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CDs up to 4.60% at Navy Federal
Navy Federal Credit Union has a number of interesting CDs available. Possibly the most interesting is their 4.60% APY, 30-month CD. This CD is available only as an IRA CD or a Coverdell ESA CD, and it has a minimum of $15,000. Navy Federal is also offering a 6-month CD that’s yielding 3.25% APY. This CD has a minimum of $10,000, although you can get a 6-month, 3.00% APY CD with a minimum of $100. Navy Federal is also offering a 1-year, 3.75% APY CD, although this CD has a few hitches: It has a maximum of only $5000, you can’t currently have a CD (of any term) with Navy Federal, and members age 18 or older must have a minimum direct deposit of $300 to a Navy Federal checking account prior to purchase and establish a monthly automatic deposit of at least $10 to the CD. Navy Federal has some good long-term traditional CDs as well: Their 5-year CD is yielding 3.85% APY for deposits over $20,000 (3.70% APY under $20k, 4.00% APY over $100k), and their 7-year CD is yielding 4.25% APY, also for deposits more than $20,000 (4.10% under $20k).
Navy Federal Credit Union is open to all active duty, reservist, and retired Navy and Marine Corps (and their families), as well as civilian Navy employees and contractors. There are two Navy Federal branches in Great Lakes — at the Naval Station Great Lakes (847-785-0551) and the Recruit Training Command (866-755-4682) — but Navy Federal’s website says to call first because “members who are not assigned to or do not work on these bases may not be able to visit an on-base branch offices or use an on-base ATM.”
(Hat tip to Bank Deals Blog.)
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