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Navy Federal Credit Union’s Hot Share Certificate Promotion


Availability: Nationwide, but there are membership restrictions

Navy Federal Credit Union (Navy Fed) has a very nice certificate special. Members can receive a 0.50% (50 basis points) increase to the prevailing certificate dividend rate on a new share certificate purchase. IRAs, ESAs, and renewing certificates are not eligible for this offer. This promotion is not currently listed at Navy Fed’s website. Some readers mentioned that they received notice of this offer from a Navy Fed email. When I called yesterday, I was told the offer was only for members in Western states. Apparently, they received so many inquiries about the offer, Navy Fed decided to open it to all members. I confirmed this with a call late yesterday. Thanks to DA readers who emailed me and commented about this deal.

According to the Navy Fed CSR, the promotion is valid only for March, but they reserve the right to end the offer at any time. When you open the CD, you must use the promotion code CERT2015. Members are allowed to use this promotional code only once.

I was told by the CSR that you can open the CD special at a branch, by phone or on the website. If you apply on the website, I was told that you’ll want to use the "open now" button for "Members without Account Access". This application has a promo code box where you can enter CERT2015 (see snapshot of application). It doesn’t offer an option to fund the account with an ACH transfer. The only option listed is to fund the account with money in one of your Navy Fed liquid accounts. I was told that you can fund the special CD with an ACH transfer if you call. To ensure the special CD is opened correctly, I think it’s wise to call.

If Navy Fed’s currently listed CD rates hold, this bonus rate makes most all of Navy Fed’s CDs a very good deal. With a deposit between $20K and $100K, you can earn the following bonus rates as of 3/5/2015:

  • 2.70% APY 7-year CD
  • 2.60% APY 6-year CD
  • 2.50% APY 5-year CD
  • 2.05% APY 3-year CD
  • 1.80% APY 2-year CD
  • 1.60% APY 18-month CD
  • 1.40% APY 1-year CD

You can earn an extra 5 basis points for deposits of at least $100K. Deposits between $1K and under $20K earn a rate that’s 5 basis points less.

The early withdrawal penalty is up to 180 days of interest for terms over one year and up to five years. It’s up to 365 days of interest for terms over five years, and up to 90 days of interest for terms of one year and under. Please refer to Navy Fed’s Combined Certificate Disclosures (pdf) for the full details.


Unlike PenFed’s almost universal membership eligibility through joining an association, Navy Fed’s membership is strictly for individuals who are connected to the military.

Navy Fed’s "How to Become a Member" page very clearly qualifies individuals through a series of questions.

Opening an account at Navy Fed can be done online or at any of 254 branches located in 28 different states, the District of Columbia, and Guam.

Credit Union Overview

Navy Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 5.52% (excellent) based on December 31, 2014 data. In the past year, Navy Fed has increased its total deposits by $4.13 Billion, an excellent annual growth rate of 10.32%. Please refer to our financial overview of Navy Federal Credit Union for more details.

Navy Federal Credit Union (NCUA Charter # 5536) is considered to be the largest credit union in the world. Headquartered in Vienna, Virginia, Navy Fed has grown from its initial seven members in 1933, to over 5 million members and assets in excess of $63 Billion.

How the CD Rates Compare

All of the terms that I listed above easily beat the best CDs that are nationally available from other credit unions and banks. To review the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

Related Pages: CD rates, Navy Federal Credit Union

Related Posts

Purplesage   |     |   Comment #1
"If you apply on the website, I was told that you’ll want to use the "open now" button for "Members without Account Access". This application has a promo code box where you can enter CERT2015. It doesn’t offer an option to fund the account with an ACH transfer."

Ken, I didn't notice a "promo code box" on that application. It also has a link to click on to "transfer money from another financial institution".
Anonymous   |     |   Comment #2
Purplesage   |     |   Comment #3
Appears to be the same application form.
CTRX   |     |   Comment #4
I think that one has the Promo code box on it though. Are you not seeing that?
Ken Tumin
Ken Tumin   |     |   Comment #10
Yes, that's the online app that I was referring to. I added a snapshot of this in the post with the promo code box highlighted.
Hoody   |     |   Comment #6
OK well I guess there must be some mis understanding, I just got back from my local branch here in VA, the rep I talked to didn't know anything about it, he called his rep, who said it was only on the west coast area, nothing about here ion the east coast.

He did say that there may be some promo coming here in June that may be better, who knows, but he said it was like a regional promo thing.

I asked him to come here to this site and post that info so others know about that from a regular NFCU rep.

So for now I guess I hold fast on my plan.
Hoody   |     |   Comment #7
lol well gezus H, OK so the guy just called me back and said NOW he found the promo code that DID open it to ALL members, geesh.... ok disregard my top comment :)

I told him to now show how smart he was and call his rep back to inform them lol.
Anonymous   |     |   Comment #8
I WAS JUST MISINFORMED ABOUT THE SAME THING. Wish they'd get their act together!
Hoody   |     |   Comment #9
(smirk) I hear that, lol, problem is the HQ has yet to disseminate the info down, the only way seems they are even informed is if someone like myself goes directly to a local branch and inquires about it, otherwise they have no clue.

Also the only way right now they can get it done here is to go through the process and use the promo code when they do the paperwork so it goes through, and the only way they get it (right now) is by the rep that is helping you goes on-line and gets the code to put on your paperwork. At least till they get some normal channel heads up that its cool.
Purplesage   |     |   Comment #16
I opened a 5-year share certificate this morning by phone with the promotional .50% added.  I got a great customer agent that was knowledgeable regarding the promotion and the special application. The new account information will appear on my online account on Tuesday. I just received email confirmation on opening the share certificate.  Thanks to those that posted comments to this blog page regarding the special offer from Navy Federal CU. They really helped.
FDIC guy
FDIC guy   |     |   Comment #17
I just opened a three year share certificate the same way. The customer agent knew immediately what I was inquiring about and the transaction went smoothly.  I've been with Navy Federal for years, but I wouldn't have known about this special offer if I hadn't read about it here. Thanks Ken.
SENIOR   |     |   Comment #18

I have no military connection but all my family and ancestors fought in every war except the Spanish American.  One wounded in Iwo Jima.   Is there anyway I can become a member?  Thanks Betty
Purplesage   |     |   Comment #20
Joining Through a Family or Household Member?
    Family and household members will be referred to as 'sponsors' (the persons through whom you are eligible for membership) throughout the application process. If you are using a sponsor for membership eligibility, you will need to provide the following information:
  • Sponsor's last name
  • Sponsor's Access Number or last four digits of sponsor's Social Security Number
    and date of birth
  • Sponsoring member's affiliation (e.g., Army, Air Force, Contractor)

Anonymous   |     |   Comment #19
Same here!  But, I opened the 18mo CD at 1.65% (bonus rate).  I have been a member for several years, so I received an e-mail explaining the bonus rate.  I called a Rep and she was great and I had her take the funds out of Alliant CU checking to open the CD.
Hoody   |     |   Comment #25
yup Just got done with the paperwork, only thing is I don't have the certificate number yet, he said it would be on the final form, or email, but its done, also took the 3yr deal, I have a 2yr one coming due next month as it is and this one was on time to replace it. will just have to move the one due out again to stay under the Ins limit.

Will rates go up this year, who knows.. got used to these rates , so I'm OK for now. And Navy is the only game in this town between Wells and suntrust, which are competing for dead last in the rate game lol.
Anonymous   |     |   Comment #21
Although I was on active duty with the US Army and spent time in the army reserves, for a combined total of six years, it is my understanding that, since I am not entitled to receive a pension or similar benefits for my past service, I do not qualify for membership in NFCU. Does anyone know of an exception to this rule? 
Anonymous   |     |   Comment #22
Aren't you entitled a burial benefit, i.e. a very small pension?  Are you entitled to VA educational benefits...a form of annuity.  Call them...see if they "really" want to turn down a veteran of whatever time of duty.
Anonymous   |     |   Comment #23
That will not work. If NFCU wanted to expand its field of membership, they could add a few charitable organizations anyone can join. That's what Pentagon Federal has done. However, I don't foresee NFCU following suit because its relatively strict membership requirements haven't prevented it from growing into an enormous depository institution.
Anonymous   |     |   Comment #24
Never know until one asks the "right" person!
Anonymous   |     |   Comment #26
You are correct #23. Navy Federal is the largest credit union in the United States, both in asset size and in membership. As of August 2014, Navy Federal had over $60 billion USD in assets, and over 5 million members. Why would they want to change their membership eligibility?
Hoody   |     |   Comment #27
watched some money show and looks like a 250+ point drop in the market , just cause they "think" the rates may go up, lol, what they gona do if they do go up just .25  in June
Anonymous   |     |   Comment #28
10 Year Treasury yield went up today.  Now at 2.24%.  Next thing going up will be cd rates.  I hope anyway.
Anonymous   |     |   Comment #29
Terrible institution. And, um.. what's this "extra .5% for members?" Don't you have to BE a member in order to get the CD in the first place? So EVERYONE is a member. Or do you just have to tell them that you know about it and ask for the rate increase? I am so done with NavyFed. They're the worst in every way. The ONLY good thing about them is that they allow you to add additional funds to IRA-only CDs (only for the months of Jan-April, only up to that year's maximum contribution levels). That's it. (And apparently this "special" is not good for IRA CDs). In every other way, Navy is a terrible, bumbling, backwards operation. I'm a member but don't do anything with them unless they have an out-of-this-world deal. Otherwise, I take my funds elsewhere where I'm treated right, and the rates and service are better. Once every couple years a good deal from them comes along and I grudgingly move some funds to them (and watch them **** up yet again), but this certainly isn't worth it. Look elsewhere, at better credit union, folks.
Anonymous   |     |   Comment #30
We take the best rates when we can get them. Sorry for your bad experience with NFCU.
Anonymous   |     |   Comment #31
Thanks all.   All my vets are dead and I don't think any of them had an NFCU account.    I too thought I might get lucky and I have called a half dozen times.  Not defeated yet.   Senior
Anonymous   |     |   Comment #32
No luck for me either, Senior  Even though I was on active duty, I can not join NFCU since I was not on active duty long enough to qualify for a pension or disability benefit. I just thought there might be some sort of exception to their general rule, but apparently not.
Anonymous   |     |   Comment #33
I wonder why this .5% bump up on the rate is not shown on Navy's specials tab on certificate rates?  Seems odd to me, but appears to be a secret offering.   I suppose if one that did not know about this when buying a cd, Navy would probably not offer to give them the extra .5%?
Hoody   |     |   Comment #34
yup, but as I said in my case, I had to go to my local branch and "inform" the rep there myself, he (they) didn't have any clue about it themselves, I actually gave him this site to print out the narrative and take it to his boss lol, than they somehow got the info that it was for real.

maybe in some other branch they may know, but act dumb and as you say and not even mention it or offer it, by now they should all know about it on the east coast.

I just checked my mnymkt, and the funds are still in there as of today, so they haven't yet funded the new CD, which I opened Friday early afternoon, we'll have to see how it turns out. I did say that IF this deal falls apart, I will close it and NOT pay any penealty. But its still a bit early, so I can wait another day or so.
Anonymous   |     |   Comment #35
If they told you that you would get the .5% extra rate, I think you will get it.  I called Navy and the representative was aware of this offer.  I suppose not making it public knowledge on the Navy website is the reason for the confusion.  Still a mystery to me on the way they are handling this though.