Navy Federal Credit Union


Overview / Commentary
888-842-6328
820 Follin Ln SE
Vienna, VA 22180

Navy FCU is a Virginia-based federal credit union serving millions of members who are, or are related to, service members and employees with the Department of Defense. The credit union offers a range of depository banking and lending products, as well as business and investment services, and is considered the largest credit union in the world.

On its personal banking side, Navy Federal Credit Union offers checking, savings, Money Market, Certificate, and IRA accounts to serve consumers’ savings needs. A variety of checking account options offer flexibility and include accounts designed for active duty members, students, and members looking for higher interest returns. Navy’s active duty checking has no balance minimums, refunds ATM fees up to a certain amount, and gives free military-themed checks for the life of the account. The student checking differs from the basic checking account only by offering ATM fee refunds. Overdraft protection options are available on all of Navy’s checking accounts.

The credit union’s basic savings account has no monthly fees and a low initial deposit requirement. A savings account is automatically opened by the credit union when membership is granted. Money Market savings accounts offered by the credit union earn more than a basic savings account because of minimum balance requirements. There is also a Jumbo dividend rate for Money Market accounts with over $100,000 balances. Certificates and IRA Certificates are available in term lengths that range from 3 months to 7 years. Navy’s Special Certificate account earns a competitive rate of interest, but has a low maximum balance cap. Its standard Certificates and IRA Certificates have no maximum deposit caps. DepositAccounts.com has recognized Navy’s Certificates repeatedly in the past.

Navy FCU online banking offers a secure and convenient banking platform on which members can perform account management tasks like transferring funds, paying bills, ordering checks, and making loan payments. Free Direct Deposit makes it easy to seamlessly deposit paychecks and Navy’s mobile banking services provide remote deposit to make depositing any check quick and simple. Scan deposits can be accomplished via a scanner attached to a computer and are free for personal account holders, $1 per month for business account holders.

Navy FCU was originally established in 1933 as the Navy Department Employees’ Credit Union of the District of Columbia. After dissolving in 1947, the credit union was rechartered as a federal credit union and named Navy Department Employees Federal Credit Union, until transitioning to its current name in 1954. Today, Navy FCU is headquartered in Vienna, Virginia, and employs over 10,000 people who serve more than 4 million members. The credit union serves its members through numerous locations in states all across the country.

Field of Membership Restrictions

Membership in Navy Federal Credit Union is open to members of active duty Army, Marine Corps, Navy, Air Force, Coast Guard, Army and Air National Guard, Department of Defense Officer Candidate/ROTC, Department of Defense Reservists, retirees from military service, Department of Defense civilian employees and contractors and retirees, U.S. Government Employees Assigned to Department of Defense Installations. Military veterans who were honorably discharged are also eligible. Membership is also open to immediate family of current members or those eligible for membership.
See current membership details

Related Posts

Navy Federal Adds 10-month Special CD, 2.75% APY w/Add-Ons - 4/29/2019

Navy Federal (military relationship) has a new 10-month Special CD (2.75% AP, $50 min) with unlimited additional deposits up to a maximum balance of $100k.

Navy Federal 2.75% 10 Mth Add-On Special - 4/29/2019

Effective today. $50 minimum deposit, $100K maximum balance. Available as Share/IRA/ESA.

IRA Rates Ending April 15th - 4/11/2019

I spoke to Navy Federal about transferring a Roth IRA and they told me the 3.75% 40 month rate would only be good through April 15th. I had to have the transfer form in by Sunday the 14th. I do not know if all rates are changing after April 15th

View all posts from:

12/14/16 - Little-Known Way to Qualify for Navy Federal Credit Union Membership
12/7/16 - Navy Fed Adds 2.00% APY 17-Month Special Certificate
12/6/16 - New 17 Month 2.00% CD
8/1/16 - Special 20-Month Certificate 2.00% APY
5/3/16 - Navy FCU Offers 15-Month Military Appreciation CD
5/1/16 - 15 Month CD At 3% APY For Military Members
5/1/16 - 15 Month CD At 3% APY For Military Members
2/1/16 - Navy FCU Raises Some C/D Rates
1/12/16 - Expired - 30 Month, 2.5% Share Certificate - $5K Minimum.
12/7/15 - Navy Federal CU Offers 30-month CD Special and 20-Month IRA
12/7/15 - Pearl Harbor Day Special....
12/7/15 - Special Easy Start CD 12 Months 3.00% APY
8/4/15 - Navy Federal CU's 18-month CD Offers Competitive Rate
5/20/15 - Military Specials If Join Navy Federal Credit Union (Easy $100)
5/8/15 - Navy Federal CU's 15-month Military Appreciation CD Is Very Competitive
5/1/15 - Military Appriciation 15 Month CD 3.5% APY
3/12/15 - Navy Federal Credit Union Offers $100 Bonus On First Time IRAs
3/5/15 - Navy Federal Credit Union’s Hot Share Certificate Promotion
12/15/14 - Bulk Of Navy FCU's Income Stems From Fees
12/1/14 - Navy Federal CU Has Top Rate 20-month and 30-month IRA Specials
11/5/14 - Navy Federal Among First To Debut Apple Pay
9/13/14 - Navy Federal To Be One Of First Financial Institutions Offering Apple Pay
9/5/14 - Nice 1-Year CD Special at Navy Federal Credit Union
9/2/14 - 5% 1 Year $5000 Max CD
7/1/14 - Navy Federal Credit Union Is Growing Its Footprint, In Virginia And Florida.
6/6/14 - Problems With Navy Federal Credit Union
5/20/14 - World’s Largest Credit Union Is Getting Bigger
5/4/14 - Navy Federal Appreciation Week CD Offer
5/2/14 - 3-Year CD Rate Cut
3/3/14 - Navy Federal Cuts CD Rates But They Remain Competitive
2/25/14 - Navy Federal Credit Union Online Account Access Down
1/20/14 - Navy Federal Growing Auto And Business Loans
1/20/14 - Big CD Rate Increases at Navy Federal Credit Union
1/20/14 - Rate Increases
1/17/14 - Navy Federal Credit Union New Member and IRA Promotions
1/6/14 - Nice IRA CD Features at Navy Federal Credit Union
9/17/13 - Navy FCU Sells $200 Million In Banking Services On Facebook
8/9/13 - Navy Federal Offers V.Me Digital Wallet
8/5/13 - Navy Federal Direct Deposit and Refer-a-Friend Bonuses
6/13/13 - Navy Federal Books Record $753 Million In Loans In May
6/3/13 - How The World’s Biggest Credit Union Uses Social Media
5/15/13 - Navy Federal’s Shred Day - Navy Shred-eral Day
5/8/13 - NFCU Military Appreciation Week -- 4% CD, Etc.
4/4/13 - Navy Federal Announces 1,500-Job Florida Expansion
2/26/13 - NAVY FCU Increases Rate To 3.50%
2/8/13 - Problem With Interest Checks From Navy Federal
1/7/13 - Long-Term CD Rates Fall at Navy Federal But Remain Competitive
1/4/13 - Add-On IRA CDs
9/17/12 - Special CD Rate and Other Deals for Navy Federal's Members Appreciation Week
9/17/12 - Navy Fed Member Appreciation Week
9/5/12 - Navy Federal To Hold First-Ever Worldwide Member Appreciation Week
9/4/12 - CD Rates Fall at Navy Federal But Remain Competitive
8/30/12 - Can A CD With Joint Owners Have A Beneficiary?
6/29/12 - Referral Bonus
5/1/12 - New CD Rates and Tiers at Navy Federal Credit Union - Limited Membership
4/12/12 - Top CD & IRA CD Rates at Navy Federal - Limited Membership
2/27/12 - Can Add On To Existing IRA CD Before 4/30
12/22/11 - Navy Federal's IRA CD Special & Top CD Rates - Limited Membership
11/6/11 - Navy Federal CU Now Offers Scan Deposits Service
9/13/11 - Special Easy Start 12-Mo. CD
7/29/11 - Rate Change
4/1/11 - Navy Federal Raises CD Rates Again - Available Nationwide But Limited Membership
3/1/11 - Higher CD & IRA CD Rates at Navy Federal Credit Union - Limited Membership
2/28/11 - 1 Year Easy Start CD
1/25/11 - Navy Federal Increases Special 30-Mo CD Rate, But Limits It To IRAs
12/7/10 - Rate Cut From Navy Federal Credit Union
11/18/10 - Special 30-Month CD and IRA Rate at Navy Federal Credit Union
10/31/10 - Update For Navy Federal Members Who Came From USA Fed
9/22/10 - USA Federal To Merge Into Navy Federal - Impact To Navy's FOM?
9/6/10 - Navy Federal's CD Rates Fall But Remain Competitive
9/3/10 - Top CD and IRA CD Rates at Navy Federal But Rates May Fall Soon - Limited Membership
2/4/10 - Competitive Long-Term IRA CD Rates at Navy Federal Credit Union - Limited Membership
10/26/09 - 2.60% 30-Month CD at Navy Federal Credit Union - Nationwide but Limited Membership
3/10/09 - 3.25% 6-Month CD at Navy Federal Credit Union
3/10/09 - 4.60% 30-Month IRA CD & 3.50% 6-Month CD at Navy Federal Credit Union
1/24/09 - 3.75% 6-Month CD & 5.10% 84-Month CD Continue at Navy Federal Credit Union
1/16/09 - New CD Rates at Navy Federal Credit Union
10/17/08 - 4.00% 6-Month CD at Navy Federal Credit Union
10/13/08 - 5.10% 5-Year CD at Navy Federal Credit Union
7/28/08 - 4.00% 15-Month CD at Navy Federal Credit Union
5/29/08 - Update on Navy FCU - Money Market Account, CDs and My Experience Joining
5/29/08 - Navy Federal Credit Union Updates - Eligibility and My Recent CD Issues
10/7/07 - Navy FCU Updates - Jumbo CDs and $100 Checking Account Bonus
8/12/07 - Navy FCU's 6% 10-Month CD May Be Ending Early
7/2/07 - 6.00% 10-Month CD Starts Monday at Navy FCU
7/2/07 - 6.00% 10-Month CD at Navy FCU - It's Now Official
2/5/07 - It's Official, 6.00% 15-Month CD at Navy FCU
1/26/07 - 6.00% 15-Month CD at Navy FCU Starting Feb 5th
1/22/07 - 6.25% 84-Month CD at Navy Federal Credit Union
10/27/06 - 6.00% 84-Month CD at a Multi-State CU (Navy Federal)
8/16/06 - Navy Federal Still Offering 6.25% 18-month CD
7/3/06 - 6.25% 18-Month CD at a Multi-State CU (Navy Federal)
4/12/06 - 6.01% 48-Month CD at a CU Open to All

Reviews (158)

Good CD Rates

Posted by: johndavid | Feb 10, 2019

3.5% cd rates and good customer service. Watch for CD specials.

Easy Join, Extremely Hard After That

Becoming a member and joining was a breeze. Then it went off the rails. I wanted to get the 17 month CD and I wanted to make it a joint CD. I'd have to fund the CD, and they use Western Union speed pay for that, not the normal ACH from one bank to another. That was odd to me and then I'd have to mail in a form to make it joint and another form to add a POD. I asked if I could mail a check for the CD along with the paperwork for the CD, POD, and joint owner all at one time. I could, BUT it all goes to different departments so it does not all happen at the same time. Was told that I could send in the POD form now to cover any future accounts with them and then all $ would be covered in the event of my death. Problem is I'd want to make my husband the POD until the CD was open and then I'd want him the joint owner with a different POD. At that time I'd have to try and change the POD also. Decided that it was too much trouble for me at this time. They were all very nice but it's an extremely odd process.

Online Banking Is Always Down

I have been with Navy Fed for many years. Was very happy until the recent changes to online banking which has caused service to be unavailable on the app or website. I use the services often and rely on them. I have again been put in a bad situation as it is unavailable and the call wait is 30 minutes. Unacceptable as I know this is not normal to be down this often. Please fix or I will need to switch my entire family soon .

My time with Navy Federal

In 2002, while I was in the United States Marine Corps, I joined Navy Federal Credit Union. I was with this Credit Union from 2002-2007. I was issued an ATM card and later a ShareCheck card. Navy Federal was able to effortlessly establish a link with my command to set up a direct deposit system that never failed. Not even once. My ShareCheck card caused me no issues and allowed me to make purchases with no issues. All of my experiences with representatives were positive, though few, given the fact I had very few issues with them and little or no reason to deal with them. Additionally, when I took a loan from NFCU, I was able to set up a system where the 1000 dollar loan was paid off via an automatic deduction of 50 dollars per paycheck for 10 months.

The only minor negative problem I had with NFCU was I had to periodically update my address and my ShareCheck card was placed on hold when I forgot to do so. Though the representatives were quite pleasant and easy to deal with, having my card not work when I went to make a purchase was a minor inconvenience. This happened twice.

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Health

Health Grade Components

Overall
NCUA #5536
Year Chartered1947
Employees16392
Primary Regulator
Profit Margin
Return on Assets - YTD1.61%
Return on Equity - YTD13.51%
Annual Interest Income$0
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$96.96B$90.57B
LoansQ4 2018vs Q4 2017$73.87B$65.88B
DepositsQ4 2018vs Q4 2017$70.42B$63.01B
Equity CapitalQ4 2018vs Q4 2017$11.44B$10.24B
Loan Loss AllowanceQ4 2018vs Q4 2017$1.48B$1.29B
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$817.6MM$745.8MM
Real Estate OwnedQ4 2018vs Q4 2017$27.6MM$21.5MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Navy Federal 2.75% 10 Mth Add-On Special

Sylvia   |  
Effective today. $50 minimum deposit, $100K maximum balance. Available as Share/IRA/ESA.

IRA Rates Ending April 15th

Aggie   |  
I spoke to Navy Federal about transferring a Roth IRA and they told me the 3.75% 40 month rate would only be good through April 15th. I had to have the transfer form in by Sunday the 14th.

I do not know if all rates are changing after April 15th

Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Navy Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Navy Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--IRA Share Account
0.25%$5-Share Savings Account

Navy Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%*$250k*-Jumbo Money Market Savings Account
OTHER TIERS: 0.25% Up to $100k | 1.25% $100k - $250k
1.35%*$250k*-Jumbo IRA Money Market Savings Account
OTHER TIERS: 0.25% Up to $100k | 1.25% $100k - $250k
0.95%*$50k*-IRA Money Market Savings Account
OTHER TIERS: 0.80% $2.5k - $10k | 0.85% $10k - $25k | 0.90% $25k - $50k
0.95%*$50k*-Money Market Savings Account
OTHER TIERS: 0.80% $2.5k - $10k | 0.85% $10k - $25k | 0.90% $25k - $50k

Navy Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$25k*-Flagship Checking
OTHER TIERS: 0.35% $1.5k - $10k | 0.40% $10k - $25k
0.45%*$25k*-Premium Business Checking
OTHER TIERS: 0.35% $1.5k - $10k | 0.40% $10k - $25k
0.05%--EveryDay Checking
0.05%--Campus Checking
0.05%--e-Checking
0.05%--Active Duty Checking
0.05%--Business Checking
0.05%--Business Plus Checking

Navy Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%$50$3k12 Month EasyStart Certificate Special
3.35%*$100k*-7 Year CD
OTHER TIERS: 3.10% $1k - $50k | 3.25% $50k - $100k
3.30%*$100k*-6 Year CD
OTHER TIERS: 3.05% $1k - $50k | 3.20% $50k - $100k
3.25%*$100k*-5 Year CD
OTHER TIERS: 3.00% $1k - $50k | 3.15% $50k - $100k
2.90%*$100k*-4 Year CD
OTHER TIERS: 2.65% $1k - $50k | 2.80% $50k - $100k
2.85%*$100k*-3 Year CD
OTHER TIERS: 2.60% $1k - $50k | 2.75% $50k - $100k
2.75%*$100k*-24 Month CD
OTHER TIERS: 2.50% $1k - $50k | 2.65% $50k - $100k
2.75%$50-10 Month Special Certificate
2.73%$500-3 Year Variable Share Certificate
2.60%*$100k*-18 Month CD
OTHER TIERS: 2.35% $1k - $50k | 2.50% $50k - $100k
2.50%*$100k*-12 Month CD
OTHER TIERS: 2.25% $1k - $50k | 2.40% $50k - $100k
2.45%*$100k*-9 Month CD
OTHER TIERS: 2.20% $1k - $50k | 2.35% $50k - $100k
2.35%*$100k*-6 Month CD
OTHER TIERS: 2.10% $1k - $50k | 2.25% $50k - $100k
2.25%$100-12 Month EasyStart Certificate
1.55%*$100k*-3 Month CD
OTHER TIERS: 1.30% $1k - $50k | 1.45% $50k - $100k
1.35%$5-3 Month - 5 Year SaveFirst Account

Navy Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.35%*$100k*-7 Year IRA
OTHER TIERS: 3.10% $1k - $50k | 3.25% $50k - $100k
3.35%*$100k*-7 Year ESA
OTHER TIERS: 3.10% $1k - $50k | 3.25% $50k - $100k
3.30%*$100k*-6 Year IRA
OTHER TIERS: 3.05% $1k - $50k | 3.20% $50k - $100k
3.30%*$100k*-6 Year ESA
OTHER TIERS: 3.05% $1k - $50k | 3.20% $50k - $100k
3.25%*$100k*-5 Year IRA
OTHER TIERS: 3.00% $1k - $50k | 3.15% $50k - $100k
3.25%*$100k*-5 Year ESA
OTHER TIERS: 3.00% $1k - $50k | 3.15% $50k - $100k
2.90%*$100k*-4 Year IRA
OTHER TIERS: 2.65% $1k - $50k | 2.80% $50k - $100k
2.90%*$100k*-4 Year ESA
OTHER TIERS: 2.65% $1k - $50k | 2.80% $50k - $100k
2.85%*$100k*-3 Year IRA
OTHER TIERS: 2.60% $1k - $50k | 2.75% $50k - $100k
2.85%*$100k*-3 Year ESA
OTHER TIERS: 2.60% $1k - $50k | 2.75% $50k - $100k
2.75%*$100k*-24 Month IRA
OTHER TIERS: 2.50% $1k - $50k | 2.65% $50k - $100k
2.75%*$100k*-24 Month ESA
OTHER TIERS: 2.50% $1k - $50k | 2.65% $50k - $100k
2.75%$100-12 Month EasyStart IRA
2.75%$50-10 Month Special ESA Certificate
2.75%$50-10 Month Special IRA Certificate
2.73%$500-3 Year Variable IRA
2.73%$500-3 Year Variable ESA
2.60%*$100k*-18 Month IRA
OTHER TIERS: 2.35% $1k - $50k | 2.50% $50k - $100k
2.60%*$100k*-18 Month ESA
OTHER TIERS: 2.35% $1k - $50k | 2.50% $50k - $100k
2.50%*$100k*-12 Month IRA
OTHER TIERS: 2.25% $1k - $50k | 2.40% $50k - $100k
2.50%*$100k*-12 Month ESA
OTHER TIERS: 2.25% $1k - $50k | 2.40% $50k - $100k
2.45%*$100k*-9 Month IRA
OTHER TIERS: 2.20% $1k - $50k | 2.35% $50k - $100k
2.45%*$100k*-9 Month ESA
OTHER TIERS: 2.20% $1k - $50k | 2.35% $50k - $100k
2.35%*$100k*-6 Month IRA
OTHER TIERS: 2.10% $1k - $50k | 2.25% $50k - $100k
2.35%*$100k*-6 Month ESA
OTHER TIERS: 2.10% $1k - $50k | 2.25% $50k - $100k
1.55%*$100k*-3 Month IRA
OTHER TIERS: 1.30% $1k - $50k | 1.45% $50k - $100k
1.55%*$100k*-3 Month ESA
OTHER TIERS: 1.30% $1k - $50k | 1.45% $50k - $100k
Locations

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