Navy Federal Credit Union CD rates

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Navy Federal Credit Union CD account options are available only to members. To join, you must be Department of Defense personnel, a current or retired member of the armed forces or their family and household members.

Navy Federal Credit Union offers a range of CD terms and requires low minimum deposits.

Navy Federal Credit Union earned a 3.7 out of 5 in Bankrate’s overall rating of the bank.

Navy Federal Credit Union CD rates

Navy Federal Credit Union has one of the most unique CD products available with a high APY, the Special EasyStart Certificate featuring an APY as high as 3.5 percent. The catch is that the CD places a limit on the maximum purchase (only $3,000); plus, it requires checking and direct deposit to activate. With a minimum deposit of only $50, though, this product can be a good starter CD for people like college students and entry-level workers.

Here are Navy Federal Credit Union’s CD rates as of July 31, 2020.

Short-term CD rates

Term $1K minimum APY $10K minimum APY $20K minimum APY $50K minimum APY $100K minimum APY
3 months 0.50% 0.50% 0.50% 0.50% 0.55%
6 months 0.75% 0.75% 0.75% 0.75% 0.80%
9 months 0.75% 0.75% 0.75% 0.75% 0.80%
12 months 1.05% 1.05% 1.05% 1.05% 1.10%
18 months 1.10% 1.10% 1.10% 1.10% 1.15%
24 months 1.10% 1.10% 1.10% 1.10% 1.15%

Long-term CD rates

Term $1K minimum APY $10K minimum APY $20K minimum APY $50K minimum APY $100K minimum APY
3 years 1.20% 1.20% 1.20% 1.20% 1.25%
4 years 1.20% 1.20% 1.20% 1.20% 1.25%
5 years 1.25% 1.25% 1.25% 1.25% 1.30%
6 years 1.25% 1.25% 1.25% 1.25% 1.30%
7 years 1.25% 1.25% 1.25% 1.25% 1.30%

Other CD rates

Account Term APY Minimum deposit
3-Year Variable Rate Certificate 3 years As high as 0.46% $500
EasyStart Certificate 6-24 months As high as 0.95% $50
Special EasyStart Certificate* 12 months As high as 3.50% $50
SaveFirst Account 36-60 months As high as 0.50% $5

*Maximum deposit of $3,000.

How Navy Federal Credit Union compares to top-yielding banks

Navy Federal Credit Union’s Standard Certificate has a very high APY compared to other top-yielding bank CD rates.

Plus, it’s difficult to find a better starter CD option than the Special EasyStart Certificate, with an APY as high as 3.50 percent and a minimum deposit of just $50.

Other savings options at Navy Federal Credit Union

Navy Federal Credit Union also offers a basic Savings Account with an APY as high as 0.25 percent, with no minimum deposit and no term requirement. Another option is the Money Market Savings Account and Jumbo Money Market Savings Account, with an APY as high as 0.9 percent, with no minimum deposit and no term requirement.

Featured image by kali9 of Getty Images.