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NFCU Special 3% - 5 Month CD
Old 08-02-2017, 06:59 AM   #1
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NFCU Special 3% - 5 Month CD

Navy Federal Credit Unit has a Special CD that pays 3% on a 5 Month CD. The maximum amount is 10K.

https://www.navyfederal.org/products...|07/31/2017|||

We were discussing this in another thread regarding another bank's CD rates. I just thought I'd point this out in a thread so others are aware.

I ended up maxing out on this deal at 10K since I had some money just setting in a savings account.
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Old 08-02-2017, 07:33 AM   #2
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Thanks for the heads up and I suspect it is usefufor those who already have an account at NFCU with idle money, but with the $10k max it is next to useless to me.... not worth setting up an account for that small an amount.
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Old 08-02-2017, 08:37 AM   #3
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Well, crap, I didn't see this post when I made another one just a few minutes ago.

Still, I'll take $125 in free money in five months. Unless I'm doing the math terrible wrong. Either way, free money!
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Old 08-02-2017, 09:08 AM   #4
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Quote:
Originally Posted by RetiredGypsy View Post
Well, crap, I didn't see this post when I made another one just a few minutes ago.

Still, I'll take $125 in free money in five months. Unless I'm doing the math terrible wrong. Either way, free money!
Your math is correct. I'll also make the same $125. I also take advantage f their 12 Month 3% - 3K max CD. It's a small amount, but far better than any savings account.
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Old 08-02-2017, 07:16 PM   #5
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Very disappointed by the term and cap on this. I just moved a big chunk away from NFCU and it was tough getting them to honor transfer request. Took 2 months to get my money out so I'll need more incentive to open another CD there.
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Old 08-03-2017, 01:31 PM   #6
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NFCU has ben pretty good recently about creating CD options. I agree that the $10K limit takes it off of my radar.
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Old 08-04-2017, 09:15 PM   #7
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I'm in. I have some money sitting in a MMSA that can do better with this deal.
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