Navy Federal Credit Union CD Rates Reviewed

Navy Federal Credit Union CD Rates

Since 1933, Navy Federal Credit Union has grown from 7 members to over 10 million members keeping its vision statement focused on serving a very unique membership: 

“Be the most preferred and trusted financial institution serving the military and their families.”

In this review, we will compare Navy Federal Credit Union CD rates, money market, and savings account interest rates to other CD rates offered at other top financial institutions in America.

Table of Contents

Navy Federal CD Rate Features

Navy Federal Credit Union CDs allow you to plan out your savings by providing guaranteed returns that you can access on specified maturity date.

APY as high as 0.95%
Minimum Deposit as low as $1,000
Term 3 Months to 7 Years

Features:

  • Variety of terms and minimum balance options
  • No maximum purchase amount
  • Longer maturities earn higher dividends

Best For:

  • Individuals who want to earn at a higher dividend rate
  • Individuals who don’t need flexible access to savings
  • Individuals who are interested in making a single deposit

Navy Federal CD Rates

CD Term$1k Minimum$100k Minimum
3 Month0.40%0.45%
6 Month0.45%0.50%
12 Month0.55%0.60%
18 Month0.55%0.60%
24 Month0.55%0.60%
3 Year0.70%0.75%
5 Year0.90%0.95%
7 Year0.90%0.95%

The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. 
Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends are compounded daily and credited monthly. 1 

This APY is accurate as of 10/11/2021. This APY is an annualized rate that reflects estimated earnings based on the dividend rate and frequency of compounding. Dividends are compounded daily and credited monthly. Penalties may apply for early withdrawals from certificate accounts. Offering rates may change.

NFCU Money Market Rates

Minimum DepositAPY
$0 to $2,4990.00%
$2,500 to $9,9990.40%
$10,000 to $24,9990.45%
$25,000 to $49,9990.45%
$50,000 and over0.45%
$100,000 to $249,9990.50%
$250,000 and over0.50%

Rates apply to the entire balance, not just the amount over the tier threshold.
Monthly compounded, monthly credited.

CDs vs Fixed Annuity

A multi-year guaranteed annuity (MYGA) is essentially a CD that is issued by an insurance company rather than a bank. The table below compares and contrasts some of the key differences and similarities between the two.

FIXED ANNUITYCD
Issued ByInsurance CompaniesBanks
Investment Amount$2,000 - $1,000,000Essentially Any Amount
Investment Term2 years - 10 years3 months - 5 years
Interest Rates (APY)Varies by product.Varies by bank, term and investment amount.
LiquidityUsually, 10% annually or interest earned.Almost always accumulated interest.
GuaranteesBacked by Insurer & State Guaranty Associations.Backed by the FDIC.
Death BenefitMay avoid probate.Probate process required.

Today's Best Guaranteed Annuity Rates

Fixed annuity rates are guaranteed for a set number of years.

Today's Top CD Rates

3 Month CD Rates

BankRateMinimum Deposit To Open
Popular Direct4.05% APY $10,000.00
Citibank3.25% APY $500.00
America First Credit Union2.30% APY $500.00

12 Month CD Rates

BankRateMinimum Deposit To Open
First Internet Bank4.75% APY $1,000.00
Popular Direct4.75% APY $10,000.00
Alliant Credit Union4.60% APY $1,000.00

2 Year CD Rates

TermBankRateMinimum
24 MonthsRising Bank3.80% APY$1,000
24 MonthsBread Savings3.75% APY$1,500
24 MonthsAmerican Heritage Credit Union3.75% APY$500
24 MonthsMerrick Bank3.70% APY$25,000
24 MonthsSynchrony Bank3.40% APY$.01

3 Year CD Rates

BankRateMinimum Deposit To Open
Alliant Credit Union4.60% APY $1,000.00
Popular Direct4.55% APY $10,000.00
BMO Harris4.50% APY $1,000.00

4 Year CD Rates

TermBankRateMinimum
48 MonthsBread Savings4.15% APY$1,500
48 MonthsAmerican Heritage Credit Union4.00% APY$500
49 MonthsNASA Federal Credit Union3.85% APY$10,000
48 MonthsMerrick Bank3.75% APY$25,000
48 MonthsPenFed Credit Union3.50% APY$1,000

5 Year CD Rates

BankRateMinimum Deposit To Open
BMO Harris4.50% APY $1,000.00
Bread Savings4.50% APY $1,500.00
Popular Direct4.50% APY $10,000.00

Key Take-Aways

A certificate of deposit is very similar to a fixed annuity. If you are looking for a safe and steady way to grow your retirement savings you can learn more about fixed “CD Type Annuities” here.

If you would like a personalized annuity quote you can contact us or use one of our fixed annuity calculators to see how much an annuity would pay you.

Frequently Asked Questions


While not FDIC-insured, State Guaranty Associations provide a safety net for their state’s annuity policyholders. These Guaranty Associations guarantee policyholders continue to receive coverage (up to the limits spelled out by state law) even if their insurer is declared insolvent. Source: “Learn to Invest, Investment Types, Annuities, Fixed Annuities.”  Financial Industry Regulatory Authority (FINRA).  Visit FINRA’s Fixed Annuities Webpage

You can not lose money in a fixed annuity. However, guarantees are backed by the claims-paying ability of the issuing insurance company so it is important to consider an insurer’s financial rating when shopping for an annuity.

Fixed Annuities do not have any fees or expenses unless you add an additional rider that was not mentioned on this page.

Navy Federal’s Routing Number is 256074974.

Navy Federal Contact Info

NFCU Phone Numbers

Talk to a real person anytime. Navy Federal has stateside member reps available 24/7.
1-888-842-6328
International: 1-703-255-8837 (collect)
Other important phone numbers

NFCU Business Solutions

1-877-418-1462
Representatives are available Monday through Friday, 9 am to 5 pm, ET.

Find a Navy Federal Credit Union branch near you.

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