Update 5/3/24: They now released a 4.70% 18-month special
The Offer
- Navy Federal Credit Union is offering a 15-month CD with an interest rate of 5.00% APY.
The Fine Print
- Open with as little as $50. You can keep adding money up to $250,000.
- Limit one Special 15-Month Certificate (Share Only) per member.
- This offer, including the stated Annual Percentage Yield (APY), is effective as of January 9, 2023. Navy Federal reserves the right to end or modify this offer at any time.
- Excludes IRA and ESA certificates.
- The Special 15-Month Certificate (Share Only) has a $50 minimum balance and a $250,000 maximum balance. Additional deposits are allowed at any time, subject to the maximum balance. Dividends earned are not included in the maximum balance allowed.
- Once the promotional rate is applied to a purchased certificate, it will remain in effect for the length of the product term. Penalties apply for early withdrawals from certificate accounts. Other restrictions may apply.
Our Verdict
This is a decent/good CD rate for military families. Readers note that this is an “add-on” CD which means you can open it now with a $50 placeholder amount, and then choose to add on to the balance throughout the term, as you find fit. Nice!
Update History:
- Update 3/4/23: They changed the end-date on this offer to tomorrow, March 5th.
