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  Navy Federal Credit Union EasyStart Certificate

Navy Federal Credit Union EasyStart Certificate

in CD Accounts from Navy Federal Credit Union · ncua

Unaffiliated

Navy Federal Credit Union EasyStart Certificate

Unaffiliated

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

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

Rating not yet determined  

Minimum Opening Deposit Starting at $50
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 18 months
APY (Annual Percentage Yield) 0.4% - 3%

Navy Federal Credit Union EasyStart Certificate Review

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

Key Takeaways
  • Small selection of CD account types. Navy Federal Easystart only offers traditional and IRA CDs.
  • Very high APY. This account offers an annual percentage yield of up to 3%, which is much higher than the national average for a certificate account.
  • Small minimum initial deposit. You only need $50 to open an account.
  • Wide selection of certificate terms. Navy Federal Easystart 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 EasyStart Certificate
Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • Available in all 50 states.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • There isn't a no-penalty certificate option.
Navy Federal Credit Union EasyStart 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 Easystart 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 Easystart offers a CD that is specifically for retirement.

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

Navy Federal Easystart offers an APY starting at 0.4% and ranging up to 3%. 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 Easystart offer?

Navy Federal Credit Union offers CD terms of the following lengths:
Navy Federal Credit Union EasyStart Certificate Rates & Terms
Description
2-Year APY 0.6%
6-Month APY 0.4%
12-Month APY 0.5% - 3%
APY (Annual Percentage Yield) 0.4% - 3%

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

Navy Federal Easystart requires a minimum deposit of $50 to open an account.

What is the grace period for Navy Federal Easystart?

There is a 21-day grace period for Navy Federal Easystart. 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 21-day 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 Easystart 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.

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Message From Navy Federal Credit Union EasyStart Certificate

Our members are the mission. As our valued member, you're at the heart of everything we do, and we strive to do what's right for you. As our valued member, you're at the heart of everything we do, and we strive to do what's right for you. Focusing on values of Service, Integrity and Community supports our mission to make you our top priority. Compassionate service goes beyond knowing your name and rank. It’s understanding and caring about what’s important to you. That’s why we’re truly dedicated to your overall financial well-being and helping you achieve what you want in life. As a not-for-profit credit union, we strive to do what’s right for our membership as a whole, so we can bring real value to each and every member. It’s a matter of integrity and simply the right thing to do. So, you can trust that 24/7/365, we’re focused on your needs. We’re dedicated to fostering financial health and well-being for the military, veterans, their families, and to embracing and celebrating diversity and inclusion in all the communities we serve. Because as a community, we’re stronger together.

EasyStart Certificates are an easy way to start building savings quickly with a low minimum purchase and flexible term lengths. With a Special EasyStart Certificate, start saving at a higher rate of return with a low minimum purchase.

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 $50
2-Year APY 0.6%
6-Month APY 0.4%
12-Month APY 0.5% - 3%
APY (Annual Percentage Yield) 0.4% - 3%
CD Accounts
  • Traditional
  • IRA
Grace Period for Account Changes 21 days
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 18 months

Navy Federal Credit Union EasyStart Certificate Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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