Navy Federal Credit Union EasyStart Certificate

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).

• 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.

Are cd rates from Navy Federal Credit Union federally insured?

Yes, your Navy Federal Credit Union cd rates 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?

• 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 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.