Forbes Advisor: Top CD Rates in Pennsylvania for February 2024

Enhance your savings strategy with Navy Federal Credit Union‘s EasyStart Certificates, known for their competitive APY rates up to 4.95%. Offering a wide variety of terms from six to 24 months, and a convenient low opening deposit of just $50, these certificates are an excellent option to kickstart your savings journey. Unlike most traditional CDs, the EasyStart Certificate permits you to add funds anytime, with the added advantage of auto-deposit functionality.

Special EasyStart Certificate — A High Earning Savings Option

Navy Federal Credit Union’s Special EasyStart Certificate earns a whopping 5.30% APY. However, it’s important to note that this option is capped at a maximum deposit of $3,000 and necessitates an accompanying checking account with direct deposit facilitation. For those seeking limitless deposit opportunities, their standard certificates are an ideal choice. The 12, 18, and 24-month standard certificates are also known to offer competitive rates.

Eligibility Criteria to Open an Account

To invest in these high-yield certificates, you must first become a member of the Navy Federal Credit Union. Membership eligibility extends to members of the armed forces, veterans, family members of current or retired service personnel, or employees of the Department of Defense. Learn more about the credit union in our comprehensive Navy Federal Credit Union Review.

Understanding the Terms and Conditions

With the Navy Federal Credit Union’s certificates, interests are compounded daily and credited monthly. Upon certificate maturity, a 21-day grace period allows for any desired account adjustments. If no changes are made during this time, your account will automatically renew. It’s important to remember that withdrawals before the maturity date may incur a penalty. The penalty amount will depend on the term length of your certificate.