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Navy Federal Credit Union CD Rates Reviewed

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    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.

    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

    Term$1K Minimum APY$20K Minimum APY$100K Minimum APY
    3 Months4.00%4.00%4.05%
    6 Months0.45%0.45%0.50%
    12 Months4.90%4.90%4.95%
    18 Months4.50%4.50%4.55%
    24 Months4.20%4.20%4.25%

    Rates as of Nov 07, 2023 ET.

    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. 

    This offer, including the stated Annual Percentage Yield (APY), is effective August 7, 2023. Navy Federal reserves the right to end or modify this offer at any time. The rate is applicable to the 3-Month certificate term only. Minimum purchase amounts of $1,000, $20,000 Annual Percentage Yield (APY) 4.00%. Minimum purchase amount of $100,000 Annual Percentage Yield (APY) 4.05%. No maximum purchase amount. IRA/ESA certificate subject to IRS contribution limits. Additional deposits are not allowed. Penalties apply for early withdrawals from certificates. Other restrictions may apply.

    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 DetailsRateAnnuity AM BestApplication
    2 Years Oceanview life and annuity logo Oceanview Life5.00%CL SundanceA-Apply
    3 YearsSecurity sentinel life logoSentinel Security5.90%CL SundanceB++Apply
    4 Years Nassau logo Nassau5.50%MyAnnuityB++Apply
    5 Years Ibexis annuity logo Ibexis 6.15% SimpleMYGA PlusA-Apply
    6 Years Equitrust annuity logo EquiTrust5.80%Certainty SelectB++Apply
    7 Years Nassau logo Nassau5.80%Platinum AssureB++Apply
    8 Years Equitrust annuity logo EquiTrust5.50%Certainty SelectB++Apply
    9 Years Clear spring life and annuity logo Clear Spring5.40%MYGA PreserveA-Apply
    10 Years Equitrust annuity logo EquiTrust5.60%Certainty SelectB++Apply

    Today's Top CD Rates

    3 Month CD Rates

    Best 3-Month CD RatesAPYTermMinimum
    Signature Federal Credit Union5.55%3 Months$500
    Ponce Bank5.40%3 Months$1
    Western Alliance Bank5.41%3 Months$1

    12 Month CD Rates

    All In Credit Union5.85% APY12 Months$100,000
    My eBanc5.77% APY12 Months$100,000
    State Bank of Texas5.75% APY12 Months$50,000

    2 Year CD Rates

    Luana Savings Bank5.68% APY24 Months$100,000.00
    Maple Mark Bank5.40% APY24 Months$25,000.00
    Crescent Bank5.35% APY24 Months$1,000.00

    3 Year CD Rates

    Valley National Bank5.60%36 Months$500
    Bread Savings4.95%36 Months$1,500
    The State Exchange Bank4.70%36 Months$1

    4 Year CD Rates

    Bread Savings4.75%48 Months$1
    The State Exchange Bank4.50%48 Months$1
    Barclays4.45%48 Months$1

    5 Year CD Rates

    Farmers Insurance5.00%60 Months$1,000
    Schools First Credit Union4.75%60 Months$100,000
    Bread Savings4.75%60 Months$1,500

    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.

    Up Next in Bank Rates

    Bread Savings CD Rates Vector

    Bread Savings CD Rates Review

    Bread Savings CD rates are currently very competitive for one and two-year terms. The one year Bread Savings CD rate has a 5.20% APY.

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