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 Federal CU "Courtesy" Program To Waive EWP When Reinvesting Share Certificate Proceeds Prior To Maturity Has Been Discontinued - 11/3/2023

First, I want to apologize in advance if this has been written up by someone else. I did a quick review of the DepositAccounts' Navy Federal "Related Posts", "Reviews" and "Forum" and did not see it explicitly addressed. If I missed it, please ignore this redundant post. According to a Navy Federal CSR, as of July, 2023, Navy Federal discontinued the "courtesy" program that enabled a customer to open a new share certificate and transfer the accrued balance in an existing share certificate prior to its maturity date to the new one while waiving the Early Withdrawal Penalty (EWP). In order to waive the EWP, this process required the maturity date of the newly opened certificate to be later than the maturity date of the existing certificate. Even though this program was referenced on DA and other blogs, it was not documented on the Navy Federal web site and, according to Navy, was done as a "courtesy" prior to its discontinuance. I asked the CSR if this was considered a temporary or per

Navy FCU Is Alive - 9/7/2023

Navy FCU has finally made a move upward, but only on their 12 month certificates! TYPE NAME AMOUNT PREVIOUS APY NEW APY CD 12 Month $1,000 - $19,999.99 4.40% 4.90% $20,000 - $99,999.99 4.40% 4.90% $100,000+ 4.45% 4.95% 12 Month EasyStart $50+ 4.35% 4.85% 12 Month EasyStart Special $50 - $3,000Maximum 4.85% 5.30%

Woo Hoo - We’Ve More Than Tripled Our Rate On A 3-Month Standard Certificate - 8/7/2023

I thought I'd throw this on here in case anyone needs a laugh on a rainy August Monday. Their tag line saying that they tripled their rate grabs your attention and then the rest continues to be disappointing for them during this rate cycle. Their certificate opening page now states this: Lock In Sky-High Rates Dreaming of sunny beaches, a fabulous retirement or something special? You could be earning more on your hard-earned money—with extra flexibility to choose your rate and term.

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8/12/20 - Navy Federal CU Shell Game - Email Promotion
6/5/20 - CD Rate Drop
4/6/20 - MM & CD Rate Cuts
3/20/20 - No Early Withdrawal Fee On Certificates. (COVID-19 Response)
3/10/20 - Rate Cuts And Curve Flattening
3/3/20 - Navy FCU - CD Specials For Regular And IRA With Add-On Still Available This Morning (3/3/20)
2/4/20 - Navy Federal Adds 17-month CD Special With Add-Ons
2/3/20 - New Share Certificate Available
1/13/20 - Limited-Time: Add To Your IRA
12/28/19 - Earn $100 To Open Checking Account
12/11/19 - Navy Federal Adds 37-Month IRA Certificate Special, 3.00% APY
12/9/19 - Navy Federal 37-Month 3.0% APY Add-On Special, IRA/ESA Only
12/4/19 - More Rate Drops At Navy Federal :(
11/1/19 - Navy Special Certificate Rates (9-Month, 18-Month, 5-Year) Gone
10/23/19 - Time To Exhale
9/30/19 - Navy Certificate Rates Decline
8/16/19 - Navy Fed Rate Change - Monday August 19
7/31/19 - Navy Federal Adds 18-Month CD Special, 3.00% APY
7/29/19 - Navy FCU - Two New CD Specials For Regular And IRA
7/29/19 - Slight Dip
7/8/19 - Navy Federal Offers Very Competitive 5-Year CD
7/8/19 - Navy Federal CU Has 5 Year 3.5% CD
7/8/19 - Great News! Navy Federal Offering 3.50% APY 5-Year CD
7/1/19 - Navy Federal 10-Month Add-On CD No Longer Listed
6/14/19 - Navy Federal Credit Union Surpasses $100 Billion in Assets
4/29/19 - Navy Federal Adds 10-month Special CD, 2.75% APY w/Add-Ons
4/29/19 - Navy Federal 2.75% 10 Mth Add-On Special
4/11/19 - IRA Rates Ending April 15th
2/4/19 - Navy Federal Offers 6-Month CD Special, 3.00% APY
2/4/19 - Celebration Special Rate 6-Month Certificate (Share/IRA/ESA)
1/7/19 - Navy Federal Introduces 17-Month Add-On CD Special, 3.25% APY
1/7/19 - Special Certificate Available Now!
1/2/19 - 17Mo CD (Non-IRA) Add-On @ 3.25% APY
12/24/18 - Possible New Promo CD Offering
12/20/18 - Deposit Delay Issue at Navy Federal - Tips To Avoid Future Problems
12/4/18 - Navy Federal Debuts 40-month IRA Certificate Special
12/3/18 - Navy FCU 3.75% 40 Month IRA Special
11/7/18 - 3 Yr Variable Rate CD
10/22/18 - NFCU 24-Month CD 3.00% APY
10/8/18 - Navy Federal Unveils 24-Month CD Special
10/1/18 - CD Rate Increase At Navy
8/21/18 - 3 Year Variable CD 2.79% APY
8/21/18 - Returns Now Up To 3.25% APY
7/30/18 - Most CD Rates Raised
4/30/18 - Navy Fed Adds 5-Year Certificate Special
4/30/18 - 2 New NFCU Special Certificates Available
4/3/18 - Navy Fed Has Ended 2.25% APY 15-Mth Add-On CD
1/30/18 - Navy Federal - CD Interest May / Will Not Be Paid If We Lose Money
1/8/18 - Navy Fed 3 Yr Variable Rate Cd
1/6/18 - Navy Fed 1St IRA Bonus + Special = 3.32%
12/19/17 - Navy Credit Union 15 Months 2.25% Add On CD.
12/14/17 - Limited Offer
12/4/17 - Navy Fed Offers New Special Certificates
7/31/17 - Navy Fed’s New Competitive Special Certificate: 5-Month ($10K Max)
7/31/17 - 3% 5 Month Taxable CD - $10K Max
6/7/17 - Navy Federal Increases 2-Year IRA CD Rates
5/15/17 - Navy Fed Ends a Backdoor Way To Qualify for Membership
5/1/17 - Navy Federal CD Update: 17-Month Special Ends, Standard Rates Up
3/2/17 - System Reset
2/14/17 - $25 Bonus For New Members At Navy Federal Credit Union
2/9/17 - Military Veterans and Family Members Now Eligible To Join Navy Fed
2/8/17 - Membership Change - Open To Veterans
1/4/17 - $25 Referal Bonus
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
9/5/12 - 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 (198)

One Of The Nation's Best Credit Unions

Posted by: |

Been with NFCU nearly 40 years. My experience with their banking services, CDs, IRAs, and credit cards has been outstanding. I've held accounts at several other CUs, and Navy Fed's website functionality and customer service is well above anything else I've tried.

Definitely 5 Stars, No Complains

Posted by: |

Their customer services are amazing, very polite and friendly, and they alway provide helpful information you need. CD rates are very competitive. highly recommended!

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.

Nfcu No More

Posted by: |

I am upset and appalled at what has become of nfcu. I am a marine with a DR of 100% I have a 500k house 2 refinanced cars thru nfcu 3 direct deposits blah blah blah. I have been loyal from day one now I can't even use my debit card. bought a gift card. that don't work. I'm so upset that I'm taking over 105k/yr plus refinances out of these shit bags. starting tomorrow whoever is their strongest enemy is where I go. I got no explanation. no anything. I wasted all these years with them and Noone I know will ever go with nfcu. horrible scam ridden disgusting people in charge



Health Grade Components

NCUA #5536
Year Chartered1947
Primary Regulator
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD9.51%
Annual Interest Income$0
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$165.3B$159.7B
LoansQ2 2023vs Q2 2022$116.4B$101.2B
DepositsQ2 2023vs Q2 2022$144.5B$135.3B
Equity CapitalQ2 2023vs Q2 2022$20.72B$24.42B
Loan Loss AllowanceQ2 2023vs Q2 2022$0$1.81B
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$1.41B$941.1MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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* 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

2.25%*$1m*-Jumbo Money Market Savings Account
OTHER TIERS: 0.25% Up to $100k | 1.65% $100k - $250k | 1.85% $250k - $500k | 2.05% $500k - $1m
2.25%*$1m*-Jumbo IRA Money Market Savings Account
OTHER TIERS: 0.25% Up to $100k | 1.65% $100k - $250k | 1.85% $250k - $500k | 2.05% $500k - $1m
1.50%*$50k*-IRA Money Market Savings Account
OTHER TIERS: 0.95% $2.5k - $10k | 1.06% $10k - $25k | 1.10% $25k - $50k
1.50%*$50k*-Money Market Savings Account
OTHER TIERS: 0.95% $2.5k - $10k | 1.06% $10k - $25k | 1.10% $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*-Business Premium Checking
OTHER TIERS: 0.35% $1.5k - $10k | 0.40% $10k - $25k
0.05%--Campus Checking
0.05%--Active Duty Checking
0.05%--Free Easy Checking
0.01%--EveryDay Checking
0.01%--Business Checking
0.01%--Business Plus Checking

Navy Federal Credit Union CD Rates

5.30%$50$3k12 Month EasyStart Certificate Special
5.05%*$100k*-12 Month Certificate
OTHER TIERS: 5.00% $1k - $100k
4.95%$50-12 Month EasyStart Certificate
4.55%*$100k*-18 Month Certificate
OTHER TIERS: 4.50% $1k - $100k
4.45%$50-18 Month EasyStart Certificate
4.25%*$100k*-24 Month Certificate
OTHER TIERS: 4.20% $1k - $100k
4.25%*$100k*-3 Year Certificate
OTHER TIERS: 4.20% $1k - $100k
4.15%$50-24 Month EasyStart Certificate
4.05%*$100k*-5 Year Certificate
OTHER TIERS: 4.00% $1k - $100k
4.05%*$100k*-7 Year Certificate
OTHER TIERS: 4.00% $1k - $100k
4.05%*$100k*-3 Month Certificate Special
OTHER TIERS: 4.00% $1k - $100k
0.50%*$100k*-6 Month Certificate
OTHER TIERS: 0.45% $1k - $100k
0.40%$5-3 Month - 5 Year SaveFirst Account
0.40%$50-6 Month EasyStart Certificate

Navy Federal Credit Union IRA Rates

5.05%*$100k*-12 Month IRA
OTHER TIERS: 5.00% $1k - $100k
5.05%*$100k*-12 Month ESA
OTHER TIERS: 5.00% $1k - $100k
4.95%$50-12 Month EasyStart IRA
4.95%$50-12 Month Easy Start ESA
4.55%*$100k*-18 Month IRA
OTHER TIERS: 4.50% $1k - $100k
4.55%*$100k*-18 Month ESA
OTHER TIERS: 4.50% $1k - $100k
4.45%$50-18 Month EasyStart IRA
4.45%$50-18 Month EasyStart ESA
4.25%*$100k*-24 Month IRA
OTHER TIERS: 4.20% $1k - $100k
4.25%*$100k*-3 Year IRA
OTHER TIERS: 4.20% $1k - $100k
4.25%*$100k*-24 Month ESA
OTHER TIERS: 4.20% $1k - $100k
4.25%*$100k*-3 Year ESA
OTHER TIERS: 4.20% $1k - $100k
4.15%$50-24 Month EasyStart IRA
4.15%$50-24 Month EasyStart ESA
4.05%*$100k*-5 Year IRA
OTHER TIERS: 4.00% $1k - $100k
4.05%*$100k*-7 Year IRA
OTHER TIERS: 4.00% $1k - $100k
4.05%*$100k*-5 Year ESA
OTHER TIERS: 4.00% $1k - $100k
4.05%*$100k*-7 Year ESA
OTHER TIERS: 4.00% $1k - $100k
4.05%*$100k*-3 Month ESA Special
OTHER TIERS: 4.00% $1k - $100k
4.05%*$100k*-3 Month IRA Special
OTHER TIERS: 4.00% $1k - $100k
0.50%*$100k*-6 Month IRA
OTHER TIERS: 0.45% $1k - $100k
0.50%*$100k*-6 Month ESA
OTHER TIERS: 0.45% $1k - $100k
0.40%$50-6 Month EasyStart IRA
0.40%$50-6 Month EasyStart ESA


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