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  Navy Federal Credit Union Standard Certificate
Navy Federal Credit Union Standard Certificate
in CD Accounts from Navy Federal Credit Union · Insured by NCUA
Unaffiliated

Navy Federal Credit Union Standard Certificate

Unaffiliated
in CD Accounts from Navy Federal Credit Union · Insured by NCUA
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Highlights
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 3 months
  • 6 months
  • 11 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 7 years
APY (Annual Percentage Yield) 0.45% - 0.95%

Navy Federal Credit Union Standard Certificate Review

Navy Federal Credit Union Standard Certificate is offered by Navy Federal Credit Union, a credit union founded in 1933 and based in Vienna, VA. Navy Federal Credit Union Standard Certificate is available in 50 states (and Washington, DC).

Key Takeaways

  • Small selection of CD account types. Navy Federal Standard certificate only offers traditional and IRA CDs.
  • Very high APY. This account offers an annual percentage yield of up to 0.95%, which is much higher than the national average for a certificate account.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. Navy Federal Standard certificate allows you to create a certificate ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of Navy Federal Credit Union Standard Certificate

Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • Available in all 50 states.
  • High-dividend yield
  • There isn't a no-penalty certificate option.

Navy Federal Credit Union Standard Certificate FAQ

Are cd accounts from Navy Federal Credit Union federally insured?

Yes, your Navy Federal Credit Union cd accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What types of CDs does Navy Federal Credit Union offer?

Navy Federal Standard certificate provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Navy Federal Standard certificate offers a CD that is specifically for retirement.

What CD rates does Navy Federal Credit Union offer on its CDs?

Navy Federal Standard certificate offers an APY starting at 0.45% and ranging up to 0.95%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Navy Federal Standard certificate offer?

Navy Federal Credit Union offers CD terms of the following lengths:
Navy Federal Credit Union Standard Certificate Rates & Terms
Description
APY (Annual Percentage Yield) 0.45% - 0.95%
3-Month APY 0.40% - 0.50%
6-Month APY 0.45% - 0.50%
12-Month APY 0.55% - 0.60%
2-Year APY 0.55% - 0.60%
3-Year APY 0.70% - 0.75%
4-Year APY 0.70% - 0.75%
5-Year APY 0.90% - 0.95%
7-Year APY 0.90% - 0.95%

What is the minimum deposit to open a CD account with Navy Federal Credit Union?

Navy Federal Standard certificate requires a minimum deposit of $1,000 to open an account.

What is the grace period for Navy Federal Standard certificate?

Navy Federal Standard certificate does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Navy Federal Standard certificate charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Navy Federal Credit Union does not charge an early withdrawal fee.

Navy Federal Credit Union does not seem to charge any of the fees we track.

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Message From Navy Federal Credit Union

Earn More, Worry Less With a Navy Federal Certificate. Take your savings further when you open a certificate. Enjoy guaranteed returns with Navy Federal's certificate options. You choose the term and amount that works for you. Certificates allow you to plan out your savings by providing guaranteed returns that you can access on a set maturity date.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
APY (Annual Percentage Yield) 0.45% - 0.95%
3-Month APY 0.40% - 0.50%
6-Month APY 0.45% - 0.50%
12-Month APY 0.55% - 0.60%
2-Year APY 0.55% - 0.60%
3-Year APY 0.70% - 0.75%
4-Year APY 0.70% - 0.75%
5-Year APY 0.90% - 0.95%
7-Year APY 0.90% - 0.95%
CD Accounts
  • Traditional
  • IRA
Certificate Term
  • 3 months
  • 6 months
  • 11 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 7 years

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