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Navy Federal CU's 18-month CD Offers Competitive Rate


UPDATE 8/6/2015: August Special - 0.50% rate increase when opening a new CD. See details below.

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

Navy Federal Credit Union (Navy Fed) began August by raising the rate on its 18-month CD (1.25% APY for $100K+ deposits). This is the highest rate the 18-month CD has enjoyed since early 2012.

The minimum deposit is $1K and there is no balance cap. It is also available as an IRA (Traditional, Roth, and SEP), earning the same APYs at the same deposit levels.

1.45*%$100k-Navy Federal Credit Union18 Month CD
OTHER TIERS: 1.40% $1k - $100k
1.45*%$100k-Navy Federal Credit Union18 Month IRA (Traditional, Roth, SEP)
OTHER TIERS: 1.40% $1k - $100k
Accounts mentioned in this post. Rates as of August 17, 2017.

The 18-month CD has three different APYs based on deposit levels.

  • 1.15% APY - $1K+
  • 1.20% APY - $20K+
  • 1.25% APY - $100K+

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

If the term to maturity is greater than one year, the amount forfeited is equal to the lesser of:

(1) all dividends for 180 days on the amount withdrawn, or

(2) all dividends on the amount withdrawn since the date of issuance or renewal.

0.50% Rate Increase When Opening A New CD

While not easily found on Navy Fed’s website, there is a 0.50% rate increase promotion available to all Navy Fed members.

  • Use promo code CERT2015 to receive a 0.50% increase to current rate when opening a new CD.
  • Promo code can only be used once by members.
  • Promo code valid for the month of August.
  • IRAs, ESAs, and renewing CDs not eligible.

Many thanks to the Anonymous DA reader who posted this deal in the Forum.


Not to be confused with PenFed's almost universal membership eligibility, 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.

You must be able to answer "Yes" to one of the following questions to qualify for Navy Federal membership.

  • Are you currently serving as an Active Duty or reservist personnel for the DoD, Coast Guard, or National Guard?
  • Are you a Military Officer Candidate?
  • Are you a Military Recruit and/or part of the Delayed Entry Program (DEP)?
  • Are you a Department of Defense Civilian?
  • Are you a retiree receiving an annuity from the DoD, Coast Guard, or National Guard?
  • Are you a U.S. government Civilian (including Coast Guard) assigned to a DoD installation?
  • Are you a DoD contractor assigned to a U.S. government installation or facility?
  • Are you a family member of one of the previously mentioned individuals?

Joining Navy Fed and/or opening a CD can be done online or at any of 254 branches located in 29 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 5.17% (excellent) based on March 31, 2015 data. In the past year, Navy Fed has increased its total deposits by $4.31 Billion, an excellent annual growth rate of 10.21%. 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 Federal has grown from its initial seven members in 1933, to over 5.6 million members and assets in excess of $69 Billion.

How the CD Compares

When compared to the 99 similar length-of-term CDs tracked by DepositAccounts.com that are available nationwide, the APY on Navy Federal Credit Union's 18-month CD ranks second, regardless of minimum deposit requirement.

If the August promotional 0.50% rate increase is used to open the 18-month CD, the resulting APY places the 18-month CD at the top.

The above rates are accurate as of 8/4/2015.

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

Related Pages: Navy Federal Credit Union

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Anonymous   |     |   Comment #1
Got an email from Inova today offering a 30-Month CD Special  @ 1.50% - no thanks.
Anonymous   |     |   Comment #2
On FatWallet Forums it stated that Navy FCU also offered .5% to new CD's, one time only.  If this is true then the 18 mo 1.25% CD could get bumped up to 1.75%.  Gotta check this one out!
Carpline   |     |   Comment #3
I read that on FatWallet also, but I don't see anything on NFCU's website about it.  Did you have a link?   Thanks!
J_Norton   |     |   Comment #4
This promo that adds 0.5% to the current rate of any term CD is a great deal. I signed up for a 3 year at 1.6+0.5= 2.1% !!!
Jesperson   |     |   Comment #5
I joined Navy FCU yesterday online.  Today I opened a cd over the phone.  18 months at 1.75%.  Everything has gone smoothly so far.  Very impressed.
Anonymous   |     |   Comment #6
Jesperson do you live on east coast.  I was told by Navy rep that was only for east coasters
Jesperson   |     |   Comment #7
Yes.  North Carolina
Anonymous   |     |   Comment #10
I was told only in the midwest
Anonymous   |     |   Comment #8
Can a NFCU CD be opened over the phone with funding from a different financial institution? It's seems to open a CD online, the funding needs to be from a NFCU account so they ask you to transfer funds from the external institution first before a CD can be opened online.
Anonymous   |     |   Comment #9
.50% added only in certain regions
Anonymous   |     |   Comment #11
if you used this code in march is it still valid?
Anonymous   |     |   Comment #12
The certificate code CERT2015 is the same as the promotion offered in March 2015. It is considered the same promotion and can only be used once.