Forbes Advisor: Top CD Rates in Pennsylvania for February 2024

Overview of Navy Federal Credit Union’s EasyStart Certificates

Boost your savings with Navy Federal Credit Union’s EasyStart Certificates, offering a desirable APY of up to 4.95%. Savers can enjoy term lengths from six to 24 months, perfect for short to mid-term saving goals. The minimum deposit requirement is low at just $50, making these certificates an excellent choice for those starting their savings journey. Unlike traditional CDs, additional deposits to your EasyStart Certificate can be made at any time, and setting up recurring automatic deposits is also an option.

The Navy Federal Credit Union Special EasyStart Certificate

In addition to the standard EasyStart Certificate, the Navy Federal Credit Union also offers a Special EasyStart Certificate. With a whopping 5.30% APY, this option is appealing, although it comes with a maximum deposit cap of $3,000 and necessitates a checking account with direct deposit. However, the standard certificates have no maximum deposit limit, and the 12, 18, and 24-month terms offer competitive rates.

Eligibility for Navy Federal Credit Union Membership

To avail of these high-yield savings options, you must become a member of Navy Federal Credit Union. Eligibility extends to members of the armed forces, veterans, family members of present or retired service members, and Department of Defense employees.

To learn more, check out our comprehensive Navy Federal Credit Union Review.

Understanding Interest and Withdrawal Policies

With Navy Federal Credit Union’s certificates, interest compounds daily and is added to your account on a monthly basis. Upon maturity of your CD, you have a 21-day grace period to make any amendments to your account. If no changes are made, the account will automatically renew. Do note that any withdrawals of your principal deposit before the maturity date will incur a penalty, which may vary based on term length.