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Navy Federal CD rates review

Choose from 8 terms and receive an APY of up to 3.15%, though you’ll need a large deposit.

Navy Federal offers three types of CDs for consumers – Standard CDs, EasyStart, and Special EasyStart. Standard CDs offer a solid variety of terms and competitive APYs, though the highest APYs require lengthy term commitments and big deposits. The EasyStart and Special EasyStart CDs allow for additional deposits at any time and low minimum deposits, though with fewer term options. But watch out for the Standard CDs $1,000 minimum deposit, which is higher than some others on the market.

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1-year APY


3-year APY


5-year APY


3-month APY0.40%
6-month APY0.45%
1-year APY2.30%
18-month APY2.30%
2-year APY2.30%
3-year APY2.70%
5-year APY2.80%
7-year APY3.10%
Early withdrawal penaltyEarly withdrawal penalty not advertised
Minimum deposit to open$1,000
Interest compoundingDaily

Review by

Steven Dashiell is Senior Writer, Personal Finance at Finder specializing in all things credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured on numerous outlets, including U.S. News & World Report, NASDAQ, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.

Expert review

Navy Federal CDs are best for those who prefer a long-term CD and plan on depositing a lot of money. While all of Navy Federal’s CDs are solid, the most valuable APYs are found on the five- and seven-year terms. And to earn the highest APY, you must deposit a minimum $100,000 into the account.
On the whole, Navy Federal’s APYs are competitive, but not among the best on the market. For example, the one-year term offers an APY of 2.3%, or 2.35% if you deposit at least $100,000. By comparison, Bread Financial’s one-year CD sports a 3% APY without large deposit requirements.
Navy Federal one-year CD: $10,000 deposit x 2.3% = $10,230
Bread Financial one-year CD: $10,000 deposit x 3.00% = $10,300
If you’re already a Navy Federal member and prefer sticking with the credit union, you could do much worse than choosing a Navy Federal CD. But if you’re looking for a CD with more flexibility and higher rates, you’ll want to compare all of your options.

You must be a Navy Federal member to open a CD

Navy Federal membership is open to:

  • Active Duty members, reservists, veterans and retirees of the Army, Marine Corps, Navy, Air Force and Coast guard.
  • Delayed Entry Program personnel.
  • Department of Defense civilians.
  • US government employees and contractors assigned to DoD installations.
  • Family members of any of the above.

How do I open a Navy Federal CD?

Navy Federal CDs are available only for Navy Federal members. Open a Navy Federal CD in five steps.

  1. Visit the provider site.
  2. At the top navigation bar, highlight Checking & savings and select Certificates from the drop down menu.
  3. Select the CD you’re interested in opening and hit Open now.
  4. Log in to your Navy Federal account to continue the application. If you’re not a member, sign up by choosing Become a member.
  5. Fill out the requested information and hit Submit. If approved you’ll also need to indicate how you’ll fund your account.


To qualify for a Navy Federal CD you must have or meet the following criteria:

  • US citizenship
  • At least 18 years old
  • US residential address
  • Social Security Number
  • Valid bank account

Required information

Have this information handy when applying for a CD:

  • Primary home address
  • Valid email address
  • Valid phone number
  • Social Security Number
  • Driver’s license or state-issued ID
  • Bank account and routing number of your funding account

Funding options

Add funds to your CD in three ways.

  1. Online transfer. Transfer your funds online with a linked checking or savings account.
  2. Check. Deposit money to your CD in person at a local branch.
  3. Call or mail. Contact Navy Federal for more information at 888-842-6328.

4 benefits of a Navy Federal CD

  1. Competitive APYs. Navy Federal’s APYs are competitive with other top performers on the market.
  2. Wide term selection. The Standard CDs have eight terms to choose from, ranging from three months to five years.
  3. Variety of CD types. In addition to Standard CDs, Navy Federal offers two types of EasyStart CDs. Both require much lower minimum deposits and allow you to add additional funds at any time, though the terms are more limited. The Special EasyStart CD also requires potential consumers to have direct deposit and a checking account.
  4. Long grace period. While most banks give you a 10-day grace period to decide if you want to cash out your CD before it’s automatically renewed, Navy Federal gives you 21 days.

Potential drawbacks of a Navy Federal CD

  1. High minimum deposit. Its lowest minimum deposit is $1,000 with a Standard CDs. We’ve seen other banks and credit unions requiring $500 or less.
  2. Highest APY requires a large deposit and long terms. To earn the highest APY on a deposit you’ll need to deposit at least $100,000 and choose its longest term.

Compare Navy Federal CDs with other CDs

To compare Navy Federal CD rates, select up to four products and choose Compare to view them side by side.

Name Product 6-month APY 1-year APY 5-year APY Minimum deposit to open
Barclays Online CDs
Finder Rating: 4.5 / 5: ★★★★★
Barclays Online CDs
Get competitive rates on CD term lengths from 3 to 60 months. A reliable and secure way to see your money grow.
CIT Bank Term CDs
Finder Rating: 3.5 / 5: ★★★★★
CIT Bank Term CDs
Choose from a range of terms with no maintenance fees and $1,000 minimum to open.
Bread Savings CDs
Finder Rating: 3.8 / 5: ★★★★★
Bread Savings CDs
With a $1,500 minimum deposit, you'll receive competitive interest rates and no hidden fees with this CD. FDIC insured.
Quontic Bank CD
Finder Rating: 5 / 5: ★★★★★
Quontic Bank CD
Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less
State Exchange Bank CD
Finder Rating: 1.5 / 5: ★★★★★
State Exchange Bank CD
Locally-owned independent community bank. FDIC insured. No fees.
Discover CDs
Finder Rating: 3.8 / 5: ★★★★★
Discover CDs
Start saving with $2,500 and enjoy flexible terms from 3 months to 10 years with no account fees.

Compare up to 4 providers

Navy Federal reviews and complaints

There aren’t many customer reviews available for Navy Federal CDs, though a few customers have noted that the APYs on the EasyStart CDs tend to remain stable over time. Navy Federal isn’t accredited with the Better Business Bureau and isn’t rated. The credit union is a verified company on Trustpilot and has a 4.7 rating out of 5.

How do I cash out a Navy Federal CD?

You have several options to cash out your CD after it matures. Choose one of the following within 21 days of maturity.

  • Cash out. Retrieve all of your funds from your CD after the maturity period.
  • Renew to a new account. Choose to renew your deposit to a new term or take out some of the funds and leave the rest for another CD.

Retrieving any funds before the maturity period results in a penalty of the lesser of up to 365 days of dividends earned on the amount or all dividends earned since the date you opened or renewed.

How to contact Navy Federal customer service

Contact Navy Federal with the following methods.

  • Call 888-842-6328.
  • Send a secure message or chat if you’re a Navy Federal member.
  • Visit a local branch to speak with a representative in person.
  • Send physical mail to: Navy Federal, P.O. Box 3000, Merrifield, VA 22119-3000.

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