Penalties may apply for early withdrawals from certificate accounts. If you prefer a credit union to a bank, Navy Federal may be the best place to keep your savings. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. $1,000. At this point, you can take those dividends out penalty free. Pre-qualified offers are not binding. NFCU Business Solutions. CD interest, outside the penalty, is compounded daily. The Smart Investor does not include all companies or all offers available in the marketplace and cannot guarantee that any information provided is complete. The 20-month Certificate Special is also an add-on CD, allowing unlimited additional deposits throughout the term. Navy Federal Credit Union requires a minimum opening balance of $1,000 for its standard certificates. This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. 0.45%. For 2-year to 5-year certificates: Up to 180* days of dividends. You can open one with as little as $5, which is extremely rare in the CD market. Learn More Visit the Savings Learning Center. Those not familiar with investing in a CD may find the SaveFirst Account appealing. With that said, the NFCUs certificate accounts can dominate CDs at some major banks. Navy Federal offers several options to members interested in share certificates. Knowing that Navy Federals CD rates are above average is a good place to start if youre considering a share certificate. If so, take advantage of special rates and low minimum purchase with our ESA Special EasyStart Certificate. Email: