Navy Federal Credit Union offers a variety of certificate options with different terms and interest rates, allowing members to choose the option that best fits their savings goals and needs.
Navy Federal Certificates
APY Range
Minimum Deposit
Terms
Our Rating
Navy Federal Certificates CDs
APY Range
Minimum Deposit
Terms
Our Rating
Navy Federal Certificates Rates
The rates offered by Navy Federal can vary depending on several factors, such as market conditions, the length of the CD term, and the amount of deposit. The 3 month CD rate is quite high compared to other short-term CDs.
Overall, the rates are high compared to what you can find at traditional banks and inline with other credit unions and online banks. The 15-month special CD offers one of the highest CD rates in the market as of April 2025.
CD Term | APY |
|---|---|
3 Months | 1.50% – 1.55% |
6 Months | N/A |
12 Months | 4.00% – 4.05% |
18 Months | 3.80% – 3.85% |
24 Months | 3.60% – 3.66% |
36 Months | 3.70% – 3.75% |
60 Months | 3.50% – 3.55% |
84 Months | 3.50% – 3.55% |
15 Months (Special CD) | N/A |
How Much Can You Earn If You Deposit $10,000 Today?
The amount you can earn from a $10,000 deposit in a certificate of deposit (CD) will depend on several factors, including the interest rate offered by the financial institution, the term length of the CD, and the frequency of interest payments.
Using our CD calculator, you can calculate the anticipated earnings (before taxes), assuming interest compounds every day and there is no early withdrawal fee:
* Make sure to adjust APY, terms and deposit
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How Navy Federal Certificates Work
Customers have access to a wide selection of Certificates from Navy Federal. The minimum deposit, tier level, interest rate, penalties, and a host of other factors could vary between Certificates.
Navy Federal Certificates are a particular category of savings account that Navy Federal Credit Union offers. They often have a minimum opening deposit and give an interest rate that is higher than a standard savings account.
The CD terms are varied, between 3 months – 7 years. If you're looking for long-term CDs such as 5 year CD rates, you can find it with Navy Federal.
For the duration of the certificate, the interest rate is fixed, and the depositor can receive a higher rate than with a conventional savings account. Before the period expires, the depositor won't be able to take money out of the account without paying a fee.
To open a certificate account, you must be a member of Navy Federal credit union.
CD Term | Early Withdrawal Penalty |
|---|---|
3 Months | Dividends for 90 days
|
6 Months | Dividends for 90 days |
12 Months | Dividends for 90 days |
18 Months | Dividends for 180 days |
24 Months | Dividends for 180 days |
36 Months | Dividends for 180 days
|
60 Months | Dividends for 365 days
|
84 Months | Dividends for 365 days |
15 Months (Special CD) | Dividends for 180 days
|
Navy Federal Certificates Rates vs Savings Rates
Navy Federal provides savings accounts in addition to checking accounts since it is a highly competitive credit union.
The savings accounts have a few significant differences from a Certificates account with Navy Federal The interest rates will be much lower, first and foremost. The current interest rate for a Navy Federal savings account is 0.25% APY, which is significantly less than what is offered for certificates or even for other savings accounts.
However, the minimum deposit for savings account is lower than the required minimum for Navy Federal CDs.
CDs | Savings | |
|---|---|---|
APY | 4.05% | 0.25% |
Minimum Deposit | $1,000 | $5 |
Fees | $0 | $3 per quarter (waived if your balance over $50) |
About Navy Federal Credit Union (NFCU)
Navy Federal Credit Union (NFCU) is a not-for-profit credit union based in Vienna, Virginia. It is one of the largest credit unions in the United States, serving over 9 million members globally, with a strong focus on serving members of the United States military and their families.
Navy Federal Credit Union offers a wide range of financial products and services, including checking and savings accounts, loans, mortgages, credit cards, and investment services. The credit union operates over 300 branches worldwide and provides 24/7 access to its services through online and mobile banking.
How We Rate Certificates of Deposits: Our Methodology
The Smart Investor team has thoroughly examined certificate of deposit (CD) offerings from various banks, considering multiple factors to provide a comprehensive evaluation. Here's how we rated them across four key categories:
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CD Rates (50%): We meticulously analyzed the interest rates offered by each bank on their certificate of deposit (CD) products. Higher ratings were awarded to banks offering competitive rates that provide maximum returns for customers' investments. Factors such as the yield curve, current market conditions, and consistency of rates were considered to assess the attractiveness of each bank's CD rates.
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CD Features (30%): This category evaluated the features associated with each bank's certificate of deposit offerings. Factors considered include the variety of terms available, early withdrawal penalties, minimum deposit requirements, and any additional features or benefits. Higher ratings were given to banks offering a diverse range of CD terms, reasonable early withdrawal fees, and flexible options to meet customers' investment needs.
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Customer Experience (10%): A positive customer experience is paramount, even when investing in CDs. We assessed each bank's performance in this area, considering factors such as the ease of opening a CD account, the responsiveness of customer service, and overall user satisfaction. Higher ratings were assigned to banks with efficient account opening processes, helpful customer support, and a track record of satisfying customers.
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Bank Reputation (10%): The reputation of a bank is a critical consideration when investing in CDs. We evaluated each bank's reputation based on factors such as financial stability, regulatory compliance, and public perception. Higher ratings were given to banks with a solid reputation for reliability and trustworthiness, ensuring customers' investments are safe and secure.
By considering these categories and assigning appropriate weights to each, our review aims to provide valuable insights to help individuals make informed decisions when investing in certificate of deposits.
