at Navy Federal Credit Union,

Federally insured by the NCUA

Pros

High rates for share certificates.
No monthly fees on basic savings and several checking accounts.
Over 30,000 free ATMs, plus some checking accounts offer ATM fee rebates.

Cons

Small branch network.
0.25% APY on basic savings; better rates available elsewhere.

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Overall

4.5

Navy Federal Credit Union is the largest credit union in the country, with over 8 million members and a mission to serve those who serve our country.

 

Military-based membership: You can join Navy Fed if you’ve served in a branch of the U.S. armed forces on active duty or as a reservist, if you’ve worked for the Department of Defense or a DOD contractor, or if you’re immediate family of someone eligible for membership.

 

Why join: If you live near a branch or don’t mind banking online, you can find mostly no-fee checking and savings accounts and high rates on share certificates.

Ratings methodology | Updated Feb. 14, 2019

Checking

4.5
All five Navy Federal checking accounts earn dividends, and you can choose from some solid free and low-cost options.
Basic Savings Account
APY
0.25%
Min. balance for APY
$5

at Navy Federal Credit Union,

Federally insured by the NCUA

NerdWallet reviews are the result of independent research by our editorial team while accountholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.
Overall
Customer service
Poor
Website / app
Excellent
Rates
Poor
Fees
Low
Avoid Zelle
Navy Federal Credit Union is not strong, safe and secure with your money. They did nothing to help me recoup a $500 fraudulent loss. They should not offer Zelle at all or have a giant warning. The credit union has the ability and power to get the contact information of the deceiver from Zelle. Instead, I got a Dear John letter. No caring or support whatsoever. Not like our military!
Overall
Customer service
Poor
Website / app
Good
Rates
Good
Fees
Low
Very Disappointed
Disatisfied with service at Santee NFCU. Tried to add my son as secondary to an account and was told it couldn't be done unless he acknowledged that he understood the terms. The supervisor of the day still denied requests after my son acknowledged and she said that because of his disability he cannot be added. I was so displeased with the service that I closed three of the active accounts with NFCU. I have been a loyal customer since 1995 and couldn't believe the service I received after being a member for almost 25 years. Very disappointed and displeased with the service.
Some of the reviews on the NerdWallet site were purchased through a third party provider. Users who post a review directly on the NerdWallet site will not be compensated in any way. Please see our Terms of Use and Posting Guidelines for more information.