Navy Federal Credit Union Money Market Savings Account Review

Navy Federal Credit Union is a credit union based in Vienna, VA. It was founded in 1933 and offers its money market accounts in 31 states (and Washington, DC).

If you're considering a money market account and want to know whether Navy Federal Credit Union Money Market Savings Account is right for you, read on.

Is Navy Federal Credit Union Money Market Savings Account insured by the FDIC?

Navy Federal Credit Union Money Market Savings Account is not a member of the Federal Deposit Insurance Corporation (FDIC). This means your deposits are not covered by the FDIC if Navy Federal Credit Union Money Market Savings Account were to fall into financial difficulties.

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

Navy Federal Credit Union Money Market Savings Account offers an APY starting at 0.7% and ranging up to 0.85% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

Navy Federal Credit Union Money Market Savings Account Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.7% - 0.85%

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

Navy Federal Credit Union 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.

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

Navy Federal Credit Union 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 Credit Union 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 $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Navy Federal Credit Union 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.