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Score an Outstanding Rate When You Open a Special 33-Month Certificate1

Open with $1,000 or more, and you can keep adding money.

See the Rate

Secure Your Future

Our retirement plans can help you reach your goals. 

Which Plan Works for You?

Before you start looking for the best savings account for your retirement, pick the plan that will get you there. Each plan type offers different benefits that can elevate your retirement savings.2  Both of them help you diversify your retirement savings approach and offer guaranteed returns rather than leaving you open to market volatility. 

Traditional IRA

Roth IRA

Who's this Traditional IRA option best for?

  • Individuals who expect to be in the same or lower tax bracket when taking withdrawals
  • Individuals who are eligible to deduct their contribution

When do I pay taxes on a Traditional IRA?

  • Enjoy tax-deferred growth now and pay taxes on your withdrawals when you retire.

When can I contribute to a Traditional IRA

Who's this Roth IRA option best for?

  • Individuals who expect to be in a higher tax bracket when taking withdrawals
  • Individuals who don’t need a deduction on their taxes now

When do I pay taxes on a Roth IRA

  • Pay taxes on your contributions now and enjoy tax-free withdrawals later.

When can I contribute to a Roth IRA

 

Simplified Employee Pension (SEP)

If you're self-employed (or work for a participating employer), a SEP plan may be the ideal way to save for retirement. You may make contributions into your own and each of your eligible employees' SEP plans. Open your SEP plan today.

Learn More about individual retirement account plan options.

Explore Our Accounts

Retirement Savings Accounts

IRA savings accounts allow you to save for your future on your terms while still earning dividends.

Features:

  • Long-term savings
  • Flexible contribution amounts
  • Early savers

APY3

as high as

0.25%

Term

None

Minimum Deposit

as low as

$0

Retirement Money Market and Jumbo Money Market Savings Accounts

IRA Money Market Savings Accounts (MMSA) offer all the perks of a basic savings account while letting you earn more with higher dividend rates. The higher your balance, the greater your earnings.

Features:

  • Long-term savings
  • Flexible contribution amounts
  • Early savers

APY3

as high as

0.75%

Term

None

Minimum Deposit4

as low as

$0

Retirement Standard Certificates

IRA certificates allow you to earn guaranteed returns at a higher dividend rate than a savings account. Choose from a variety of term options and deposit amounts to find the best certificate for your needs.

Features:

  • Flexible contribution amounts
  • Planning ahead
  • High dividend earnings

APY5

as high as

3.15%

Term

3 Months to 7 Years

Minimum Deposit

as low as

$50

IRA Contribution Limits, Deadlines & Eligibility

Make sure you’re on top of your IRA. Read over IRA contribution limits, deadlines and eligibility here.

Learn More about IRA contribution limits, deadlines and eligibility.

Want More Information About Saving?

Visit our Savings Learning Center for tips, tools and other resources.

Learn More at the Savings Learning Center

Savings Resources

View MoreSavings Resources

Disclosures

1

Limit one 33-Month Special Certificate (Share/IRA/ESA) per member. The 33-Month Special Certificate is available July 11, 2022. Effective July 11, 2022, the stated Annual Percentage Yield (APY) was 2.60%. Effective August 1, 2022, the stated Annual Percentage Yield (APY) is 3.30%. Navy Federal reserves the right to end or modify this offer or update the stated Annual Percentage Yield (APY) at any time. The 33-Month Special Certificate (Share/IRA/ESA) has a $1,000 minimum balance and a $100,000 maximum balance. Additional deposits are allowed at any time, subject to the maximum balance. Once the promotional rate is applied to a purchased certificate, it will remain in effect for the length of the product term. IRA/ESA certificates are subject to IRS contribution limits. Penalties apply for early withdrawals from certificates. Other restrictions may apply.

2

Consult with your tax advisor.

3

Rates on variable accounts (e.g., Share Savings, Checking, MMSA) may change after the account is open. This APY is accurate as of 08/16/2022. Fees may reduce earnings.

4

A $2,500 minimum balance must be maintained to earn dividends.

5

This APY is accurate as of 08/16/2022. This APY is an annualized rate that reflects estimated earnings based on the dividend rate and frequency of compounding. Dividends compounded daily, credited monthly. Penalties may apply for early withdrawals from certificate accounts. Offering rates may change.