Secure Your Future

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

  

 

New to Saving?

Earn a $50 bonus when you open your first IRA plan with Navy Federal.1

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

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

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

Open your first IRA and get a $50 bonus!1

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

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

APY 3

as high as

0.50%

Term

None

Minimum Deposit4

as low as

$0

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

APY5

as high as

3.00%

Term

3 Months to 7 Years

Minimum Deposit

as low as

$50

Need additional help planning for retirement?  Learn more at Navy Federal Financial Group.6

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

Offer is effective 1/5/2021 and can end or be modified at any time. Limit one $50 bonus per member. Primary account holders only. To qualify for the $50 bonus, members must open their first IRA plan and deposit a minimum of $50 in the new IRA account no later than 45 days after account opening. Once the $50 required minimum balance has been deposited to the IRA, Navy Federal will credit the bonus directly into the new IRA account within 45 days. Example: Members who open their first IRA plan on 1/10/2021 and fund their $50 minimum on 2/15/2021 will receive the $50 bonus in their IRA account by 3/30/2021. The bonus will be credited to the IRA in the form of a dividend and will not be reportable as a contribution. Account must be in good standing for credit to be processed. Penalties apply for early withdrawals from the certificate, including any earned dividends. Members should consult a tax consultant or obtain legal advice regarding any tax implications related to the dividend. Taxes related to the $50 IRA bonus are the member's responsibility. Navy Federal does not provide tax advice. 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 04/21/2021. Fees may reduce earnings.

4

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

5

This APY is accurate as of 04/21/2021. 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.

6

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.