How To Withdraw Money From Navy Federal Certificate

Navy Federal Credit Union provides money-saving products for military members and their families including competitive CD rates, money market accounts, and savings accounts. In this guide, we'll compare Navy Fed's interest rates to CD, checking, and savings account rates from the top banks in the USA.

Let's take a look!

Navy Federal Checking Account Rates
Navy Federal Credit Union Savings Account Rates
Navy Federal Money Market Rates
Navy Federal Credit Union CD Rates
Navy Federal vs.
The Best CD Rates Today
The Best Fixed Annuity Rates Today

Navy Federal Checking Account Rates

Minimum Deposit	Term	APY
$0.00 to $9,999	None	0.35%
$10,000 to $24,999	None	0.40%
$25,000 & over	None	0.45%

*APY=Annual Percentage Yield.

Navy Federal Credit Union Savings Account Rates

Type	Minimum Deposit	APY
SaveFirst Account	$5.00	0.25%

*APY=Annual Percentage Yield.

Navy Federal Money Market Rates

Minimum Balance	APY
$2,500.00	0.40%
$10,000.00	0.45%
$25,000.00	0.45%

Navy Federal Credit Union CD Rates

Term	APY
3 Month	0.40%
6 Month	0.45%
12 Month	0.55%
24 Month	0.55%
3 Year	0.70%
4 Year	0.70%
5 Year	0.90%

APY = Annual Percentage Yield

Certificates of Deposit vs. Fixed Annuity

The Top Fixed Annuities

Fixed annuities offer a guaranteed return for a set amount of years, similar to a CD. Guaranteed crediting rates for the terms below:

2 YEAR TERM: 2.15%
3 YEAR TERM: 2.60%
4 YEAR TERM : 2.60%
5 YEAR TERM: 3.05%
7 YEAR TERM: 3.25%

Grow your money as fast as possible
Principal protection
Interest rate is locked for the term you select
Tax deferred growth
Withdraw annually without penalty
Lump sum death benefits
Accepts cash, 401(k), and IRA Funds

What's The Difference Between a Fixed Annuity and CD?

Feature	Fixed Annuity	CD
Who Offers	Insurance Company	Banks
Premium Amounts	$2,500 to $1 Million	$500 – No Maximum
Terms	2 Years to 20 Years	3 Months to 7 Years
Guaranteed Interest Rates	Up to 3.25%	Up to 1.25%
Principal Protection	Yes	Yes
Can Lose Money?	No	No
Liquid After Term	100%	100%
How Are Gains Taxed?	Tax-Deferred	Taxed Annually
Annual Liquidity	Up to 10% Annually	No Liquidity
Who Protects My Money?	Insurance Company/SGA	FDIC
Accepts IRA	Yes	No
Accepts 401(k)	Yes	No
Death Benefit	Lump-Sum	Lump-Sum

Are Annuities FDIC Insured?

Fixed annuities are not FDIC insured, but they have similar protections for your money. An annuity is an insurance policy guaranteed by the insurance company's claims-paying ability. The insurance companies are members of the state insurance guarantee associations in each state where they do business. Each state insurance guarantee association protects consumers in the unlikely event that their insurance company fails and defaults on their obligations to their consumers (limits vary per state).

For example, Georgia insures up to $250,000 of the annuity's cash value per insured life if the insurance company becomes insolvent and can not fulfill its obligations to the insured.

Navy Federal vs.

PenFed

The Best CD Rates Today

3 Month CD Rates

Best 3-Month CD Rates	Rate	Term	Minimum
Spectrum Federal Credit Union	0.50% APY	3 Months	$500.00
Service Credit Union	0.40% APY	3 Months	$500.00
Chevron Federal Credit Union	0.50% APY	3 Months	$500.00

6 Month CD Rates

Best 6-Month CD Rates	Rate	Term	Minimum
CommunityWide FCU	0.70% APY	6 Months	$500.00
Lafayette Federal Credit Union	0.70% APY	7 Months	$500.00
Spectrum Federal Credit Union	0.50% APY	6 Months	$500.00

1 Year CD Rates

Best 12 Month CD Rates	Rate	Term	Minimum
Lafayette Federal Credit Union	0.80% APY	12 Months	$5,000.00
CommunityWide FCU	0.75% APY	12 Months	$1,000.00
Live Oak Credit Union	0.75% APY	12 Months	$2,500.00

2 Year CD Rates

Best 2-Year CD Rates	Rate	Term	Minimum
Lafayette Federal Credit Union	0.80% APY	24 Months	$500.00
Live Oak Credit Union	0.75% APY	24 Months	$2,500.00
SILAC Fixed Annuity	2.15% APY	24 Months	$10,000.00
Oceanview Fixed Annuity	1.80% APY	24 Months	$20,000.00

3 Year CD Rates

Best 3-Year CD Rates	Rate	Term	Minimum
First National Bank of America	0.90% APY	36 Months	$1,000.00
Lafayette Federal Credit Union	1.00% APY	36 Months	$500.00
Canvas Annuity*	2.60% APY	36 Months	$2,500.00

4 Year CD Rates

Best 4-Year CD Rates	Rate	Term	Minimum
First National Bank of America	0.95% APY	48 Months	$1,000.00
Lafayette Federal Credit Union	1.15% APY	48 Months	$500.00
Hiway Federal Credit Union	1.10% APY	48 Months	$25,000.00
Nassau Fixed Annuity	2.50% APY	48 Months	$5,0000.00

5 Year CD Rates

Best 5-Year CD Rates	Rate	Term	Minimum
First National Bank of America	1.20% APY	60 Months	$1,000.00
Lafayette Federal Credit Union	1.26% APY	60 Months	$500.00
Canvas Annuity*	3.05% APY	60 Months	$2,500.00

The Best Fixed Annuity Rates Today

Company	Term	Rate	Withdrawals
SILAC	2 Years	2.15%	None
Oceanview	3 Years	2.35%	10% Annually
Canvas*	3 Years	2.60%	10% Annually
Oceanview	4 Years	2.60%	10% Annually
Canvas*	5 Years	3.05%	10% Annually
Nassau	6 Years	3.10%	5% Annually
Canvas*	7 Years	3.25%	10% Annually

Learn the differences and benefits between Fixed Annuities and Certificate of Deposits (CD).

Disclaimer: I may receive a small referral fee if you purchase something using a link in this article.

The Risk of Running Out of Money

https://www.youtube.com/watch?v=5vnkLd5CCoY Retirement. When we think about retirement, many of us dream of traveling the world, pursuing our hobbies, volunteering in our community, or getting to spend …

Can I Retire at 60 With $750K?

Can I retire at age 60 with $750k? This guide will show you how to retire on $750k, step-by-step. In addition, we'll provide estimates on …

Single Premium Annuity Definition

What is a Single-Premium Annuity? A single-premium annuity is defined as an annuity purchased by a single lump-sum payment is called a single premium annuity. The …

The Best Fixed Index Annuity

This guide will go over the best fixed index annuity at the moment. Then, I will break down the best fixed index annuities into the …

Fixed vs. Variable Annuity: What's the Difference?

Annuities are financial products that offer a guaranteed income for life. They have many benefits, but they also have some drawbacks. In this post, we …

How To Keep Up With Inflation in Retirement

This guide will teach you how to keep up with inflation in retirement to maintain your lifestyle for the rest of your life. This guide …

Navy Federal Credit Union: Savings Account And Cd Rates (2021)

I've sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I've been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women's Health Magazine.

My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.