Navy Federal Credit Union
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Navy Federal Credit Union 1 Year CD Rates
| Type | Fixed |
| Rate | 2.40% |
| Currency | USD |
Website: http://www.navyfederal.org
Authority: Navy Federal Credit Union is one of the biggest credit unions in the United States. It has a restricted membership to provide services and products to military personnel (current and retired) and their families. It was formed in 1933 and its deposits are federally insured by NCUA.
How to open a Navy Federal Certificate of Deposit:
- By visiting the Navy Federal website you can make an online direct application directly: www.navyfederal.org
- By calling their 'savings line' by telephone on 1-888-842-6328 for any questions completing an application.
- Visit physically a Navy Federal branch which is available in approximately 31 states in the U.S. You can find your nearest branch from the website and speak to a representative who can assist you in opening this product.
What information may you be required to provide when opening an online Navy Federal Credit Union Certificate of Deposit:
Navy Federal may require you to provide First and Last Name, SSN (Social Security Number), Home phone number, date of birth as well as funding information.
Information about NCFU 1 Year CD Interest Rates:
Like other credit unions, at the NCFU the 'savings account' product is named a 'share savings account' and a CD or certificate of deposit is sometimes called a 'share certificate' indicating that a member's initial savings and deposit represent a kind share of ownership in the credit union.
At Navy Federal a 1 Year Bank CD product or share certificate equivalent while considered a short term investment has less liquidity than a share savings account and therefore a higher rate of return on interest. Similar to bank CD products it is also influenced by the economy and the associated monetary policies of the Federal Reserve when they raise or lower the fed fund rate. They may be influenced net interest margins, competition for deposits, liquidity requirements, costs of funding and regulations requirements.
The interest rate indicated is for the 'Short-Term Certificate' product and is for a 1 year term with a minimum of $100,000 deposit.
The rate of 2.40% is 2.4% higher than the average 0%. Also it is -2.4 % lower than the highest rate Updated Aug, 2019
Website: http://www.navyfederal.org
Authority: Navy Federal Credit Union is one of the biggest credit unions in the United States. It has a restricted membership to provide services and products to military personnel (current and retired) and their families. It was formed in 1933 and its deposits are federally insured by NCUA.
How to open a Navy Federal Certificate of Deposit:
- By visiting the Navy Federal website you can make an online direct application directly: www.navyfederal.org
- By calling their 'savings line' by telephone on 1-888-842-6328 for any questions completing an application.
- Visit physically a Navy Federal branch which is available in approximately 31 states in the U.S. You can find your nearest branch from the website and speak to a representative who can assist you in opening this product.
What information may you be required to provide when opening an online Navy Federal Credit Union Certificate of Deposit:
Navy Federal may require you to provide First and Last Name, SSN (Social Security Number), Home phone number, date of birth as well as funding information.
Information about NCFU 1 Year CD Interest Rates:
Like other credit unions, at the NCFU the 'savings account' product is named a 'share savings account' and a CD or certificate of deposit is sometimes called a 'share certificate' indicating that a member's initial savings and deposit represent a kind share of ownership in the credit union.
At Navy Federal a 1 Year Bank CD product or share certificate equivalent while considered a short term investment has less liquidity than a share savings account and therefore a higher rate of return on interest. Similar to bank CD products it is also influenced by the economy and the associated monetary policies of the Federal Reserve when they raise or lower the fed fund rate. They may be influenced net interest margins, competition for deposits, liquidity requirements, costs of funding and regulations requirements.
The interest rate indicated is for the 'Short-Term Certificate' product and is for a 1 year term with a minimum of $100,000 deposit.
The rate of 2.40% is 2.4% higher than the average 0%. Also it is -2.4 % lower than the highest rate Updated Aug, 2019
Type
Fixed
Rate
2.40%
Currency
USD
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