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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 Offers Very Competitive 5-Year CD, 3.50% APY - 7/8/2019

Navy Federal Credit Union's 5-year Share Certificate rate has been increased to 3.50% APY on all tiers. Minimum deposit is $1k. There is no maximum deposit.

Navy Federal CU Has 5 Year 3.5% CD - 7/8/2019

Navy Federal CU has 5 year 3.5% CD

Great News! Navy Federal Offering 3.50% APY 5-Year CD - 7/8/2019

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.

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 (159)

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 .

Garbage Credit Union

Posted by: Biggcraze | Jun 12, 2019

Stay as far away as possible! This credit union is a joke! If you have horrible credit then this is the place for you. If you have excellent credit then this is the place for you. If you're average in the middle then they will screw you! I read great reviews on this place so I decided to open an account. The guy in the branch who opened my acct was really selling me on the Platinum Balance Transfer card. I have a Discover card with a $9000 limit and a balance of $1900. I have a Chase Sapphire with an $8000 limit and $1900 balance. I have an Amex $3k limit $0 balance. I have a Credit One card $1k limit with $0 balance. I have the regular store cards, Target, Kohls, Victoria Secret with $500 to $1k limits with no balances. Average age of credit is 3 1/2 years. Reading online I am seeing people with 650 ficos getting $25k cards and $15k cloc with NFCU. I had a 710 fico with 0 negs. 98% on time payment history with 4 inquiries (home lender). I open my account and follow the guys advice on the Platinum BT card. Then I apply for the cloc. Like everyone else I ask for the $15k on the cloc. This raggedy cu hit me with 3 hard pulls. 2 on Transunion and 1 on Equifax. They then give me the lowest amount of credit possible with $500 for the cc and $500 for the cloc. My score dropped 14 points on Transunion and 6 points on Equifax. Now my Transunion is in the 600's. High 600's but still what a waste! What card am I going to transfer to the BT card? Lol! I just really feel disrespected. Ok... I know the accounts will mature and my score will bounce back into the 700's in a few months but I really feel like they have a bizarre system on how, who, and amount they approve people for their lines of credit. I wish I had stayed away from them and just opened another Discover or Chase card in 6 months. I know I went on a rant but hopefully this will help others on making a decision on whether to try their luck with NFCU.

Good CD Rates

Posted by: johndavid | Feb 10, 2019

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

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
NCUA #5536
Year Chartered1947
Employees16629
Primary Regulator
Profit Margin
Return on Assets - YTD1.69%
Return on Equity - YTD13.97%
Annual Interest Income$1.26B
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$103.1B$89.80B
LoansQ1 2019vs Q1 2018$75.06B$67.06B
DepositsQ1 2019vs Q1 2018$77.21B$67.01B
Equity CapitalQ1 2019vs Q1 2018$12.13B$10.30B
Loan Loss AllowanceQ1 2019vs Q1 2018$1.54B$1.35B
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$710.9MM$621.1MM
Real Estate OwnedQ1 2019vs Q1 2018$24.7MM$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 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.

Navy Federal 2.75% 10 Mth Add-On Special

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

Rates
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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%$1k-5 Year Certificate
3.50%$50$3k12 Month EasyStart Certificate Special
3.50%$1k-5 Year Certificate Special
3.25%*$100k*-7 Year Certificate
OTHER TIERS: 3.10% $1k - $100k
3.20%*$100k*-6 Year Certificate
OTHER TIERS: 3.05% $1k - $100k
2.80%*$100k*-4 Year Certificate
OTHER TIERS: 2.65% $1k - $100k
2.75%*$100k*-3 Year Certificate
OTHER TIERS: 2.60% $1k - $100k
2.65%*$100k*-24 Month Certificate
OTHER TIERS: 2.50% $1k - $100k
2.50%*$100k*-18 Month Certificate
OTHER TIERS: 2.35% $1k - $100k
2.40%*$100k*-12 Month Certificate
OTHER TIERS: 2.25% $1k - $100k
2.35%*$100k*-9 Month Certificate
OTHER TIERS: 2.20% $1k - $100k
2.29%$500-3 Year Variable Share Certificate
2.25%*$100k*-6 Month Certificate
OTHER TIERS: 2.10% $1k - $100k
2.25%$100-12 Month EasyStart Certificate
1.45%*$100k*-3 Month Certificate
OTHER TIERS: 1.30% $1k - $100k
1.35%$5-3 Month - 5 Year SaveFirst Account

Navy Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%$1k-5 Year IRA
3.50%$1k-5 Year ESA
3.50%$100-12 Month EasyStart IRA
3.50%$1k-5 Year IRA Special
3.50%$1k-5 Year ESA Special
3.25%*$100k*-7 Year IRA
OTHER TIERS: 3.10% $1k - $100k
3.25%*$100k*-7 Year ESA
OTHER TIERS: 3.10% $1k - $100k
3.20%*$100k*-6 Year IRA
OTHER TIERS: 3.05% $1k - $100k
3.20%*$100k*-6 Year ESA
OTHER TIERS: 3.05% $1k - $100k
2.80%*$100k*-4 Year IRA
OTHER TIERS: 2.65% $1k - $100k
2.80%*$100k*-4 Year ESA
OTHER TIERS: 2.65% $1k - $100k
2.75%*$100k*-3 Year IRA
OTHER TIERS: 2.60% $1k - $100k
2.75%*$100k*-3 Year ESA
OTHER TIERS: 2.60% $1k - $100k
2.65%*$100k*-24 Month IRA
OTHER TIERS: 2.50% $1k - $100k
2.65%*$100k*-24 Month ESA
OTHER TIERS: 2.50% $1k - $100k
2.50%*$100k*-18 Month IRA
OTHER TIERS: 2.35% $1k - $100k
2.50%*$100k*-18 Month ESA
OTHER TIERS: 2.35% $1k - $100k
2.40%*$100k*-12 Month IRA
OTHER TIERS: 2.25% $1k - $100k
2.40%*$100k*-12 Month ESA
OTHER TIERS: 2.25% $1k - $100k
2.35%*$100k*-9 Month IRA
OTHER TIERS: 2.20% $1k - $100k
2.35%*$100k*-9 Month ESA
OTHER TIERS: 2.20% $1k - $100k
2.29%$500-3 Year Variable IRA
2.29%$500-3 Year Variable ESA
2.25%*$100k*-6 Month IRA
OTHER TIERS: 2.10% $1k - $100k
2.25%*$100k*-6 Month ESA
OTHER TIERS: 2.10% $1k - $100k
1.45%*$100k*-3 Month IRA
OTHER TIERS: 1.30% $1k - $100k
1.45%*$100k*-3 Month ESA
OTHER TIERS: 1.30% $1k - $100k
Locations

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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.