Fixed Deposits & Rates
Make more of your savings with our new higher rates on 18-month and 3-year deposits.
Steady by design — built to earn more
Get a fixed rate you can count on and skip the market ups and downs. A Navy Federal fixed deposit grows your money securely, with a guaranteed return.
Fixed deposit special offer
A standout rate and a small first step. See why our Boosted Starter Deposit is one of the most rewarding ways to begin saving.
| Product | Minimum deposit | Term | Interest rate | APY |
|---|---|---|---|---|
| Boosted Starter Deposit | $50 | 12 months | 3.92% | 4.00% |
Let’s look at your options
Standard Deposit
Have a lump sum you want to grow at a fixed rate on a clear timeline? Terms from 3 months to 7 years on a single deposit. Minimum $1,000, no maximum balance.
See our ratesStarter Deposit
Want to start small and add over time? Terms of 12, 18 and 24 months, and you can top up any time until maturity. Open from $50, no maximum balance.
See our ratesBoosted Starter Deposit
Want a higher rate over a shorter run? With a Navy Federal checking account and a regular direct deposit you can open a 12-month term from $50. $3,000 maximum balance.
See our rates
Here’s what you could be earning
Starter deposit rates
| Term | Minimum deposit | Interest rate | APY |
|---|---|---|---|
| 12 months | $50.00 | 3.59% | 3.66% |
| 18 months | $50.00 | 3.49% | 3.55% |
| 24 months | $50.00 | 3.39% | 3.45% |
Rates shown are current as of today and may change. APY is an annualised rate reflecting estimated earnings based on the rate and compounding frequency.
Interest compounds daily and is credited monthly. Early withdrawal penalties apply.
Short-term deposit rates
| Term | $1K minimum APY | $20K minimum APY | $100K minimum APY |
|---|---|---|---|
| 3 months | 1.25% | 1.25% | 1.30% |
| 12 months | 3.70% | 3.70% | 3.75% |
| 18 months | 3.80% | 3.80% | 3.85% |
| 24 months | 3.50% | 3.50% | 3.55% |
Rates shown are current as of today and may change. APY is an annualised rate reflecting estimated earnings based on the rate and compounding frequency.
Interest compounds daily and is credited monthly. Early withdrawal penalties apply.
Long-term deposit rates
| Term | $1K minimum APY | $20K minimum APY | $100K minimum APY |
|---|---|---|---|
| 3 years | 3.80% | 3.80% | 3.85% |
| 5 years | 3.50% | 3.50% | 3.55% |
| 7 years | 3.50% | 3.50% | 3.55% |
Rates shown are current as of today and may change. APY is an annualised rate reflecting estimated earnings based on the rate and compounding frequency.
Interest compounds daily and is credited monthly. Early withdrawal penalties apply.
How to choose a fixed deposit
- 1
Decide how long you can leave the money untouched. As a rule, the longer the term, the higher the rate.
- 2
Check whether the deposit has a minimum — and whether that fits your budget. Note any maximum too.
- 3
Work out whether you can add money after opening, or whether it's a single one-off deposit.
- 4
Find out what the penalties are if you need to withdraw early.
Curious how much you could earn?
Our deposit calculator estimates your interest and closing balance before you commit to a term.
Deposit resources
What happens when your deposit matures?
As the term ends, you decide whether to withdraw or roll it over. The right answer usually depends on why you opened it.
Learn moreSave for your next trip with a fixed deposit
No need for a credit card or a side hustle — a fixed term can turn a plan into a fully funded getaway.
Learn moreHow does compound interest work?
It's easy to say you earn interest on your interest. Here's what that actually looks like over a few years.
Learn moreMaximise returns with deposit laddering
A simple strategy: stagger when each deposit matures so you always have one coming due.
Learn more
Questions about fixed deposits? Read our savings FAQs.