Navy Federal CD Rates
Navy Federal Credit Union has been in operations since 1933. It started with 7 members and today this number has grown to more than 3 million members. They offer many kinds of savings options to their customers including CDs, savings accounts, IRA, ESA and money market savings. The CDs have many options that enable customers to get the maximum interest and it also gives them a lot of flexibility and convenience. A CD can be opened with just $100 and this low balance is a great incentive for many small investors. The best part is that the CD rates are compounded daily or monthly and this means more money in the form of interest for investors.
The current CD rates of Navy Federal’s EasyStart Certificate is 1.35% APY and the balance on this certificate is $100. The Navy Federal CD rates for a 6-month certificate is 0.90% APY for a balance of $2500 and 1.05% for a balance of $10,000. The Navy Federal Credit Union CD rates for a 9-month certificate is 1.10% APY for a balance of $10,000 and for the same balance, the rates are 1.65% for a 18-month period. The Navy Federal certificate rates for a balance of $1000 for 1 year is 1.35%, 2 years is 1.80%, 3 years is 2.20%, 4 years is 2.50%, 5 years is 2.85% and for 6 years, it is 3.85% respectively. For a balance of $20,000, the rates are 1.50% for 1-year, 1.95% for 2 years, 2.35% for 3 years, 2.65% for 4 years, 3.00% for 5 years and 4.00% for 7 years respectively. The rates for a balance of $100,000 is 1.30% for a period of 6 to 11 months, 1.65% for a period of 12 to 23 months, 2.25% for a period of 24 to 35 months, 2.50% for a period of 36 to 59 months and 3.15% for a period of 60 to 84 months respectively. These rates are pretty competitive in today’s market.