Navy Federal Credit Union Jumbo Money Market Savings Account Review

Navy Federal Credit Union Jumbo Money Market Savings Account is offered by Navy Federal Credit Union, a credit union founded in 1933 and based in Vienna, VA. Navy Federal Credit Union Jumbo Money Market Savings Account is available in 31 states (and Washington, DC).

Are money market accounts from Navy Federal Credit Union federally insured?

Yes, your Navy Federal Credit Union money market accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What are the Navy Federal Credit Union Jumbo Money Market Savings Account rates?

Navy Federal Credit Union Jumbo Money Market Savings Account offers an APY starting at 0.25% and ranging up to 1.2% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $100000.

What are the Navy Federal Credit Union Jumbo Money Market Savings Account fees?

Navy Federal Credit Union Jumbo Money Market Savings Account does not charge a monthly maintenance fee.

Federal regulations limit the number of transactions you can make from your money market account to six per month.

What is the minimum balance for Navy Federal Credit Union Jumbo Money Market Savings Account?

No minimum initial deposit. Navy Federal Credit Union does not require a minimum initial deposit to open an account.

Interest rate minimum balance of $100,000. You must keep the account balance above $100,000 to earn interest.

What features and perks does Navy Federal Credit Union Jumbo Money Market Savings Account offer?

This account does not seem to offer any of the features and perks we track.

How to open an account with Navy Federal Credit Union

• Visit the Navy Federal Credit Union website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.