SuperMoney
  Navy Federal Credit Union SaveFirst Account
Navy Federal Credit Union SaveFirst Account
in CD Accounts from Navy Federal Credit Union · Insured by NCUA
Unaffiliated

Navy Federal Credit Union SaveFirst Account

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.

Rating not yet determined  

1 user recommends
0 users are unsure
0 users don't recommend
Explore a similar product
Try this top product in CD Accounts.
U.S. Bank CD Special
U.S. Bank CD Special

Rating not yet determined  

2 reviews
Highlights
Community Rating

Rating not yet determined  

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

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 annual percentage yield (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
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.

Navy Federal Credit Union SaveFirst Account FAQ

Are CDs 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 if 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
APY (Annual Percentage Yield) 0.4%
3-Month APY 0.4%
6-Month APY 0.4%
11-Month APY 0.4%
12-Month APY 0.4%
2-Year APY 0.4%
3-Year APY 0.4%
4-Year APY 0.4%
5-Year APY 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 charges an early withdrawal fee.

Navy Federal Credit Union does charge any of the fees we track.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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

Navy Federal Credit Union SaveFirst Account Community Reviews

 

Would you recommend Navy Federal Credit Union SaveFirst Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

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.

sorted by

Navy Federal Credit Union CD Accounts

Loading...