Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
Start saving
Annual Percentage Yield (APY)
0.45% to 4.95%
Minimum Deposit Amount
$1,000
- Competitive APY, even for lower balances
- Terms up to 7 years
- $1,000 opening deposit
- Minimum $100k to earn highest APY with some terms
- Standard-to-high early withdrawal penalties
Insider’s Take
Navy Federal CD rates are high overall, with the exception of its 6-month terms — you’ll find the best 6-month CD rates elsewhere. The SaveFirst Account rates are only so-so, but they’re some of the few CDs out there that allow you to add more money to your account during the term.
Product Details
- Join Navy Federal Credit Union as an active military member, military veteran, Department of Defense employee/retiree, or family member of any of the aforementioned groups
- 354 branches worldwide, including on select military bases
- Terms ranging from 3 months to 7 years
- Earn higher APY with a higher balance
- Early withdrawal penalty of 90 days dividends for terms of 3 months to 1 year; 180 days dividends for terms of 1 year to 5 years; 365 days interest for terms of 6 and 7 years
- Interest compounded daily, paid monthly
- Federally insured by the NCUA
Navy Federal CD Rates
Navy Federal Standard Certificate Rates
The Navy Federal Credit Union Standard Certificate pays 0.45% to 4.95% APY (Annual Percentage Yield). There’s a $1,000 minimum deposit, but it has a tiered interest rate system so you’ll earn more with higher deposits. Right now, you won’t earn the best rate unless you have at least $100,000.
| CD Term | $1k Minimum APY | $20k Minimum APY | $100k Minimum APY |
| 3 months | 4.00% | 4.00% | 4.05% |
| 6 months | 0.45% | 0.45% | 0.50% |
| 1 year | 4.90% | 4.90% | 4.95% |
| 18 months | 4.50% | 4.50% | 4.55% |
| 2 years | 4.20% | 4.20% | 4.25% |
| 3 years | 4.20% | 4.20% | 4.25% |
| 5 years | 4.00% | 4.00% | 4.05% |
| 7 years | 4.00% | 4.00% | 4.05% |
Navy Federal EasyStart Certificate Rates
The Navy Federal Credit Union EasyStart℠ Certificate pays 0.40% to 5.30% APY, and you only need $50 to open an account. Here are the interest rates:
| EasyStart CD term | APY |
| 6 months | 0.40% |
| 1 year | 4.85% |
| 1-year special EasyStart certificate | 5.30% |
| 18 months | 4.45% |
| 2 years | 4.15% |
Navy Federal SaveFirst Account Rates
You can open a Navy Federal Credit Union SaveFirst Account with only $5. It pays 0.40% APY, so the rate isn’t great — but you get to choose your own term length between three and 60 months, and unlike with most CDs, you can contribute more money after opening the account.
Navy Federal CD Rates Pros and Cons
| Pros | Cons |
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How Navy Federal CD Rates Compare
Navy Federal CDs vs. USAA CDs
USAA CD rates are competitive on certain terms. The bank pays up to 5.25% APY, and the best rate between the two institutions may depend on which term you choose.
USAA does have some specialty CDs that let you adjust the interest rate during your term and make additional deposits — but the rates aren’t nearly as high as what Navy Federal offers.
USAA Bank Review
Navy Federal CDs vs. PenFed CDs
Pentagon Federal Credit Union is another credit union for military families. It has certificates with rates up to seven years that pay 3.00% to 5.35% APY. Both credit unions pay strong CD rates overall, but the best rate between the two will depend on which term you choose.
PenFed doesn’t have any specialty CDs like Navy Federal does. It’s also worth noting that although PenFed CD rates are high overall and compound interest daily on most terms, its 6-month CD doesn’t compound interest at all.
PenFed Review
Why You Should Trust Us: How We Reviewed Navy Federal CDs
To review Navy Federal Credit Union certificates, we used Insider’s certificate of deposit methodology.
We evaluate the company’s ethics, mobile app, and customer service. Then we look at certificates’ interest rates, minimum deposits, variety of terms, and early withdrawal penalties. We give each category a rating between 0 and 5. Then we average their scores together and assign each CD a score from 0 to 5.
SoFi Checking and Savings
Earn up to a $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. Earn up to 4.60% APY on savings balances (including Vaults) with direct deposit
Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
Start saving
Annual Percentage Yield (APY)
0.45% to 4.95%
Minimum Deposit Amount
$1,000
- Competitive APY, even for lower balances
- Terms up to 7 years
- $1,000 opening deposit
- Minimum $100k to earn highest APY with some terms
- Standard-to-high early withdrawal penalties
Insider’s Take
Navy Federal CD rates are high overall, with the exception of its 6-month terms — you’ll find the best 6-month CD rates elsewhere. The SaveFirst Account rates are only so-so, but they’re some of the few CDs out there that allow you to add more money to your account during the term.
Product Details
- Join Navy Federal Credit Union as an active military member, military veteran, Department of Defense employee/retiree, or family member of any of the aforementioned groups
- 354 branches worldwide, including on select military bases
- Terms ranging from 3 months to 7 years
- Earn higher APY with a higher balance
- Early withdrawal penalty of 90 days dividends for terms of 3 months to 1 year; 180 days dividends for terms of 1 year to 5 years; 365 days interest for terms of 6 and 7 years
- Interest compounded daily, paid monthly
- Federally insured by the NCUA
Navy Federal CD Rates
Navy Federal Standard Certificate Rates
The Navy Federal Credit Union Standard Certificate pays 0.45% to 4.95% APY (Annual Percentage Yield). There’s a $1,000 minimum deposit, but it has a tiered interest rate system so you’ll earn more with higher deposits. Right now, you won’t earn the best rate unless you have at least $100,000.
| CD Term | $1k Minimum APY | $20k Minimum APY | $100k Minimum APY |
| 3 months | 4.00% | 4.00% | 4.05% |
| 6 months | 0.45% | 0.45% | 0.50% |
| 1 year | 4.90% | 4.90% | 4.95% |
| 18 months | 4.50% | 4.50% | 4.55% |
| 2 years | 4.20% | 4.20% | 4.25% |
| 3 years | 4.20% | 4.20% | 4.25% |
| 5 years | 4.00% | 4.00% | 4.05% |
| 7 years | 4.00% | 4.00% | 4.05% |
Navy Federal EasyStart Certificate Rates
The Navy Federal Credit Union EasyStart℠ Certificate pays 0.40% to 5.30% APY, and you only need $50 to open an account. Here are the interest rates:
| EasyStart CD term | APY |
| 6 months | 0.40% |
| 1 year | 4.85% |
| 1-year special EasyStart certificate | 5.30% |
| 18 months | 4.45% |
| 2 years | 4.15% |
Navy Federal SaveFirst Account Rates
You can open a Navy Federal Credit Union SaveFirst Account with only $5. It pays 0.40% APY, so the rate isn’t great — but you get to choose your own term length between three and 60 months, and unlike with most CDs, you can contribute more money after opening the account.
Navy Federal CD Rates Pros and Cons
| Pros | Cons |
|
|
How Navy Federal CD Rates Compare
Navy Federal CDs vs. USAA CDs
USAA CD rates are competitive on certain terms. The bank pays up to 5.25% APY, and the best rate between the two institutions may depend on which term you choose.
USAA does have some specialty CDs that let you adjust the interest rate during your term and make additional deposits — but the rates aren’t nearly as high as what Navy Federal offers.
USAA Bank Review
Navy Federal CDs vs. PenFed CDs
Pentagon Federal Credit Union is another credit union for military families. It has certificates with rates up to seven years that pay 3.00% to 5.35% APY. Both credit unions pay strong CD rates overall, but the best rate between the two will depend on which term you choose.
PenFed doesn’t have any specialty CDs like Navy Federal does. It’s also worth noting that although PenFed CD rates are high overall and compound interest daily on most terms, its 6-month CD doesn’t compound interest at all.
PenFed Review
Why You Should Trust Us: How We Reviewed Navy Federal CDs
To review Navy Federal Credit Union certificates, we used Insider’s certificate of deposit methodology.
We evaluate the company’s ethics, mobile app, and customer service. Then we look at certificates’ interest rates, minimum deposits, variety of terms, and early withdrawal penalties. We give each category a rating between 0 and 5. Then we average their scores together and assign each CD a score from 0 to 5.
SoFi Checking and Savings
Earn up to a $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. Earn up to 4.60% APY on savings balances (including Vaults) with direct deposit
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