Monthly (Standard for Navy Fed)
Daily
Quarterly
Annually
Total Dividends Earned:$0.00
Final Certificate Balance:$0.00
Understanding Navy Federal Certificates
Navy Federal Credit Union refers to traditional Certificates of Deposit (CDs) simply as "Certificates." These are savings vehicles that offer fixed returns over a specific period. This Navy Federal CD Rate Calculator helps you estimate how much your money will grow based on the current Annual Percentage Yield (APY) offered by the credit union.
How Dividends are Calculated
Unlike some banks that use simple interest, Navy Federal typically calculates dividends based on daily compounding and credits them to your account monthly. The formula used in this calculator is the compound interest formula:
A = P(1 + r/n)^(nt)
A: The final balance of the certificate.
P: Your initial deposit.
r: The Annual Percentage Yield (as a decimal).
n: The number of times interest is compounded per year.
t: The total time in years.
Navy Federal Certificate Options
Navy Federal offers several types of certificates to meet different financial goals:
Certificate Type
Best For
Typical Minimum
Standard Certificates
General long-term savings
$1,000
Special Offers
Maximizing short-term yields
Varies
SaveFirst
Building savings from scratch
$5
MHS/ESA
Education and Health savings
$5 – $100
Maximizing Your Returns
To get the most out of your Navy Federal CD, consider a Certificate Ladder. By opening multiple certificates with different maturity dates (e.g., 12-month, 24-month, and 36-month), you can take advantage of higher long-term rates while maintaining some liquidity as certificates mature each year.
Important Considerations
Remember that Navy Federal Certificates often carry an Early Withdrawal Penalty. If you need to access your funds before the term expires, you may lose a portion of the dividends earned. Always check the current disclosure for the specific certificate term you are selecting.
function calculateNavyCD() {
var deposit = parseFloat(document.getElementById("nfc_deposit").value);
var apy = parseFloat(document.getElementById("nfc_apy").value);
var termMonths = parseFloat(document.getElementById("nfc_term").value);
var n = parseFloat(document.getElementById("nfc_compounding").value);
var resultBox = document.getElementById("nfc_results");
if (isNaN(deposit) || isNaN(apy) || isNaN(termMonths) || deposit <= 0 || apy < 0 || termMonths <= 0) {
alert("Please enter valid positive numbers for all fields.");
resultBox.style.display = "none";
return;
}
// Convert APY to decimal
var r = apy / 100;
// Convert months to years
var t = termMonths / 12;
// Compound Interest Formula: A = P(1 + r/n)^(nt)
// Note: For APY, the formula is slightly different because APY already accounts for compounding.
// However, most bank calculators use the nominal rate derived from APY or apply APY to the term.
// To accurately reflect "Navy Fed" style, we treat APY as the effective rate.
var finalBalance = deposit * Math.pow((1 + (r / n)), (n * t));
var totalDividends = finalBalance – deposit;
document.getElementById("res_dividends").innerHTML = "$" + totalDividends.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("res_total").innerHTML = "$" + finalBalance.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
resultBox.style.display = "block";
}