Money Market Savings Accounts
Celebrate! New Tiers and Higher Rates on Our Jumbo Money Market Savings Accounts
Enjoy more options and guaranteed returns on your money.
Boost Your Savings Potential
Elevate your savings with a Money Market Savings Account (MMSA) or a Jumbo Money Market Savings Account.
- Grow your earnings with competitive rates
- Earn more than a standard savings account
- Access your money with checks and via ATMs
APY as high as
1.700%1
Term
None
What is a Money Market Account?
A money market account is a type of deposit savings account that accumulates dividends based on the current markets. This type of account can be used for emergency savings or saving for a large purchase. Money market accounts are designed to be out of sight with higher rates in order to make saving more feasible.
What are the benefits of a
Money Market Account?
Money market accounts provide higher rates than other savings accounts, which can increase your savings potential. The funds for these types of accounts are also easily accessible through check writing and debit card ATM withdrawals. A money market account can be used to boost your savings rate and can be used alongside other saving tools.
Explore Our Accounts
Money Market Savings Account1
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 | 0.65% |
| $10,000 to $24,999 | 0.70% |
| $25,000 to $49,999 | 0.75% |
| $50,000 and over | 0.90% |
Rates apply to the entire balance, not just the amount over the tier threshold.
Monthly compounded, monthly credited.
Jumbo Money Market Savings Account1
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 | 1.06% |
| $250,000 to $499,999 | 1.30% |
| $500,000 to $999,999 | 1.50% |
| $1,000,000 and over | 1.70% |
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.
| Savings Account | MMSA & Jumbo MMSA | Certificate |
|---|---|---|
Save on your terms while still earning dividends.
|
Earn more than a standard savings account (balance of $2,500 or more).4
|
Set aside money to earn at a higher rate than a savings account.
|
Want More Information About Saving?
Explore our resources at Navy Federal's Savings Learning Center.
Savings Resources
-
Savings Rates
Check out our competitive rates on all Navy Federal savings products.
Learn Moreabout Savings Rates -
Compare Savings Rates
Use this calculator to see how different rates can impact your savings strategy.
Learn Moreabout Compare Savings Rates -
Disclosures
Rates on variable accounts (e.g., Share Savings, Checking, MMSA) may change after the account is open. This APY is accurate as of 11/30/2022. 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.
↵