Navy Federal Credit Union

Overview / Commentary
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. 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 Fed Rate Change - Monday August 19 - 8/16/2019

I was just told that the 5yr CD special that was 3.5% will be reduced to 3.25% on Monday. I spoke to a Navy Fed representative.

Navy Federal Adds 18-Month CD Special, 3.00% APY - 7/31/2019

Navy Federal has added two Certificate Specials: 18-month (3.00% APY) and 9-month (2.50% APY). Minimum opening deposit is $1k, with no stated balance cap.

Navy FCU - Two New CD Specials For Regular And IRA - 7/29/2019

9-Month CD - 2.50 % APY 18-Month CD - 3.00% APY Minimum $1,000 No maximum

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 (163)

US Based Customer Service, Great Rates

Posted by: BPhunter | Sep 10, 2019

Great rates as of this review. Customer service is top notch.

Accounts and CD's opened and funded quickly and painlessly. I have been recommend NFCU to other that qualify for membership.

My only qualifier is that you have to ACH "push" money to NFCU, vs doing ACH "pulls" to transfer money in.

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.

Took Much Too Long

Posted by: WilliamCPA | Sep 4, 2019

It took almost a month to open my account. Then, I want to make it a joint account with my wife, that seems to throw them off their game. The correspondence they send is very confusing. For whatever reason, they just seem hard to deal with. Anyway, while waiting for them, I invested the money in a CD with another bank, rate was a bit lower, but the process with that bank went very smoothly. I'm not going to fund the account Navy Federal opened for me, I'm sorry I even tried to deal with them. Hopefully, when I ignore them, the account will just lapse, I don't want to call them again.

Checking Account Hacked, NFCU Holding Me Responsible

Posted by: kesneller | Aug 22, 2019

Last month over 1,000.00 was taken from my checking account. While on the phone with the fraud department the operator informed me that at that very moment 4500.00 was being taken. Over the recorded line I told her that this was not authorized. She had my checking account closed and issued me a new checking account number. I filed a police report soon after. 10 days later I received an email from NFCU stating that my claim was denied after a thorough investigation and that I was responsible for the nearly 5500.00. I called the investigator, David, four times (and documented those times in my rebuttal letter) and never got a call back. I sent my IP address to them and I questioned whether this "thorough investigation" involved actually checking the sender's IP address as well as whether they listened to my voice conversation at the time of incident stating that the charges were fraudulent. If neither of these things had occurred, how can the investigation be "thorough?" Further, for the investigator to not have returned any of my four phone calls is highly unprofessional and discourteous to say the least. He had three full days to do so. Is he that busy? Then the question comes up: What is going on with security that the fraud investigator is so busy at NFCU that he can't return calls as part of his job? I have been a member for 21 years. I have never experienced a situation where my money was under the watch of NFCU, someone robbed me under their watch, and they held me responsible for the lost money. This entire situation with NFCU has been completely unsatisfactory.
As of this writing this situation has still not been resolved. The money was taken July 30 and July 31 respectively. NFCU has not responded to my rebuttal letter sent Tuesday night, either.



Health Grade Components

NCUA #5536
Year Chartered1947
Primary Regulator
Profit Margin
Return on Assets - YTD1.67%
Return on Equity - YTD13.55%
Annual Interest Income$0
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$106B$91.79B
LoansQ2 2019vs Q2 2018$76.57B$69.38B
DepositsQ2 2019vs Q2 2018$79.87B$68.30B
Equity CapitalQ2 2019vs Q2 2018$12.92B$10.57B
Loan Loss AllowanceQ2 2019vs Q2 2018$1.60B$1.43B
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$798.4MM$640.4MM
Real Estate OwnedQ2 2019vs Q2 2018$21.2MM$21.3MM
  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 Fed Rate Change - Monday August 19

Peyton18   |  
I was just told that the 5yr CD special that was 3.5% will be reduced to 3.25% on Monday. I spoke to a Navy Fed representative.

Navy FCU - Two New CD Specials For Regular And IRA

SYC   |  
9-Month CD - 2.50 % APY
18-Month CD - 3.00% APY

Minimum $1,000
No maximum

Slight Dip

Peyton18   |  
I’ve been keeping an eye on the 7yr cd’s at Navy Federal. Rates dipped slightly to 3.05% on the 100,000 minimum today and if you have under that you can get 2.90%. They still have the 5yr special for 3.50%. I would think if you’re interested in that the clock is ticking.

Navy Federal CU Has 5 Year 3.5% CD

HZ   |  
Navy Federal CU has 5 year 3.5% CD

Great News! Navy Federal Offering 3.50% APY 5-Year CD

Ken Tumin   |  
Navy Federal just increased its 5-year CD rate to 3.50% APY on all tiers (minimum deposit $1,000.) This applies to both the Share Certificates and IRA Certificates. This is just a standard certificate. There are NO add-on features or other special features.

I'll have a blog post on this news for later today with more details.

Navy Federal 10-Month Add-On CD No Longer Listed

CapitalClimate   |  
The Navy Federal 10-month 2.75% APY add-on CD is no longer listed on the credit union's rate page as of July 1.

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

0.25%--IRA Share Account
0.25%$5-Share Savings Account

Navy Federal Credit Union Money Market Rates

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

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%--Active Duty Checking
0.05%--Business Checking
0.05%--Business Plus Checking

Navy Federal Credit Union CD Rates

3.50%$50$3k12 Month EasyStart Certificate Special
3.25%$1k-5 Year Certificate
3.25%$1k-5 Year Certificate Special
3.05%*$100k*-7 Year Certificate
OTHER TIERS: 2.90% $1k - $100k
3.00%$1k-18 Month Certificate
3.00%*$100k*-6 Year Certificate
OTHER TIERS: 2.85% $1k - $100k
2.70%*$100k*-4 Year Certificate
OTHER TIERS: 2.55% $1k - $100k
2.65%*$100k*-3 Year Certificate
OTHER TIERS: 2.50% $1k - $100k
2.55%*$100k*-24 Month Certificate
OTHER TIERS: 2.40% $1k - $100k
2.50%$1k-9 Month Certificate
2.40%*$100k*-12 Month Certificate
OTHER TIERS: 2.25% $1k - $100k
2.25%$100-12 Month EasyStart Certificate
2.06%$500-3 Year Variable Share Certificate
2.05%*$100k*-6 Month Certificate
OTHER TIERS: 1.90% $1k - $100k
1.35%$5-3 Month - 5 Year SaveFirst Account
1.25%*$100k*-3 Month Certificate
OTHER TIERS: 1.10% $1k - $100k

Navy Federal Credit Union IRA Rates

3.50%$100-12 Month EasyStart IRA
3.25%$1k-5 Year IRA
3.25%$1k-5 Year ESA
3.25%$1k-5 Year IRA Special
3.25%$1k-5 Year ESA Special
3.05%*$100k*-7 Year IRA
OTHER TIERS: 2.90% $1k - $100k
3.05%*$100k*-7 Year ESA
OTHER TIERS: 2.90% $1k - $100k
3.00%$1k-18 Month IRA
3.00%*$100k*-6 Year IRA
OTHER TIERS: 2.85% $1k - $100k
3.00%$1k-18 Month ESA
3.00%*$100k*-6 Year ESA
OTHER TIERS: 2.85% $1k - $100k
2.70%*$100k*-4 Year IRA
OTHER TIERS: 2.55% $1k - $100k
2.70%*$100k*-4 Year ESA
OTHER TIERS: 2.55% $1k - $100k
2.65%*$100k*-3 Year IRA
OTHER TIERS: 2.50% $1k - $100k
2.65%*$100k*-3 Year ESA
OTHER TIERS: 2.50% $1k - $100k
2.55%*$100k*-24 Month IRA
OTHER TIERS: 2.40% $1k - $100k
2.55%*$100k*-24 Month ESA
OTHER TIERS: 2.40% $1k - $100k
2.50%$1k-9 Month IRA
2.50%$1k-9 Month ESA
2.40%*$100k*-12 Month IRA
OTHER TIERS: 2.25% $1k - $100k
2.40%*$100k*-12 Month ESA
OTHER TIERS: 2.25% $1k - $100k
2.06%$500-3 Year Variable IRA
2.06%$500-3 Year Variable ESA
2.05%*$100k*-6 Month IRA
OTHER TIERS: 1.90% $1k - $100k
2.05%*$100k*-6 Month ESA
OTHER TIERS: 1.90% $1k - $100k
1.25%*$100k*-3 Month IRA
OTHER TIERS: 1.10% $1k - $100k
1.25%*$100k*-3 Month ESA
OTHER TIERS: 1.10% $1k - $100k


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.