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Attention Navy Federal CD shoppers...
Old 03-03-2015, 10:54 AM   #1
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Attention Navy Federal CD shoppers...

I don't currently have any cash looking for a home, but I thought somebody might find this useful. This morning I got the following from Navy Federal: "Open a new share certificate of your choice and get a 0.50% increase on current dividend rates.2 Use promo code Cert2015. "

If you add the promotional 50BP to their published rates you can get a 5 year CD at 2.5%. This is above even the fly by nights that top the national 5 year CD rates.
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Old 03-03-2015, 12:38 PM   #2
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CIT bank is offering 2.5% for 5 years so about the same. The better deal looks to be the 30 months @ 2.25%
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Old 03-03-2015, 12:53 PM   #3
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Tried to open one online - no place to put the code - called talked to Shirley she says you got to do it online - told her there is no place to enter the code - she said she can not do it manually it has to be done online, I said where do I enter the code - she said start from the home page - said goodbye and hung up on me. So good luck using the code, I gave up.
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Old 03-03-2015, 01:08 PM   #4
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There is a place to stick the code about 2/3 of the way down the form here:


https://dias.navyfcu.org/web/webapps.nsf/easystart_app?
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Old 03-03-2015, 01:10 PM   #5
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Originally Posted by brewer12345 View Post
There is a place to stick the code about 2/3 of the way down the form here:


https://dias.navyfcu.org/web/webapps.nsf/easystart_app?
Thank you Brewer. I appreciate it. I called back in and Shirley answered the phone - .

I did the 1 year special $100 min at the current rate of .85% that you can add money too. That is probably the best deal - 1.35% for a one year that you can add.
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Old 03-03-2015, 01:21 PM   #6
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CIT bank is offering 2.5% for 5 years so about the same. The better deal looks to be the 30 months @ 2.25%
Best I see at CIT is 2.32% for a jumbo.

If the early withdrawal penalty is the same, I mostly just go for the highest rate offered.
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Old 03-03-2015, 03:32 PM   #7
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I'm holding out for another NFCU 1 year CD @ 5%.
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Old 03-03-2015, 07:43 PM   #8
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Thank you again, Brewer.


Was just posted to my account:
1.350% for 12 mo. 03/03/2016
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Old 03-03-2015, 09:23 PM   #9
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Best I see at CIT is 2.32% for a jumbo.

If the early withdrawal penalty is the same, I mostly just go for the highest rate offered.
I had to e-mail CIT to find out the early w/d penalty , could not find it on the site a few mo. ago

. It's one year of interest on the 5 year cd. I am not a customer and they replied within 4 business hours .

I'l see if I still have the e-mail, may have the e.w.d. penalty for other cd's

"Our CD penalties are as followed:

6 Month – 1 Year CDs: 3 Months Interest Penalty
2 Year – 3 Year CDs: 6 Months Interest Penalty
4 Year – 5 Year CDs: 1 Years Interest Penalty

Please feel free to call our customer service center at 855-462-2652 or email us at BankOnCIT@cit.com if you have any questions."
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Old 03-04-2015, 10:24 AM   #10
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Lakewood, 1 year of interest seems to be the market standard penalty for longer term CDs. With rates as low as they are, it isn't much of a hurdle if rates spike. Since I have yet to surrender a CD early, its mostly been a moot point for me.
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Old 03-04-2015, 07:59 PM   #11
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I don't think I can join navy federal. The closest I have to connections to the military is my deceased father who was in the navy - but that doesn't seem to be an option. I'm bummed as I need to move some cash into CDs.

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Old 03-04-2015, 10:00 PM   #12
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I don't think I can join navy federal. The closest I have to connections to the military is my deceased father who was in the navy - but that doesn't seem to be an option. I'm bummed as I need to move some cash into CDs.
Do you have any family members that are fed employees? Seems "contractors, etc." could be a grey area (Navy pun ) to obtain membership.

Sponsoring member's affiliation (i.e., Army, Air Force, Contractor, etc.)
https://www.navyfederal.org/about/wh...d-to-apply.php
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Old 03-05-2015, 12:30 AM   #13
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Thanks Brewer......this might be just what I need to fill some rungs on my ladder.

Navy Federal is also doing the "add-on" CD promotion this year but I have not seen it publicized anyplace. They let me add funds to an existing CD and get the same rate for the remainder of the term so I effectively got a 26 month CD @ 4%.
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