Certificate Rates
Short-Term Certificate Rates (Share, IRA, ESA) 3
Short-term certificates are best for:
- Enjoying increased dividend rates coupled with shorter term lengths
- Individuals who are interested in making a single deposit
- Having the freedom to renew the certificate after the maturation date
Term | $1K Minimum APY | $20K Minimum APY | $100K Minimum APY |
---|---|---|---|
3 Months | 2.75% | 2.75% | 2.80% |
12 Months | 5.05% | 5.05% | 5.10% |
18 Months | 4.50% | 4.50% | 4.55% |
24 Months | 4.20% | 4.20% | 4.25% |
Rates as of Mar 28, 2024 ET. |
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The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly. |
Long-Term Certificate Rates (Share, IRA, ESA)3
Long-term certificates are best for:
- Individuals who don't need flexible access to savings
- Setting aside funds for several years at a time
- Safely ensuring money growth despite possible market fluctuations
Term | $1K Minimum APY | $20K Minimum APY | $100K Minimum APY |
---|---|---|---|
3 Years | 4.00% | 4.00% | 4.05% |
5 Years | 3.80% | 3.80% | 3.85% |
7 Years | 3.80% | 3.80% | 3.85% |
Rates as of Mar 28, 2024 ET. |
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The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly. |
SaveFirst Account Rates3
SaveFirst Accounts are best for:
- Saving money for a special occasion without being tempted to spend it
- Making additional deposits to the account to reach your goal more quickly
- Setting your own terms to match your goal date
Product | Minimum Deposit | Term | Dividend Rate | APY |
---|---|---|---|---|
SaveFirst Account | $5.00 | 3–60 Months | 0.40% | 0.40% |
The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly.
EasyStart Certificate Rates (Share, IRA, ESA)3
EasyStart Certificates are best for:
- Saving at a higher rate of return with a low minimum deposit
- Making additional deposits at any time
- Enjoying flexible term lengths
Term | Minimum Deposit | Dividend Rate | APY |
---|---|---|---|
12 Months | $50.00 | 4.83% | 4.95% |
18 Months | $50.00 | 4.35% | 4.45% |
24 Months | $50.00 | 4.07% | 4.15% |
Rates as of Mar 28, 2024 ET. |
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The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. Subject to IRS annual contribution limits for IRAs. |
Frequently Asked Questions
What’s the Difference Between a Share Certificate and a CD?
They’re pretty similar. The difference is whether you open an account at a credit union or a bank. You can get share certificates at credit unions (not-for-profit) and CDs at banks (for profit).
Why Open a Certificate Account?
They typically earn a higher savings rate than you'd get with a traditional savings account. Plus, they’re federally insured, which means they're a great, low-risk way to boost your savings. And, because you open them for a specific period of time, it's easier to make saving a habit. At Navy Federal, you can ignite your savings with some of the best rates in the industry!
How to Choose the Best Certificate for You
- The first thing you’ll need to decide is how long you can leave your money untouched. In general, the longer your certificate’s term, the higher your rate will be.
- Next, see if the certificate requires a minimum deposit amount and, if so, whether it fits your budget. You’ll also need to know if there’s a maximum amount you can deposit.
- Then, you’ll determine if the certificate you’re choosing will allow you to make additional deposits after opening, or if you can only make a one-time deposit.
- Finally, find out what types of penalties are involved if you withdraw money early.
Check Out Our Other Savings Rates
From traditional savings accounts to money market and jumbo money market accounts to IRAs, take a look at our red-hot rates!
Disclosures
Limit one Special EasyStart Certificate per member. Annual percentage yield (APY) accurate as of 03/28/2024. 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.
↵This offer, including the stated Annual Percentage Yield (APY), is effective February 12, 2024. Navy Federal reserves the right to end or modify this offer at any time. The rate is applicable to the 12-Month certificate term only. Minimum purchase amounts of $1,000, $20,000 APY 5.05%. Minimum purchase amount of $100,000 APY 5.10%. No maximum purchase amount. IRA/ESA certificate subject to IRS contribution limits. Additional deposits are not allowed. Penalties apply for early withdrawals from certificates. Other restrictions may apply.
Rates as of 03/28/2024
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