Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Navy Federal 3% 1 Year CD
Old 04-09-2011, 02:41 AM   #1
Full time employment: Posting here.
RetiredGypsy's Avatar
Join Date: Mar 2008
Posts: 934
Navy Federal 3% 1 Year CD

I found I had some more cash laying around than I knew what to do with, so I went looking for short term bills and CDs to see if I could beat the 0.95% my ING account is offering.

I found this nice little gem with Navy Federal, 3% APY for a year, although it's only for a pretty small sum. Still more than I'd get with that small sum anywhere else I've found for such a short period.

I called to ask whether or not retirees getting direct deposit still qualified, and was told as long as there's a direct deposit amount over $300/month, you're good to go.

I don't know if it's worthwhile to anyone else, but it's going to offset the seasons of Dr. Who I just bought.

Special EasyStartSM Certificate1

Our 3.00% APY* Special EasyStart Certificate is the perfect
way to jump-start your savings!

  • Open with just $50
  • 12-month term
  • $3,000 maximum balance
1) This offer is effective March 28, 2011. $3,000 maximum balance. Only one Special EasyStart Certificate per member is allowed. Certificate owner(s) age 18 and older must have Direct Deposit of Net Pay (minimum $300 per direct deposit), a Navy Federal checking account, and a monthly automatic transfer of at least $15 into your Special EasyStart Certificate within 90 days of the certificate issue date. If these requirements are not met, your Special EasyStart Certificate dividend rate will be reduced to the prevailing dividend rate of a standard EasyStart Certificate for the remainder of the certificate's term. At maturity, the Special EasyStart Certificate will automatically renew to a $100 minimum, standard EasyStart Certificate at the prevailing dividend rate unless member specifies otherwise.

I'm free and I like it!
RetiredGypsy is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-09-2011, 07:22 AM   #2
Thinks s/he gets paid by the post
nun's Avatar
Join Date: Feb 2006
Posts: 4,844
Interesting. It's obviously not applicable for most people on this board, but UK saving interest rates are around 3% for a 1 year term. Also the UK has an Individual Saving Account that is tax free, like a ROTH, but it isn't for retirement and you can get at the money without penalty once the saving term is it's like a tax free CD. This is something I'd like to see in the US. For 4 year terms the rates go up to 4.4%, remember that's UK tax free, so you can build a nice ladder.

Halifax Savings - Fixed rate ISA Saver - Cash ISA interest rates

Now the big question......which Dr?
nun is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Retire from the Navy in 2017 HawkeyeNFO Hi, I am... 36 10-02-2017 07:47 PM
Navy Federal CU Membership Eligiblilty Widens OAG FIRE and Money 13 06-09-2008 04:37 PM
43-year old, almost-lawyer, still immersed in federal debt cmarino Hi, I am... 0 03-03-2008 09:00 AM
concerning a certain Navy video... Khan Other topics 8 08-20-2007 02:26 PM
Federal Funds Rate Prediction Year-End 2006 Danny FIRE and Money 7 05-10-2006 05:24 PM


All times are GMT -6. The time now is 05:55 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.