Secure Your Future

No matter what stage you’re at, Navy Federal’s retirement plans can help you reach your financial goals.

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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.1

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? 


Get started with a Traditional or Roth IRA plan.

Open Now a Traditional or Roth IRA Open an IRA account now

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

APY2

as high as

0.25%

Term

None

Minimum Deposit

as low as

$0

Available in Traditional, Roth and SEP

Learn More about Retirement Savings Accounts

Available in Traditional, Roth and SEP

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

APY 2

as high as

0.50%

Term

None

Minimum Deposit3

as low as

$0

Available in Traditional, Roth and SEP

Learn More about retirement Money Market accounts

Available in Traditional, Roth and SEP

Retirement 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

APY4

as high as

3.00%

Term

3 Months to 7 Years

Minimum Deposit

as low as

$50

Available in Traditional, Roth and SEP

Learn More about retirement certificates

Available in Traditional, Roth and SEP

Need additional help planning for retirement?  Learn more at Navy Federal Financial Group.5

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?

Explore our resources at Navy Federal's Savings Learning Center.

Learn More at the Savings Learning Center

Savings Resources

View MoreSavings Resources

Disclosures

1

Consult with your tax advisor.

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2

Rates on variable accounts (e.g., Share Savings, Checking, MMSA) may change after the account is open. This APY is accurate as of 06/14/2021. Fees may reduce earnings.

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3

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

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4

This APY is accurate as of 06/14/2021. 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.

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5

Nondeposit investment and insurance products are offered through Navy Federal Financial Group, LLC (NFFG) and through its subsidiary, Navy Federal Brokerage Services, LLC (NFBS), a member of FINRA/SIPC and an SEC registered investment advisory firm. Brokerage and advisory products are offered through NFBS. These products are not NCUA/NCUSIF or otherwise federally insured, are not guaranteed or obligations of the credit union, are not offered, recommended, sanctioned, or encouraged by the federal government, and may involve investment risk, including possible loss of principal. 1-877-221-8108. Trust Services available through MEMBERS Trust Company. 1-855-358-7878.

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