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and no more than five years, the early withdrawal penalty is the lesser of all dividends for 180 days on the amount withdrawn or all dividends on the amount withdrawn since the date of issuance or renewal. 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.įor 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terms of one year or less, the early withdrawal penalty is the lesser of all dividends for 90 days on the amount withdrawn or all dividends on the amount withdrawn since the date of issuance or renewal.
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 4.85%, 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
