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 on the newly-departed Special Certificates. The 10-month Special Certificate also offers additional deposits throughout the term, but the total balance is capped at $100k.

2.75%$50-Navy Federal Credit Union10 Month Special Certificate
2.75%$50-Navy Federal Credit Union10 Month Special ESA Certificate
2.75%$50-Navy Federal Credit Union10 Month Special IRA Certificate (Traditional, Roth, SEP)
Rates as of May 21, 2019.

The Special 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 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Certificates with a one-year term or less: Forfeiture of all dividends on the amount withdrawn for 90 days or since the date of purchase or renewal (whichever is less).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, Sylvia, for posting this new product in the Forum.


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 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 10-month Special 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 6.54% (excellent) based on December 31, 2018 data. In the past year, Navy Fed has increased its total non-brokered deposits by $7.48 billion, an excellent annual growth rate of 11.91%. 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 $96 billion.

How the Special Certificate Compares

When compared to 214 similar length-of-term CDs tracked by that require a similar minimum deposit and are available nationwide, Navy Federal Credit Union’s 10-month Special Certificate APY only ranks seventh. While the additional deposit feature adds to the Certificate’s competitiveness, the $100k balance cap may dampen any enthusiasm for this new product.

Interest RateCD Length of TermCredit Union/Bank
3.00% APY12-Month CD ($10k min/no max)CD Bank
2.89% APY1-Year Senior Citizen CD ($2.5k min/no max)State Bank of India (IL)
2.85% APY1-Year Term CD ($1k min/$500k max)Rising Bank
2.75% APY10-month Special Certificate ($50 min/$100k max)Navy Federal Credit Union

Another way to compare the Certificate Special would be to think of it as a savings account with a 10-month rate guarantee and a relatively low balance cap. When compared to the nationally available Savings Accounts tracked by having a minimum balance requirement of $1k or lower, Navy Federal Credit Union’s 10-month Special Certificate APY currently ranks first.

Interest RateAccount NameCredit Union/Bank
2.75% APY10-month Special Certificate ($50 min/$100k max)Navy Federal Credit Union
2.48% APYHigh-Yield Savings Account ($100 min/$10m max)Comenity Direct
2.47% APYHigh Dividend Savings ($500 min/no max)USALLIANCE Financial

The above rates are accurate as of 4/29/2019.

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

To compare the top savings account rates, both nationwide and state specific, please refer to our Savings Account Rates Table page.

Related Pages: 1-year CD rates, nationwide deals

Hoody   |     |   Comment #1
"Nomura: The Fed Will Go Large; Expect A 50bp Cut Out Of The Gate... And Soon"

got your CD's locked yet? :)

Gee I hope its not going to end up another 10 years of 2%'s this time, while we're told there's no inflation, smirk......
Robb   |     |   Comment #2
@Hoody...yeah that is why those add-on CD's are so valuable. Insurance should the unthinkable occur.
dBoy   |     |   Comment #3
Is there a list of the top add-on CD's available somewhere?
???   |     |   Comment #4
type " no penalty " in the search bar at top of pAGE
dBoy   |     |   Comment #5
Thanks. Are add-on CD's the same as no penalty CD's?
Go Navy
Go Navy   |     |   Comment #8
No, they are not the same. At least mine are not add-on.
hank   |     |   Comment #10
I don't know about a list, but I did open a 3.25 percent 5 year with freedom cu with the minimum 500 dollars so I can add on if rates go down further
#11 - This comment has been removed for violating our comment policy.
Robb   |     |   Comment #12
Good pull Hank...looks like their 5 year is now down to 3% upon checking their site.
Never Trump Republican
Never Trump Republican   |     |   Comment #6
Locking in this small a rate, for this short a time, does not make sense.

However, in this small a rate for this short a time, for this small an amount does !!     :-)
Go Navy
Go Navy   |     |   Comment #9
Nah. It does not shiver me timbers. I'll just go with 2.80% for 12, someplace else.
Jennifer   |     |   Comment #7
I locked in their very generous 40 month IRA CD special that allows "add on's". Did it just by doing a direct transfer of 100 bucks from another IRA elsewhere!
deplorable 1
deplorable 1   |     |   Comment #13
No biggie I'll just do the 6 month GTE CD's with a 3% cashback card and earn some tax free cash instead.
Robb   |     |   Comment #14
D1 Trump going off the rails again this afternoon regarding interest rates/the fed:

"China is adding great stimulus to its economy while at the same time keeping interest rates low. Our Federal Reserve has incessantly lifted interest rates, even though inflation is very low, and instituted a very big dose of quantitative tightening. We have the potential to go up like a rocket if we did some lowering of rates, like one point, and some quantitative easing. Yes, we are doing very well at 3.2% GDP, but with our wonderfully low inflation, we could be setting major records &, at the same time, make our National Debt start to look small!"
111   |     |   Comment #15
D1 - What's your guess about how much longer that GTE offer will be there? GTE website says the associated "cruise" offer extends only through today.
deplorable 1
deplorable 1   |     |   Comment #19
I think the cruise offer will go but the 6 month CD rate should remain. 1.26% isn't a good rate but with cc funding it can't be beat. Even with a 2% card it works out to 5.26% APY(6 mo. x 2) and 4% of that yield is tax free.
#17 - This comment has been removed for violating our comment policy.
Hoody   |     |   Comment #16
This is starting to get a little crazy.....

"With S&P At All Time Highs, Trump Demands Fed Slash Rates By 1% As FOMC Meeting Begins"
"Just in case he hadn't already made his position re: interest rates clear to the FOMC, President Trump apparently wanted to make sure policy makers know their place shortly after their two-day meeting began on Tuesday.

After calling for QE4 and rate cuts earlier this month, Trump is now calling on the central bank to slash interest rates by a full percentage point, which would bring the Fed funds target rate back to 1.25%-1.5%, a level it hasn't seen in more than a year."
#20 - This comment has been removed for violating our comment policy.
Navy Federal Offers 6-Month CD Special, 3.00% APY
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.

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
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...

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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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