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expiredJoeS6345 posted Jan 12, 2023 3:05 AM

Navy Federal Credit Union Members: 15-Month Share Certificate

5% APY

($50 minimum deposit)
102K Views
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Deal Details
Navy Federal Credit Union is offering its Members: 15-Month Share Certificate at 5% APY with minimum $50 deposit.

Thanks to Community Member JoeS6345 for posting this deal.

Note: You must be a Navy Federal Credit Union member to participate in this deal. Click here for membership eligibility info and here for membership application. See Deal Editor's Notes for additional terms & conditions.

Editor's Notes

Written by StrawMan86 | Staff
  • About this deal:
    • 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.
  • About this product:
    • A share certificate is similar to a certificate of deposit (CD) but is issued by a credit union rather than a bank. Like a CD, they're issued for a fixed period of time—generally between 3 months and 7 years. They also earn slightly higher dividends than other savings options. Another advantage of certificates is they provide a safe and secure way to grow your money, regardless of market fluctuations.
  • About this Credit Union:
    • Navy Federal Credit Union is federally insured by the NCUA. More info here.
  • Please refer to the forum thread for additional details & discussion. -StrawMan86

Original Post

Written by JoeS6345
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Navy Federal Credit Union is offering its Members: 15-Month Share Certificate at 5% APY with minimum $50 deposit.

Thanks to Community Member JoeS6345 for posting this deal.

Note: You must be a Navy Federal Credit Union member to participate in this deal. Click here for membership eligibility info and here for membership application. See Deal Editor's Notes for additional terms & conditions.

Editor's Notes

Written by StrawMan86 | Staff
  • About this deal:
    • 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.
  • About this product:
    • A share certificate is similar to a certificate of deposit (CD) but is issued by a credit union rather than a bank. Like a CD, they're issued for a fixed period of time—generally between 3 months and 7 years. They also earn slightly higher dividends than other savings options. Another advantage of certificates is they provide a safe and secure way to grow your money, regardless of market fluctuations.
  • About this Credit Union:
    • Navy Federal Credit Union is federally insured by the NCUA. More info here.
  • Please refer to the forum thread for additional details & discussion. -StrawMan86

Original Post

Written by JoeS6345

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258 Comments

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Jan 12, 2023 4:00 AM
4.9K Comments
Joined Mar 2005
thegman230Jan 12, 2023 4:00 AM
4.9K Comments
Any roundabout way to join?
3
4
Jan 12, 2023 4:08 AM
1.5K Comments
Joined Oct 2008
Smoke1234Jan 12, 2023 4:08 AM
1.5K Comments
wish i was smart to understand all this
1
Jan 12, 2023 4:09 AM
2.5K Comments
Joined Dec 2007
StephenCarboniJan 12, 2023 4:09 AM
2.5K Comments
Quote from thegman230 :
Any roundabout way to join?
I believe any family member who is a veteran.
1
Jan 12, 2023 4:58 AM
38 Comments
Joined May 2008

This comment has been rated as unhelpful by Slickdeals users.

Jan 12, 2023 5:39 AM
152 Comments
Joined Nov 2008
richiexluuJan 12, 2023 5:39 AM
152 Comments
Quote from Smoke1234 :
wish i was smart to understand all this
if you borrow $100 with a 5% APR, you will pay $105 dollars back to the lender you borrowed from. The lender will make $5 in profit.

If Navy Federal borrows $100 from you with the percentage that's posted, how much do you think you'll get?
5
Jan 12, 2023 5:44 AM
1.9K Comments
Joined Apr 2004
jon2249Jan 12, 2023 5:44 AM
1.9K Comments
No loop hole on this one unfortunately. Been trying for a year
1
Jan 12, 2023 8:13 AM
2.8K Comments
Joined Nov 2013

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Jan 12, 2023 2:25 PM
576 Comments
Joined Aug 2013
BluFalconJan 12, 2023 2:25 PM
576 Comments
Quote from AJDemineh :
Ahh wish this was public, instead of just navy. 5% is the goal for me
It's all members of the military and DoD + their families. Not just Navy.
Jan 12, 2023 2:41 PM
809 Comments
Joined Jan 2007
noeffortJan 12, 2023 2:41 PM
809 Comments
Check out brokerage CD's for your IRA. Paying 4% for 1 to 6 months.
5
Jan 12, 2023 3:39 PM
3.9K Comments
Joined Dec 2006
gabrielhJan 12, 2023 3:39 PM
3.9K Comments
Pretty good deal from a large Credit Union. Eligibility to be a member is pretty wide as well.
NFCU have 15 months CD (Credit Unions calls them "Share Certificates") for 5% APY up to 250k.

https://www.navyfederal.org/check...rates.html
1
Jan 12, 2023 4:00 PM
15.4K Comments
Joined Dec 2015

This comment has been rated as unhelpful by Slickdeals users.

Jan 12, 2023 4:33 PM
3.9K Comments
Joined Dec 2006
gabrielhJan 12, 2023 4:33 PM
3.9K Comments

Our community has rated this post as helpful. If you agree, why not thank gabrielh

Quote from Defensivetackle99 :
So if I for example put $1000 today, I would get 5% profit which is $50.0015 month from now?
What do you mean month from now? It's annual percent yield locked for 15 months. So your $1000 will get you $63 profit
1
1
Pro
Jan 12, 2023 4:37 PM
10.2K Comments
Joined Feb 2017
OnePlus7pro
Pro
Jan 12, 2023 4:37 PM
10.2K Comments
Quote from gabrielh :
What do you mean month from now? It's annual percent yield locked for 15 months. So your $1000 will get you $63 profit
I'm hoping people are just kidding but this is the same stupid type of replies that popped up yesterday when this deal was posted.
3
Jan 12, 2023 4:40 PM
3.9K Comments
Joined Dec 2006
gabrielhJan 12, 2023 4:40 PM
3.9K Comments
Quote from OnePlus7pro :
I'm hoping people are just kidding but this is the same stupid type of replies that popped up yesterday when this deal was posted.
Ouch I searched before posting I guess since it doesn't have Navy Federal in the title it didn't show up.
And yeah I wonder how ppl dont understand basic interest rates/math looking at the questions above. Hopefully just kids browsing SD lol.
3

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Jan 12, 2023 4:41 PM
940 Comments
Joined Nov 2010
luniz97Jan 12, 2023 4:41 PM
940 Comments
Quote from OnePlus7pro :
I'm hoping people are just kidding but this is the same stupid type of replies that popped up yesterday when this deal was posted.
If you put in 100k, you will have 106,136.77 by the end of 15 months.

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