Navy FCU Money Market Savings Account

Unaffiliated

in Money Market Accounts from Navy Federal Credit Union · Insured by NCUA

Net Recommendation Score +100

1 user recommends

0 users are unsure

0 users don't recommend

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Highlights
Community Rating	Rating not yet determined
APY (Annual Percentage Yield)	0.4% - 0.45%
Minimum Balance to Earn APY	$2,500
Minimum Opening Deposit	Starting at $0

Navy FCU Money Market Savings Account Review

Navy FCU Money Market Savings Account is offered by Navy Federal Credit Union, a credit union founded in 1933 and based in Vienna, VA. Navy FCU Money Market Savings Account is available in 50 states (and Washington, DC).

Key Takeaways

Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.45%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $2500.
$0 monthly fee. This account does not charge any monthly account fees.
No minimum initial deposit. There is no minimum balance required to open an account.

Pros & Cons of Navy FCU Money Market Savings Account

Pros	Cons
Available in all 50 states. Generous dividends. Does not offer mobile check deposits. Insured by NCUA. Access to physical branches. Free debit card Access to a nationwide network of ATMs.	No signup bonus. Not FDIC-insured.

Navy FCU Money Market Savings Account FAQ

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 share owner for each account ownership category. 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 dividends for Navy Federal money market account rates?

Navy Federal money market account offers an APY starting at 0.4% and ranging up to 0.45% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

Navy Federal money market account Rates and Terms
Rates	Amount
APY (Annualized Percentage Yield)	0.4% - 0.45%

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

Navy FCU 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 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 money market 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 $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Navy Federal money market account offer?

This account includes the following features:

Check Writing - Navy Federal money market account includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
Fraud monitoring - Navy Federal Credit Union monitors transactions for potentially fraudulent activity.
Mobile Banking Services - Navy Federal money market account allows you to manage your money through online banking and a dedicated mobile app.
Nationwide ATM network - Navy Federal money market account allows you to access your money from an ATM, a convenient feature only a few offer.

What is the customer service phone number?

The customer service number for this business card is .

What is the support contact email?

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

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

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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Message From Navy Federal Credit Union

Navy Federal Credit Union was founded at the end of the Great Depression by 7 Navy Department employees who wanted to help themselves and their co-workers reach their financial goals. They envisioned a credit union that would offer loans with affordable rates and manageable terms. They wanted to encourage building financial security by providing a safe place to deposit savings and earn dividends. So they pooled their money and invited others to join. What started as a small group of naval employees with similar goals in 1933 has grown to include officers and enlisted men and women of all branches of the military, veterans, DoD employees and their family members. Today, we're proud to continue to serve the unique needs of our 10 million member-owners. The same mission that inspired our founders drives us today. We're a member-owned and not-for-profit credit union exclusively serving the military, veterans and their families. Our members are owners, not just customers, and each one of them has a vote. Because we’re not-for-profit, any surplus funds are returned to our members as dividends, reduced loan interest and improvements to our products and services. That means we have great rates, lower fees and exclusive discounts.

Elevate your savings with a Money Market Savings Account (MMSA) or a Jumbo Money Market Savings Account. MMSAs are an easy way to earn more than a basic savings account and still have all the same benefits—including easy access to your money and the ability to write checks.