Navy Federal Credit Union Issues New CD Rates
The Navy Federal Credit Union top certificate of deposit rates remain competitive despite its decrease this January. The 6-month CD gains 3.75% APY which is lower by 25 basis points. The minimum deposit to avail of the CD is $10000. The rate table shows 5.10% APY is still among the best cd rates for a 7-year term. The 5-year program is competitive at 4.4% APY. The latter requires a deposit of at least $20K. These certificates of deposits are also available as IRAs.
The Union still has the EasyStart CD offered at 4.25% APY for a 12-month program. The max cap for this is $10000. This is offered on a per individual basis and requires a checking account with the bank and direct deposit of at least $500.
Navy FCU has extended the eligibility for membership to connections with the Air Force, Marines, and the Army. There is still no way for people with no connections to people in the services to join.
They have offices across the United States and around the globe. It is the largest credit union in the US with a declared asset of $35.8 billion and a member base of over 3 million.
It is covered by the NCUA under its charter # 5536.
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Gentlemen, a friend of mine (A. Goutos), has recommended the Navy Fed. Credit Union, to me, and I would like to have some information regarding the opening of a CD account.
I’m a USA Army Vederan and presently reside temporarely overseas. I’m a customer of HSBC and I want to transfer my accounts to NFCU. I receive SS and TIAA-CREF penssion.
Please inform accordingly.
Thank you,
John Camesas
Comment by JOHN CAMESAS — March 19, 2011 @ 12:40 pm