Featured 1-Year CD Rates

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Featured Accounts
2.15*%$100k-Navy Federal Credit Union7 Year CD
OTHER TIERS: 2.10% $1k - $100k
2.10*%$100k-Navy Federal Credit Union6 Year CD
OTHER TIERS: 2.05% $1k - $100k
2.05*%$100k-Navy Federal Credit Union5 Year CD
OTHER TIERS: 2.00% $1k - $100k
1.85*%$100k-Navy Federal Credit Union4 Year CD
OTHER TIERS: 1.80% $1k - $100k
1.80*%$100k-Navy Federal Credit Union3 Year IRA (Traditional, Roth, SEP)
OTHER TIERS: 1.76% $1k - $100k
1.60*%$100k-Navy Federal Credit Union24 Month CD
OTHER TIERS: 1.55% $1k - $100k
1.45*%$100k-Navy Federal Credit Union18 Month CD
OTHER TIERS: 1.40% $1k - $100k
1.30*%$100k-Navy Federal Credit Union12 Month CD
OTHER TIERS: 1.25% $1k - $100k
0.85*%$100k-Navy Federal Credit Union9 Month CD
OTHER TIERS: 0.80% $1k - $100k
0.75*%$100k-Navy Federal Credit Union6 Month CD
OTHER TIERS: 0.70% $1k - $100k
0.55*%$100k-Navy Federal Credit Union3 Month CD
OTHER TIERS: 0.50% $1k - $100k
Accounts mentioned in this post. Rates as of August 21, 2017.

Long-Term CD Rates Fall at Navy Federal But Remain Competitive


Over the last year, long-term CD rates have fallen the most, and as a result, the best long-term CD rates are less than a percentage point above the best short-term CD rates. That's the case at Navy Federal Credit Union which just made some more cuts to its long-term CD rates. The rates still remain competitive. Below are the new rates for the $100K deposit tier. I've also listed the change in basis points. These rates are listed at the Navy Federal certificates rates page as of 1/7/2013:

  • 2.00% APY 7-year CD (-15 bps)
  • 1.90% APY 6-year CD (-10 bps)
  • 1.74% APY 5-year CD (-11 bps)
  • 1.60% APY 4-year CD (no change)
  • 1.40% APY 3-year CD (no change)
  • 1.20% APY 2-year CD (no change)
  • 1.10% APY 18-month CD (no change)
  • 1.00% APY 1-year CD (no change)
  • 0.85% APY 9-month CD (no change)
  • 0.75% APY 6-month CD (no change)
  • 0.65% APY 3-month CD (no change)

These same rates also apply to IRAs and ESAs.

The smaller tiers had the same rate cuts. For example, the 7-year CD yield for a $1K minimum deposit fell from 2.00% to 1.85% APY.

It's interesting to see how these rates have changed over the last year. The long-term CD rates have fallen the most. In May, the top 7-year and 5-year CD yields were 2.75% and 2.25%. These are now 2.00% and 1.74%. The short-term CD rates are only 5 basis points lower.

Special EasyStart Certificate

If you review Navy Federal's certificate rate table, you may notice the EasyStart Certificate which has a 12-month term with a 3.00% APY. As you many have guessed, there are details that make this much less attractive. First, there's a maximum balance of $3,000. Second, it requires that you have a Navy Federal checking account and direct deposit of at least $300.

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.


Unlike PenFed, there's no association that can be joined to qualify for Navy Federal membership. To be eligible to join Navy Federal, 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.

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 $51.6 billion in assets and $37.2 billion in deposits. It has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 5.82% (excellent) based on September 2012 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).

How These CD Rates Compare

Before these rate cuts, Navy Federal had the best deal for 7-year CDs for those with balances of at least $20K. With a $100K balance, you could get a rate 15 bps higher than PenFed's 7-year CD. Now Navy Federal has no advantage over PenFed which has a 2.00% APY 7-year CD with a $1K minimum deposit. For shorter terms, PenFed has higher rates.

To get a 2% APY from an internet bank, you'll have to go with a 10-year term at Discover Bank. You can still get 2% APY with a 5-year term at a few institutions that are available nationwide. A couple all-access credit unions still have a 2% APY 5-year CD. The largest is Mountain America Credit Union. One small bank in Florida, Citizens State Bank, is offering a 2.05% APY 5-year CD that's available online to anyone in the nation.

The above rates are accurate as of the morning of 1/7/2013.

Searching for Top CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.

Related Pages: Navy Federal Credit Union, CD rates, IRA rates

Related Posts

bbug   |     |   Comment #1
You can still get good long term rates in IRAs by adding on to existing CDs. Once again, Navy Federal is accepting additions to existing IRA CDs, including Trustee to Trustee transfers, through April 30. It's not on their website, but I confirmed it by phone and have already faxed them a copy of their Trustee to Trustee transfer form.

I'm transferring funds from a CD which has one year to maturity into a Navy Federal CD which pays 3.4% and matures in 2018.

I have been assured by Navy Federal that, since I'm over 70 1/2 years old, I can withdraw any amount at any time for any reason without penalty, but would be happy to receive confirmation here from forum members.
Anonymous   |     |   Comment #2
bbug:  We have an account with Navy FCU and you are right in being sure to double check any info their reps give you.  When it comes to an IRA you can have different options but you have to make sure your withdrawal is handled in the right manner unless you want to get hit with tax on whatever you withdraw if it is done incorrectly.    What concerns me is their telling you you can take whatever you want as long as you are 70 1/2 years old. The 70 1/2 rule is for  Required Minimum Distributions which we have to start withdrawing and paying taxes on at that age.   Make sure the paperwork for the transfer is done correctly so that you don't get hit with paying taxes on what you are trying to "transfer" and it is not set up as an RMD for the year.  I did not get the idea that the funds from the other CD was an IRA.  I have never been able to add to any of our IRA CDs after they were open and before they matured.  This must be something unique with Navy FCU.  I would double check their paperwork and make sure I am not going to be hit with taxes on this transaction in any way.
Anonymous   |     |   Comment #3
We have been told the same thing about 70 1/2 withdrawl rights--Repeated to us by 2 other Navy FCU reps..more interestingly also told to us by Mgr. from Lockheed FCU (explained that 70 1/2 regulation can be interpreted by Credit Unions in different ways)... We feel somewhat confident but will be interesting to see what happens should we ever want to w/d money(besides yearly RMD) from acct.  We were also told the same by new acct. mgr from PenAir FCU.....also am going to try to trsfr into existing acct.  Thanks for interesting and thought provokiong post. 
bbug   |     |   Comment #5
#3 Thanks for the confirmation of Navy's policy re penalty free withdrawals.

#2 This is an IRA Trustee to Trustee transfer in an amount considerably more than the required minimum withdrawal- no tax.

#4 There is a $3000 maximum for the Easy Start 3% certificate.

Anonymous   |     |   Comment #4


Dear Mr Tumin,

Navy FCU has maintained the APY of 3% for a 1 year term certificate, called as "Special EasyStart Certificate" for last few quarters/years.  There are restrictions/conditions that one needs to meet to get this rate. I find it easy to meet the restrictions/conditions, and I've maintained the "Special EasyStart Certificate" for last few years with Navy FCU.

Yours Truly,
- Anonymous
Ricochet   |     |   Comment #7
#4........... What do you mean "maintained" for a few years. Isnt it a  1yr  intro offer to new members?

Anonymous   |     |   Comment #6


Dear bbug (anonymous) - #5,

>> There is a $3000 maximum for the Easy Start 3% certificate.

Indeed. ... In addition to this, they even require a monthly incoming deposit of $300 into checking to qualify.


On a slightly different topic, Navy FCU is offering 0% APR for 1 year, for a balance transfer to their credit card till February 28, 2013.  There is no fees for balance transfer.  If one has a large enough credit limit on the credit card, (and I have, shall I say, Aircraft Carrier Size credit limit with NAvy FCU *smile*) then it is quite easy to make the transfer to (say PenFed Credit Card), get the cash (into PenFed checking) and turn around and put that cash to work at Navy FCU and elsewhere!  I've done this sort of thing, also for a while.

Yours Truly,
- Anonymous
Anonymous   |     |   Comment #8


Dear Ricochet - #7,

What I mean by "maintained" is that when the term of 1 year gets over, I withdraw the interest, and roll-over principal $3000 into a Certificate at the same rate with the same account number.

Yours Truly,
- Anonymous
Ricochet   |     |   Comment #9
Ok , I didnt know it could be a rollover CD. Not worth $90 yr to me, but a nice Little perk for members.
Anonymous   |     |   Comment #10


Dear Ricochet - #9,

It may not be worth time/effort for one to do this merely for a single certificate.  But if one is doing regular banking at Navy FCU, and has different accounts there, then exactly as you put it, its a nice perk.  Actually this goes one step beyond the perk, as the principal of $3000 is actually the money I've borrowed from the Navy FCU atself, at 0% APR to start with!

Err ... If this isn't the proverbial "free lunch", then I don't know what is! *smile*

Yours Truly,
- Anonymous
Anonymous   |     |   Comment #13
Mike2...............There are 551 entitlements?? Wow, that's a lot. Do you have a list? Because I can see myself being a little lazy on occasion & I was wondering just what threshold of laziness needs to be met in order for me to qualify for some of these numerous entitlements. 
Anonymous   |     |   Comment #14
#13  It's one thing to be joking about entitlements but I don't think all people who qualify do it to scam the taxpayer.  Don't you really think the average person would much rather have good income from a job or on their savings than to have to depend upon his fellow taxpayer for support?  It just can't be as easy to qualify for these benefits as it seems from all the people getting them. 
Anonymous   |     |   Comment #16
You might also add to your list the affordable health care act that goes into 6th gear in 2014.  I suspect it will be on top of the list.
Anonymous   |     |   Comment #17


Dear Mike2,

If you are implying that the partiots who get "Veterans Benefits" and benefits under "GI Bill" after serving our country, after losing limb(s), after losing blood, are actually lazy then your views are quite repugnant and offensive.

Yours Truly,
- Anonymous

Paoli2   |     |   Comment #18
I definitely don't think people who get their Social Security, Medicare or SSDI should be considered in a negative way.  They have or had to pay for these through payroll deductions.  It's not their fault our government used the funds for other uses.  I don't consider these type payments, "Grants".
Anonymous   |     |   Comment #19
Some entitlements are obviously justified. But there is an effort get as many as possible dependent on government. And of course the ultimate way of achieving that is government health care.  The America that we knew is over. The liberals have the numbers and thus the power. But they will destroy the country eventually......and themselves with it. It's very sad for us conservatives. We don't have anywhere close to enough voters and never will. It's over. The best we can do is enjoy what little time we have left.....and enjoy the memories of a once great nation.
Anonymous   |     |   Comment #20
Where do you get the idea that there is an effort to make people dependent on the government.  Is this a result of listening to Rush Limbaugh or the folks at Fox news.  Most people want to pay their own way. 
Anonymous   |     |   Comment #21


Dear Anonymous - #19,

>> Some entitlements are obviously justified.

Right ... And this being America, where we have rule of law - what is important, is that every one of them is absoluetly legal,  irrespective of whether you find is justified or unjustified!

>> But there is an effort get as many as possible dependent on government.

Really?  ... Like how?

... Is there an effort to make a Veteran out of every American? (... I so no "draft").

... Is there an effort to make every American disabled? (... I see no squads running around amputing limbs of Americans.)

So ... how exactly this effort is going? 

... Next, who is conducting this effort?  .. The Senate? ... The House? ...  The Administration? ... The Supreme Court? ... or maybe .. The FOMC? *smile*

Yours Truly,
- Anonymous
Anonymous   |     |   Comment #22
Post #19 is absolutely RIGHT ON! 

It's right in front of our eyes, however some people are in the state of denial and refuse to see it.
Anonymous   |     |   Comment #23
To all of you who think that you paid into SS and Medicare and those no longer are entitlements, well, YOU ARE WRONG.
When you worked in your 50s, 60s, 70s and 80s and or up to today, you were paying for someone else who was retired at that time, not for yourself.
You only got working credits to serve you when you retire. If you are retired today, someone working now is paying for your accumulated working credits. The person who is paying your SS or Medicare bill is accumulating credits for his./hers retirement.
And that is what the Government calls it ENTITLEMENT (to collet on your working credit).
Entitlements can be and will be adjusted according to the demographics and present or future economic stability/ of the nation.
Congress never stopped calling SS and medicare entitlements,. Your contribution was already distributed in the past and only thing you can call retirement money are those you already saved in cash, IRA, Roth, pension and others.
Paoli2   |     |   Comment #24
#23  I know what their scheme was and still is but they took MY money and I have a right to get it back.  That was the deal they made us and if they ****ed up we should not have to pay for their mistakes.
Anonymous   |     |   Comment #25
Of course we have to pay for their mistakes, who else is going to?
Anonymous   |     |   Comment #26


Dear Paoli2 - #24,

>> I know what their scheme was and still is but they took MY money

They?  ... Who is "they"? ... I assume you mean the government. If so, then you seem to be disconsidering how the President Lincoln  described the government  ... For/Of/By the people.  So your assertion is wrong.  There is no "they" who took your money.  Per the laws, you (or may be the "DP" of yours who was employed), must have paid the money to our government as tax.

>> I have a right to get it back.

Really?  ... What "right" is that?  Surely it is not listed in any of the "Bill-of-rights".  So what right are you talking about my dear?

>> That was the deal they made us

Err ... Again, there is no "they", only us. And what deal was that?

>> if they ****ed up we should not have to pay for their mistakes.

No no no my dear.  They did not ****-up, but you did, alongwith your DP, and your neighbors, and your friends (if you have any), and your relatives, and your fellow citizens.  You (all) elected the successive governments over decades that allegededly has ****ed-up.  So take the ownership of your successvie governments, and learn to accept any mistakes made in your name by your representatives, and pay-up for such mistakes.

Yours Truly,
- Anonymous
Anonymous   |     |   Comment #27
I Received my Social Security check today and it says:


CDR USN-Ret   |     |   Comment #28
1. Navy FCU does allow additions to any IRA (only) CD from shortly after Jan 1 through April 30, 2013, minimum addition $500.00. The funds added may be IRA/401K/etc. Rollover funds, new IRA contributions, or funds from another account already in your IRA. This feature was available in 2012 as well as this year, 2013. It is likely that that this program will be repeated in 2014 and subsequent years, but check with NFCU for availability and actual open period after the first of the year.

2. Starting at the beginning of the year in which an IRA holder will reach age 70.5, funds may be withdrawn from any CD in an NFCU IRA (only) with no penalty for early redemption (other institutions may offer this feature, but I know of none).  In addition to withdrawing more than your MRD without penalty, this allows one to consolodate funds in one NFCU IRA CD into another NFCU IRA CD without an early redemption penalty, particularly advantageous if the receiving CD has a higher yield and/or a longer maturity. If funds are withdrawn from the IRA (i.e., not reinvested inside the IRA or as part of a rollover) then IRS rules take effect and the funds are are taxed.  Such a withdrawal can be treated as part (or all, if large enough) of Minimum Required Distributions, but if you have established automatic MRD payments then you must instruct NAVY FCU (and/or other institutions if you have multiplt IRAs) to change the automatic payments if so desired.

3. All of the above is based on actual experience, not just the representation of Customer Service Representatives (although in 40 years I've never been misinformed by a NFCU representative).

Anonymous   |     |   Comment #29
To consolidate Navy FCU IRA funds from a lower yielding C.D. to a higher yielding C.D. without a penalty, do you have to be age 70-1/2 or older to do this?