Compound Interest Calculator
CD Account from NAVY FEDERAL CREDIT UNION with 2.80% APY

Use or Change These Amounts and Rates

The product CD Account from NAVY FEDERAL CREDIT UNION with 2.80% APY and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $26,361. The interest earned would be $6,361 and the tax amount on the interest earned would be approximately $1,908.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account


Savings Boost of
$4,149 over 10 years
Cash Savings $20,000
Average Interest Earned $304

NAVY FEDERAL CREDIT UNION Interest Earned $4,453



See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Annual Interest
(After Tax)
1 20,000 43 30
2 20,043 43 30
3 20,086 43 30
4 20,129 43 30
5 20,173 43 30
6 20,216 43 30
7 20,259 44 30
8 20,303 44 31
9 20,347 44 31
10 20,390 44 31
TOTAL: $434 $304


Annual Interest
(After Tax)
1 20,000 560 392
2 20,560 576 403
3 21,136 592 414
4 21,727 608 426
5 22,336 625 438
6 22,961 643 450
7 23,604 661 463
8 24,265 679 476
9 24,945 698 489
10 25,643 718 503
TOTAL: $6,361 $4,453

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.

Recent Rate Changes

Date APY
March 13, 2024 2.80%
December 4, 2023 4.05%

Featured CD Rates


6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Last change: ↑0.46% on December 15, 2023.
3 Month CD.

Last change: ↑0.60% on April 19.
Warning: Early Withdrawal Penalty is 12 Months interest.

Last change: ↑0.20% on September 8, 2023.
6 Month CD.

Last change: ↓0.05% on March 15.
3 Month CD.

Customer Reviews for Navy Federal Credit Union

  • February 25, 2023 |

    HORRIBLE SERVICE. My son's campus checking account was hacked and over $9000 was stolen. Fraud department was impossible to reach and we waited on phone several days for over 2 hours at a time. They took our information for their "investigation." They never returned our calls or messages for months. Finally notified us after about 6 months we are responsible for this hack- we had nothing to do with this. They won't even release any information regarding "investigation" without a subpoena- thus we are having our lawyer send them one so we can fight this. DO NOT USE NAVY FEDERAL!!!!!!

  • January 28, 2023 |

    Online CDs 24 Month Rates

    Wake up guys they now have a special that is special Check it out!

  • October 6, 2022 |

    I've been a member for 38+ years, so I believe what I say carries some weight. In recent months I have seen the interest rates go up and up for Mortgages, Personal Loans and Vehicle Loans. But! I don't see the rates that are paid for any of NFCU's Savings instruments. It's like they use a match for loan rates going up and ice cubes for savings rates going up. $100K+ should be paying more than 3.25%. The Federal 2 year Treasury Bills are paying 4%+. With us, the members, supposedly owners of NFCU, shouldn't we share with more of the profit?

  • October 4, 2022 |

    39 years a member and this is not the credit union I remember. It doesn’t feel like the military is the mission or even close. Credits cards (rates & cashback), loan rates, dividends are always behind other financial organizations, which is why my business goes elsewhere. My loyalty has moved on.

  • September 30, 2022 |

    I have been a customer for 34 years. But I have been dismayed by NFCUs slow responsiveness to be competitive in the market place with savings rates and to offer the best rates in the market. All I see is their interest margins rising and savers getting the short end of the stick. Their savings rate is an embarrassment and for that reason I don’t keep a lot of cash there and use other institutions. Hey NFCU - your savers matter!!!

Add Your Review

or use your BestCashCow account