Just got off the phone with them. All those 15 month special cds from last year are maturing and causing a backup if you are withdrawing your funds.
I think the Average DA user's Dollar moves... every time a CD matures.
I too have a Navy CD that will mature soon, and the little dollars in it have been fidgety, asking to be moved to another place where the rates are higher and the grass is greener. What would I be if I didn't indulge them? So right now the little tykes are looking at two possible destinations, dependent upon what happens at the start of the month. But they are definitely eager to leave their current NavyFed nest.
Navy is probably seeing a lot of funds leaving them now, which may explain why they extended their 4.7% add-on until June 9th -- and specifically let us all know it'll be ending then (just ask any CSR, they'll confirm the date), to try to entice those with maturing 15 month CDs this week to take the rate cut from 5% down to 4.7% and keep it at Navy. I didn't, I found a better place, but did open up a couple of the 4.7% add-ons for the minimum just as insurance.
If your Navy CD is about to mature, remember that you can get a cashier's check at the branch (free if it's made out to you) to take elsewhere, or if you've linked a Navy checking or Money Market Savings Acct with a good hub bank elsewhere you can pull the funds out from elsewhere using ACH (Navy won't allow you to pull from their normal savings accounts, but allow it from a checking or MMSA).