BEST OF

Best Military Banks and Credit Unions

Spencer Tierney
By Spencer Tierney 
Edited by Yuliya Goldshteyn

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Our favorite military-focused financial institutions offer a combination of account options, competitive rates and low fees — as well as flexibility for families who face frequent moves or deployments. If you’re affiliated with the military, consider one of these financial institutions as your next place to bank.

Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our coverage to help you choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions.

» Other options: Though we didn’t consider them for this list, many national, regional and online banks have low fees and rates that are competitive with these institutions. Check out our other top bank and credit union picks here.

Best military banks and credit unions of 2023

  • Navy Federal Credit Union: Best for 12-month share certificate.

  • Pentagon Federal Credit Union: Best for interest checking.

  • Andrews Federal Credit Union: Best for rewards checking.

  • Security Service Federal Credit Union: Best for 15-month share certificate.

  • Service Credit Union: Best for ATM fee rebates.

  • USAA: Best for ATM access.

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Best Military Banks and Credit Unions

Our pick for

12-month share certificate

NerdWallet rating 

4.5

/5
Navy Federal Credit Union

Our pick for

Interest checking

NerdWallet rating 

4.0

/5
PenFed Credit Union

Our pick for

Rewards checking

NerdWallet rating 

3.5

/5
Andrews Federal Credit Union

Our pick for

15-month share certificate

NerdWallet rating 

3.5

/5
Security Service Federal Credit Union

Our pick for

ATM fee rebates

NerdWallet rating 

4.0

/5
Service Credit Union

Our pick for

ATM access

NerdWallet rating 

4.0

/5
USAA Bank

Savings info for best military banks and credit unions

Financial institution

Rate on savings

Minimum deposit to open

Andrews Federal Credit Union

0.05%.

$5.

Navy Federal Credit Union

0.25%.

$5.

Pentagon Federal Credit Union

3.00%.

$5.

Security Service Federal Credit Union

0.05%.

$5.

Service Credit Union

5.00% APY on first $500, and 0.25% on funds above that amount.

$5.

USAA Bank

0.01%.

$25.

Last updated on February 14, 2023

To recap our selections...

NerdWallet's Best Military Banks and Credit Unions