16 January, 2023:
New offer: 15 month certificate, 5% YIELD, (not rate
I see nothing about direct deposit being required. You would
need to qualify for membership.
Minimum $50, maximum is bumped up to $250,000.00.
Subject to the maximum, you can add to it as you go along.
"Easy Start." RATE (not yield) = 4.75%.
On $3k, that's a profit of approx. $142.50. https://www.navyfederal.org/checking-savings/savings/savings-resources/certificate-rates.html#SV05
are paying me more than that every MONTH. Of course, I'm investing way more than $3k in those. But the Certificate is insured. It may appeal to some folks. Highest rate I've seen out of Navy
since i opened my account there.
Worst part (aside from having to qualify as an NFCU member)? One must set up direct deposit of one's paycheck.
Now there's the joker in the deck!
NFCU seems to have some decent deals. Current deal from NFCU on DepositAccounts:
15-month Certificate Special, 5.00% APY, $50 min/$250k max deposit, limit one per member, additional deposits at any time, available through April 30, 2023.
Lots of various goodies.
Brokered CD raise quick money nationally but are more expensive for the banks/CUs to offer. Local/branch deals are for captive/dedicated customers and often not as good.
5% for 15 months with beginning deposit of only $50 with additional deposits is not bad.
Just got a family member into it yesterday. Just want to make sure you stay on top of the maturity date so it doesn't rollover into something with a much lower rate when it matures.
I have PenFed also, but I check DepositAccounts.com to see the current deals. I tend to use military related credit unions or Texas based credit unions. Rates were a little better than than what the credit unions pay in my area.