Education Certificates
Why Open a Certificate?
- Earn guaranteed returns
- Choose from a variety of terms
- Enjoy flexible minimum deposit amounts.
Explore Our Accounts
Education Savings Certificate (ESA)
Create an education savings plan to best fit your needs at your choice of term length, plus earn at a locked-in rate with an ESA Certificate.
Features:
- Variety of term lengths
- No maximum purchase amount
- Earn tax-free if used for qualified education expenses
Best For:
- Members who want to earn at a higher rate
- Members who don't need flexible access to savings
- Members who are interested in making a single deposit
Short-Term Certificate Rates
Term | $1K Minimum APY | $10K Minimum APY | $20K Minimum APY | $50K Minimum APY | $100K Minimum APY |
---|---|---|---|---|---|
3 Months | 0.40% | 0.40% | 0.40% | 0.40% | 0.45% |
6 Months | 0.45% | 0.45% | 0.45% | 0.45% | 0.50% |
9 Months | 0.50% | 0.50% | 0.50% | 0.50% | 0.55% |
12 Months | 0.55% | 0.55% | 0.55% | 0.55% | 0.60% |
18 Months | 0.60% | 0.60% | 0.60% | 0.60% | 0.65% |
24 Months | 0.65% | 0.65% | 0.65% | 0.65% | 0.70% |
Rates as of Jan 12, 2021 ET.
Long-Term Certificate Rates
Term | $1K Minimum APY | $10K Minimum APY | $20K Minimum APY | $50K Minimum APY | $100K Minimum APY |
---|---|---|---|---|---|
3 Years | 0.80% | 0.80% | 0.80% | 0.80% | 0.85% |
4 Years | 0.85% | 0.85% | 0.85% | 0.85% | 0.90% |
5 Years | 1.01% | 1.01% | 1.01% | 1.01% | 1.05% |
6 Years | 1.01% | 1.01% | 1.01% | 1.01% | 1.05% |
7 Years | 1.01% | 1.01% | 1.01% | 1.01% | 1.05% |
Rates as of Jan 12, 2021 ET.
Education Savings EasyStartSM Certificate
Enjoy building savings quickly and easily with an ESA EasyStart Certificate, offering a low minimum purchase and flexible term lengths.
Features:
- Add money anytime4
- No maximum purchase
- Open multiple certificates
Best For:
- Members who want to build up their savings
- Members who are looking for a variety of terms or laddering
- Members who want to add money at anytime
EasyStart Certificate Rates
Term | APY |
---|---|
6 Months | 0.40% |
12 Months | 0.50% |
18 Months | 0.55% |
24 Months | 0.60% |
Education Savings Special EasyStart Certificate
Do you have direct deposit into your Navy Federal checking account? If so, take advantage of special rates and low minimum purchase with our ESA Special EasyStart Certificate.
Features:
- Add money anytime4
- $3,000 maximum purchase
- Requires checking and direct deposit
- Limit one per primary account holder
Best For:
- Members who want to start saving quickly
- Members who want to take advantage of a special rate
- Members who want to add money at anytime
Education Savings 3-Year Variable Rate Certificate
The 3-year variable rate certificate keeps up with market changes by adjusting your rate on the 12- and 24-month anniversaries of your purchase.
Features:
- Rates that automatically adjust each year
- Add money on the 12- and 24-month anniversaries of your purchase4
- No rate ceiling
- Your rate will never fall more than 0.50% of the original rate
Best For:
- Members who want to leverage changes in the market
- Members who are able to commit to a longer term
- Members who want to add money annually
Want More Information About Saving?
Explore our resources at Navy Federal's Savings Learning Center.
Savings Resources
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College Savings Accounts
Understand the difference in college savings tools with our comparison of ESAs, 529 Plans, Custodial Accounts and Prepaid Tuition.Learn Moreabout College Savings Accounts -
College Savings Calculator
Develop or fine-tune your education savings plan with our College Savings Calculator.Learn Moreabout College Savings Calculator -
Savings Rates
Explore and compare dividend rates of all Navy Federal savings products.Learn Moreabout Savings Rates
Disclosures
Early withdrawals may have tax consequences, in addition to early withdrawal penalties or surrender charges. Consult a tax professional for more information.
↵This APY is accurate as of 01/12/2021. This APY is an annualized rate that reflects estimated earnings based on the dividend rate and frequency of compounding. Dividends compounded daily, credited monthly. Penalties may apply for early withdrawals from certificate accounts. Offering rates may change.
↵Penalties apply for early withdrawals from certificate accounts. Offering rates may change. This APY is accurate as of 01/12/2021.
↵Contributions can be made up to the maximum annual deposit amount of $2,000 per child per year.
↵Limit one Special EasyStart Certificate per member. Navy Federal reserves the right to end or modify this offer at any time. Penalty for early withdrawal. The Special EasyStart Certificate has a $50 minimum balance and a $3,000 maximum balance. Additional deposits are allowed at any time, subject to the maximum balance. Certificate owner(s) age 18 and older must have Direct Deposit of Net Pay or payroll allotment and a Navy Federal checking account within 90 days of the certificate issue date. If these requirements have not been satisfied by the 90th day, your Special EasyStart Certificate dividend rate will be reduced to the prevailing dividend rate of the 12-month EasyStart Certificate for the remainder of the certificate’s term.
↵Rates for 3-Year Variable Rate Certificates adjust each year on the anniversary date of the purchase. Penalties apply for early withdrawals from certificate accounts. Offering rates may change. This APY is accurate as of 01/12/2021.
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