Navy FCU CD Rates

The Navy FCU CD rates are competitive and worth taking a closer look at. At the present time the featured rates for certificates of deposit through the Navy Federal Credit Union are as high as 3.75% annual percentage yield (APY). The slogan for the Navy FCU is “We serve where you serve.” This credit union is designed to serve all current and retired members of the air force, army, Marine Corps and navy.

Navy Federal as it is sometimes called, makes available to its customers certificates of deposit (CDs) that earn dividends at higher rates than do share savings accounts. The certificates also have pre-determined maturity dates. The minimum purchase is as low as $100 and there is no maximum purchase amount, with the exception of offers or specials promotions. The terms available range from three months to seven years. Bear in mind that longer maturities equal higher dividends. All of the certificates at the Navy FCU are FDIC insured. Excellent Navy FCU CD rates are not the only thing that comes with these certificates! When you purchase a CD through this credit union you receive the Safety and Soundness Guarantee.

One type of certificate offered by Navy Federal is the EasyStart certificate. This certificate can be opened with as little as $100. If you wish you can make additional deposits over the term of the certificate and watch your money grow! The term for this certificate is one year. Deposits to you can be made on a weekly basis, a bi-weekly basis or a monthly basis. The additional deposits you may wish to make must be $10 or more. You can make these in person at any branch of the Navy FCU. Or if you prefer you can make them through direct deposit, automatic or allotment transfers from your checking account, savings account or MMSA.

If you have quite a lot of money saved and wish to open a CD account then you may want to consider a Jumbo certificate at Navy Federal. The minimum opening balance for this certificate is $100,000. You can choose any term that ranges from six months to 84 months. This CD comes with a fixed rate and has dividend tiers that are available in months. They include 6 to 11, 12 to 23, 24 to 35, 36 to 59 and 60 to 84.

If you are in the military whether you are a current member or a retired member the Navy Federal Credit Union has so much to offer you in terms of saving and investing. Take a look at the current Navy FCU CD rates and then get on the road to saving.