The Navy Federal Credit Union offers competitive interest rates for their long-term certificate of deposit deals. The highest CD rates are the following:

5 years $1,000 minimum deposit 2.85% APY
5 years $20,000 minimum deposit 3.00% APY

5 years $100K minimum deposit 3.15% APY

7 years $1,000 minimum deposit 3.85% APY
7 years $20,000 minimum deposit 4.00% APY

The seven-year money in the bank deal is only available as Share, IRA, and ESA certificates. The current interest rates are still posted on the credit union’s website as of February 8.

Navy FCU also has an attractive 18-month CD which has the top cd rate of 1.65% APY with an opening requirement of $10,000.

Another good deal is the 30-month CD earning 2.75% APY. This one requires an $18,000 initial deposit.

They also have the special CD offerings called EasyStart Certificate which only requires $50 to open earning 3.25% APY on a one year term. Take note though that this has a small cap of $3,000 and several other requirements to go through. It is also limited to one EasyStart CD per member.

If you have questions about their products and services, you can contact them through 1888-842-6328. You can reach them collect through 1703-255-8837 if you are overseas.

Membership to the Navy FCU is not that very easy. The organization expanded its membership to the members of the Army, Air Force, and the Marine Corps back in 2008 so it will be easier to get in if you have connections from these branches of the service. You can visit their website to learn more about the details on how you can sign up. There is no easy way for people without connection to the service to join the credit union.

The credit union has branches spread across the United States and the world. Navy Federal Credit Union is covered by the NCUA charter number 5536. It is considered as the biggest credit union in the U.S. Its assets amount to about $38.7 billion and a member base of more than 3 million people.