Available nationwide, at Navy Federal Credit Union, you’ll discover that a little bit goes a long way when you start saving early. Choose from their widest variety short-term certificate rates or long-term certificate rates. Navy FCU has Term CDs that offers competitive rates of 0.45% APY on a 3-Month CD to 2.05% APY on a 7-Year CD with opening deposits of as little as $1000 or as much as $100,000! In order to qualify as a Navy FCU member you must be affiliated in any way with the Armed Forces, DoD, Coast Guard or National Guard (see how to become a member below).
Since 1933, Navy Federal Credit Union has grown from seven members to over 6 million members. And since that time, their vision statement has remained focused on serving our unique field of membership:
“Be the most preferred and trusted financial institution serving the military and their families.”
Navy FCU HOT DEAL!
For a limited time you could get a very competitive rate of 2.00% APY on a special 17-month certificate! What a great rate for that term length! Open with as little as $50 and make additional deposits at anytime, but it only goes up to a $50,000 maximum balance!
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Navy FCU CD Information:
- Apply Now
- Account Type: Share certificates (CDs)
- Availability: Nationwide
- Credit Inquiry: Hard Pull via TransUnion
- Minimum Balance Requirement: $1000
- Additional Requirements: Must be a military affiliate (see how to become a member below).
- Early Withdrawal Fee: A penalty may be imposed if you make a withdrawal of principal prior to the maturity date.
- Auto-Renewal: Unknown
Navy FCU CD Terms:
This list is for the minimum deposit of $1k, check out how to earn up to 2.05% APY on higher deposits here.
- 0.45% APY for a 3-Month CD
- 0.55% APY for a 6-Month CD
- 0.65% APY for a 9-Month CD
- 1.05% APY for a 12-Month CD
- 1.15% APY for a 18-Month CD
- 1.25% APY for a 24-Month CD
- 1.50% APY for a 3-Year CD
- 1.60% APY for a 4-Year CD
- 1.80% APY for a 5-Year CD
- 1.85% APY for a 6-Year CD
- 1.95% APY for a 7-Year CD
Why You Should Apply for This Account:
Known Nationwide: Navy Federal Credit Union 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 6.7 million members and assets in excess of $78 billion.
Has an overall health grade of “A” at DepositAccounts.com, with a Texas ratio of 5.59% (excellent) based on September 30, 2016 data. In the past year, Navy Fed has increased its total deposits by $6.74 billion, an excellent annual growth rate of 14.09%.
Competitive Rate: At 2.00% APY, the 12-month CD account earns at one of the highest rates in the country for a short term CD. At 2.05% APY, the 7-year CD account earns at one of the highest rates in the country for a long term CD. Furthermore, APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding and dividends compounded daily, credited monthly.
Receive Guaranteed Earnings: As long as you keep your account open for the entire term length, you will earn at a competitive, steady interest rate that does not change.
NCUA Insured: You can feel confident in the bank knowing that your funds are insured up to the maximum amount of $250,000.
How to Become a Member:
As stated on the official website you must be affiliated in any way with the Armed Forces, DoD, Coast Guard or National Guard in order to qualify as a Navy FCU member. However, if you looking for another way to qualify, you can join the San Diego Council of the navy League because anyone can join the league! Through multiple confirmations from commentators, they have been able to become a member of Navy FCU through this route. Here are the steps to joining:
- Visit the Navy League membership page to join the San Diego Council of the Navy League.
- Click on the “join/renew” button to begin the online application. Make sure to enter “San Diego” in the “preferred council” box! Minimum membership is $25 for E-membership.
- Once you’ve gotten confirmation of your San Diego Council of the Navy League membership, provide proof when applying to become a Navy Federal Credit Union member.
- Complete the Navy FCU paper application here, instead of the online application.
- Email or fax all the appropriate application(s) and documentation to: Fax number 1-703-206-4600 and/or email address MembershipDocs@navyfederal.org.
- To expedite the application process, call Navy Fedederal Credit Union. Once the accounts are opened, you can make your first deposit by phone.
It’s easy to sign up for Navy Federal Credit Union online CD account, and it’s easy to convert your earnings into cash – interest can be deposited directly into another account. At a competitive rate of 2.00% APY for a 12 month CD. Remember there are no maintenance fees with their CDs but you’ll have to deposit at least $10,000 to get the account started. If you are trying to earn interest on a competitive CD rate, get started today on your online application for Navy Federal Credit Union. If you want to check out other offers, take a look at the list of the Best CD Rates in the country!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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