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New Higher CD Rates at Navy FCU
Old 01-20-2014, 06:35 AM   #1
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New Higher CD Rates at Navy FCU

3% Plus for LT CD's went up this morning (1/20/2014). Navy FCU follows the lead of Pentagon FCU.
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Old 01-20-2014, 06:40 AM   #2
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Here is a chart of Navy's rates. You'll need to commit to 7 years to get 3%.
Attached Images
File Type: jpg Navy FCU.JPG (46.7 KB, 35 views)
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Can anyone join?
Old 01-20-2014, 08:12 AM   #3
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Can anyone join?

If a person is not a member of the Navy/Navy community, etc..., are there alternative ways to join like PenFed?
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Old 01-20-2014, 08:18 AM   #4
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Originally Posted by JerryinPA View Post
If a person is not a member of the Navy/Navy community, etc..., are there alternative ways to join like PenFed?
No. Here are the eligibility requirements: https://www.navyfederal.org/about/el...-checklist.php
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Old 01-20-2014, 08:50 AM   #5
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What are the early withdrawal penalties?
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Old 01-21-2014, 08:30 PM   #6
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What are the early withdrawal penalties?
Looked all over the website and could not find this info but I have a disclosure from 2012 and it states the lessor of:
  • All dividends for 365 days on the amount withdrawn; or
  • All dividends on the amount withdrawn since date of issuance or renewal
This is for IRA certificates with maturities greater than 5 yrs, but I would expect it to be the same for non-IRA.
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Old 01-21-2014, 09:15 PM   #7
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I hope this is a sign of rates rising on CDs at other banks and credit unions as well. I have a bunch of CDs currently earning a bit more than 3% for the next 9 to 18 months. I considered cashing them in early so that I can reinvest them at the Penfed 3% rate, but ultimately decided to roll the dice and hope that rates are at least 3% in 9-18 months, or hopefully a bit higher.

If not, maybe bonds will be more attractive looking at that time as well. One can only hope.
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Old 01-22-2014, 07:59 AM   #8
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Originally Posted by Ready View Post
I hope this is a sign of rates rising on CDs at other banks and credit unions as well. I have a bunch of CDs currently earning a bit more than 3% for the next 9 to 18 months. I considered cashing them in early so that I can reinvest them at the Penfed 3% rate, but ultimately decided to roll the dice and hope that rates are at least 3% in 9-18 months, or hopefully a bit higher.

If not, maybe bonds will be more attractive looking at that time as well. One can only hope.
Me too. Vanguard, Ally? But it doesn't look likely at all...
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