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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 Fed 3 Yr Variable Rate Cd - 1/8/2018

Increased to 2.14% APY from 1.93%, $500 min

Navy Fed 1St IRA Bonus + Special = 3.32% - 1/6/2018

There's a currently IRA special at NavyFed going on (32months @ 2.75 APY) but what's not mentioned is that if you don't CURRENTLY have an IRA with NavyFed, they will give you $100 bonus as well (and it will be listed as as "dividend" not a "contribution" so you can still contribute up to your maximum amount!) Though NavyFed's wording makes it sound like it's only for your "first" IRA with them that you get the bonus, they gave me the bonus even though I've had IRAs with them in the past (it's just been a few years since I had any with them). They also credited the $100 within a few days, surprisingly. If one opens up one of these CDs and deposits their full yearly contribution ($5500, or $6500 if 50+ years old) upon opening, that can make the "real" interest rate of this product be more like 3.32% with the bonus. If you're over 50, and you open the CD with your full yearly contribution ($6500), and NavyFed gives you the $100 bonus within a few days (making it $6600), then compounded

Navy Credit Union 15 Months 2.25% Add On CD. - 12/19/2017

Watch Your Savings Take Off Continue growing your savings by opening our Special 15-Month Share Certificate. Earn guaranteed returns at 2.25% APY* and make additional deposits anytime (up to $50,000). Open with just $50 Hurry—this is a special, limited-time offer.

View all posts from:

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 (142)

The brilliance of Customer Service

Posted by: IssRip | Dec 2, 2017

Navy Federal has hands down the best customer service experience of any bank I've ever had the pleasure of interfacing with. I once had my account stolen and they fixed it with all of my money back in less than 2 hours flat. I once lost my debit card and they cancel it and had mailed me a new one in less than 24 hours flat. They are truly the best. Sometimes I call them just to ask questions and they are always helpful, never annoyed by my mere existence, and always willing to go above and beyond to make sure I'm satisfied, which spoiler alert, I always am. If you are looking for a reliable, fair, and generally well run bank, Navy Federal is the bank for you. It is nice to be treated like a person for once in the service industry.

A generally great experience

I have rarely had a bad experience with my credit union, and I've been a member for over 10 years. The rates for money market accounts are competitive (0.5%-0.65%), the customer service has always been reliable (even if the waits on the phone can take 10-15 minutes), and the website is more than functional and has been updated in response to customer feedback. Additionally, the security regarding potential fraud issues has always been top-notch; I've had several instances where an attempt to compromise my account has occurred, and the credit union has always been right on top of it, locking my account and guiding me through the necessary steps to secure my accounts. I cannot recall an inherently bad experience regarding checking and savings accounts, customer service, or security issues, and I'm happy to call myself a member.

Online Banking with Navy Federal Credit Union

Working with Navy Federal can be an extremely enjoyable experience. Their online banking has a very user friendly set up and has very few issues or bugs. When a bug is discovered they are quick to eliminate the issue and continually update the user. I have never had an issue making a deposit. It is easy and fast. They offer the ability to take a picture of your check and the funds are immediately available. The trust is there and it shows through with their customer service. When checking balances the summaries are extremely easy to find and read. Lastly when drawing money from an ATM they pay back the fees allowing customers to not worry about which ATM to stop for cash. This is such an amazing feature, especially when traveling.

Moronic Customer Service - Power Of Attorney

Posted by: itserich | Dec 28, 2017

In attempting to establish a power of attorney, we submitted a power of attorney that stated it covers "all bank accounts" and "all assets." Navy Federal would not accept it because it did not specifically reference IRAs.

We happened to have a second power of attorney. A mistake was made and first the blank POA was sent, without signatures. When the correct copy with signatures was sent, Navy Federal refused to accept it and told us to have another copy signed.

Absolutely moronic. Why would a copy signed in August 2017 be unacceptable, but a copy in December 2017 be acceptable? And, the first power of attorney should have been enough.

Navy Federal has the periodic CD special, but that is the only good trait I have noticed.

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Health

Health Grade Components

Overall
NCUA #5536
Year Chartered1947
Employees14305
Primary Regulator
Profit Margin
Return on Assets - YTD1.57%
Return on Equity - YTD13.18%
Annual Interest Income$0
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$83.70B$78.50B
LoansQ3 2017vs Q3 2016$63.32B$57.06B
DepositsQ3 2017vs Q3 2016$61.71B$54.58B
Equity CapitalQ3 2017vs Q3 2016$9.90B$8.95B
Loan Loss AllowanceQ3 2017vs Q3 2016$1.29B$1.10B
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$652.1MM$546.8MM
Real Estate OwnedQ3 2017vs Q3 2016$12.7MM$14.5MM
  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 Fed 3 Yr Variable Rate Cd

nao597   |  
Increased to 2.14% APY from 1.93%, $500 min

Navy Fed 1St IRA Bonus + Special = 3.32%

geez44   |  
There's a currently IRA special at NavyFed going on (32months @ 2.75 APY) but what's not mentioned is that if you don't CURRENTLY have an IRA with NavyFed, they will give you $100 bonus as well (and it will be listed as as "dividend" not a "contribution" so you can still contribute up to your maximum amount!)

Though NavyFed's wording makes it sound like it's only for your "first" IRA with them that you get the bonus, they gave me the bonus even though I've had IRAs with them in the past (it's just been a few years since I had any with them). They also credited the $100 within a few days, surprisingly.

If one opens up one of these CDs and deposits their full yearly contribution ($5500, or $6500 if 50+ years old) upon opening, that can make the "real" interest rate of this product be more like 3.32% with the bonus.

If you're over 50, and you open the CD with your full yearly contribution ($6500), and NavyFed gives you the $100 bonus within a few days (making it $6600), then compounded monthly, at the end of 32 months....

*If no bonus (2.75% APY on $6500 for 32 months, compounded monthly) you should have $6993.93 at the end.

*With the bonus (2.75% APY on $6600 for 32 months, compounded monthly) you should have $7101.59 at the end.

And if you were to find a bank offering 3.32% interest for 32 months, 3.32% APY for 32 months on $6500 is $7102.73.

So in the case above, getting that $100 bonus is like instead, having the interest rate be 3.32% for 32 months.

Just wanted to be sure people were aware of this promotion. It apparently started in December, and have no idea how long it will last. Again, you won't get the promotion if you already have an IRA with NavyFed, but while the wording says it's for your first IRA with them, it looks like they're giving it even to people that have (at one time) had IRAs with them, but no longer do.

Navy Credit Union 15 Months 2.25% Add On CD.

Ally6770   |  
Watch Your Savings Take Off
Continue growing your savings by opening our Special 15-Month Share Certificate. Earn guaranteed returns at 2.25% APY* and make additional deposits anytime (up to $50,000).
Open with just $50
Hurry—this is a special, limited-time offer.

Limited Offer

Fifi   |  
Special Certificate 15 months. Rate 2.23%, APY 2.25.

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
0.25%--Share Savings

Navy Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$250k*-Jumbo Money Market Savings
OTHER TIERS: 0.25% Up to $100k | 0.85% $100k - $250k
0.90%*$250k*-Jumbo IRA Money Market Savings
OTHER TIERS: 0.25% Up to $100k | 0.85% $100k - $250k
0.75%*$50k*-IRA Money Market Savings
OTHER TIERS: 0.60% $2,500 - $10k | 0.65% $10k - $25k | 0.70% $25k - $50k
0.75%*$50k*-Money Market Savings
OTHER TIERS: 0.60% $2,500 - $10k | 0.65% $10k - $25k | 0.70% $25k - $50k

Navy Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$25k*-Flagship Checking
OTHER TIERS: 0.35% $1,500 - $10k | 0.40% $10k - $25k
0.45%*$25k*-Premium Business Checking
OTHER TIERS: 0.35% $1,500 - $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
3.00%$50$3k12 Month Special EasyStart Certificate
2.45%*$100k*-7 Year CD
OTHER TIERS: 2.35% $1k - $100k
2.40%*$100k*-6 Year CD
OTHER TIERS: 2.30% $1k - $100k
2.35%*$100k*-5 Year CD
OTHER TIERS: 2.25% $1k - $100k
2.25%$50$50k15 Month CD Special
2.14%$500-3 Year Variable Share Certificate
2.10%*$100k*-4 Year CD
OTHER TIERS: 2.00% $1k - $100k
1.95%*$100k*-3 Year CD
OTHER TIERS: 1.85% $1k - $100k
1.85%*$100k*-24 Month CD
OTHER TIERS: 1.76% $1k - $100k
1.70%*$100k*-18 Month CD
OTHER TIERS: 1.60% $1k - $100k
1.55%*$100k*-12 Month CD
OTHER TIERS: 1.45% $1k - $100k
1.45%$100-12 Month EasyStart Certificate
1.20%*$100k*-9 Month CD
OTHER TIERS: 1.10% $1k - $100k
0.90%*$100k*-6 Month CD
OTHER TIERS: 0.80% $1k - $100k
0.90%--3 Month - 5 Year SaveFirst Account
0.70%*$100k*-3 Month CD
OTHER TIERS: 0.60% $1k - $100k

Navy Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$50$3k12 Month Special EasyStart IRA
2.75%$50$250k32 Month IRA Special
2.45%*$100k*-7 Year IRA
OTHER TIERS: 2.35% $1k - $100k
2.45%*$100k*-7 Year ESA
OTHER TIERS: 2.35% $1k - $100k
2.40%*$100k*-6 Year IRA
OTHER TIERS: 2.30% $1k - $100k
2.40%*$100k*-6 Year ESA
OTHER TIERS: 2.30% $1k - $100k
2.35%*$100k*-5 Year IRA
OTHER TIERS: 2.25% $1k - $100k
2.35%*$100k*-5 Year ESA
OTHER TIERS: 2.25% $1k - $100k
2.14%$500-3 Year Variable IRA
2.10%*$100k*-4 Year IRA
OTHER TIERS: 2.00% $1k - $100k
2.10%*$100k*-4 Year ESA
OTHER TIERS: 2.00% $1k - $100k
1.95%*$100k*-3 Year IRA
OTHER TIERS: 1.85% $1k - $100k
1.95%*$100k*-3 Year ESA
OTHER TIERS: 1.85% $1k - $100k
1.85%*$100k*-24 Month IRA
OTHER TIERS: 1.76% $1k - $100k
1.85%*$100k*-24 Month ESA
OTHER TIERS: 1.76% $1k - $100k
1.70%*$100k*-18 Month IRA
OTHER TIERS: 1.60% $1k - $100k
1.70%*$100k*-18 Month ESA
OTHER TIERS: 1.60% $1k - $100k
1.55%*$100k*-12 Month IRA
OTHER TIERS: 1.45% $1k - $100k
1.55%*$100k*-12 Month ESA
OTHER TIERS: 1.45% $1k - $100k
1.45%$100-12 Month EasyStart IRA
1.20%*$100k*-9 Month IRA
OTHER TIERS: 1.10% $1k - $100k
1.20%*$100k*-9 Month ESA
OTHER TIERS: 1.10% $1k - $100k
0.90%*$100k*-6 Month IRA
OTHER TIERS: 0.80% $1k - $100k
0.90%*$100k*-6 Month ESA
OTHER TIERS: 0.80% $1k - $100k
0.70%*$100k*-3 Month IRA
OTHER TIERS: 0.60% $1k - $100k
0.70%*$100k*-3 Month ESA
OTHER TIERS: 0.60% $1k - $100k
Locations

Availability