Excellent Certificate of Deposit Rates at Navy Federal Credit Union

All those working under the Department of Defense can have a clearer and brighter future because of a Credit Union that provides them a good place to invest. Navy Federal Credit Union is offering certificates of deposit at high rates to help DoD employees have a more secure financial future. Here, employees can enjoy saving as well as investing at the same time.

Navy Federal Credit Union has more than three million members from all over the nation since 1933. They perform excellent financial services that potential and present members can avail of and choose from. This is known as a primary institution with $49,370,838,303 in total assets as of 2012. Basing on the numbers, Navy Federal Credit Union has proved the effectiveness of its program and services. Indeed those individuals who are eligible for membership at this Credit Union has got it good.

In terms of their certificate of deposits, their rates are updated and very competitive. People can choose between the short and long terms depending on which term suits them best. To those who will pick the shorter term, they can pick the three month period. With a $1,000 minimum amount, the APY or annual percentage yield is 0.50% while for those who will open with a minimum amount of $50,000 the APY is 0.60%. By giving a higher interest rate for bigger amounts, members are encouraged to save more and reap bigger rewards in interest. For the one year term and a minimum deposit of $1,000, the APY is 0.85%. On the other hand, people can also pick the three year period with an annual percentage yield of 1.25% for both the minimum deposits of $1,000 and $10,000.  These are just some of the terms that people can lock in with. In conclusion, employees or family members under the Department of Defense should definitely check out Navy Federal Credit Union. In this way, they will have a good future ahead.


Grab A 3.00% APY on 1 Yr CD with Navy Federal Credit Union

Navy Federal Credit Union does it again. Right now, they are offering an extremely high 1 year CD rate with a 3.00% APY. This rate is by far one of the highest available among banks and other credit unions considering the term.

The Promotion

The special certificated of deposit is called the Special Easy Start Certificate with a low minimum deposit of only $50. This CD has a term of 1 year with a whopping rate of 3.00% APY. The deposit is also compounded either daily or monthly.

How The Rate Compares

Right now, the highest 1 year CD nationally available from banks is from CIT Bank at only 1.15% APY. Credit Unions, being known for giving higher rates do offer much better rates but almost none as good as what Navy Federal is giving. Other 1 year CD’s from credit unions are at 1.26% from First Credit Union, 1.20% from Alliant Credit Union, and 1.15% from Melrose Credit Union. The only other credit union that beats this rate is from Patelco Credit Union at a promotional rate of 5.00%.

Other Rates From Navy Federal Credit Union

Other interesting rates from Navy Federal Credit Union includes their 7 year CD with a 2.80% APY. Most of the rates from the credit union aren’t as competitive as some banks and other credit unions, but they are still higher than the national average.

About Navy Federal Credit Union

This institution has been known for giving great interest rates and mortgages to their members. Membership is exclusive to some criteria such as being part of the Armed Forces, employed in the Department of Defense, relatives of qualified persons, and extended family. More details on membership can be found on their website. They also provide an eligibility wizard for you to easily determine if you are qualified to be a member or not.

Navy Federal Credit Union is one of the most established credit unions in the nation. It is also insured by the NCUA and it has its roots since 1933.


Navy Federal Credit Union Rocks Cyber Monday

Now that Black Friday is over, the shopping still hasn’t come to a close. Because of the popularity of online shopping, a new holiday has done us all a favor in extending the much needed sales and discounts for the holidays. Some people say Cyber Monday is a lot more convenient since all you need is a laptop and an Internet connection, and probably if you have that perfect credit card to use, Cyber Monday would surely be a blast.

The Offer

Navy Federal Credit Union is offering their consumers just that. The credit union is challenging their would-be customers to say goodbye to their old credit card and sign up to a Visa with them. The card from Navy Federal Credit Union is said to have cash back rewards for every purchase, no annual fee, plus super low interest rates. Plus you can feel safe to shop online because of their $0 Liability policy that protects you from unauthorized purchases. Since this seems like the usual offer, what’s more to it?

Corporate spokesperson Donovan Fox reveals that Navy Federal members can enjoy the new “Member Mall” which gives access to over 700 retailers online while dishing out discounts and rewards points in the process. The member can earn rewards points when they use Navy Federal Visa, but the type of card will determine how much points and reward types they can get. It has been reported that the Member Mall offers competitive and better discount rates than most other retailers online.

The credit cards available from Navy Federal Credit Union are cashRewards,nRewards, nRewards Secured, goRewards, Visa Signature Flagship Rewards, and Platinum. Again, points and reward types will be determined by the type of card.

Membership

Membership is for All Department of Defense uniformed personnel, reservists, government employees assigned to DoD, family members of eligible individuals, and others serving for the Department of Defense. The website also offers a Membership Eligibility Wizard to know if you’re eligible for membership.


Navy Federal Credit Union 12 Month CD Rate At 3%

Navy Federal Credit UnionNavy Federal Credit Union is offering a 12 month CD rate of 3%, which is currently the highest yielding 12 month CD. It’s call the Special EasyStart Certificate and comes with a few stipulations. This CD requires a minimum deposit of $50 and has a maximum of $3,000. By putting the maximum deposit of $3,000 at 3% for 12 months, you would end up making $91.25 by the end of the 12 months. These are not the best rates, but if you are planning on holding onto your money, these rates are better than almost all savings account rates and earnings are guaranteed.

Be sure to visit the Navy Federal Credit Union’s website to learn more about this Special CD offer. You can also find the best CD rates by viewing our CD rates page.


Navy Federal Credit Union Offers Highest CD Rate at 3.5%

With the best CD rates banks are offering at 1.35%, finding a certificate of deposit with an annual interest rate of 3.5% can be startling. But indeed it can be done. The Navy Federal Credit Union is offering a chunky interest rate of 3.5% in their 12-year certificate of deposit.

If this already sounds too good to be true, it gets even better. The Navy Federal Credit Union is only imposing a minimum deposit of $50. Plus your money will be compounded daily. That means more earnings for the depositor. The only tricky thing to this is, whether who can open an account.

The Navy Federal Credit Union does have some requirements when it comes to membership. Only those who have served in the Army, Air force, Department of Defense and of course, the Navy can be eligible. However, this membership also extends to family members. And once these family members have joined, or opened an account, they too will be able to extend the membership opportunity to their family members as well.

Since 1933, Navy Federal has grown from having seven members to three million. It’s vision statement clearly reflects that they are friendly to their depositors, holding close to their saying: “You can leave the military, change employers, move, retire, get married—and never have to leave Navy Federal. “Once a member, always a member.”

The Navy Federal Credit Union also offers different certificate of deposit packages which depositors can choose from. It offers the special, standard, low minimum, jumbo and IRA packages. The IRA certificate aims to help members plan for their retirement, and to help them reach their financial goals. Aside from certificates, the Navy Federal offers a wide range of services, ranging from mortgages, money markets, credit cards, retirement and insurance, and even gift cards.

Considering the slight exclusivity of membership, those who are eligible are lucky to be able to take advantage of the 3.5% CD. Having a rate that high at this time is certainly a feat, one that only Navy Federal can accomplish.


Navy Federal Credit Unions Great Starter Certificate of Deposit

Navy Federal Credit UnionIf you are new to CD’s (certificate of deposits), just want to get your feet wet, or have a small amount of money to invest then Navy Credit Federal Union has a great starter certificate you may be able to take advantage of.

We have been noticing that credit unions have been offering better deals on certificate of deposits then banks have  (see Northeast Community CU 2.50% APY on a 12 Month CD).  Although Navy Federals CD rates are not the best they do have a great starter package.

Check out the nations Best CD Rates.

It is called their EasyStart Certificate and here are the details.

  • 12 month term
  • 1.15% APY
  • Only a $100 Minimum Deposit

With a $100 minimum deposit almost anyone, new to CD’s or not, can take advantage of this deal.  Most of the best 12 month CD rates we see have minimum deposits in the thousands.

So if you are new to certificates and do not have much money to get started this NFCU EasyStart Certificate may be a great introduction to CDs for you.

For the fine print and other details for NFCU visit here.