Navy Federal Credit Union CD Rates Reviewed

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Table of Contents

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


  • 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.

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.

TermInsurerCompany DetailsAnnuity RateAM BestApplication
2 Years Oceanview life and annuity logo OceanviewHarbourview 4.90%A-Apply
3 Years Farmers life insurance company logo Farmers LifeSafeguard Plus5.50%B++Apply
4 Years Americo annuity logo AMERICOPlatinum Assure5.20%AApply
5 Years Ibexis annuity logo Ibexis MYGA Plus5.90% SimpleA-Apply
6 Years Equitrust annuity logo EquiTrustCertainty Select5.65%B++Apply
7 Years Americo annuity logo AMERICOPlatinum Assure5.55%AApply
8 Years Equitrust annuity logo EquiTrustCertainty Select5.70%B++Apply
9 Years American national annuity logo American NationalPalladium MYG5.10%AApply
10 Years Equitrust annuity logo EquiTrustCertainty Select6.00%B++Apply

Today's Top CD Rates

3 Month CD Rates

TotalDirect Bank5.16% APY3 Months$25,000.00
Ponce Bank N.A.5.15% APY3 Months$50,000.00
Brilliant Bank5.10% APY3 Months$1,000.00
Alliant Credit Union4.50% APY3 Months$1,000.00
Popular Direct4.50% APY3 Months$10,000.00

12 Month CD Rates

Evergreen Bank Group5.50% APY13 Months10000
NexBank5.40% APY12 Months25000
BrioDirect5.35% APY12 Months500
Bread Savings5.25% APY12 Months1000
Barclays4.80% APY12 Months0

2 Year CD Rates

U.S. Senate Federal Credit Union5.28% APY24 Months1000
Summit Credit Union5.25% APY22 Months5000
Idabel National Bank5.05% APY24 Months1000
Bread Savings5.00% APY24 Months1500
PenFed Credit Union4.45% APY24 Months1000

3 Year CD Rates

U.S. Senate Federal Credit Union5.23% APY36 Months1000
Quorum Federal Credit Union4.85% APY36 Months1000
Popular Direct4.55% APY36 Months10000
Bread Savings4.50% APY36 Months1500
Barclays4.30% APY36 Months0

4 Year CD Rates

Best 4-Year CD RatesRateTermMinimum
NASA Federal Credit Union4.85% APY49 Months10000
GTE Financial4.85% APY48 Months500
First National Bank of America4.50% APY48 Months1000
Bread Savings4.35% APY48 Months1500

5 Year CD Rates

Lafayette Federal Credit Union4.68% APY60 Months500
Department of Commerce Federal Credit Union4.67% APY60-84 Months25000
GTE Financial4.54% APY60 Months500
Popular Direct4.53% APY60 Months10000
Bread Savings4.25% APY60 Months1500

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.
International: 1-703-255-8837 (collect)
Other important phone numbers

NFCU Business Solutions

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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