Navy Federal Credit Union review 2024: see rates for checking, savings, CDs, and more


Founded by veterans in 1933 during the Great Depression, Navy Federal Credit Union (NFCU) has continued to serve veterans and their families. Its more than 13 million members enjoy a wide range of financial services and high returns on their investments free checking accounts and share certificates. Not worth it credit union offers a strong digital experience in addition to its 350 branch operations. It also works with the CO-OP Network, which has more than 30,000 ATMs in and outside the United States to give you easy access to your money.

All prices and fees are current as of April 1, 2024, and are subject to change.

To view accounts: Starting at $0 per month
Savings accounts: Open with as little as $0
Storage certificates (CDs): Earn up to 5.30% annual percentage yield (APY)

Who is eligible to join Navy Federal Credit Union?

To open an account with Navy Federal Credit Union, you must meet its requirements, which are simple – be a member of the US Armed Forces, be a relative of someone in the US Armed Forces, or be an employee of the US Department of Defense (DoD). Current and retired members of any branch of the US Armed Forces are eligible to open an account with Navy Federal Credit Union, and this includes the following:

  • Air Force
  • Soldiers
  • Coast Guard
  • Marine Corps
  • National Guard
  • Space Force
  • Delayed Entry Program

Eligible family members include parents, grandparents, spouses, siblings, children (adopted and stepchildren), and grandchildren. Family members are also welcome. You can visit a Navy Federal Credit Union branch or call (888) 842-6328 to verify your eligibility. Also, note that each account holder must maintain their membership by having at least $5 in their savings account.

Navy Federal Credit Union prices and supplies

Navy Federal Credit Union offers a variety of banking products, including free checking accounts, savings accounts and justice APY and parts, and The price of shares APY credit union CDs called share certificates.

Checking accounts

Navy Federal Credit Union offers five free checking accounts for military, and all accounts offer benefits and APYs. You’ll also enjoy online and mobile banking, allowing you to pay your bills and make deposits from anywhere. NFCU also offers maximum security and zero interest on your credit card. When you don’t get a checking account bonusyou can open a chat account without money.

Navy Federal Credit Union is checking account status
Account opening bonus There is none
Low opening costs $0
Monthly payments $0–$10
The price of shares APY 0.45% on Flagship checking accounts with $25,000
Checks It is available for free
Custom checks $0
NCUA insurance Up to $250,000

Below are the accounts available to Navy Federal Credit Union customers.

Free Online Search

Whether you’re working, retired, or booking, this social media account gives you:

  • Monthly payments: $0
  • APY0.05%
  • Fixed interest rate0.05%
  • ATM-cash discount: Up to $20 per month (time to specify)
  • Optional overdraft fees: $20 for all events

Free Screening

This account requires you to set up direct deposits or make 20 credit card transactions each month to be successful:

  • Monthly payments: $0
  • APY0.05%
  • Fixed interest rate0.05%
  • ATM-cash discount: Up to $10 per month (time to specify)

Free Floor View

Navy Federal’s Free Campus checking account is suitable for students and youth members between the ages of 14 and 24:

  • Monthly payments: $0
  • APY0.05%
  • Fixed interest rate0.05%
  • ATM-cash discount: Up to $10 per month (time to specify)

Free Viewing Every Day

This checking account is suitable for those who want flexible checking accounts with limited funds. You pay no monthly fees and you’ll earn 0.01% APY on your balance.

Flagship review

The Flagship checking account rewards members for having more money in their checking account. Below are its features and benefits:

  • Monthly payments: $0–$10 (depending on currency)
  • APY: Starts at 0.35% for accounts under $10,000
  • Fixed interest rate0.35%-0.45%
  • ATM-cash discount: Up to $10 per month (time to specify)

Savings accounts

Navy Federal Credit Union offers members a Shared Savings account with as little as $5. NFCU also offers retirement savings options for military personnel through its IRA Share account, which does not require you to open a minimum investment. You can set up a regular retirement account (IRA), Roth IRA, Simplified Employee Pension (SEP) plan, or Coverdell Educational Savings Accounts (ESA) with Navy Federal Credit Union. However, they are not high yield savings accounts.

Navy Federal Credit Union savings account
Low opening costs $0–$5
Fixed interest rate 0.25%
APY 0.25%

Savings fees at Navy Federal Credit Union compared to today’s top rates*

Although Navy Federal Credit Union is the best option for military personnel and their families, some credit unions offer higher interest rates. Compare the prices above with a list of competitors:

Storage documents

We like the high yield on Navy Federal Credit Union’s share certificates, NFCU’s version of the bank’s CDs. They compete with excellent CDs you’ll get it from banks that support non-military customers, and there are several types of CDs to choose from. See below what you can get from Navy Federal Credit Union share certificates, whose dividends increase daily.

Navy Federal Credit Union CDs
Low deposit $1,000
The duration of the current period 3 to 84 months
The price of shares APY 5.30% on the EasyStart Special Certificate
Early withdrawal penalty Benefits for 90-365 days, depending on your schedule

Standard Certificates

Navy Federal Credit Union has created this share certificate for those who want to save their money once and get a big return. CDs can offer a higher APY for customers who deposit $100,000 or more.

EasyStart documentation

This is ideal for people who are looking for a convertible certificate because it allows you to add money whenever you want. You can also unlock multiple EasyStart licenses without a purchase limit:

  • Low deposit: $50
  • The word that exists: 12-24 months
  • APY4.15% -4.95%

Special Certificates for EasyStart

This share certificate is available to Navy Federal Credit Union customers who have accounts that set up direct deposits. There is a purchase limit, and you can only open one certificate at a time, but you will get the most yield for the money put aside:

  • Low deposit: $50
  • More savings: $3,000
  • The current time: 12 months
  • APY5.30%

Compare Navy Federal Credit Union alternatives

Here’s how Navy Federal Credit Union compares to other financial institutions that offer services to active duty and retired service members and their family members.

All prices are subject to change. Please contact the agencies for the most recent rates.

Is Navy Federal Credit Union right for you?

Navy Federal Credit Union is a good fit for active duty and retired military and their families and DoD personnel who want to benefit from high credit scores and low interest rates and APYs on checking accounts. It is also convenient if you want to go to a branch near the military base or get your money anywhere since the branches are located near the military facilities, and NFCU provides digital information.

NFCU is suitable for qualified customers who want to save for retirement after serving their country. However, those looking for a variety of savings account options or high-yield savings may want to consider other NFCU options.

Frequently asked questions

Can non-military personnel use the Federal Navy?

Yes, you can join Navy Federal Credit Union with a partnership. This means that if you are a family member or a member of the military, you can enjoy the same benefits as one.

Is it worth joining Navy Federal Credit Union?

What makes a bank relationship worthwhile varies from customer to customer. But if you’re eligible, opening an account with Navy Federal Credit Union comes with many perks such as high yields on share certificates, zero monthly payments, and cashback when using non-NFCU ATMs.

Is Navy Federal Credit Union insured?

Yes, the National Credit Union Administration (NCUA), the US government agency that oversees credit unions and protects their members, offers up to $250,000 in member accounts.

Where are Navy Federal Credit Union branches located?

Navy Federal Credit Union has 350 branches around the world. You’ll find them near military bases within the US and other countries, such as Greece, Italy, South Korea, Singapore, and Spain, which help soldiers get their money wherever there is duty.


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