Update 3/4/23: They changed the end-date on this offer to tomorrow, March 5th.
The Offer
- Navy Federal Credit Union is offering a 15-month CD with an interest rate of 5.00% APY.
The Fine Print
Offer ends by April 30, 2023- Open with as little as $50. You can keep adding money up to $250,000.
- Limit one Special 15-Month Certificate (Share Only) per member.
- This offer, including the stated Annual Percentage Yield (APY), is effective as of January 9, 2023. Navy Federal reserves the right to end or modify this offer at any time.
- Excludes IRA and ESA certificates.
- The Special 15-Month Certificate (Share Only) has a $50 minimum balance and a $250,000 maximum balance. Additional deposits are allowed at any time, subject to the maximum balance. Dividends earned are not included in the maximum balance allowed.
- Once the promotional rate is applied to a purchased certificate, it will remain in effect for the length of the product term. Penalties apply for early withdrawals from certificate accounts. Other restrictions may apply.
Our Verdict
This tops out all available CD rates, good deal for military families. Should be possible to fund up to $250 with a credit card.
Readers note that this is an “add-on” CD which means you can open it now with a $50 placeholder amount, and then choose to add on to the balance throughout the term, as you find fit. Nice!
Hat tip to reader Daniel