Navy Federal Credit Union 4.70% APY 18-Month CD

Update 5/3/24: They now released a 4.70% 18-month special

The Offer

Direct Link to 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.
    Chuck
  • On May 3, 2024, 16:41
Tags: high yieldNavy Federal Credit Union (NFCU)

View Comments (89)

  • Was thinking to open multiple 18 month certificates and treat them as no-penalty CD(s).

  • Interactive Brokers sweep interest rate is 4.83 percent. No lockup period. Other brokers might similar rates via non-sweep MMFs. Hope this helps.

  • .4.7% APY for 18 months. Not bad. Looks like it's a Add-on CD. Will open one just in case there's a sharp rate drop. Thanks DoC!

  • I did the math on this because as a NFCU member I'd been using their CDs but wasn't particularly thrilled by the 4.7% APY. However, the difference between this and a 5% offering elsewhere was so minimal that it was just easier to keep with NFCU. Plus the flexibility to add more in over time makes saving at higher rates much easier.

    • At this rate, how many others have the convenience of this CD ($50 minimum, ability to add anytime after opening, one-time withdrawal, walk-in locations, and the integrity of NFCU) makes this a great CD for anyone eligible regardless of military affiliation.

  • Alliant is offering 5.15% APY on 12-17 months CD. (It's listed in the rates table as 12 months but you can choose up to 17 months).

  • Vanguard has 5.1% 18-month Brokered CDs available (from various banks), so this rate can be easily beaten.

    • CDs are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per individual at each bank. 1 Brokered CDs are technically not FDIC-insured.

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