Navy Federal Credit Union CD rates are well above the national average, with its highest rates being 4.35%. And members can take advantage of several kinds of CDs, or share certificates, with terms ranging from three months to seven years, depending on their savings goals. Compare Navy Federal CDs to some of the 澳洲幸运5开奖号码历史查询:best high-yield CDs on the market.

Compare Navy Federal CD Rates

While Navy Federal does offer competitive rates on some of its CDs, some online banks may offer higher CD rates. But there are other benefits to banking with the not-fo﷽r-profit credit union ꧂that are worth considering.

Navy Federal CDs: Key Features

Navy Federal’s CD rates are above average. Yet the interest rate you could earn on your savings isn’t the only factor that matters when choosing a CD. It’s important to research other key features that Navy Federal’s 澳洲幸运5开奖号码历史查询:share certificates offer. 

All of Navy Federal’s share certificates have a minimum deposit requirement that ranges from $50 to $100,000, depending on the type of🌊 CD (and the annual percentage yield you hope to earn from the credit union in return for your deposit). With the credit uni💫on’s short-term and long-term certificates, making a deposit of $100,000 or more may help you earn a slightly higher APY on your savings (depending on current rates). 

Here are the early redemption penalties 🗹Navy Federal charges its members. 

• CD terms of 1 year or less: Lose all dividends on the amount you withdraw for 90 days or from the date of purchase or renewal—whichever is less.
• CD terms over 1 year: Lose all dividends on the amount you withdraw for 180 days or from the date of purchase or renewal—whichever is less.
• CD terms of 5 years or higher: Lose all dividends on the amount you withdraw for 365 days or from the date of purchase or renewal—whichever is less.

Pros and Cons of Navy Federal CDs

Pros Explained

• Competitive interest: Navy Federal CD rates reach 4.35%, which is higher than what many other CDs offer.
• Flexible terms: You can find a variety of term lengths in Navy Federal CDs, from three months to seven years.
• Lower early withdrawal fees: Like with most CDs, you will pay a penalty if you withdrawal your funds early, but Navy Federal's fees are lower than many.

Cons Explained

• Must qualify for membership: You must be a member of Navy Federal Credit Union to invest in its CDs. Membership is open to military members, veterans, and their families.
• May find higher rates elsewhere: While Navy Federal Credit union does offer relatively high rates on its CDs. If interest rates are your top priority, you can likely find even higher rates by shopping around.

About Navy Federal Credit Union

Navy Federal Credit Union, established in 1933, is a full-service credit union that serves military members, veterans, and their families. Founded during the Great Depression, the not-for-profit federal credit union has grown from humble beginnings to become the largest credit union in the world with over 12 million members.

Because Navy Federal is a 澳洲幸运5开奖号码历史查询:credit union and not a bank, you must become a member before you can open a share certificate or other financial accounts. Members of this federal credit union have access to many financial products and services, including share certificates similar to the 澳洲幸运5开奖号码历史查询:certificates of deposit (CDs) available from traditional and online bankℱs. Navy Federal has stricter membership requirements than some other credit unions. 

To be eligible for membership, you must fit into one of the following categories: 

• Servicemember in any branch of the armed forces (active duty, retired, or veteran)
• Department of Defense civilian employee
• Related to a member of the credit union

It’s also worth noting that NFCU has a small branch network. Despite its large membership numbers, Navy Federal only has around 350 branches worldwide. 

The federal credit union is known for offering competitive interest rates to its members. Not only can you get above-average APYs on CDs from Navy Federal Credit Union, qualified members can enjoy attractive interest rates on loans, credit cards, and other financing products. 

Alternatives to Navy Federal CDs

• High-yield savings accounts: If you’re willing to open an online savings account elsewhere, you may be able to earn higher rates than what Navy Federal offers. See the 澳洲幸运5开奖号码历史查询:best high-yield savings accou🎶ntౠ rates to compare how much you could earn.
• High-yield checking accounts: You may find relatively high rates with some checking accounts. Be aware of their requirements and limits. The 澳洲幸运5开奖号码历史查询:best high-interest checking a♈ccounts give you easy access to your money.
• Certificates of deposit (CDs): Navy Federal offers fairly competitive rates on its CDs. You can also choose from a range of 澳洲幸运5开奖号﷽码历史查询:CDs from o🔥ther financial institutions.
• Money market account: Money market account can also provide a return on your savings. Check the 澳洲幸运5开奖号码历史查询:best money market account rates to see how it compares.
• Treasury securities: These government-backed bills, notes, and bonds sometimes offer even higher rates than CDs and may be more liquid.

Frequently Asked Questions (FAQs)

Your Guide to CDs

• 澳洲幸运5开奖号码历史查询:What Is a Certificate of 🙈Deposit (CD)?
• 澳洲幸运5开奖号码历史查询:What Is a Brokered CD?
• 澳洲幸运5开奖号码历史查询:What Is a CD Ladder?
• 澳洲幸运5开奖号码历史查询:Pros and Cons of CDs
• 澳洲幸运5开奖号码历史查询:How to Invest With CDs
• 澳洲幸运5开奖号码历史查询:How to Open a CD
• 澳洲幸运5开奖号码历史查询:How to Close a CD
• 澳洲幸运5开奖号码历史查询:CDs vs. Annuities
• 澳洲幸运5开奖号码历史查询:CDs vs. Stocks
• 澳洲幸运5开奖号码历史查询:CDs vs. Mutual Funds
• 澳洲幸运5开奖号码历史查询:CDs vs. ETFs
• 澳洲幸运5开奖号码历史查询:CDs vs. Savings Accounts
• 澳洲幸运5开奖号码历史查询:Short-Term vs. Long-Term CDs
• 澳洲幸运5开奖号码历史查询:CD Rates News
• 澳洲幸运5开奖号码历史查询:Best 1-Year CD Rates
• 澳洲幸运5开奖号码历史查询:Best 18-Month CDs
• 澳洲幸运5开奖号码历史查询:Best Jumbo CD Rates
• Best 6-Month CD Rates
• 澳洲幸运5开奖号码历史查询:Best 3-Month CD Rates
• 澳洲幸运5开奖号码历史查询:Best Bank CD Rates