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Solid CD rate at Navy Federal
08-06-2016, 06:56 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Solid CD rate at Navy Federal
For anyone eligible, Navy Federal is running a CD special of 2% for 20 months. This is limited to $20k per member, but it is way above market.
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Ezekiel 23:20
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08-06-2016, 07:08 PM
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#2
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Recycles dryer sheets
Join Date: Apr 2016
Location: Germantown
Posts: 99
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They also do a special rate of 3% on a 12 month CD but it has a $3,000 limit.
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08-06-2016, 07:51 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by AlbaCrush
They also do a special rate of 3% on a 12 month CD but it has a $3,000 limit.
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And they require a direct deposit to get the special rate. The 2% for 20 month deal is no strings attached.
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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08-07-2016, 04:51 AM
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#4
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Recycles dryer sheets
Join Date: Jul 2016
Posts: 144
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Quote:
Originally Posted by brewer12345
And they require a direct deposit to get the special rate. The 2% for 20 month deal is no strings attached.
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Thanks for posting info on 20 month cd. I had seem 12 month deal but it had strings attached.. The 20 month looks appealing.
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08-07-2016, 01:59 PM
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#5
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Recycles dryer sheets
Join Date: Apr 2016
Location: Germantown
Posts: 99
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Quote:
Originally Posted by brewer12345
And they require a direct deposit to get the special rate. The 2% for 20 month deal is no strings attached.
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I never noticed the direct deposit thing. However, it didn't matter because I have direct deposit with NFCU. I've renewed this offer twice. I guess I'll be out of luck when I retire in three weeks and no longer have direct deposit from employer.
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08-07-2016, 05:13 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
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NFCU has consistently had excellent CD rates recently. I glammed on to a 30 month CD @ 2.50% in December.
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Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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08-07-2016, 05:21 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Thanks Brewer
This CD special is new and has an interesting wrinkle, you can start with only$20 and add more at any time (subject to 20k max). That works great for me but too bad it s not available as an IRA.
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08-12-2016, 07:33 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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I contacted NFCU today on another matter so while I had a CSR on the line I asked how long this special CD rate would last and she stated "we hope it runs at least through the month of August". I decided to not take any chances so I opened a small certificate to preserve the rate and I will bump up the deposit when another certificate matures.
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...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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08-12-2016, 05:24 PM
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#9
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 880
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Thanks....opened a $20k CD today. Have also taken advantage of the 3% CD in the past. Just wish it was t such a low max allowed.
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"Tell me, what is it you plan to do with your one wild and precious life?" - Mary Oliver
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08-12-2016, 06:53 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Not sure what they mean by 20k max balance. If the interest brings the balance over 20k does the excess still earn 2%?
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...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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