Navy Federal Credit Union Account Types for All Needs

Navy Federal Credit Union offers a range of account types to suit different needs and preferences.

Their savings accounts can be opened with as little as $5, making it easy to start saving.

You can choose from a variety of checking accounts, including the Freedom Checking account that rewards members with cash back on purchases.

Navy Federal also offers money market accounts, which earn a higher interest rate than traditional savings accounts.

Navy Federal Credit Union offers a variety of checking accounts to suit different needs. The Free Active Duty Checking account is tailored for active-duty and retired military members, offering up to one day early access to military pay with qualifying direct deposit.

The credit union's checking accounts have varying features, including ATM fee rebates, no monthly service fees, and no minimum balance requirements. The Free EveryDay Checking account, for instance, has no monthly service fee or opening deposit requirement.

Here's a comparison of the credit union's checking accounts:

Businesses can also take advantage of the credit union's Business Premium Checking account, which offers tiered rates for balances ranging from $0 to $25,000 or more, with APYs of 0.35%, 0.40%, and 0.45% respectively.

Navy Federal CU offers a variety of savings accounts, including the Membership Share Savings Account, which requires a minimum deposit of just $5 and earns an APY of 0.25%.

Their Money Market Savings account earns an APY as high as 1.5% with a minimum balance of $2,500, while the Jumbo Money Market Savings account offers an even higher dividend rate on balances of $100,000 or more, up to 2.25% APY.

The Basic Savings Account at Navy Federal CU requires a minimum balance of $5 to earn interest and earns an APY of 0.25%, while the Education Savings Account allows families to save for educational expenses tax-free with an APY of up to 0.25%.

Navy Federal CU also offers a range of checking accounts, including the Free Active Duty Checking account, which earns 0.05% APY and offers ATM fee rebates up to $240 a year.

Their Business Premium Checking account offers tiered rates, with an APY of 0.35% for balances up to $9,999, 0.40% for balances between $10,000 and $24,999, and 0.45% for balances over $25,000.

Here are some key features of Navy Federal CU's savings accounts:

Business Premium is a great option for mature businesses with large transaction volumes. It offers a high level of flexibility and rewards for businesses that meet certain deposit balance requirements.

The Business Premium Checking account includes a monthly service fee of $0 or $20, depending on your business's needs. Unlimited signers are also included, making it easy to manage your business's finances.

One of the standout features of the Business Premium Checking account is its tiered rate structure. With APYs ranging from 0.35% to 0.45%, you can earn more interest on your deposits as your balance grows.

Here's a breakdown of the APYs for the Business Premium Checking account:

The Business Premium Checking account also includes a generous allowance for non-electronic transactions, with the first 100 included and $0.25 per transaction thereafter.

Navy Federal Credit Union offers a range of checking accounts, but what about business members? The Flagship Checking account is a great option for business owners who want to earn tiered dividends based on their balance, with APYs ranging from 0.35% to 0.45%.

This account features ATM fee rebates up to $120 a year and has no monthly service fee if the average daily balance is $1,500 or more. It's a great way to maximize your savings while enjoying additional rewards for higher balances.

If you're a business owner, you'll appreciate the flexibility of the Flagship Checking account. With no minimum balance requirements and a range of benefits, it's a solid choice for your business's financial needs.

Here are some key benefits of the Flagship Checking account:

Navy Federal Credit Union offers a variety of checking accounts to suit different needs.

The Free Active Duty Checking account is specifically designed for active-duty and retired military members, offering early access to military pay with qualifying direct deposit.

This account also features ATM fee rebates up to $240 a year, no monthly service fees, and no minimum balance requirements.

Free EveryDay Checking is a straightforward banking option with no monthly service fee or opening deposit requirement, making it suitable for members seeking a hassle-free experience.

The Free Easy Checking account has no monthly service fees or minimum balance requirements, and offers ATM fee rebates of up to $10 per month.

To keep this account open, you must either set up direct deposit or make at least 20 debit card transactions per statement period.

The Free Campus Checking account is designed for students aged 14 to 24, providing convenient banking with ATM fee rebates and no monthly service fees.

The Flagship Checking account allows members to earn tiered dividends based on their balance, with APYs ranging from 0.35% to 0.45%.

Here are the checking accounts offered by Navy Federal Credit Union:

The Free Active Duty Checking account earns 0.05% APY on your balance, while the Free EveryDay Checking account earns 0.01% APY.

The Free Easy Checking account also earns 0.05% APY credited monthly.

CDs are a great option at Navy Federal Credit Union, with a range of products to choose from.

Navy Federal Credit Union offers a variety of certificate products, including SaveFirst, Standard Certificates, EasyStart Certificates, and Special EasyStart Certificates.

The minimum deposit requirements for these CDs are flexible and low, ranging from $5 to $1,000, depending on the CD type.

Most banks require at least $1,000 to open a CD, making NFCU's CDs significantly more accessible.

The Special EasyStart Certificate features a competitive rate of 4.25% APY for a 12-month term, with a low minimum deposit of just $50.

This blows the average rate on a 12-month CD, which is 1.81%, out of the water.

The Save First CDs have the lowest opening deposit requirement, just $5 to open, making them a great option for those with limited funds.

However, the rates on Save First CDs are significantly lower, topping out at 0.40%.

Navy Federal Credit Union offers a range of features and benefits that make it an attractive option for its members.

ATM fee rebates are available, with the potential to save up to $240 a year. This can be a significant advantage for frequent travelers or those who rely on ATMs for their daily banking needs.

No monthly service fee is charged, which means you can use your account without incurring extra costs. This is a great perk for those who want to avoid unnecessary fees.

No minimum balance requirement is in place, giving you the freedom to use your account without worrying about maintaining a certain balance. This is a big plus for those who want to keep their finances flexible.

Free personalized checks are also available, making it easy to manage your finances with custom checks. This is a thoughtful touch that shows Navy Federal Credit Union cares about its members' needs.

If you're a member of the military, you can enjoy early access to your pay with direct deposit. This can be a huge help when you need to cover expenses or pay bills on time.

Here are the money market savings account options offered by Navy Federal Credit Union:

These options offer competitive rates and flexible access to your funds, making them a great choice for those who want to build savings while keeping their money readily available. The Education Money Market Savings Account, for example, allows you to access funds whenever needed while earning high dividend rates.