The Offer
Direct Link to offer (Targeted?)
- Navy Federal Credit Union is offering a $50 bonus when you open a new EasyStart Share Certificate and make 3 scheduled transfers by April 30, 2024.
The Fine Print
- Offer valid as of January 8, 2024.
- Available to the original recipient of this offer email only; not intended for forwarding or sharing.
- To qualify for the $50 bonus, members must open a new EasyStart Share Certificate beginning January 8, 2024 and complete a total of three (3) automatic/recurring transfers by April 30, 2024.
- All EasyStart terms eligible: 12-month, 18-month, and 24-month. Share certificates only.
- A minimum opening deposit of $50 is required at account opening. Available automatic/recurring transfer frequencies: weekly, biweekly, and monthly.
- Primary account holders 18+ years of age and original offer recipients only.
- Special EasyStart Certificates are not eligible for this offer.
- Manual/one-time transfers are not eligible for the offer.
- Other offer exclusions include IRA and ESA products; Navy Federal Business Solutions accounts; and Navy Federal Trust accounts.
- The qualifying $50 bonus will be credited to the primary owner’s share savings account by May 31, 2024.
- Penalties apply for early withdrawals from the certificate, including any earned dividends. Members may consult a tax consultant or obtain legal advice regarding any tax implications related to the dividend or bonus. Taxes related to the bonus are the member’s responsibility. Navy Federal does not provide tax advice. Limit one $50 EasyStart Share Certificate bonus per member access number.
- Annual Percentage Yield (APY) for accounts – EasyStart Certificate 12-month term 4.95%, 18-month term 4.45%, 24-month term 4.15%. APYs are accurate as of 12/12/2023. Other restrictions may apply.
Our Verdict
Not a large bonus, yet a fairly simple deal to do without large money tied up. What’s cool about NFCU CDs is that the are ‘add-on’ CDs whereby you can lock in the rate now with a small amount of money and then add more into your CD over time if the rate is looking good at a future date.
It’s worth reaching out to NFCU to verify you are eligible for the offer.
Received the email about my bonus:
Whoohoo! You Earned a Cash Bonus
Good News! We deposited a $50 EasyStart Recurring Transfer bonus in your account ending XXXX. You can access your funds now.
Just received email invite “Earn a $50 Bonus and Jumpstart Your Savings”
The terms of this have been updated:
“Available to the original recipient of this offer email or social post only”
Despite the targeted language I have seen this bonus openly advertised.
https://ibb.co/drWnNnM
https://ibb.co/nDvXfQ5
But there is no way to enroll in the offer. Once you are on the offer page, the link to open the account is clean without any promo codes.
The only way I would do this offer is if I planned to open this account anyway. Then, just hope for the best.
It is possible because you are starting from a targeted page, AND maybe in a targeted area, it planted some cookies and is reminding you finish. Esp if you really were targeted from NFCU via email.
I have yet to see those ads… I was not targeted … And viewed that page.
Ye the cookie thing might be true. Found the promo page through Google search and seen the ads in the days afterwards. No email here.
Hi guys! When I inquired with Navy Federal, they told me that I did not qualify because I was not targeted. But then I saw an ad on Facebook, so I emailed them through the secure message, and they asked for proof of where I saw the ad. I then sent them a screenshot of the Facebook ad through the secure messaging portal portal, and they subsequently said that they confirmed that I now qualified. My recommendation is to simply do the same thing to have them confirm you qualify, and then set it up. Hope this helps and good luck! 🙂
I did receive the e-mail and it was in my junk folder, so just an FYI. Also, can the recurring/automatic deposit be just a transfer from my checking account that I initiate? Not sure what they mean by that?
It has to be automatic. In the app, after you open the cd go to transfers tab, make a transfer, select from account, select to easystart cd you just opened, amount, click on date and click on recurring transfer and select frequency. I just did weekly. After third transfer is complete you can just stop the transfers. You can also call the customer service and they will gladly set it up for you
Thanks for the explanation, very helpful!
P1 & P2 not targeted. I wouldn’t bother without the invite.
“Available to the original recipient of this offer email only; not intended for forwarding or sharing.”
Can you fund with a credit card?
No credit card funding. It’s easiest to push funds to Navy first, then fund from your Navy account.
I suppose you need to contact them to make sure you can use this offer, since it appears to be targeted. You shouldnt just open the account online, because you need to be eligible as a service member or relative of a service member to bank at NFCU.
You can’t apply for or open the certificate without logging in… so that’s not an issue.
I received the email and opened one today. Easy $50 bucks.
I also did the one they had last year but it was only $30 bonus.
Oh ye it was $30 last time. Easy money for sure.
DITTO. The risk is worth the squeeze
did you see the bonus offer on you account after logging in? If so, where /when in the application process?
I didn’t get this email but I already have a special easy start CD and you can only have one of those at a time.
This is just a regular easy start CD, but it still is earning 4.95% for 12 months.
I see. Maybe NFCU is only targeting those without any time of easystart CD. I also asked to be targeted and that didn’t work, as expected.
I was targeted and received the email, even though i do have a “special easystart cd” maturing in April (plus savings, no other certificates or checking).
I’m guessing they target people who have an active DD going into the checking acct… but who knows? Both P1 & P2 have done the “special easystart CD” in the distant past, but don’t have a DD there now.
I have DD going into checking account, the special 5% CD they offered last year, and the Special easystart CD that just matured on 1/11 and not renewed and did NOT receive an email.
Ok. The magical targeting machine is a mystery.
Might be because I have the 5% CD that you could add to at anytime and that matures in April. I will contact them tomorrow and see what they say. I did take the dividends out of the 5% APY cd and put them in a savings account paying 5.50%. That is one advantage of having CD’s at Navy Federal. If rates go up you can access the dividends with no penalty.
Not true. I just did it and I have 3 easy start certs