Looking for a safe way to deposit some extra cash without all of the risk from the stock market? Navy Federal Credit Union has a Holiday promo going on that offers a CD that earns 3% APY and a 2.96% dividend rate. What makes this CD different is the fact that it only has a 20 month term which means you do not have to keep your money tied up for years on end.
You must be a member of NFCU to open an account but it is relatively simple to join. You do not necessarily have to be a member or the military. You can be a family member of someone in the military, they also have private companies that are allowed to join. Visit the Navy Federal Credit Union site here for full details.
CD rate is effective December 19th 2011. Promo rate is good up to $18,000 deposit. You may only have one CD per person but you can also make additional deposits into your CD before it matures. After maturity the CD will mature into a 24 month with a regular rate so make sure you withdrawal your money before then.
Visit Navy Federal Credit Union here for full details and to apply.
