Navy FCU Jumbo Money Market Savings Account

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in Money Market Accounts from Navy Federal Credit Union

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Highlights
APY (Annual Percentage Yield)	0.25% - 0.50%
Minimum Balance to Earn APY	$100,000
Minimum Opening Deposit	Starting at $0

Navy FCU Jumbo Money Market Savings Account Review

Navy FCU Jumbo Money Market Savings Account is offered by Navy Federal Credit Union, founded in 1933 and based in Vienna, VA. Navy FCU Jumbo Money Market Savings Account is available in 51 states across the USA.

Key Takeaways

Very high APY. This account offers an annual percentage yield of up to 0.50%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $100000.
No minimum initial deposit. There is no minimum balance required to open an account.

Pros & Cons of Navy FCU Jumbo Money Market Savings Account

Pros	Cons
Available in all 50 states. High-interest yield. Does not offer mobile check deposits.	No signup bonus. Does not provide a debit card. Not FDIC-insured.

Navy FCU Jumbo Money Market Savings Account FAQ

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

No, your Navy Federal Credit Union money market accounts are not insured by a federal insurance agency. This means that if Navy Federal Credit Union were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What are the interest rates for Navy Federal Jumbo money market rates?

Navy Federal Jumbo money market offers an APY starting at 0.25% and ranging up to 0.50% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $100000.

Navy Federal Jumbo money market Rates and Terms
Rates	Amount
APY (Annualized Percentage Yield)	0.25% - 0.50%

What are the fees for Navy FCU Jumbo Money Market Savings Account?

Navy FCU Jumbo Money Market Savings Account does not charge a monthly maintenance fee.

Navy Federal Credit Union will charge you a $10 fee if you exceed your maximum number of monthly transactions.

Navy FCU Jumbo Money Market Savings Account Fees
Fees	Amount
Monthly Fee	$0
Paper Statement Fee	N/A
Excess Transaction Fee	$10

What is the minimum balance for Navy Federal Jumbo money market?

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 Jumbo money market offer?

This account includes the following features:

What is the support contact email?

The support contact email for this business credit card is info@navyfederal.org.

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.

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