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Navy Federal Credit Union

Popular Accounts at this Credit Union

2.05%5-year CD5 Year CD
1.85%4-year CD4 Year CD
2.10%6+ Year CD6 Year CD

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. EpBooks.us 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’s New Competitive Special Certificate: 5-Month ($10K Max) - 7/31/2017

Navy Federal Credit Union’s (Navy Fed) has come out with another high-rate add-on certificate special. This new one has a 3.00% APY with a term of 5 months.

3% 5 Month Taxable CD - $10K Max - 7/31/2017

my understanding is that this is for taxable accounts only. Very short term, but better than money market rates.

Navy Federal Increases 2-Year IRA CD Rates - 6/7/2017

Navy Federal Credit Union made an unusual rate increase this week. Its 2-year IRA certificate rates increased 20 bps. The new 2-year IRA certificate rates: 1.76% APY minimum $1,000 1.80% APY minimum $100,000 There was no change to the standard 2-year CD rates. These rates are: 1.55% APY minimum $1,000 1.60% APY minimum $100,000

View all posts from:

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
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?
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
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

Reviews (133)


Posted by: Jolynor | Sep 22, 2017

I have been with Navy Federal for about five years. Simply put, I wouldn't go anywhere else. The customer service that NFCU provides is second to none and I've dealt with all the big banks in my years on earth. When you have a problem, they fix it. If you have a question, they answer it, or get the answer back to you right away. I don't think I'll ever go anywhere else, even when I live in a place that doesn't have an actual physical branch within driving distance.


Posted by: Goofynisa | Sep 11, 2017

I have banked with Navy Federal for about six years. In the past I have banked with many other large "banks", as opposed to credit unions, and my experience with NFCU as compared to those "big banks" is the difference between night and day. I cannot stress more strongly the superb level of customer service and personalized banking I get with my credit union. For example, even when my credit wasn't all that great, I could, with one phone call, get a bank line of credit to purchase a car. Amazing. They are very good to me and I will never stop banking with NFCU.

Navy Federal Credit Union

We have been with the Navy Federal Credit Union since the early 80's. My husband has been retired from the Navy in 1998 and we still use the Credit Union for our checking and savings account. Even though we don't have a physical location near us, we are able to do anything we need to either by internet or over the phone. They are always so helpful and accommodating! We especially love that we can take a picture of a check and send it to them and it's deposited in our account by the next morning! It's flawless! We highly recommend the Navy Federal Credit Union!

Bye, Bye NFCU

Posted by: Tucker | Jan 22, 2012

Should be zero stars.

I have been a member for over 30 years. I lost two jobs in 2011 and ended up having to short sale my home.

Even though NFCU accepted AND approved the short sale, NFCU hasn't reported my mortgage as PAID IN FULL and they ignore my inquires via phone and certified mail. The icing on the cake, NFCU has cancelled my CC with no prior notice - an account that I have had for 20 years without one, not one, late payment.

Guess who is moving to USAA? Bye, bye NFCU.



Health Grade Components

NCUA #5536
Year Chartered1947
Primary Regulator
Profit Margin
Return on Assets - YTD1.58%
Return on Equity - YTD13.56%
Annual Interest Income$0
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$82.04B$77.83B
LoansQ2 2017vs Q2 2016$61.22B$55.47B
DepositsQ2 2017vs Q2 2016$60.45B$53.42B
Equity CapitalQ2 2017vs Q2 2016$9.55B$8.83B
Loan Loss AllowanceQ2 2017vs Q2 2016$1.20B$1.00B
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$572.5MM$476.4MM
Real Estate OwnedQ2 2017vs Q2 2016$12.8MM$17.4MM
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.

3% 5 Month Taxable CD - $10K Max

Anon456 |
my understanding is that this is for taxable accounts only. Very short term, but better than money market 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

0.25%--IRA Share
0.25%--Share Savings

Navy Federal Credit Union Money Market Rates

0.75%*$250k*-Jumbo Money Market Savings
OTHER TIERS: 0.25% Up to $100k | 0.70% $100k - $250k
0.75%*$250k*-Jumbo IRA Money Market Savings
OTHER TIERS: 0.25% Up to $100k | 0.70% $100k - $250k
0.65%*$50k*-IRA Money Market Savings
OTHER TIERS: 0.50% $2,500 - $10k | 0.55% $10k - $25k | 0.60% $25k - $50k
0.65%*$50k*-Money Market Savings
OTHER TIERS: 0.50% $2,500 - $10k | 0.55% $10k - $25k | 0.60% $25k - $50k

Navy Federal Credit Union Checking Account Rates

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

Navy Federal Credit Union CD Rates

3.00%$50$3k12 Month Special EasyStart Certificate
3.00%$50$10k5 Month Certificate Special
2.15%*$100k*-7 Year CD
OTHER TIERS: 2.10% $1k - $100k
2.10%*$100k*-6 Year CD
OTHER TIERS: 2.05% $1k - $100k
2.05%*$100k*-5 Year CD
OTHER TIERS: 2.00% $1k - $100k
1.85%*$100k*-4 Year CD
OTHER TIERS: 1.80% $1k - $100k
1.70%*$100k*-3 Year CD
OTHER TIERS: 1.65% $1k - $100k
1.60%*$100k*-24 Month CD
OTHER TIERS: 1.55% $1k - $100k
1.55%$500-3 Year Variable Share Certificate
1.45%*$100k*-18 Month CD
OTHER TIERS: 1.40% $1k - $100k
1.30%*$100k*-12 Month CD
OTHER TIERS: 1.25% $1k - $100k
1.25%$100-12 Month EasyStart Certificate
0.95%*$100k*-9 Month CD
OTHER TIERS: 0.90% $1k - $100k
0.85%*$100k*-6 Month CD
OTHER TIERS: 0.80% $1k - $100k
0.70%--3 Month - 5 Year SaveFirst Account
0.65%*$100k*-3 Month CD
OTHER TIERS: 0.60% $1k - $100k

Navy Federal Credit Union IRA Rates

3.00%$50$3k12 Month Special EasyStart IRA
2.15%*$100k*-7 Year IRA
OTHER TIERS: 2.10% $1k - $100k
2.15%*$100k*-7 Year ESA
OTHER TIERS: 2.10% $1k - $100k
2.10%*$100k*-6 Year IRA
OTHER TIERS: 2.05% $1k - $100k
2.10%*$100k*-6 Year ESA
OTHER TIERS: 2.05% $1k - $100k
2.05%*$100k*-5 Year IRA
OTHER TIERS: 2.00% $1k - $100k
2.05%*$100k*-5 Year ESA
OTHER TIERS: 2.00% $1k - $100k
1.85%*$100k*-4 Year IRA
OTHER TIERS: 1.80% $1k - $100k
1.85%*$100k*-4 Year ESA
OTHER TIERS: 1.80% $1k - $100k
1.80%*$100k*-24 Month IRA
OTHER TIERS: 1.76% $1k - $100k
1.80%*$100k*-3 Year IRA
OTHER TIERS: 1.76% $1k - $100k
1.80%*$100k*-24 Month ESA
OTHER TIERS: 1.76% $1k - $100k
1.80%*$100k*-3 Year ESA
OTHER TIERS: 1.76% $1k - $100k
1.55%$500-3 Year Variable IRA
1.45%*$100k*-18 Month IRA
OTHER TIERS: 1.40% $1k - $100k
1.45%*$100k*-18 Month ESA
OTHER TIERS: 1.40% $1k - $100k
1.30%*$100k*-12 Month IRA
OTHER TIERS: 1.25% $1k - $100k
1.30%*$100k*-12 Month ESA
OTHER TIERS: 1.25% $1k - $100k
1.25%$100-12 Month EasyStart IRA
0.95%*$100k*-9 Month IRA
OTHER TIERS: 0.90% $1k - $100k
0.95%*$100k*-9 Month ESA
OTHER TIERS: 0.90% $1k - $100k
0.85%*$100k*-6 Month IRA
OTHER TIERS: 0.80% $1k - $100k
0.85%*$100k*-6 Month ESA
OTHER TIERS: 0.80% $1k - $100k
0.65%*$100k*-3 Month IRA
OTHER TIERS: 0.60% $1k - $100k
0.65%*$100k*-3 Month ESA
OTHER TIERS: 0.60% $1k - $100k