Navy Federal Offers 6-Month CD Special, 3.00% APY

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Deal Summary: Celebration Special Rate 6-Month Certificate, 3.00% APY, $1k minimum deposit.

Availability: Nationwide, but a military relationship required for membership.

On Saturday, Punxsutawney Phil did not see his shadow, leading to predictions of another dismal six weeks of winter. Perhaps Navy Federal Credit Union’s (Navy Fed) new Celebration Special Rate 6-month Certificate (3.00% APY, $1k minimum) can help you weather the prospect of more ice, snow, and frigid temps.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.00*%$1k-Navy Federal Credit UnionCelebration Special Rate 6 Month CD
3.00*%$1k-Navy Federal Credit UnionCelebration Special Rate 6 Month IRA (Traditional, Roth, SEP)
3.00*%$1k-Navy Federal Credit UnionCelebration Special Rate 6 Month ESA
Rates as of March 25, 2019.

The Celebration Certificate is also available as an IRA (Traditional, Roth, SEP, ESA), earning the same APY with the same funding requirements.

At first glance, the fine print on the promotion page is slightly confusing.

    Minimum purchase amounts of $10,000, $20,000, $50,000, and $100,000.
    No maximum purchase amount.

This isn’t the first time I’ve questioned the four listed minimum purchase amounts. Many of NavyFed’s Certificates have tiered APYs based on the four minimum deposit levels, and the above quote is the default disclosure. The Celebration Certificate is an exception, earning 3.00% on all deposit levels. Long story short,

  • The minimum opening deposit is NOT limited to $10k, $20k, $50k, or $100k.
  • The Celebration Certificate can be opened with any amount of at least $1k.
  • There is no balance cap.
  • The Celebration Certificate does not have tiered APYs.

As stated in Navy Fed’s Certificates brochure, the Early Withdrawal Penalty reads as follows:

Certificates with a one-year term or less: Forfeiture of all dividends on the amount withdrawn for 90 days or since the date of purchase or renewal (whichever is less).

Thanks to DA reader, ddbrege, for sharing this gem in the Forum.

17-Month Share Certificate Special

In early January, Navy Fed added a 17-month Share Certificate Special (3.25% APY, $50 min/$50k max), which is still available. The 17-month Special features unlimited additional deposits (up to $50k) throughout the term. According to the fine print on the promotion page, there is a limit of one 17-month Special per member.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.25%$50$50kNavy Federal Credit Union17 Month CD Special
Rates as of March 25, 2019.

Availability

Unlike PenFed's nearly universal membership eligibility, Navy Fed’s field of membership is restricted to individuals who have a military connection, regardless of where they reside.

Navy Fed’s "Become a Member" page has a series of questions to determine membership eligibility.

You must be able to answer "Yes" to one of the following questions to qualify for Navy Federal Credit Union membership. Note: many people can answer "Yes" to the second question.

  • Are you or have you ever been affiliated in any way (includes Active Duty, reservists and retired personnel) with the Armed Forces, DoD, Coast Guard or National Guard?
  • Do you have a family member (grandparents, parents, spouses, siblings, grandchildren, children and household members) who at any time was affiliated with the military?
  • Do you have a family member (grandparents, parents, spouses, siblings, grandchildren, children and household members) who is already a Navy Federal member?

Joining Navy Fed and/or opening a Celebration Special Rate Certificate can be done online or at any of 322 branches located in 30 different states and the District of Columbia.

Credit Union Overview

Navy Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.15% (excellent) based on September 30, 2018 data. In the past year, Navy Fed has increased its total non-brokered deposits by $7.84 billion, an excellent annual growth rate of 12.74%. Please refer to our financial overview of Navy Federal Credit Union (NCUA Charter # 5536) for more details.

Headquartered in Vienna, Virginia, Navy Federal Credit Union is considered the largest credit union in the world. Founded in 1933 as the Navy Department Employees’ Credit Union of the District of Columbia, Navy Federal has grown from its initial seven members to more than 8,100,000 members and assets in excess of $95 billion.

How the Celebration Special Rate Certificate Compares

When compared to 191 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Navy Federal Credit Union’s Celebration Special Rate 6-month Certificate APY currently tops the list.

The above rates are accurate as of 2/4/2019.

To search for the best CD rates, both nationwide and in state specific, please refer to our CD Rates Table page.

Related Pages: 1-year CD rates, nationwide deals

Comments
deplorable 1
deplorable 1   |     |   Comment #1
This is a outstanding deal! Looks like I'll be dumping my GM right notes cash in here. This is also a great place to park 0% no fee balance transfer cash. NFCU has really been on a roll lately.
larry
larry   |     |   Comment #9
We absolutely love it! We plan on doing a max. Who is allowing a 0% transfer and what is the max allowed?
deplorable 1
deplorable 1   |     |   Comment #50
Here is a great list to start with:
https://www.doctorofcredit.com/master-list-no-fee-no-apr-balance-transfers/
The BankAmericard has no cap on their balance transfer offer other than your available credit line. You can also re-allocate credit lines with them. Next best is Chase Slate $15,000 cap for balance transfers every 30 days so you can do a max of $30,000 for sure. Credit card re-allocation is also allowed with Chase. It looks like the AMEX everyday card removed the $7,500 bt cap but they don't allow re-allocation at this time. NFCU has no bt cap other than your credit line not sure about re-allocation with them yet. ESL FCU gives you a $100 bonus plus 1% bonus on the balance transfer itself if you can join the CU:
https://www.esl.org/personal/credit-cards/rewards-visa-signature-credit-card/curewards
larry
larry   |     |   Comment #64
Cool, I also love that DOC site. Aren't you forgetting the % fee of total amount they charge you for balance transfers?
deplorable 1
deplorable 1   |     |   Comment #85
@Larry: These are all NO FEE balance transfer offers in this list. Most offers have a 3% to 5% bt fee which makes them useless for arbitrage purposes unless they are capped.
Jean
Jean   |     |   Comment #22
I cannot find any information on their site about ACH transfers. Somebody said you have to use Western Union to fund new account. True?
Tin Pin
Tin Pin   |     |   Comment #25
Maybe for Navy people?
Sylvia
Sylvia   |     |   Comment #28
Here’s where you find electronic funds transfer disclosures, https://www.navyfederal.org/pdf/applications-forms/NFCU_606.pdf. Go to pages 9-10. Your best bet is to prepare to push funds in from outside. As you can see from disclosures, Navy is very restrictive about what you can do from within.

Navy also offers Speedway where you can fund certificate by authorizing funds to be withdrawn from an outside checking account by phone. More info on Speedway and all transfer options here, https://www.navyfederal.org/account-management/transfers.php
Sylvia
Sylvia   |     |   Comment #29
Correction to Comment #28: Speedpay, not Speedway.
111
111   |     |   Comment #35
deplorable1, you make a good point that this Navy CD is a great place to park 0% no-fee balance transfer cash. Ironically enough, some of this cash might even come from the current 0% no-fee balance transfer offers from Visa cards offered by Navy itself!
deplorable 1
deplorable 1   |     |   Comment #48
As always right on the money 111! I just did a mini app-o-rama consisting of NFCU platinum, Chase Slate and AMEX everyday. Looks like only one hard pull so far. I have to pay off my Bank of America 0% no fee 18 mo. bt in a month so I did a little extra. With rising short term rates these are starting to become more profitable again.
TheBombingRange
TheBombingRange   |     |   Comment #2
Is this not an add on CD like the last few share certificate deals they had?
deplorable 1
deplorable 1   |     |   Comment #3
Just checked and it the terms say no additional deposits allowed. It's only 6 months though so still fairly liquid.
Robb
Robb   |     |   Comment #4
Looks like this will give Navy 3 of the top rates out there...on 6 month, 17 Month and 40 Month (IRA only) time frames. Good to see someone raising rates.
CapitalClimate
CapitalClimate   |     |   Comment #5
Are you listening, PenFed?
111
111   |     |   Comment #34
I hope PenFed is listening, but as a member of both, I'm afraid PenFed and Navy are going in different directions regarding CD rates.
RonPaul
RonPaul   |     |   Comment #6
Is it possible to join if I am not military and I do not have family in the miltary? Is there another way to join such as joining a group?
Nothing
Nothing   |     |   Comment #11
RonPaul...there is always "the" group one can join to gain membership...5 year commitment.
RonPaul
RonPaul   |     |   Comment #13
What do you mean? Do you mean joining the military? lol
AnnO
AnnO   |     |   Comment #69
Yes, I think that's what he was saying; not very helpful. No back-door organization methods exist anymore, but double-check that you don't qualify... it's not just immediate family, grandparents count too.
loungeabuser
loungeabuser   |     |   Comment #92
I want a video of you taking your kid to the Navy recruiting office and telling the officer you want to sign him up to get a 3% CD.
Pics or it didn't happen
Fiveyritch
Fiveyritch   |     |   Comment #7
There is a $50,000 max.
Kirkland
Kirkland   |     |   Comment #8
I called and they told me no max
AnnO
AnnO   |     |   Comment #114
$50k max is on the 3.25% 17mo add-on CD. No max on the 3.00% 6mo one-deposit-only CD.
Tin Pin
Tin Pin   |     |   Comment #10
An escelllent rate.

Most 1 year only pay 3%, this almost two times!
NYCDoug
NYCDoug   |     |   Comment #15
Tin: I hope you understand you only receive around 1.5% for the 6-month duration of this CD. The advertised rate is for a full year . . . that 3% is "APY" = annual percentage yield [12 months].
w8 a mnut
w8 a mnut   |     |   Comment #16
tell that to DP1 who wants to dump his 2.7x% gm
deplorable 1
deplorable 1   |     |   Comment #32
You guys really need to learn the difference between APR and APY. 3% APY beats GM right notes 2.75% APR over a 6 month period and it's FDIC insured. NYCDoug you can't characterize this as 1.5% APR for 6 months. The APY was formed for direct comparison purposes so it doesn't matter if the CD is 1 month or 11 months or any term in between the APY is the yield you would receive had you left the funds on deposit for 365 days at the corresponding APR. Just because the term is under 12 months does not mean you are not earning the APY for the stated term.
Tin Pin
Tin Pin   |     |   Comment #21
3% for 6 months, not 1.5. Please read again.
ddbrege
ddbrege   |     |   Comment #26
Mathematically NYCDoug is correct, but that is the standard that would also be correct for any term account APY (Annual (12 months) Percentage Yield) at any financial institution.
deplorable 1
deplorable 1   |     |   Comment #33
No you are getting 3% APY which means had you left the funds on deposit for 12 months instead of 6 months this is the percentage you would earn. I see this stuff posted every time there is a odd term CD or a CD that is under 1 year.
NYCDoug
NYCDoug   |     |   Comment #40
I believe that our friend Tin believes he will be getting a 3% return on a six month investment. That is why (I'm guessing) he wrote that his is DOUBLE the 3% return you would get on a 1 year CD.

He wrote: "Most 1 year only pay 3%, this [almost] two times!"
In Comment #21 he seems to affirm this misunderstanding: "3% for 6 months, not 1.5."

Maybe you can better explain this to him, deplorable ?
Tell him that if he opens the 6 month CD at the 3% annual rate, with the minimum $1,000, at the end of the six months (when the CD matures) he will have approximately $1,150.
NYCDoug
NYCDoug   |     |   Comment #42
On average, ignoring compounding, each month he will in effect be earning 3% / 12.
Tin Pin
Tin Pin   |     |   Comment #43
$3,000! 3 times!
deplorable 1
deplorable 1   |     |   Comment #45
He thinks he is getting 6% APY. While you are getting 3% APY for a 6 month term you have to cut it in half to do the math since it is only 6 months. $1,000 x .03(3%) = $1,030
$30/2 = $15 so $1,015 after 6 months or $1,000 x .015(1.5%) = $1,015 either way works out the same. You just can't say you are only earning 1.5% though because you will be closing the CD and putting that cash somewhere else for the next 6 months.
NYCDoug
NYCDoug   |     |   Comment #79
Yes -- Pardon my typo (bad math) above. Simply stated:

With an annual yield of 3%, after 6 months the gain on $1,000 would be (approximately) $15.

Actually a little less, since an APY of 3% -- compounded monthly -- implies a monthly rate of around 2.4663% . . . Which, doing the math on $1,000, yields $14.89 after 6 months.

Only after a full 12 months at the monthly rate would you obtain your full 3% annual percentage yield of $30
deplorable 1
deplorable 1   |     |   Comment #87
I know you get it NYC. I would just divide the 3% in half as they probably included the compounding in there(or at least they should have). I have seen banks and credit unions actually post incorrect APY's and APR's that don't correspond. Things like that just add to the confusion.
Never Trump Republican
Never Trump Republican   |     |   Comment #12
Great rate ... Got NASA certificate maturing soon ... Will move the money to NAVY ...
#14 - This comment has been removed for violating our comment policy.
scottj
scottj   |     |   Comment #18
Phil not seeing his shadow means we will have an early Spring and not another 6 weeks of winter. Come on Ken I expect better from you :)
deplorable 1
deplorable 1   |     |   Comment #41
lol right early spring. I feel like I'm living though that movie "Groundhog Day" trying to explain APY again and again.
https://www.youtube.com/watch?v=wE8nNUASSCo
#20 - This comment has been removed for violating our comment policy.
Jean
Jean   |     |   Comment #23
I applied for membership. Haven't heard back yet. Do I need to unfreeze credit reports? Is it easy to fund account? Do they use ACH? Thank you.
Robb
Robb   |     |   Comment #24
I've done an ACH into Navy...but it has to be from checking to checking. I believe they have a 5k limit on ACH transfers out so you have to pull it from another FI.
Jean
Jean   |     |   Comment #27
New transfers in have to be checking to checking? So a new member would also have to open a checking acct with Navy? Thats a deal breaker for me. Thanks.
Kirkland
Kirkland   |     |   Comment #30
you can open your certificate over the phone by giving Navy your financial institution checking account number and routing number and they will get it via "speed pay". Your Navy Fed certificate will be back dated as open the same day you called and gave them the info
Jean
Jean   |     |   Comment #37
Thank you. That sounds easy. Just waiting for membership approval.
Nothing
Nothing   |     |   Comment #38
I recommend always going in person and bringing more documents than are necessary...good luck!
deplorable 1
deplorable 1   |     |   Comment #31
I believe that you can ACH transfer into a NFCU share savings but you will need a NFCU checking account in order to ACH transfer out.
51hh
51hh   |     |   Comment #36
Stone age for NFCU ACH!!

Highly inconvenient.  Almost a show-stopper for me.
deplorable 1
deplorable 1   |     |   Comment #47
It took me a while to get used to their strange ACH policies. Now I just use a 3rd party bank to ACH push and pull funds from NFCU checking. It looks like they removed the ACH fee for transfers initiated at NFCU. Here is all the information regarding ACH transfers at NFCU:
https://www.navyfederal.org/account-management/ach.php
and for the fees associated with the checking account:
https://www.navyfederal.org/pdf/applications-forms/savings-checking/401C_Everyday_Checking.pdf
QED
QED   |     |   Comment #88
51hh #36

NFCU is rigid and unorthodox in a number of areas of their banking practices. Nothing at NFCU should be taken for granted based on your banking experiences elsewhere.

Almost a show stopper? I agree with you. NFCU is annoying at BEST!!  And their "special" ways of doing things can blindside a member at any time.  The people running NFCU must be real pieces of work, believing they know better and do things right while the rest of the banking industry is wrong.
Anonymous
Anonymous   |     |   Comment #39
Personally, I'd like to tie up funds for 18 months, max 24 mos. The 3% for 6 months doesn't do anything for me. I'd like to get between 3 and 3.50% (probably dreaming). Anyway, I think Navy is hoping or praying that rates will be going down and that in 6 months, they will offer a 2.75 or a 2.50 APY and 6 months later rates going down again. So instead of letting us deposit more than 50K in their 17 month paying 3.25 APY, they are getting themselves a better deal, only having to pay out 3.0 and perhaps into the future even less. Who knows? I'm in the 17 month @ 3.25 but I'll pass on this one for now.
#44 - This comment has been removed for violating our comment policy.
RJM
RJM   |     |   Comment #71
I don't qualify for this deal even with some white or larger lies. So I am going with the NASA 15 month at 3.20% where I already have an account.

But, I am getting a little break from winter with highs of 71, 73 and 72 the next 3 days. Back down to 30 saturday night but I am hoping no more hard freezes this winter. (Probably not realistic)
Jean
Jean   |     |   Comment #73
Does NASA use ach? Is it easy to fund and withdraw money from NASA with a simple ach transfer using their website?
Jean
Jean   |     |   Comment #74
Sorry for all the questions. I wish these credit unions would put the information right up front.
Changed my mind about Navy. NASA has better specials.
Sad Jean
Sad Jean   |     |   Comment #82
I just got woke up by an email from Navy. They declined my app because they say they can't verify my ID. My app included the required driver's license and SS nunber. Now they want all kinds of other documents. Never had this problem any other place.
RJM
RJM   |     |   Comment #86
NASA originally wanted a copy of my SS Card but quickly changed their mind when I told them I did not have it.

NAVY would not take me because of no military connection.
RJM
RJM   |     |   Comment #76
I honestly don't know about ACHs from the NASA end. I have deposited using shared branches and withdrawn by pulling from Ally. I do know that when buying into a new CD special, they are now asking for $10k in new money. 11 months ago, they asked for $5k of new money. (If you are a new customer, yours is new money)

That is important because when your CD matures, like mine does today, I cannot buy another special CD without adding new money. I did not even consider ACHing it in from either side just because I have always done shared branch deposits and with ACH I tend to lose a day or two's interest. When I write a check, I tend to gain 1-3 days interest. That's not significant on $10k but on more it can be.

I even spend for a stamp to snail mail deposits when I can't do shared branch.

I have always opened my nasa cds by phone when I get home from the shared branch. (I am not a big cell phone user. I could do it on the way home but I'd rather save my minutes and call when I get home. Also I can ask them to turn off the auto-renew)

I think the default on these special CDs is they automatically force you into a regular rate CD at the end of the term unless you say otherwise. Several credit unions do that and one would not even let me turn that off saying it was too soon to do it. NASA I think.

I have read that you can open the CD online and it becomes effective when you fund it within 10 days. I am unsure if you can open it and fund it 9 days later and get interest for those 9 days. Seems unlikely but I have not tried it.

I would do a 6 month at 3% if I qualified and already had an account. I am hesitant to open lots of new accounts because when I was contemplating a Premier CU account before it died, people were getting rejected for having too many recent bank accounts or chexsystem inquiries.
Chicago
Chicago   |     |   Comment #81
there should be a ten day grace period after maturity, to allow you ro make changes, correct?
RJM
RJM   |     |   Comment #89
I have never used the grace period as mine that matured today automatically went to my share account.

If one uses the grace period and then changes their mind after 9 days, does he get interest for those 9 days or not? At what rate?
scottj
scottj   |     |   Comment #83
Looks like NASA limits to $10k a day using there site. This is why EBSB has been such a great hub account for me, I get a great rate of 2.50% on my savings. Only took one day to link to NASA and then was able to transfer $250k in one shot to NASA. Not sure what EBSB max is but I have done even more than that in the past
RJM
RJM   |     |   Comment #84
I just spoke with NASA.

1 year is the time period to have used shared branch such that you don't need permission. And 2 CDs requires $20k in new money.

To me, losing any interest for an ACH is unacceptable unless its for small amounts.
Scottjm
Scottjm   |     |   Comment #90
I have wondered if I'm elegebile to join Navy FCU?Not sure I would bother opening this deal since 6 months just seems to short but would like to be a member for future deals. My father graduated Kings Point Academy which has a Naval commitment that must be filled. He was in the Navy for a while and then switched to Merchant Marines after I was born. But he passed away in 1979. Would I be ellegible? I dont see anywhere on application for how to join thos way? I guess I have to call but before I bother could someone tell me if this would work so it's not a waste Of time?
Pc74
Pc74   |     |   Comment #93
If your father was in the Navy then you qualify. You will be asked to send over copy of his discharge papers. If you do not have them for any reason then they have a link on the application for you to get a copy of his discharge papers from the National Archives.
#77 - This comment has been removed for violating our comment policy.
Bozo
Bozo   |     |   Comment #94
This must be one of the credit unions that drives the American Bankers Association nuts. The FOM is so broad and so vague, and impossible to verify*, that NFCU is basically operating as a bank. As such, the ABA correctly notes, it should be taxed as a bank.

*Assume, for the purpose of argument, you check the box that represents that a family member was "affiliated with the military". How, in heaven's name, would NFCU (or anyone else, for that matter) verify this representation?
Bozo
Bozo   |     |   Comment #95
Further to my comment # 94, credit unions are awash in unverifiable FOM categories. For example, "live, work, or worship". How does a CU verify (assuming it would even try) whether one "worships" in a particular geographic area? What is the definition of "worship"? If I go to the Healdsburg Hotel on a weekend and pray for a tender filet mignon, does that count for membership in the Sonoma FCU? Must one worship in a church or does personal meditation count? I think back to when I first joined Alliant. Membership in a local PTA sufficed. As it happened, my wife and I were members of our local PTA, so I checked that box. I asked the branch manager if I had to submit proof, and he said "no, we take your word for it". And that was that. Which sort of got me to wondering exactly how much credit unions really care about verifying membership representations.
what to do?
what to do?   |     |   Comment #96
I think we are all small fry to the banks and there main beef is all them dollars could be making money for their stockholders. Remember how ? Richard Prior ? schemed the banks of a couple (one) cent from all the accounts? Brewsters Millions ?
The Banks pay taxes is their main complaint. They (the government aka banks?) dont mind paying the Chinese interest.
scottj
scottj   |     |   Comment #101
I think you are thinking of the movie Office Space
Dunmovin
Dunmovin   |     |   Comment #97
Like any insurance...verification comes when a claim is made! Bozo you should know that! I have heard of some asking a CU if it would like a letter saying in effect that they worship at..., or some other aspect...all CONFIRMED in writing!
David K
David K   |     |   Comment #105
Dunmovin, how does NCUA confirm membership when it pays claims? Point to some news stories.
FDIC Man
FDIC Man   |     |   Comment #108
I've always believed that banks have a pretty good argument when it comes to criticizing the way credit unions have expanded their criteria for granting membership. Navy Federal does a good job of policing its field of membership requirements. However, I question if Congress ever contemplated that a single credit union would claim the entire U.S. defense establishment as a membership group.
David K
David K   |     |   Comment #110
Why don't banks move to non profit status and enjoy the tax breaks?
AnnO
AnnO   |     |   Comment #115
PenFed accepts the entire US government as members, plus anyone who joins a military-related nonprofit organization, so Navy isn't the only one and is stricter than that. https://www.depositaccounts.com/banks/pentagon-fcu.html
#98 - This comment has been removed for violating our comment policy.
anonymous
anonymous   |     |   Comment #99
Bozo, re #94, I'm not sure if NFCU is the best example of what you describe. At least they are making an effort in limiting the FOM to military affiliation in a broad sense, even though military & family is of course a large group to begin with. And, I have a feeling that this FOM restriction does help to keep their rates a bit higher than, for example, Penfed.

Contrast this with "Penfed's got great rates for EVERYONE" ... they are even advertising that.
anonymous
anonymous   |     |   Comment #100
Further to my comment #99; while FOM restrictions are of course central to Credit Union regulations, in my opinion the main aspect that sets them apart from banks is that CUs operate 'not-for-profit' i.e. for the benefit of their members. By contrast, Chase, BofA, Wells Fargo operate for the profit of their shareholders (as any corporation should). That said, I think credit union members see certain benefits when a CU grows in size, such as economies of scale and expanded service offerings. NFCU, as the largest CU, still only ranks #30 among financial institutions by asset size, so banks don't have that much to worry about yet.

By contrast, I'm sure Schwab shareholders have plenty of reason to be upset that Vanguard, as a mutual company, also basically operates as 'not-for-profit,' Yet, Vanguard membership is open to anyone and they are the largest mutual fund company in the world.
David K
David K   |     |   Comment #103
Why would a for profit company have cause to be angry at Vanguard?

Schwab shareholders have the option of converting to a non profit.
anonymous
anonymous   |     |   Comment #109
Because those Schwab shareholders wouldn't make any money anymore, that's the main reason to be a shareholder. :) It would benefit Schwab customers of course, so customer-shareholders would see a benefit (similar really to Vanguard's situation). I think it's no coincidence that Charles Schwab has a net worth of $8 billion, while Vanguard founder Jack Bogle had $80 million. Vanguard decided to pass on all savings to its customers.
David K
David K   |     |   Comment #111
My question is what reason Schwab shareholders have to be angry. As in, a justified reason.

Fair competition is not a justified reason. The real reason is obvious, and it is petty.
anonymous
anonymous   |     |   Comment #113
David K, I agree with you. Actually, Schwab does manage to give Vanguard a run for its money by lowering fees, and Schwab still makes a profit. Customers of both companies benefit.
FDIC Man
FDIC Man   |     |   Comment #107
Navy Federal requires prospective members to submit documentation verifying that the family member was indeed "affiliated with the military." Navy Federal is strict about enforcing its eligibility rues. They won't just take anyone's word that they're eligible.
tbradnc
tbradnc   |     |   Comment #102
I don't see the 6 month CD in the list of CDs to choose from when opening an account. How is it listed?
nancy I SUPPORT ILLEGALS pelosi
nancy I SUPPORT ILLEGALS pelosi   |     |   Comment #104
It's located under "Certificate Special Offers"
#106 - This comment has been removed for violating our comment policy.
David K
David K   |     |   Comment #112
muchas gracias, mi amigo
Navy Federal Introduces 17-Month Add-On CD Special, 3.25% APY
Deal Summary: 17-month Share Certificate Special, 3.25% APY, $50 minimum/$50k maximum deposit, additional deposits up to $50k.

Availability: Nationwide, but restricted to those with a military relationship.

Navy Federal Credit Union (Navy Fed) has added a 17-month Share Certificate Special (3.25% APY, $50 min/$50k max) to their product line. The new Special features unlimited additional deposits (up to $50k) throughout the term. According to the fine print on the promotion page, there is a limit of one 17-month Special per member.

As stated in Navy Fed’s Certificates...

Continue Reading
Navy Federal Debuts 40-month IRA Certificate Special
Deal Summary: 40-month IRA/ESA Certificate Specials, 3.75% APY), $50 min/$150k max deposit, unlimited additional deposits.

Availability: Nationwide, but with membership requirements (military relationship)

Navy Federal Credit Union (Navy Fed) has a “Featured Products” tab on its Certificate Rates page, which includes an ever-changing array of special products. In addition to its signature 12-month Special EasyStartSM Certificate and a Special 24-Month Certificate (3.00% APY), Navy Fed is currently featuring a Special 40-month IRA/ESA Certificate earning 3.75% APY. This IRA/ESA can be opened with a $50 minimum and is capped...

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Navy Federal Unveils 24-Month CD Special
Deal Summary: 24-month Certificate Special, 3.00% APY, $10k minimum deposit.

Availability: Nationwide, but a military relationship required for membership.

When I last wrote about Navy Federal Credit Union (Navy Fed) in April, I noted that since the 32-month IRA CD Special (2.75% APY) and the 15-month CD Special (2.25% APY) had expired, there hadn’t been any exceptional rates at Navy Fed. As of today, that has changed with the introduction of a 24-month Certificate Special earning 3.00% APY. The minimum opening deposit is $10k, with no stated...

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Navy Fed Adds 5-Year Certificate Special
Deal Summary: Certificate Specials – 5-year (3.00% APY), 18-month (2.25% APY), $1k minimum deposit.

Availability: Nationwide, but with membership requirements (military relationship)

May is Military Month. To mark the occasion, Navy Federal Credit Union (Navy Fed) has added two Certificate Specials: a 5-year (3.00% APY) and an 18-month (2.25% APY). Both can be opened with a $1k minimum deposit, with no stated balance cap. Unlike past Navy Fed Certificate Specials, additional deposits are not allowed.

Note: While the promotion page states "Minimum deposit $1k up to...

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Navy Fed Offers New Special Certificates

Deal Summary: 2.25% APY 15-month add-on CD, Maximum deposit $50k. 2.75% APY 32-month add-on IRA CD, Maximum deposit $250k.

Availability: Requires a connection to the military.

Navy Federal Credit Union (Navy Fed) has come out with two high-rate add-on certificate specials: a 15-month share certificate and a 32-month IRA Certificate. The 15-month share certificate has a 2.25% APY and a $50k maximum balance. The 32-month IRA certificate has a 2.75% APY and a $250k maximum balance. Both have a minimum deposit of only $50, and both have an add-on deposit feature...

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