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  Navy Federal Credit Union SaveFirst Account

Navy Federal Credit Union SaveFirst Account

in CD Accounts from Navy Federal Credit Union · ncua

Unaffiliated

Navy Federal Credit Union SaveFirst Account

Unaffiliated

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

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Highlights
Minimum Opening Deposit Starting at $5
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 11 months
  • 18 months
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 28 months
  • 42 months
  • 30 months
APY (Annual Percentage Yield) 0.4%

Navy Federal Credit Union SaveFirst Account Review

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

Key Takeaways
  • Only one CD account type available. Navy Federal Savefirst account only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.4%, which is much higher than the national average for a certificate account.
  • Small minimum initial deposit. You only need $5 to open an account.
  • Wide selection of certificate terms. Navy Federal Savefirst account 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 SaveFirst Account
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.
  • Does not offer an IRA CD.
Navy Federal Credit Union SaveFirst Account 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 Savefirst account 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.

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

The CD rates for this account have an APY of0.4% (APY stands for annual percentage yield, rates may change).

What terms does Navy Federal Savefirst account offer?

Navy Federal Credit Union offers CD terms of the following lengths:
Navy Federal Credit Union SaveFirst Account Rates & Terms
Description
11-Month APY 0.4%
2-Year APY 0.4%
3-Month APY 0.4%
3-Year APY 0.4%
4-Year APY 0.4%
5-Year APY 0.4%
6-Month APY 0.4%
12-Month APY 0.4%
APY (Annual Percentage Yield) 0.4%

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

Navy Federal Savefirst account requires a minimum deposit of $5 to open an account.

What is the grace period for Navy Federal Savefirst account?

Navy Federal Savefirst account 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 Savefirst account 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 SaveFirst Account

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. The SaveFirst Account helps you save more at a higher rate than a traditional savings account.

 

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 $5
11-Month APY 0.4%
2-Year APY 0.4%
3-Month APY 0.4%
3-Year APY 0.4%
4-Year APY 0.4%
5-Year APY 0.4%
6-Month APY 0.4%
12-Month APY 0.4%
APY (Annual Percentage Yield) 0.4%
CD Accounts Traditional
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 11 months
  • 18 months
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 28 months
  • 42 months
  • 30 months

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