That Navy Federal Credit Union (NFCU) - sometimes they really rock! They've just announced their Celebration Certificate of Deposit offer, which earns 5.0% interest for 12 months, up to $5,000. I have looked and looked, and I can not find another offer that comes even close to these rates.
Navy Federal MembershipNFCU is a federally insured credit union with membership open to a wide range of military folks, not just Navy. This includes:
DEPARTMENT OF DEFENSE (DOD) UNIFORMED PERSONNEL Army, Marine Corps, Navy, and Air Force Active Duty, reservists, National Guard, retirees, and annuitants
UNITED STATES COAST GUARD PERSONNEL including Active Duty, reservists, civilian employees, retirees, and annuitants
ARMY AND AIR NATIONAL GUARD PERSONNEL civilian employees, retirees, and annuitants
DELAYED ENTRY PROGRAM (DEP) PERSONNEL Please call 1-888-842-6328 to apply.
DOD OFFICER CANDIDATE PROGRAMS Midshipmen and cadets at the United States Naval Academy, United States Military Academy, United States Air Force Academy, United States Coast Guard Academy, United States Merchant Marine Academy, and other officer programs.
U.S. GOVERNMENT EMPLOYEES ASSIGNED TO DOD INSTALLATIONS including Coast Guard
DOD CIVILIAN EMPLOYEES including retirees and annuitants
DOD CONTRACTORS ASSIGNED TO U.S. GOVERNMENT INSTALLATIONS
FAMILY MEMBERS including grandparents, parents, spouses, siblings, grandchildren, children (including adopted and stepchildren), and household members. Once your family members have joined, their family members are also eligible for membership.
The Certificate OfferThis limited time Celebration Certificate offer is limited to one certificate per member, but you can have one for each family member. The certificate has a $25 minimum balance and a $5,000 maximum balance, and you can add to the certificate during the term (up to the maximum.) It has a 12 month term.
There is a penalty if you terminate the certificate prior to the end of the term. However, the penalty for a 1 year or less CD is 90 days interest, so you will still come out ahead if you don't have quite the whole year to wait.
If you have some money sitting in savings, this CD is definitely a great value. We've done them before and I am always glad for that extra interest.