Great Rates and Rewards
Building a strong financial foundation is important. That’s why we offer juniors and seniors attending a service academy special rates and incentives. It’s easy to get started.
Career Kickoff Loan
If you need a loan to get started, we offer a low 1.25% APR on a 60-month loan of up to $32,000. We’ll even defer your payments until 90 days after your commissioning.2
Open a GO REWARDS card and enjoy a 0% intro APR on purchases and balance transfers for the first 6 months. After that, our lowest variable APR of 7.49% will apply.3 Plus, you'll earn 2X the points on all your purchases, which you can redeem for cash, gift cards, merchandise, travel and more.4
Your Member Benefits
Once you become a member, you’re part of our family. We’re dedicated to providing you all the support you need to reach your financial goals along with the banking experience you deserve.
Our stateside member reps are here for you 24/7. Reach us online, over the phone or at a branch.Learn Moreabout Exceptional Service
Powerful Products With Great Rates
Get access to excellent member benefits, including competitive rates, superior service and free checking options.Learn Moreabout Powerful Products With Great Rates
Low Fees, Low Charges
Since we're a not-for-profit organization, one of the benefits of membership is that we keep our fees and charges low.Learn Moreabout Low Fees, Low Charges
With multiple ways to bank, you get access to your money the way you want it, when you want it—on your mobile device,* online, in person or at an ATM.Learn Moreabout Convenient Banking
Home Buying Made Easy
We're a top VA lender. If you've used up your VA eligibility, check out our Military Choice Home Loan, a great option for servicemembers and veterans.Learn Moreabout Home Buying Made Easy
Member Offers & Discounts
Enjoy member-exclusive offers and discounts that save you money on auto insurance, car rentals and more.Learn Moreabout Member Offers & Discounts
Membership Is a Big Deal
Our members could earn and save $3496 per year by banking with us. See how you can take advantage of your new membership perks.
Navigating Life in the Military
From transitioning into and out of military life, to being deployed and living overseas, your life is unique. Here are some resources to help you out, no matter where you are.
Who's eligible to apply?
Juniors and seniors currently attending the following military academies—and who are Navy Federal members—are eligible to apply:
- U.S. Air Force Academy
- U.S. Coast Guard Academy
- U.S. Merchant Marine Academy
- U.S. Military Academy at West Point
- U.S. Naval Academy
Applicants must be Navy Federal members. If you're not already a member, you can join today! Please note, the Career Kickoff Loan is only available to current students—not graduates.
How do I apply for the Career Kickoff Loan?
What type of information do you collect when I apply for the loan?
You’ll need to provide:
- Branch of Service (Air Force, Army, Coast Guard, Marine Corps or Navy)
- Graduation Date
- Requested Loan Amount (up to $32,000)
- Phone Number
- Proof of Enrollment (signed letter from Command)
How do I submit my Proof of Enrollment?
Bring your Proof of Enrollment to your local branch or submit it online via our Document Upload Portal by following these steps:
- Sign in
- Choose Proof of Enrollment
- Select "Career Kickoff Documents" as the file type
- Click Submit
Do I have to direct deposit my military pay into a Navy Federal checking account?
Yes, you must have direct deposit to your Navy Federal checking account set up for your military pay. This must be maintained throughout the life of the loan.
How soon will I receive a decision after I submit my loan application?
We'll try to provide you a decision within 24 hours. If you provided your email address during the application process, we'll send you a follow-up email with more details.
Can I electronically sign my loan?
Yes. Email notifications are sent with directions on how to electronically sign your Promissory Note.
Once my loan is approved, how do I receive my loan funds?
Your funds will be deposited into either your Navy Federal savings or checking account.
When will I have to make my first payment?
You won't have to make your first payment until 90 days after you get commissioned.
How can I use the loan funds?
The money can be used for expenses such as buying uniforms, consolidating high-interest debt (credit cards, personal loans, etc.), paying off transition expenses or buying a car.
Do I need a co-applicant?
No, you won't need a co-applicant to apply.
Will my credit be pulled for review?
Yes, the application is subject to credit approval.
Who's eligible for Free Active Duty Checking?
Free Active Duty Checking is designed for Active Duty and retired military personnel and reservists with a Defense Finance Accounting Service (DFAS) direct deposit. However, if you're a member between the ages of 18 and 24 and in the ROTC or OCS programs, the Free Campus Checking account is a great option to use until you enlist.
How do I qualify for Free Active Duty Checking?
What are the benefits and features of a Free Active Duty Checking account?
You’ll have early access to your pay, rebates on ATM fees (up to $240 a year), no monthly service fees and free personalized checks.
Are there any fees?
Is there a minimum balance requirement?
What happens if I open Free Active Duty Checking but it turns out I don't have a qualifying deposit? (Or something similar)
Can I change to a different checking account later?
Yes. It's easy to change to a different checking account.
Credit subject to approval.↵
Repayment may be deferred up to 3 months after graduation. The maximum loan amount after a 3-month period deferment would be $32,799. A loan of $32,799 for 60 months at 1.25% APR would have a monthly payment of $564.97.↵
As of 08/17/2022, a rate of 7.49% APR will apply and vary with the market based on the U.S. Prime Rate. ATM cash advance fees: None if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction. Balance transfer offer: Offer valid for balance transfers from non-Navy Federal credit cards requested within 30 days of account opening. Balance transfers are not eligible to earn rewards. Maximum total transfer amount is limited to your approved credit line. Balance transfers using convenience checks are excluded from this offer. Limit of one promotional offer at account opening. Navy Federal reserves the right to end or modify this offer at any time.↵
Rewards are earned on eligible net purchases. "Net purchases" means the sum of your eligible purchase transactions minus returns and refunds. Eligible purchase transactions do not include, and rewards are not earned for, the following transactions: cash advances, convenience checks, balance transfers, gambling, or fees of any kind, including finance charges, late fees, returned check fees, and ATM cash advance fees. Cash equivalent transactions, such as the purchase, loading, or reloading of gift and prepaid cards (e.g., money orders, GO Prepaid Cards and other cash equivalent gift cards), may not be eligible purchase transactions and may not earn rewards. Rewards expire 4 years after they are earned. Rewards expire four years from the month in which they were earned, as long as the account is open.↵
Up to $20.00 in ATM fee rebates per statement period.↵
Dollar value shown represents the results of the 2021 Navy Federal Member Giveback Study. The Member Giveback Study takes into consideration internal market analyses comparing Navy Federal products with industry national averages, as well as discounts, incentives, and other savings.↵