Money Market Savings Accounts
Ignite Your Savings
Light up your savings goals with our exciting money market savings rates. The more you save, the more you’ll earn!
Super Rates Mean Super Savings
Reach your goals faster with a Navy Federal money market or jumbo money market savings account.
- Give your money a powerful lift with an outstanding rate
- Get easy access anytime with transfers, ATM withdrawals or check writing
- Enjoy ultimate flexibility—with no limits on how long you can save or how often you withdraw
APY as high as
2.250%1
Term
None
What's a Money Market Account?
A money market account is a type of deposit savings account that accumulates dividends based on the account balance. These accounts earn dividends at a higher rate than a standard savings account, and funds can be accessed easily. It can be a great way to save for long-term goals like an emergency fund or large purchase.
What Are the Benefits?
Because money market accounts generally earn higher rates than standard savings accounts, they may help you grow your funds faster. You can easily access your money through ATM withdrawals, transfers and writing checks. When used alongside other types of deposit accounts, money market accounts can give your savings an extra boost.
Explore Our Accounts
Money Market Savings Account (MMSA)1
Take advantage of higher rates in exchange for a minimum balance of $2,5002 or more.
| Minimum Deposit | APY |
|---|---|
| $0 to $2,499 | 0.00% |
| $2,500 to $9,999 | 0.95% |
| $10,000 to $24,999 | 1.06% |
| $25,000 to $49,999 | 1.10% |
| $50,000 and over | 1.50% |
Rates apply to the entire balance, not just the amount over the tier threshold.
Monthly compounded, monthly credited.
Jumbo Money Market Savings Account (JMMSA)1
Earn Jumbo rates on account balances of $100,000 or more.3
| Minimum Deposit | APY |
|---|---|
| $0 to $99,999 | 0.25% |
| $100,000 to $249,999 | 1.65% |
| $250,000 to $499,999 | 1.85% |
| $500,000 to $999,999 | 2.05% |
| $1,000,000 and over | 2.25% |
Rates apply to the entire balance, not just the amount over the tier threshold.
Monthly compounded, monthly credited.
Money Market Savings Account Basics
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.
Compare Savings Options
Choose the savings option that will help you reach your goals.
Share Savings Account
Save on your terms while still earning dividends.
- Depost requirement varies by product±
- No minimum balance required to earn dividends
- Funds available anytime through transfers and ATM withdrawals
- Money can be added regularly, automatically
MMSA & Jumbo MMSA
Generally, earn at a higher rate than a standard savings account.4
- No minimum deposit required
- Dividends earned on MMSA balances of $2,500 or more
- Jumbo rates earned on JMMSA balances of $100,000+ (balances up to $99,999 earn at standard savings rates)
- Funds available anytime through checks, transfers and ATM withdrawals
- Money can be added regularly, automatically
Certificate
Set aside money to earn at a higher rate than a savings account.
- Earn guaranteed returns
- Select from a variety of terms, great for short- or long-term savings
- Enjoy flexible minimum deposit amounts that work for you
±A Membership Savings Account with a $5 minimum is required to establish and maintain membership. Additional Share Savings Accounts do not require the $5 minimum.
Want More Information About Saving?
Explore our resources at Navy Federal's Savings Learning Center.
Savings Resources
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Savings Rates
Check out our competitive rates on all Navy Federal savings products.
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Compare Savings Rates
Use this calculator to see how different rates can impact your savings strategy.
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Disclosures
Rates on variable accounts (e.g., Share Savings, Checking, MMSA) may change after the account is open. This APY is accurate as of 11/28/2023. Fees may reduce earnings.
↵A $2,500 minimum balance must be maintained to earn dividends on MMSA accounts.
↵Should the balance in a Jumbo MMSA account fall below $100,000, the dividend rate paid will be the Savings Account rate for each day the account is below $100,000.
↵A $2,500 minimum balance must be maintained to earn dividends on MMSA accounts. Should the balance in a Jumbo MMSA account fall below $100,000, the dividend rate paid will be the Savings Account rate for each day the account is below $100,000.
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