Navy Federal CD Rates Review: Competitive Rates for New Investors

See what you can earn on a Navy Federal Credit Union CD.

Ranked as the world’s largest credit union, Navy Federal Credit Union has much to offer its members. Along with an extensive network of Navy Federal locations and ATMs — as well as 24/7 access to mobile and online banking services — NFCU boasts a number of financial products and services, including loans, credit and certificates of deposit.

Here’s a quick overview of Navy Federal CD rates to help you decide which CD might be right for you.

About Navy Federal Credit Union CD Rates

Navy Federal offers a variety of CDs — from special options to standard certificates — to suit your financial needs. For standard CDs, minimum deposits start at $1,000. Terms range from three months to seven years.

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To give you an idea of the rates that NFCU offers, a six-month standard CD under $100,000 earns 1.35% APY, whereas a one-year standard CD under $100,000 earns 1.60% APY. For the highest rate on a standard CD that NFCU offers, you would need to open a five-year CD, which carries a 1.76% APY.

NFCU also offers special CD rates in 12-month, 18-month, three-year or five-year terms. The 12-month Special EasyStart certificate only requires a $50 minimum deposit and carries a 1.76% APY. The 18-month certificate requires a minimum deposit of $1,000 and offers a 2.35% APY. The three-year variable certificate requires a minimum deposit of $500 with a 2.65% APY, and the five-year CD requires a minimum deposit of $1,000 but carries a higher rate of 1.76% APY.

Navy Federal Credit Union Standard CD Rates
CD Term6-month CD12-month CD60-month CD
APY 1.35%1.60%1.76%
Rates accurate as of July 9, 2018

How Navy Federal Credit Union Rates Compare

To help you decide whether Navy Federal’s five-year CD rate of 3.00% APY is competitive or not, consider that the same product at Capital One has a 0.85% APY, Barclays has a 1.85% APY and Ally Bank has a 1.60% APY.

On a twelve-month CD, however, Capital One’s 1.00% APY beats NFCU’s standard rate of 1.60% APY. The same goes for Barclays’ 1.85% APY and Ally Bank’s 1.75% APY.

Find Out: How Often Do CD Rates Change?

Advantages of Navy Federal Credit Union CDs

Navy Federal Credit Union offers competitive rates on its CDs. Here are some of the other advantages:

  • Rate will not decrease more than 0.50 percent during term
  • 21-day grace period after maturity to change renewal options
  • Dividends compounded daily and credited monthly
  • Manage CDs with Navy Federal Credit Union app

Disadvantages of Navy Federal Credit Union CDs

Before deciding to invest in a financial product, it helps to consider the disadvantages. Here are a few you should be aware of:

  • Withdrawal of funds on a CD of one year or less forfeits 90 days of interest
  • Withdrawal of funds on a CD of more than one year forfeits 180 days of interest
  • Withdrawal of funds on a CD of five years forfeits one year of interest

Are Navy Federal Credit Union CDs a Good Deal?

Although you might be able to find a better deal on short-term CDs elsewhere, Navy Federal Credit Union’s standard five-year CD offers a very competitive rate of 1.76% APY. For those new to investing, the one-year Special EasyStart certificate also offers a competitive 3.00% APY. If you are just getting started in investing or you don’t mind tying up your funds for five years, an NFCU CD could be a good deal.

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About the Author

Cynthia Measom is a Texas-based writer specializing in finance, business, parenting and education. With almost a decade of online writing experience, her work has appeared on websites such as, The Bump and The Motley Fool. Measom received a Bachelor of Arts in English from the University of Texas at Austin.