a constant worry for us as rates slowly rise in the next few years.

  Tags: Navy Federal Credit Union, CD rates, IRA rates

Related Posts

Comments
15 comments.
Comment #2 by Hoody posted on
Hoody
"but"
the are a bit behind on the lower time frames, where most people are for now. I was hoping they would be closer with the 3 and 5 yer rates, but hy at this point we take what we can get, but 7 years would take something in the 4% range for me to go that far.

7
Comment #3 by Anonymous posted on
Anonymous
This is good to see.  Of course NFCU is not open to all of us, like PenFed.  Still, I hope this trend to higher rates strengthens.

6
Comment #5 by Anonymous posted on
Anonymous
With regards to qualifying for membership to NFCU, what is the scope of the definition of "family member"?  Is that only immediate family, or could it be a cousin, nephew or other relative?  The application verifies by asking for the family member  name, SSN, and DOB - so I'd think as long as you have that info you could qualify?

3
Comment #6 by gli (anonymous) posted on
gli
With respect - pick up the phone and ask the credit union in question - then post your findings here.

5
Comment #7 by OldGuy posted on
OldGuy
Per NFCU website:

"Family Members—including grandparents, parents, spouses, siblings, grandchildren, children (including adopted and stepchildren) and household members Once your family members have joined, their family members are also eligible for membership."

11
Comment #8 by Anonymous posted on
Anonymous
NFCU advised me by phone that if you are a member, you can have an in-law join by having, for example, your wife first join, then her sister could join NEXT, then your sister's husband could join NEXT.  (Then her husband's brother could join, etc., etc.  The possibilities are endless.)

4
Comment #9 by Anonymous posted on
Anonymous
#8  If the possibilities are endless, then would you explain how I can join.  I have many relatives who are veterans, including myself, but can't figure anyway I can join.  Any ideas?

4
Comment #10 by Anonymous posted on
Anonymous
Sure.

(1) Since you are a veteran, did you phone NFCU and ask if you can join?  If they said no, what's the reason?

(2) Otherwise, you have to start with your closest relative who WOULD qualify for membership.  He (or she) must become a member.  Then find the shortest link from him to yourself, using the categories required by NFCU, such as spouse, sibling, grandchild, etc . Then each person in the chain needs to become a member, until the chain finally reaches you.  It would probably mean a lot of work (i.e. becoming a member of NFCU) on the part of everyone in the chain.

If this does not make sense, tell me how exactly you are related to the person who is your closest relative (using the groupings set forth by NFCU -- grandparents, siblings, grandchildren, etc.).

3
Comment #11 by Anonymous posted on
Anonymous
(1)  NFCU csr said I don't meet any of the criteria.
(2)  All relatives (alive, deceased) are Veterans.   NFCU stated Veterans don't qualify.

3
Comment #14 by Anonymous posted on
Anonymous
Some veterans DO qualify -- that's how I qualified, through my father, now deceased, who was a Navy veteran.   (I otherwise would not have qualified.)  You need to see NFCU's "Eligibility Checklist" (just google it) and then find just ONE of your relatives who meets the criteria. Once he joins NFCU, the dominoes will fall (if you can get the others to cooperate by joining).

1
Comment #12 by Anonymous posted on
Anonymous
So my father, who served in WWII and is now deceased won't be good enough?

7
Comment #13 by anon (anonymous) posted on
anon
Neither is my father, who served in WWII and is still around.

3
Comment #15 by cactus posted on
cactus
It says: "Once your family members have joined, their family members are also eligible for membership."
Get him to join - then you can.

1
Comment #16 by Anonymous posted on
Anonymous
The point is the veterans are not "active" military.  Therefore they can not join.  Any relatives who are veterans must have joined when they were "active" military.  So if your entire family is veterans, but not currently active with the military, then forget about being eligible.
I have a Grandfather (WWI), Father (WWII), Uncles (Korea), and myself (Vietnam) who all were honorably discharge.  None joined when they "qualified" so therefore there is no chain to be established for me to join.  NFCU needs to modify it's discriminatory rules.  When I was on active duty I don't even remember hearing about the NFCU!

6
Comment #17 by Hoody posted on
Hoody
retirees are same as active

btw I knew about NFCU back in 68 when my old man was a Marine stationed at Memphis Naval Air Station, Millington TN. my mother still had CD's there when she passed away in Feb.

I retired in 91 (64-91)

1
Comment #18 by Anonymous posted on
Anonymous
That's my point.  Veterans mean nothing to NFCU.  I was stationed at Fort Jackson, SC.  Never heard of NFCU there in the 60's.

1
Comment #30 by paoli2 posted on
paoli2
My spouse just did a short stint in the Navy but when I told them he had some discharge papers they said that would do and made him a member.  I think they just need some proof that you actually were in the Navy and maybe remember the name of the ship you were on.  I was surprised they took him so quickly.  Maybe we just got them when they were looking for new members. :)

1
Comment #19 by Anonymous posted on
Anonymous
Hmmm, if I'm not mistaken the PenFed is being talked up!

1
Comment #20 by Anonymous posted on
Anonymous
Ken,

Twice in a row now, in your postings about Navy FCU you have made the following statement:

To be eligible to join Navy Fed, you must have some connection with the military. This includes Navy, Army, Marine Corps and Air Force

...and twice you have failed to mention the smallest military service in the group of military services.  The US Coast Guard!

While we are not in DOD, I carry the same ID card as someone in one of the other services, I get paid based upon the same pay scale, we have the same pay grades, we share the same military medical system, we live in the same base housing or get the same housing allowance if living off base, are subject to the same UCMJ, we render and return salutes to those of both lower and higher rank, etc.

The US Coast was founded by law in 1790 and we consider Alexander Hamilton our father in a sense - he was responsible for the creation of the Revenue Cutter Service on Aug 4, 1790.  Interesting and ironically enough, Alexander Hamilton is partially responsible for today's banking system that is the subject of this blog!

The Coast Guard has participated in every major military campaign/war the United States has been in and has the battle streamers to prove it.  Today, there are Coast Guard Cutters patrolling all over the world - from Antarctica breaking ice to the Persian Gulf protecting oil facilities, to missions here in home waters.

We're not in DOD because by law we cannot unless the President directs (last time was during WW-II) - our law enforcement mission does not allow us to be in DOD (The Posse Comitatus Act)

People will complain about my posting and I apologize in advance for ranting but hopefully I have educated one person about the military service I've signed my name to and love....hopefully, I've educated you too, as you do for me every time I read your blog!
:-)

4
Comment #22 by pbsawin posted on
pbsawin
Thank you for this over 70 1/2 info. I was able to roll three IRA CD's with rates of 1.54% to 1.8% into a single IRA CD at 3.05%. Great feature. CSR said no limit to the number of times that I could do this.

1
Comment #71 by dander1968 (anonymous) posted on
dander1968
Did you take possession of these IRA funds by check or were they moved by direct transfer?  New rules could exclude 2 of your IRA's and make them fully taxable if you did an "indirect rollover" which is rollover by check and not "direct" which is through paperwork and a company-to-company transaction.  Be careful, Uncle Sam is wanting to increase tax income. Some say this is already in effect, others say 1/1/2015.   http://www.irs.gov/pub/irs-drop/a-14-15.pdf

1
Comment #23 by Johnny (anonymous) posted on
Johnny
I have a 7 year Navy  CD-not an IRA CD just a regular CD.  That CD only pays about 2.5 percent.  That CD is not a jumbo CD.  I know that if I withdraw that CD, I would have to pay a 1 year interest penalty on the CD.  However, I am considering withdrawing that CD-and adding more money to that CD making it a jumbo CD in the Navy Credit Union.  Does anyone know if I were to withdraw that CD, redeposit, it add more money to it and make it a jumbo CD, if Navy Federal Credit union would be willing to waive or reduce the early withdrawal penalty.  I did call Navy Federal Credit Union, and the customer service person was unsure.  I would appreciate any thoughts on this matter.

1
Comment #24 by Hoody posted on
Hoody
well if the csr is unsure, than what we say won't be much better, I plan on checking with my local branch sometime lthis week and ask, if they say it can be done I might tke them up on it too, I have 2 CD's there now but short term'ers, 2 and 3 year type well under 2% since I plan to move 2 no penalty BB&T CD's at some point.

2
Comment #25 by Anonymous posted on
Anonymous
Good luck on your effort on this, but I doubt that Navy will do this.  G

2
Comment #26 by Johnny (anonymous) posted on
Johnny
Thanks posters number 24 and 25.  25 you are correct.  I just talked to someone in Navy Fed's CD department and she said no.  However, that is fine.  The way I see it:  nothing ventured, nothing gained.

1
Comment #27 by Hoody posted on
Hoody
yup, I pretty much figured as much  :) 

since it would be like letting you just close a running CD to get a higher rate one.

like you said though, why not ask lol.

2
Comment #28 by Anonymous posted on
Anonymous
Too bad it so long for NF to respond Penfed. I don't think the NF latest offer is enough to bring back the deposits they lost.

2
Comment #29 by Hoody posted on
Hoody
Yeah I wish they would have set the rates at the same number of years, I'm a bit leery of going out 7 years on 3%, but I'm tempted cause I have 2 at BB&T that are coming due and need to decide. Besides I'd end up having to draw down the MnyMkt cause I'd be over the insurance if I did move it all to Navy .

I'm wondering if bernaks speech will help or hurt this coming week, I guess I'll just have to wait and see what they do with rates next week, and what Pen and Navy do.

I mean hell I been dealing with 1%ers for the last 4 years anyway and still managed to hold my principle. Although the purchasing power keeps declining.

1
Comment #31 by johnny posted on
johnny
Has anyone heard or have any thoughts on whether Navy Federal Credit Union and/or Pen Fed are going to keep their CD rates the same next month, lower them or raise them.

1
Comment #32 by Hoody posted on
Hoody
I'm wondering too, still can't see doing 7 years for 3% with Navy. I'm now thinking more the 1.55 3 yr thing, its still better than any bank I have here, and for some reason I just feel like these rates have to go up in the next year or 2., maybe not the 5%ers we used to see, but 3% should be more common in the 3 to 5 yr mark.

1
Comment #33 by Anonymous posted on
Anonymous
Pen Fed has greatly dropped their rates effective Feb 1.  their new rate will be 2.27 percent instead of 3.05 percent.  I I don't know about Navy Fed.

1
Comment #50 by Hoody posted on
Hoody
After agonizing over this too much I decided to just go ahead and do a 7yr@3.10, but just one, I figured I can make as much on one 7yr @3.05 rate than putting it all in one 3yr @1.54 rate. that way I still can make another CD (joint) later and still be insured.

I did the calculations using the insurance site, and I can have as many as 5 accounts there. 1 POD to me, 1 POD to her, 2 joint CD's and one Joint Mny Mkt.

So since I really won't be needing what I put there for a while, I can let it ride. Besides just take a hit on EWP if rates go up to 5% or better in 2 or 3 years.

I'm still pretty sure rates will be up in 2 years. but by than I'll have 2 more 1.2%ers coming due.

Navy's new rates will be out Saturday, it will be interesting to see what they do.

1
Comment #52 by gregk posted on
gregk
The stakes are a lot lower, but it seems we CD enthusiasts suffer our own equivalent to those "main street" stock investors who, seduced by the teaser highs of a market on the brink of correction, jump in just in time to lose the most money.  We ourselves hem and haw on the sidelines for years with our <1% savings, until just on the brink of increasing rates, we leap at the 5&7 year teasers in exasperation over how long we've missed out, and are stuck when the higher yield offers quite quickly replace them.  

1
Comment #53 by Hoody posted on
Hoody
Well homes like I said I agonized over this for a month now, and didn't really like then idea of 7 yrs either, but what the hell ya gona do with the way it is NOW,

I went through a 2yr .80, only to find a 30 mo at 1 lousy %, anyway everybody has their way of dealing with this "S"tuff, and I figured I'll go ahead and bite on just one of those 3%ers with money I know I won't need for that long, but with the idea of being able to withstand a EWP of a year if things  go "quite quickly" up as you say,

I have my system as others have theirs on how they set these things up, I can deal with it, like I have over the past 4 years dealing with idiotic 1%ers.

I'm still holding back on doing a 2nd one, just for the reason you seem to state.

This one 3.05 rate CD will yeald me over 600 a month,. A lot better than @1 or 1.2%

2
Comment #54 by Anonymous posted on
Anonymous
Investing in cd's based on future expectation of interest rates is a lot like market timing in the stock market.  That is why I think maybe a cd ladder may be the best approach.

1
Comment #57 by gregk posted on
gregk
I'm sympathetic.  After all, even absorbing an EWP (if that happens), you'll be pretty much where you would have been not making the jump, - with no or little return (at least probably for another year or two).  And if yields stay low indefinitely you've made a good choice.  I myself wish I'd have thought (and acted) that way 4 or 5 years ago.

1
Comment #59 by Hoody posted on
Hoody
well not really, if rates shoot up by more than 2% points in 3 yrs , yeah I loose a year of interest, but I still made 2 yrs worth, and a 5% new one would make that back in a year.

 I don't mess with this just to make money for the sake of watching it accumulate, I only need enough for the usual daily bills and tax's. I live a pretty low key life, I don't even have a cell phone cause  its too much to bother with. Everything I own, (well the tax man owns) is paid for, and I have no reason to go running around the world, done that been there. (27yrs active duty)  No kids, dogs, cats, birds, or insect farms to maintain, so it all depends on your individual life style what money means. I'm just glad to be alive and in pretty good health at this point.

Like I said to one guy, as long as I can stay warm in the winter, cool in the summer, afford my tax and food bill, its all I care about at this point.

2
Comment #34 by Bummed Out (anonymous) posted on
Bummed Out
I'd love to invest a huge chunk of change in CD's at NFCU, as I did with PenFed back in December, but even though my Dad was a veteran (WWII), I don't qualify to join NFCU, and can find no other eligible connection to exploit.

I'd join and invest in a heartbeat if they'd let me!

Don't banks WANT money?

Bummer...

1
Comment #35 by paoli2 posted on
paoli2
I read some posts earlier which said one had to be "active" to be able to join NFCU and that can't be so.  It was his discharge papers from a short stint in Navy that got my spouse in.  If you can get your dad to join, you should be able to join as a member of his family.  I am even allowed to join now that DP is a member if I wanted to.  If you want to join NFCU that badly, I have a feeling they would show you how you can if you give them a call especially if you tell them about your dad.

1
Comment #36 by Anonymous posted on
Anonymous
Been there, tried that, and called.  Big fat NO for Vets.  Someone in the family had to be currently on active duty.

1
Comment #37 by paoli2 posted on
paoli2
Just goes to show you that it always depends upon what CSR one speaks to.  We have/had no one on active duty when they enrolled DP.  Maybe they needed more members back then and we lucked out (for once!).  Sorry about your turndown.  It seems they don't even read their own requirements.

1
Comment #38 by Anonymous posted on
Anonymous
I read NFCU on-line requirements also.  They don't explicity allow Vets to join without a family member being on "active" duty.

Paoli,  How long ago was your husband in the Navy and for how long?

1
Comment #39 by paoli2 posted on
paoli2
#38  I rechecked it with hubby and he said it was in the 1950's.  He did 2 years active duty and then about 8 -10 years in Naval Reserve (inactive).  I read some info off of his Discharge Papers to NFCU rep and she said that would do and allowed him to become a member.  No one said anything about his having to be active at time of becoming member.  This was in 2012 and he didn't have to send any proof in to them.  She said the info from his Discharge paperwork and numbers was all she needed.  Don't understand why they are being so strict now.

1
Comment #40 by paoli2 posted on
paoli2
#38  BTW, everything I read on the NFCU rules for membership ask about being a "Retiree" from all of the duties they mention.  A Retiree is definitely not on "active" duty.  Maybe what got DP in was his Discharge papers showed he completed his entire stint in the Navy for what he was in for.  I don't know much about the Navy or Army etc. but I thought all people that go in must complete whatever time they are in for so your relative must have some proof that he completed his and that he certainly would be allowed to join NFCU.  The problem may be that you are trying to join "before" they have him listed as a member.  Best of luck to you.

1
Comment #41 by Hoody posted on
Hoody
A "retiree" isn't one that just "completes" his so called stint, a retiree is one that did 20+ years ( or in some special cases the 15yr retirements they had at one time.) However, Medical retiree's are also considered retired, since they are also issued a military ID card.

If you got out anytime before 20 and your not medically retired, your not a retiree. All you have is a discharge.



US Army 64-91

1
Comment #42 by paoli2 posted on
paoli2
Hoody:  I made this very clear to the Rep that he wasn't retired and got no type of income from the Navy.  For some reason, it was the info on his Discharge papers that made him acceptable.  Why?  I have no idea from what the rest of you are posting.

1
Comment #43 by Hoody posted on
Hoody
lol well I don't have his actual 214 in front of me so i can't make any judgments, ask him about it, If you got in  with what you have maybe it was a special open deal, I have no idea myself, but in your case who cares, lol, you got in.

1
Comment #44 by paoli2 posted on
paoli2
#43  He has no idea what a 214 is.  Maybe they knew I got to meet and have a delightful correspondence with Admiral Arleigh Burke when I was working in New York. I think Admiral Burke would have been allowed to join NFCU.  It does help to drop names you know. :)  Maybe you can tell them you know "Paoli" who knew Adm. Burke.

1
Comment #45 by Anonymous posted on
Anonymous
I was in the Pentagon in the 1990s.  Think that will help?

1
Comment #46 by paoli2 posted on
paoli2
Not unless you become a member of NFCU and become related to our poster.  Then, he can get in as your relative.  Anything can be done if you want it bad enough.

1
Comment #47 by Anonymous posted on
Anonymous
It seems NFCU don't want any honorable discharged Vets to join.

Uncle Sam sure wanted me when I joined the service.

NFCU doesn't honor Vets!  What a shame.

1
Comment #48 by paoli2 posted on
paoli2
#47  Posters can think what they want of me but sometimes you have to give them a piece of your mine to get what you need.  They first told me my DP wasn't qualified but I got out his discharge papers and called back and told them basically what you are saying.  I said he did what he was supposed to do for his country and stuck it out for almost 10 years.  It was good enough to get us a VA loan on our former home so somebody must have felt he was sometype of a Vet.  I insisted on knowing why he wasn't good enough for this Navy credit union.  She went and spoke to someone else and came back and asked for some info off of his Discharge papers and said he could be a member. 
What do you have to lose.  If you feel you also should be considered an honorable discharged Vet why not stand your ground and make them tell you why "they" don't consider you one?  Uncle Sam sure would tell them you are one and it sounds like you even joined on your own and didn't have to be drafted.  Don't take NO for an answer.  I would make them tell me plainly exactly why their criteria is different from Uncle Sam's.  In fact, I would ask to speak to a manager or someone higher than a CSR . This is an insult to you and what you did for your country.  Would you like me to write a letter on your behalf?  I don't want to know your name, just what type of Vet you were and how long you served.  I would make my letter to Navy FCU general on behalf of all the Vets they are making feel unappreciated.  My hubby didn't fight any wars but he was glad to do his stint for his country and I made sure she knew that! 

1
Comment #49 by Anonymous posted on
Anonymous
How exactly does somebody give someone a piece of their "mine?"

3
Comment #51 by paoli2 posted on
paoli2
#49  Sorry for the spelling boo boo.  It should have been "mind".    And I do give pieces of it to a lot of people so maybe that's why my spelling was off.  Thanks for your help.

1
Comment #55 by DA (anonymous) posted on
DA
An excerpt from the NFCU Code of Ethics:
"treat all individuals fairly without regard to age, race, color, national origin, ****, religion, disability, veteran's status, social and economic status or any other basis protected by law"

In my opinion, this CU is violating it's own "Code of Ethics" by accepting only certain Veterans.

5
Comment #56 by paoli2 posted on
paoli2
DA:  That is their Code of Ethics not their Membership Eligibility rules.  I agree their Code should be used in deciding who can become members but evidently they don't see them as one and the same.  It could be something to bring to their attention tho.

2
Comment #58 by Hoody posted on
Hoody
Just talked to my local Navy branch, seems the rates will stay the same to March 2nd. So no drop like PenFed.

2
Comment #60 by Anonymous posted on
Anonymous
PenFed probably sucked up most of the free money, so Navy will have to continue longer to get as much.

1
Comment #61 by Hoody posted on
Hoody
lol probably, wait till a 4%er shows up some where, it'll cause a bank run smirks lol

2
Comment #62 by paoli2 posted on
paoli2
Frankly I don't think we will see 4% for any CD for quite some time.  It would have to be very long term with extra high EWP.  We may see more 2.50%- 2.75% and maybe another 3% for long terms but our economy is not ready for 4% until things get quite a bit better.

1
Comment #63 by Anonymous posted on
Anonymous
I thing our economy can handle 4%.  Why do we need to support mortgage loans?  If people want a home, they would have bought it by now.  This excuse is really getting old.

4
Comment #67 by Anonymous posted on
Anonymous
The Feds can't handle 4% interest. It's never been about you or me or anyone else. It's about absorbing all those crappy mortgages and the never-ending unbalanced budgets. If we had a robust economy you might see 4%, but this economy is anemic at best.   

2
Comment #64 by Shorebreak posted on
Shorebreak
When opening an account with Navy Federal Credit Union they do a hard inquiry on your credit report. They don't inform the customer of this. As a result, your credit score is dinged.

1
Comment #65 by Hoody posted on
Hoody
yeah I think your right, I had a 802, I re checked today and it was 799

1
Comment #66 by Anonymous posted on
Anonymous
Am I the only one who thinks the credit score game is one big money-making scam? You either pay your bills late or on time, or you don't pay at all. The national obsession with credit scores is truly mind boggling. I have no idea what my score is or has been for the past 30 years. Then again, my only debt in that time frame was a mortgage. 

2
Comment #69 by Shorebreak posted on
Shorebreak
Navy Federal CU has a really inferior online account service compared to PenFed or Ally Bank. Glitches, delays and disappointments are common. You might as well conduct business the old fashioned way, over the telephone with this credit union.

1
Comment #70 by Anonymous posted on
Anonymous
In 1969, at the ripe age of 17, I voluntarily enlisted in the USMC survived my tour and went home. I was thankful for the GI bill and the tuition reimbursement provided by the State of Illinois. Later in life a few jobs came my way because my first job said USMC. I find it mildly disconcerting that a former Marine can't join NFCU but a federal non-military employee can. I wonder why that is. 

2