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  Navy Federal Credit Union Basic Savings Account

Navy Federal Credit Union Basic Savings Account

in Savings Accounts from Navy Federal Credit Union

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Navy Federal Credit Union Basic Savings Account

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in Savings Accounts from Navy Federal Credit Union

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Highlights
Highlights
Monthly Fee $0
APY (Annual Percentage Yield) 0.25%
APY Minimum Balance $5

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 Federal Credit Union Basic Savings Account is available in 50 states (and Washington, DC).

Navy Federal Credit Union Basic Savings Account FAQ

Are savings accounts from Navy Federal Credit Union federally insured?

Yes, your Navy Federal Credit Union savings 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.

Does Navy Federal Credit Union offer a signup bonus?

Navy Federal Credit Union Basic Savings Account has a signup bonus of $0.

What is the minimum balance for Navy Federal Credit Union Basic Savings Account?

The minimum balance to open a Navy Federal Credit Union Basic Savings Account is $0.
Navy Federal Credit Union Basic Savings Account Account Minimums
Description
APY Minimum Balance $5
Minimum Initial Deposit $0
Minimum Combined Balance to Avoid Monthly Fee N/A
Minimum Required Balance N/A
Minimum Direct Deposit to Avoid Monthly Fee N/A
Minimum Balance to Avoid Monthly Fee N/A

What APY does Navy Federal Credit Union offer?

Navy Federal Credit Union Basic Savings Account offers an APY of 0.25% (APY stands for annual percentage yield, rates may change).

What features and perks does Navy Federal Credit Union Basic Savings Account offer?

This account includes the following features:

  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - Navy Federal Credit Union Basic 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 Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.
  • Nationwide ATM network - Withdraw money and check your balance from wherever you are.
  • Navy Federal Credit Union Basic Savings Account Features
    Description
    Bank Account Features
    • Automatic Savings
    • Bauer Financial A+/A Rating
    • Branch Access
    • Check Images with Statement
    • Debit Card
    • Fraud Monitoring
    • Free Bill Pay
    • Interest Bearing Account
    • Mobile Banking
    • Mobile Check Deposit
    • Nationwide ATM Network
    • NCUA Member
    • No ATM Fees
    • No Monthly Maintenance Fee

What fees does Navy Federal Credit Union Basic Savings Account charge?

Navy Federal Credit Union Basic Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $14 fee.
  • Outoing 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.
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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.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $5
Minimum Initial Deposit $0
Monthly Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Returned Deposit Fee (Domestic) $15
Wire Transfer Fee - Domestic (Outgoing) $14
Wire Transfer Fee - International (Outgoing) $25
Bauer Financial A+/A Rating  
Bank Account Features
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Branch Access
  • Check Images with Statement
  • Debit Card
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • NCUA Member
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.25%

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