Navy Federal Credit Union CD Rates
Since 1933, Navy Federal Credit Union has grown from 7 members to over 10 million members. And, since that time, their vision statement has remained focused on serving their very unique field of membership:
“Be the most preferred and trusted financial institution serving the military and their families.”
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Navy Federal Credit Union CD Rates
Navy Federal Credit Union Certificates of Deposit (CDs) allow you to plan out your savings by providing guaranteed returns that you can access on a set maturity date.
APY as high as 0.95%
Minimum Deposit as low as $1,000
Term 3 Months to 7 Years
- Variety of terms and minimum balance options
- No maximum purchase amount
- Longer maturities earn higher dividends
- 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|
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 compounded daily, 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 compounded daily, credited monthly. Penalties may apply for early withdrawals from certificate accounts. Offering rates may change.
NFCU Money Market Rates
|$0 to $2,499||0.00%|
|$2,500 to $9,999||0.40%|
|$10,000 to $24,999||0.45%|
|$25,000 to $49,999||0.45%|
|$50,000 and over||0.45%|
|$100,000 to $249,999||0.50%|
|$250,000 and over||0.50%|
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.
|Issued By||Insurance Companies||Banks|
|Investment Amount||$2,000 - $1,000,000||Essentially Any Amount|
|Investment Term||2 years - 10 years||3 months - 5 years|
|Interest Rates (APY)||Varies by product but usually higher than CDs.||Varies by bank, term and investment amount.|
|Liquidity||Usually, 10% annually or interest earned.||Almost always accumulated interest.|
|Guarantees||Backed by Insurance Company & State Guaranty Associations.||Backed by the FDIC.|
|Death Benefit||May avoid probate.||Probate process required.|
Today's Best Guaranteed Annuity Rates
Fixed annuity rates are guaranteed for a set number number of years.
|2 Years||Oceanview||Harbourview 2||A-||2.85%|
|3 Years||Sagicor||Milestone 3||A-||3.50%|
|4 Years||Sagicor||Milestone 4||A-||3.70%|
|5 Years||Sentinel Security||Personal Choice||B++||4.05%|
|6 Years||Oceanview||Harbourview 6||A-||4.30%|
|7 Years||Sentinel Security||Personal Choice||B++||4.10%|
|8 Years||Oxford Life||Multi-Select||A||3.80%|
|9 Years||Oxford Life||Multi-Select||A||3.65%|
|10 Years||Atlantic Coast Life||Safe Haven||B++||4.15%|
Today's Top CD Rates
3 Month CD Rates
12 Month CD Rates
2 Year CD Rates
3 Year CD Rates
4 Year CD Rates
5 Year CD Rates
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.
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
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 Business Solutions
Representatives are available Monday through Friday, 9 am to 5 pm, ET.