at Navy Federal Credit Union,

Federally insured by the NCUA

Pros

Top 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.

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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. 5, 2020

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
Excellent
Website / app
Excellent
Rates
Poor
Fees
Low
Smart ceo's
Member for 32 years. Never a problem. Great ran organization. Ran by retired officers, Admirals with great education in business. Never need to look elsewhere for a financial institution.
Overall
Customer service
Excellent
Website / app
Excellent
Rates
Excellent
Fees
Low
Largest and the best Credit Union
I have been a member of the Pentagon Federal Credit Union for several years, but it was literally hell for new members. They require $500 in their checking account, and their best credit card will not be functional for the first three months. These were things that they never told me, but now the account works well. The Navy Federal Credit Union was easy to start up, their best credit card is functional immediately, and unlike PenFed, you can change your PIN, Password, and maybe your Uer name.
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