How Much Can You Earn With Navy Federal Credit Union’s Certificate Rates? Grace Period for Penalty-Free Withdrawals After Maturity Terms of more than 5 years: 365 days’ dividends on the amount withdrawn or all dividends on the amount withdrawn since the date of issuance or renewal, whichever is less.Terms of more than 1 year and up to 5 years: 180 days’ dividends on the amount withdrawn or all dividends on the amount withdrawn since the date of issuance or renewal, whichever is less.Terms of 1 year or less: 90 days’ dividends on the amount withdrawn or all dividends on the amount withdrawn since the date of issuance or renewal, whichever is less.Overview of Navy Federal Credit Union Standard Certificates For terms greater than five years, the penalty is even stiffer. For certificate terms of more than one year and no more than five years, the early withdrawal penalty is the lesser of all dividends for 180 days on the amount withdrawn or all dividends on the amount withdrawn since the date of issuance or renewal. For certificate terms of one year or less, the early withdrawal penalty is the lesser of all dividends for 90 days on the amount withdrawn or all dividends on the amount withdrawn since the date of issuance or renewal. If you take money out of your Navy Federal Credit Union certificate before the term is up, you will pay a penalty for early withdrawal. On Navy Federal certificates, dividends compound daily and are credited monthly. EasyStart Certificates have a lower minimum deposit requirement of $50, but with APYs ranging from 0.40% to 1.35%, they tend to pay slightly lower rates than standard certificates. Navy Federal Credit Union requires a minimum opening balance of $1,000 for its standard certificates. Overview of Navy Federal Credit Union Certificates With all EasyStart Certificates, you have the flexibility to add money at any time.

The credit union’s Special EasyStart Certificate has a 12-month term and pays 3.00% APY, but only on deposits up to $3,000 and only for customers who have a Navy Federal checking account and direct deposit. In addition to its standard certificates, Navy Federal Credit Union also offers EasyStart Certificates, with a minimum deposit of $50 and terms ranging from six months to 24 months. Slightly higher rates are available for a minimum deposit of $100,000, with APYs on all terms increasing by 0.05 of a percentage point.

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