Navy Federal Offers Very Competitive 5-Year CD, 3.50% APY


Deal Summary: 5-Year Certificate, 3.50% APY, $1k minimum.

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

It’s another good news Monday at Navy Federal Credit Union (Navy Fed). The 5-year Share Certificate rate has been increased to 3.50% APY on all tiers. Minimum deposit is $1k. There is no maximum deposit. This is just a standard type of Certificate. There are no special features. For example, add-on deposits are not allowed until maturity.

3.50%$1k-Navy Federal Credit Union5 Year Certificate Special
3.50%$1k-Navy Federal Credit Union5 Year IRA Special (Traditional, Roth, CESA, SEP)
Rates as of July 21, 2019.

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

As stated in Navy Fed’s Combined Certificate Disclosure, the Early Withdrawal Penalty reads as follows:

(c) If the term to maturity is five years or greater, the amount forfeited is equal to the lesser of: (1) all dividends for 365 days on the amount withdrawn, or (2) all dividends on the amount withdrawn since the date of issuance or renewal.

This Early Withdrawal Penalty is harsh, and thus, it’s an important factor to consider.

One thing to remember is that you can always withdraw the accrued interest from a Navy Fed’s CD without any penalty. Navy Fed’s Certificate Brochure reads as follows:

Dividends on Navy Federal certificates are compounded daily and credited monthly. They’re posted to the account on both the last business day in the period in which they are earned and at maturity. Dividends that have been credited are available for withdrawal anytime without penalty.

Funding and Accessing Maturing Funds

One easy way to fund a Navy Fed Share Certificate using the online application is to first deposit funds for the Certificate into your Navy Fed checking, savings or Money Market Savings account. Using another institution’s ACH transfer service may be the quickest way. Once the funds are in the Navy Fed account, you can open the Share Certificate using Navy Fed’s online application. In the application, you can specify that the funds be pulled from that Navy Fed account.

An easy way to receive funds from a matured Navy Fed Share Certificate is to provide instructions to have the funds transferred to any existing Navy Fed checking, savings or Money Market Savings account. There is a 21-day grace period at maturity before the Share Certificate automatically renews.

One important thing to note about Navy Fed is its restrictions on ACH debits from the savings account. The following is an excerpt from Navy Fed’s Electronic Funds Transfer Agreement and Disclosure:

When you originate an ACH transfer at another financial institution, please note that your Navy Federal savings account may only receive ACH credits. Checking accounts may receive ACH credits and debits. MMSAs may receive ACH credits and debits in accordance with the limitations set forth in the MMSA agreement.

So if you plan to pull funds from Navy Fed using the ACH service of another institution, you should consider opening either the Money Market Savings account or one of Navy Fed’s checking accounts.

Beneficiaries and Trust Accounts

Unlimited beneficiaries can be named, with name, address, DOB, and Social Security numbers required for each beneficiary. You also have the option to assign percentages. To designate beneficiaries, refer to Navy Fed’s Payable on Death (POD) and Deposit Trust Accounts Form. This form can also be used to open accounts under a legal trust. Navy Fed calls this a Deposit Trust Account.

How Long Will This Offer Last?

Previously, the 5-year rate ranged from 3.00% APY for a $1k minimum to 3.25% APY for a $100k minimum. This offering was a surprise to me. With so many other banks and credit unions lowering their CD rates at the start of July, I had feared Navy Fed’s 3% rates would be disappearing. That did not happen last week, as the CD rates remained unchanged. Now with this new offering, Navy Fed has become the 5-year rate leader.

I received info about this CD from a Navy Fed official. I asked how long this offer will last. The official said that “as of now, we have no end date in mind.” Considering that Navy Fed’s competitors are offering much lower 5-year rates (for example, PenFed’s 5-year rate is only 2.45% APY), Navy Fed will likely be surprised about the demand, So I wouldn’t count on this offer lasting past July. That’s especially the case if the Fed cuts rates at its meeting on July 30-31.

I tried to learn some insights into why Navy Fed is being so aggressive on its CD rates. The Navy Fed official forwarded my question up their management chain and was able to receive the following quote from Katie Miller, senior vice president of savings products at Navy Federal Credit Union:

"One benefit of membership with Navy Federal is the consistent way in which we reward loyalty. As a credit union, it is our mission to aggressively advocate for our members and set the gold standard with high savings dividends and low loan rates -- all for the sake of improving our members' financial well-being."

This wasn’t the insight that I was hoping for. So I took a look at Navy Fed’s financial data. At the end of the first quarter, Navy Fed reported $75.06 billion in loans and $77.21 billion in deposits. This results in a loan-to-deposit ratio of 97.2%. That’s quite a bit higher than the average for credit unions (82.4%). When an institution has strong loan growth, there’s a need to increase deposits to fund the loans, and that puts upward pressure on their deposit rates. That may be the case with Navy Fed. Also, as I mentioned last month, Navy Fed has been growing fast. Last quarter, they surpassed $100 billion in assets, which is by far the largest credit union in the nation.

Hopefully, Navy Fed will keep up the strong loan growth. That and its large size will hopefully allow it to keep this new 5-year rate for a while.


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.

As I described in 2017, Navy Fed expanded their field of membership. The military connection is still required, but many more people are now eligible to join. Now eligible to join are people with family members who at any time were affiliated with the military.

Navy Fed’s "Become a Member" page lists the various ways to qualify for membership.

Active Duty, Retired and Veterans – Service members in all branches of the armed forces are membership-eligible, including:

  • Active Duty members of the Army, Marine Corps, Navy, Air Force, Coast Guard, and Ait National Guard.
  • Delayed Entry Program (DEP)
  • DoD Officer Candidate/ROTC
  • DoD Reservists
  • Veterans, retirees, and annuitants

Family Members – Individuals with parents, grandparents, spouses, siblings, children (adopted and step), grandchildren, or household members who at any time were affiliated with the military or are already Navy Fed members are also eligible to join.

Department of Defense (DoD) Civilians – Any DoD civilian employee, U.S. government employees/contractors assigned to DoD installations, and DoD retiree/annuitants are welcome to apply.

Joining Navy Fed and/or opening a Share Certificate can be done online or at any of 329 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, with a Texas Ratio of 5.38% (excellent) based on March 31, 2019 data. In the past year, Navy Fed has increased its total non-brokered deposits by $10.28 billion, an excellent annual growth rate of 15.38%. 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 8,200,000 members and assets in excess of $103 billion.

How the Special Certificate Compares

When compared to 173 similar length-of-term CDs tracked by that are available nationwide, Navy Federal Credit Union’s 5-year Share Certificate APY ranks first.

Interest RateCD Length of TermCredit Union/Bank
3.50% APY5-Year Share Certificate ($1k min)Navy Federal Credit Union
3.30% APY5-Year Promotional CD ($10k min)The Federal Savings Bank
3.30% APY5-Year Jumbo Share Certificate ($100k min)GTE Financial Federal Credit Union
3.20% APY5-Year Jumbo Share Certificate ($100k min)Signature Federal Credit Union

The above rates are accurate as of 7/8/2019.

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

Related Pages: 5-year CD rates, nationwide deals

Robb   |     |   Comment #1
Good to see Navy FCU back on the leader board and hiking rates...for at least one term.  Especially with so many other banks headed for the hills.
Never Trump Republican
Never Trump Republican   |     |   Comment #2
Notwithstanding what the intense political pressure that harms the Savers, this is good/welcome piece of news !!
Never Trump Republican
Never Trump Republican   |     |   Comment #3
Hopefully Navy deal will last a few more weeks ... I have a few CDs/Certificates maturing in July.
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gregk   |     |   Comment #5
Wish it was an add-on. I've no available funds for the next two years, by which time rates will likely be in the dumps again.
Never Trump Republican
Never Trump Republican   |     |   Comment #6
#5 Indeed ... would be nice get this deal as "add-on" ... But even without "add-on" this is welcome.
deplorable 1
deplorable 1   |     |   Comment #7
This is a tough call since CD rates are dropping and all my other add-ons have a cap. Maybe a small amount like $20,000 or so since you have to keep some cash at NFCU anyway to keep the account active. In 2 years 3.5% might seem like a killer rate.
jimdog   |     |   Comment #8
In two years, this may also seem like a so so rate. I think we are close to an all time bottom in rates right her right now and yes, I know everyone and their brother is expecting the FED to lower rates from here. Heck, we are almost at 50 year lows on these longer term rates!!
RRR   |     |   Comment #12
It's very hard to predict rates now. The job market is on fire. Employers are having a very hard time finding enough employees to fill the job openings. That means they have to pay them more to attract the people with the required skills. That means labor costs are going up and companies have to charge more for their products. On the plus side that means wages are rising for the first time in decades. On the minus side that means potential inflation. The FED isn't going to ignore the strong job numbers, and may well factor that into a decision to not lower rates as much as people expect they will and/or start raising them again before expected as well.

Add to that a presidential election next year and the prospect that President Trump may actually be successful with the extremely challenging China trade deal and you can't rule out the potential for an unusually rapid change in rates even in the relatively near-term.

5 years is a long time. It's not impossible that in 3 years or less this could seem like poor rate. Hedge.
Never Trump Republican
Never Trump Republican   |     |   Comment #16
"it's tough to make predictions, especially about the future" - Yogi Berra.

jimdog   |     |   Comment #22
Yes, 5 years is a very, very long time with interest rates at all time lows. My bet would be they are much higher 3 years since all of the anticipated lowering by the FED is already built in. I see 4 percent 5 yr. CDs in 3-5 years.
gregk   |     |   Comment #23
You measure "much higher" differently than I do.
Anonomoose   |     |   Comment #47

You've stated several times that interest rates are at "lifetime" or historical lows.

Can you explain what you base that view on since during the entire time President Obama was in office US interest rates were lower than they are now.
willy12   |     |   Comment #48
I think he means in the context of longer term history. Even though rates are higher than their absolute lows, they are still pretty low considering a very long period of time.

My one and only car loan was at around 21% and that was not a bad rate at the time.
Anonomoose   |     |   Comment #53
Right, but to refer to the current rates at "all-time lows" is simply wrong. They're significantly higher than they were just a few years ago. I think saying they are historically below average is more accurate description.
Mak   |     |   Comment #9
I personally am only going to max out my add on CDs for the next year or two and then see how things look unless something really special pops up.
RickZ   |     |   Comment #10
In response to Ken’s question of why, another reason may be that for those that opened Navy’s Celebration Special 6-month 3.0% CD back in February, those CDs will be maturing in August. I loaded up on that CD, as I’m sure others did, and had planned to pull that money out in August.  Perhaps Navy is just getting ahead of a potential loss of those funds. 

I'm also not surprised that Navy's loan portfolio has been increasing in size given that they are a DC area credit union. One thing you can always count on is that, no matter the economy and no matter the administration, the federal government will just keep growing.
Jennifer   |     |   Comment #11
Oh my goodness! The high rates are back! I simply adore it.

p.s. This website is fabulous. Most people would never find this Navy deal without it!
Coach   |     |   Comment #13
GTE Financial is a better deal because its an add on 5 yr CD at 3.30%APY. You can stay short the next few years at close to 3.50% and watch and see how rates do, if they go south in a major way you can then add on to the 5 yr. At Navy Fed its all in now or nothing however i do like NF and have my IRA there at 3.75%. Its a personal choice but i like the ability to add on at GTE.
MEE   |     |   Comment #15
But in order to get the 3.30% APY @ GTE, you have to open the account with a minimum of $100k. So You're already in 100k for five years from the git-go. That's a deal-breaker for some.
Coach   |     |   Comment #18
I forgot some are chasing these CD's with much smaller amounts of money then $100k trying to pick up an additional yield of .10 and .25 etc.To me a complete waste of time trying to catch that additional yield especially taking taxes into account. If you have less then $100k investable assets you are working with you should never consider long duration CD's to begin with and only stay with short duration.
Amos   |     |   Comment #19
I opened one of the 3% $500 add-on CD's at GTE just as an eventual place to go in case rates go South again. Although the 3% is all not that great, I recall about four ago when the Live Oak 2.5% 5 year CD was the best available at the time and I felt very lucky to get one. Will history repeat itself?....I have no clue.
Agent99   |     |   Comment #20
Intelligent decision Amos because of the add on feature. Based on interest rates worldwide the USA cant be immune from the eventual downfall much longer. The highest yield cycle has passed and the top was around 4%.The next 5/6 years will be another downward cycle till it hits 0% again and sits there for awhile.Every few months purchase another GTE 5 yr for $500 and at least you may be able to keep up with inflation.
Go Navy
Go Navy   |     |   Comment #24
Re: Coach #18
Not sure I understand your advice. "If you have less than $100k investable assets you should never consider long duration CD's to begin with and only stay with short duration." Why is that? Please explain further.
MEE   |     |   Comment #40
I assume that he means that you should always have some liquid funds available for an emergency or other urgent cash need, so don't tie them up for a long term. I think the emergency concept is correct but it's a broad statement. There's a lot of variables such as your income, what the sources of your income are, what other assets you have which aren't necessarily highly liquid, etc. Depending on other factors, even if you have less than 100k investable, you may not need to keep all of it liquid.

In any event, even if someone has more than 100k investable, they may not be willing to tie 100k up for 5 years at this time. The GTEF deal requires that.

I'm not saying it's a bad option, I'm just saying it's not necessarily a good option depending on your situation and your outlook.
JoBob   |     |   Comment #41
#40 of course its a broad statement like most statements on this site. However, if ones investable assets total $100k or less this person should have been in the stock market fully invested trying to grow that money over time. If they are already retired and on a fixed income they are already ****ed...they didn't save enough. My suggestion forget the 5 yr CD and buy 12 packs everyday and just enjoy the money.
MEE   |     |   Comment #46
Now there's something I think we can all agree on! ??
Nothing   |     |   Comment #50
JoBob...reset the calculus...a married couple can get by with soc sec, some interest income, etc and pay zero in fed taxes. One does not need to be in the market for a comfortable retirement and clearly not at retirement age!
RealityCheck   |     |   Comment #51
Average social security payout in 2019 is $1,461 pp. Tines that by 2 = about $3,000 per month for two.Average ret saving for a 60 yr old is $172,000 paying 3% interest is about $5,000 per year. $36,000 SS + $5,000 interest income = $41,000 per year for average retired couple living on SS.You call that get by but I have another name for it... poor lifetime financial planning.
Nothing   |     |   Comment #52
It works quite well for some that plan, no debt, low tax state, etc Try it, you may like it. Then couple that with the wonders of sch C and other tools
deplorable 1
deplorable 1   |     |   Comment #21
Good point Coach I would be better off buying a few more 6 month GTE CD's with a 2% cashback card. I could keep NFCU active with my IRA add-on CD.
111   |     |   Comment #14
Navy has been careful with their add-ons - nearly all of them have caps, and nearly all Navy CDs without caps are NOT add-ons, as in this case. I'm still deciding.

FYI, also maturing in mid-August will be the Andrews 6-month 3.25% CDs for those who "bit" as I did. This Navy special may or may not last that long, though.
hank   |     |   Comment #17
I opened one of these tonight. Surprising, that they have gone back to 3.5 for 5 years after they had it and then have been dropping rates
Go Navy
Go Navy   |     |   Comment #25
Re: Coach #18
Not sure I understand your advice. "If you have less than $100k investable assets you should never consider long duration CD's to begin with and only stay with short duration." Why is that? Please explain further. Thanks.
Coach   |     |   Comment #26
If your investable assets are less then $100k short duration CD's have a much lower EWP many times only 90 day and usually max 180 days vs 5 year CD's that seem to trend now at 360 days EWP. Within that $100k or less may lie your emergency fun in case of medical emergency/loss of employment etc. With short duration funds or higher paying MM accounts paying 2.5% or close to 3%, why lock up the funds for 5 years? If you are completely sure you wont need the funds then longer duration is fine, if there is a question mark i would stay with short duration with $100k or less.
Go Navy
Go Navy   |     |   Comment #27
Coach #26,
Got it. Thanks.
Att   |     |   Comment #28
#27 I usually don't invest 100k in a single CD. I prefer to ladder several CDs. The only CDs I have with 100k or more are Penfed 10 yrs at 5% and Connexus at 4% that were at the top of the market when they were available. I have a MACU at 3.51% that is an add on. That one may go up to 100k as I have other CDs coming due in the next 10 months and if rates are still down.
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Att   |     |   Comment #35
#26 Many of the money market funds are dropping. If you have a savings with Northern Direct you have 2.5% locked until the end of the year. I wonder what money market account rates will be if the fed cuts rates? If you have short term CD the renewal rates may be lower in a few months. So locking in a 3.5% (or at least a portion of your funds) as part of a ladder could be a good strategy.
jimdog   |     |   Comment #38
Another strategy is to consider we are now seeing lifetime lows in interest rates and to keep your powder dry for higher rates to come. With all the debt, public and private, I believe the lows are almost in and rates will be going higher starting in about 3-6 months!
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JWARREN   |     |   Comment #34
A "loan-to-deposit ratio of 97.2%." It would be interesting to know if this above average ratio is typical for NFCU or larger credit unions in general?
anony   |     |   Comment #39
Anyone know if joining is a soft or hard pull? And how difficult is it to sign up if there are no local branches?
#42 - This comment has been removed for violating our comment policy.
Go Navy
Go Navy   |     |   Comment #43
Navy did a full credit check on me a few months ago. Is that what you call a hard pull? No problem for me. But then I ended up going in a different direction, I decided to keep things short. I'm waiting to see if they come out with a short term special.
willy12   |     |   Comment #45
A full credit check is a hard pull as it shows up as an inquiry. A soft pull does not.

Most people here don't care about a few point hit to their credit. I have never not opened a new account over a hard pull. (It makes no difference if my score is 820 or 815 or 803)

6 months ago or something I was concerned about having too many chexsystems inquiries as a number of people were rejected for new accounts for that.
(at other credit unions)
QED   |     |   Comment #58
willy12 #45

Agreed Chexsystems is, straight up, a plague. This is especially true for Ken's readers. I dearly wish Ken would do an exposé on them. Here is the dilemma:

Chexsystems ostensibly exists to gather data on financial institution customers who are irresponsible. When you bounce checks, fail timely to make loan repayments, or in any way seek to harm or defraud your financial institution you cannot expect to do so in private. Other financial institutions want to know about your shenanigans and Chexsystems is out there to provide them that information. If you're a shady operator or a crook, it is right and proper that you should have nowhere to run and nowhere to hide. Period.

But the overwhelming majority of Ken's readers are NOT crooks. We are just honest people seeking to make the most money we can from our nesteggs. There is nothing whatsoever illegal about that. Nevertheless, Chexsystems can be an execration for us, too. Here is why:

Chexsystems makes available, to all financial institutions, data regarding our legal and honest account openings. These matters, many of us wrongly believe, are private, strictly between ourselves and our financial institutions. But no. Events we anticipate to be private are, in reality, contained within our Chexsystems report. And too many financial institutions will not open a new account for persons who, in their opinion, are opening "too many" accounts.

Problem is, when you are a reader and chase deals, sure you could be opening more accounts than might an average person. So what!! We are not rule breakers and certainly we are not criminals. Chexsystems has no business making known our LEGAL and HONEST banking activity, and neither should they have the right to do so!!  Legal, honest banking activity should be private.

Beware of Chexsystems. And for goodness sake, if you do nothing else, contact them and obtain a free copy of your Chexsystems report. It just might contain surprises you would never, ever, anticipate.
Nothing   |     |   Comment #59
#58. Since Chex systems is a credit reporting agency....Can one put a freeze on Chex systems reports? there a so-called soft pull from it?
willy12   |     |   Comment #66
I am unsure if one can freeze their chexsystems report but if we could, it would be an automatic rejection from any bank or cu that requires one. So we would be unable to open a new account.

I have been meaning to check my chexsystems report and/or score but so far have not. I think I read that its one per year and I held off thinking maybe I would be rejected and get one that did not count toward the one per year but I have not been rejected in recent years. I was once probably 15 years ago.
Judy   |     |   Comment #60
They ****ed me over by knocking my score b/c too many new CD accounts.
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Bozo   |     |   Comment #65
As to your second query (signing up), it was a (relative) breeze.
john   |     |   Comment #49
my god this is truly the best website ,my sincere thanks to all involved
old dude
old dude   |     |   Comment #54
One of the little pleasures about getting older, you no longer have to be concerned with "hard pulls" vs soft pulls, and very little or no wories about your credit score. I no longer get stressed about interest rate direction, and no need to chase CDs all over the country.

I do check in fairly often to see what savings rates are doing, at this age I like to keep things short and mostly available. Even if rates decline to 1% i will survive nicely.
Nothing   |     |   Comment #55
And having a low score is “helpful” when databases get hacked, ie no one should extend credit. When the powers to be realize credit score checks are wholly unrelated to Patriot Act obligations, sanity will return. Or if credit scores get hit “more” for inquiries then the whole process will be seen for what it for credit reporting agencies to the detriment of lenders (CD rate hunters) and borrowers (the FIs)
JimDavis   |     |   Comment #56
First time at Navy FCU.

Any reason not to open one large CD using the 1k minimum type, since they are all the same interest rate, and you can do partial withdrawals if needed without running into the minimum balance issue (which will close the CD, if gone below)
tony hau
tony hau   |     |   Comment #57
Clever but complicated, and not sure it is legal.
111   |     |   Comment #61
Are we completely certain that Navy allows partial early withdrawals? Some CUs do not. In Ken Tumin's article above, I'm not seeing that it stated anywhere that it definitely allows them. (That would be an excellent question for someone to call about and post here, BTW.)
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111   |     |   Comment #67
OK, I broke down and called. They do.
Nothing   |     |   Comment #68
With 1 year EWP for non-IRA CDs and no EWP (for now, as it says when you call) for IRAs
NFCU partial withdrawals
NFCU partial withdrawals   |     |   Comment #69
#61 Please clarify on partial early withdrawals
Nonchalance   |     |   Comment #70
Navy Federal's customer service is nice as can be, but they know nothing about banking in general, or Navy Federal operations in particular; and they don't have access to information that might solve problems. I'd trade niceness for skill.
jimdog   |     |   Comment #71
People, longer term rates in the market have bottomed and are starting back up so I would not lock up a 5 yr. rate here. Don't let fear make you lock up a rate that will be higher in one year!
anonymous   |     |   Comment #72
Thanks to Navy FCU for this deal and thanks to Ken for posting it! We're already NFCU members and looking to lock up more long-term cash, so this came just at the right time. We have a CD ladder of sorts so I'm not too worried about rates going up more from here (actually, that would come in handy for CDs maturing next year).

If long-term CD rates go up a lot over the next few years (inflation kicks in, etc.), say by several percent, then I feel like 1 year EWP is a relatively small price to pay to lock in the higher rate. (Think of what will happen to 5-year bonds on that case. Their value would be much more sensitive to interest rate changes.)

In 2007 we were kind of lucky to lock in 5-year PenFed CDs at 6+%. Nobody knew if that was the top or where rates would go from there, but it sure made me sleep much better in the coming years, not having to worry too much about rates dropping to zero.
DavidC   |     |   Comment #73
Yes your rates are good for July. But for all of us with rates that suck wanting the better deal you’ll put a penalty of a hole years interest on our meer. savings. Don’t brag so much NFCU. If your concerned about members than lower those penalties. That’s one cheating members. Change now.
Nothing   |     |   Comment #74
David...where have you been from the Great R until 2 years ago? The EWP of 1 year for 1+% savings was nothing...David, save more and you'll need less interest! Preservation of principal over return on principal.
Navy Federal Adds 10-month Special CD, 2.75% APY w/Add-Ons
Deal Summary: 10-Month Special Certificate, 2.75% APY, $50 minimum, additional deposits up to $100k total balance.

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

It’s a good news/bad news Monday at Navy Federal Credit Union (Navy Fed). Might as well do the bad news first: Navy Fed’s 6-, 17-, and 40-month Special Certificates are no longer available.

The good news is there’s a new 10-month Special Certificate that can be opened with a minimum $50 deposit, but its 2.75% APY isn’t as competitive as the APYs offered...

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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.

The Celebration Certificate is also available as an IRA (Traditional, Roth, SEP, ESA), earning the...

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Navy Federal Introduces 17-Month Add-On CD Special, 3.25% APY
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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...

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Navy Federal Debuts 40-month IRA Certificate Special
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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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