Last Updated: 04/07/2026
Navy Federal Credit Union Basic Savings Account
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Last Updated: 04/07/2026
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
0.25%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$5
Number of Reviews
Navy Federal Credit Union Basic Savings Account Review
Navy Federal Credit Union Basic Savings Account is offered by Navy Federal Credit Union, a credit union founded in 1933 and based in Vienna, VA. Navy Credit Union savings account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Navy Federal Credit Union Basic Savings Account has an annual percentage yield of up to 0.25%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $5 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. Navy Federal Credit Union Basic Savings Account does not charge fees on ATM transactions .
Navy Credit Union savings account Pros & Cons
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Navy Credit Union savings account FAQ
Are savings accounts from Navy Federal federally insured?
Yes, your savings 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.
Does Navy Federal Credit Union offer a signup bonus?
Navy Credit Union savings account has a bonus of $0 .
What is the minimum initial deposit for Navy Credit Union savings account?
There is no minimum deposit to open a Navy Credit Union savings account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Navy Federal Credit Union Basic Savings Account offer?
Navy Credit Union savings account offers an APY of 0.25% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Navy Credit Union savings account charge?
Navy Credit Union savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $14 fee.
- Outgoing international bank transfers come with a $25 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
What features and perks does Navy Credit Union savings account offer?
This savings account includes the following features:
- Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
- Fraud monitoring - Navy Credit Union savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Navy Credit Union savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Navy Credit Union savings account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Navy Credit Union savings account?
The customer support email for Navy Credit Union savings account is info@navyfederal.org.
How do people rate the customer service and user experience of Navy Credit Union savings account?
Overall, Navy Credit Union savings account is strongly recommended based on community reviews that rate customer service and user experience.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
7:00AM - 5:00PM
Tuesday
7:00AM - 5:00PM
Wednesday
7:00AM - 5:00PM
Thursday
7:00AM - 5:00PM
Friday
7:00AM - 5:00PM
Saturday
Closed
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.
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Navy Federal Credit Union Basic Savings Account Community Reviews
Would you recommend Navy Federal Credit Union Basic Savings Account to your friends?
AB
Alexis B.
Jul 20, 2022
May or may not recommend
I love my savings accounts with Navy federal they are so convenient and you can open multiple for whatever your saving up for. I have one for housing, insurance, and etc. You also receive dividends on you r savings accounts which is always a plus.
Requita T.
Feb 2, 2022
May or may not recommend
I recommend Navy Federal credit Union to anyone this is my first time using it but it seemed like a good bank to be at
Nikki B.
Jul 15, 2021
May or may not recommend
Like most savings accounts, it is simple to use and has given me no issues in the past five years I have been using it. in general, Navy Federal is easy to use, especially for people who are getting their first savings account.
ZW
Zoe W.
Feb 11, 2021
May or may not recommend
If you are looking for a good quality savings account, I would go with the one Navy Federal Credit Union has to offer. My parents opened a checking and savings account for me years ago and I still use it everyday. The returns that you get are very slim but that is not what I use it for. I really like their app as well for easy banking access on ...Show More
DB
Dave B.
Dec 22, 2020
May or may not recommend
Their employees are amazing. Never had to complain of anything from them.
Showing 5 of 5 reviews
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