Rates
Auto Loan Rates1
| Loan Type | Up to 36 mos. APR as low as | 37-60 mos. APR as low as | 61-72 mos. APR as low as | 73-84 mos. APR as low as | 85-96 mos. APR as low as |
|---|---|---|---|---|---|
| New Vehicle | 4.54% | 4.74% | 5.04% | 6.94% | 7.84% |
| Late Model Used Vehicle | 4.54% | 4.74% | 5.04% | N/A | N/A |
| Used Vehicle | 5.44% | 5.74% | 5.84% | N/A | N/A |
Rates as of Jun 03, 2023 ET.
New Vehicles: Minimum loan amount of $30,000 for loan terms of 85-96 months.Boat, Motorcycle and RV Loan Rates 2
| Loan Type | up to 36 mos. APR as low as | 37-60 mos. APR as low as | 61-72 mos. APR as low as | 73-84 mos. APR as low as | 85-180 mos. APR as low as |
|---|---|---|---|---|---|
| New Boat | 6.95% | 8.95% | 8.95% | 8.95% | 8.95% |
| Used Boat | 7.45% | 9.00% | 9.00% | 9.90% | 9.90% |
| New Motorcycle | 7.45% | 7.95% | 7.95% | 9.30% | n/a |
| Used Motorcycle | 7.45% | 10.05% | 10.05% | n/a | n/a |
| Other Eligible Vehicles | 7.45% | 7.45% | 9.80% | 9.80% | 9.80% |
Rates as of Jun 03, 2023 ET.
Boats: $25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed over 84 months.New Motorcycles: $25,000 minimum amount financed for 61-72 months. $30,000 minimum amount financed for 73-84 months.
Used Motorcycles: $25,000 minimum amount financed for 61-72 months.
Other Collateral: $25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed for over 84 months.
Short-Term Certificate Rates (Share, IRA, ESA) 4
| Term | $1K Minimum APY | $20K Minimum APY | $100K Minimum APY |
|---|---|---|---|
| 3 Months | 1.25% | 1.25% | 1.30% |
| 6 Months | 0.45% | 0.45% | 0.50% |
| 12 Months | 4.40% | 4.40% | 4.45% |
| 18 Months | 4.50% | 4.50% | 4.55% |
| 24 Months | 4.20% | 4.20% | 4.25% |
Rates as of Jun 03, 2023 ET.
The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding.Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly.
Long-Term Certificate Rates (Share, IRA, ESA)4
| Term | $1K Minimum APY | $20K Minimum APY | $100K Minimum APY |
|---|---|---|---|
| 3 Years | 4.20% | 4.20% | 4.25% |
| 5 Years | 4.00% | 4.00% | 4.05% |
| 7 Years | 4.00% | 4.00% | 4.05% |
Rates as of Jun 03, 2023 ET.
The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding.Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly.
SaveFirst Certificate Rates4
| Product | Minimum Deposit | Term | Dividend Rate | APY |
|---|---|---|---|---|
| SaveFirst Account | $5.00 | 3–60 Months | 0.40% | 0.40% |
The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly.
EasyStart Certificate Rates (Share, IRA, ESA)4
| Term | Minimum Deposit | Dividend Rate | APY |
|---|---|---|---|
| 6 Months | $50.00 | 0.40% | 0.40% |
| 12 Months | $50.00 | 4.26% | 4.35% |
| 18 Months | $50.00 | 4.35% | 4.45% |
| 24 Months | $50.00 | 4.07% | 4.15% |
Rates as of Jun 03, 2023 ET.
The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding.Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly.
Money Market Savings Account (MMSA) Rates — Savings, IRA & ESA4
| Minimum Deposit | Dividend Rate | APY |
|---|---|---|
| $0 - $2,499 | 0.00% | 0.00% |
| $2,500 - $9,999 | 0.95% | 0.95% |
| $10,000 - $24,999 | 1.05% | 1.06% |
| $25,000 - $49,999 | 1.09% | 1.10% |
| $50,000 and over | 1.49% | 1.50% |
Compounded and credited monthly. Must maintain a minimum daily balance of $2,500 to earn dividends. Rates on variable-rate accounts (e.g., Share Savings, Checking, and MMSA) could change after account opening. Fees may reduce earnings.
Jumbo Money Market Savings Account (MMSA) Rates — Savings & IRA4
| Minimum Deposit | Dividend Rate | APY |
|---|---|---|
| $0 - $99,999 | 0.25% | 0.25% |
| $100,000 - $249,999 | 1.64% | 1.65% |
| $250,000 - $499,999 | 1.83% | 1.85% |
| $500,000 - $999,999 | 2.03% | 2.05% |
| $1,000,000 and over | 2.23% | 2.25% |
Compounded and credited monthly. Rates on variable-rate accounts (e.g., Share Savings, Checking, and MMSA) could change after account opening. Fees may reduce earnings. 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.
Savings Account Rates4
| Product | Minimum Deposit | Term | Dividend Rate | APY | Compounded & Credited |
|---|---|---|---|---|---|
| Share Savings Account | $5.00 | None | 0.25% | 0.25% | Monthly |
| IRA Share Accounts (ESA, Roth, SEP And Traditional) | None | None | 0.25% | 0.25% | Monthly |
Fees may reduce earnings. Offering rates may change.
Checking Account Rates4
| Product | Minimum Deposit | Dividend Rate | APY |
|---|---|---|---|
| Free Everyday Checking | None | 0.010% | 0.010% |
| Free Active Duty Checking | None | 0.050% | 0.050% |
| Free Campus Checking | None | 0.050% | 0.050% |
| Free Easy Checking | None | 0.050% | 0.050% |
| Flagship Checking | $0.00 to $9,999** | 0.350% | 0.350% |
| Flagship Checking | $10,000 to $24,999 | 0.400% | 0.400% |
| Flagship Checking | $25,000 and over | 0.450% | 0.450% |
Rates on variable rate accounts (i.e., Savings, Checking and MMSA) could change after account opening. Fees may reduce earnings. Offering rates may change. Compounded and credited monthly.
** Must maintain an average daily balance of $1,500 to earn dividends.
Checking Protection Rates
| Product | APR as low as |
|---|---|
| Checking Line of Credit | 13.9% |
Write yourself a loan, anytime, up to your approved credit limit, plus have checking protection for your checking account.
Rates based on creditworthiness, so your rate may differ. Rates range from 13.9% APR to 17.9% APR.
Repayment terms of 2% of outstanding balance or $20, whichever is greater.
Credit Card Rates
| Credit Card | APR as low as ⁺ |
|---|---|
| Visa Signature® Flagship Rewards | 14.74% |
| cashRewards Visa/Mastercard | 14.40% |
| Navy Federal More Rewards American Express® Card | 14.40% |
| GO REWARDS® Visa/MasterCard | 13.74% |
| Platinum Visa/MasterCard | 10.74% |
| nRewards Secured® Visa/MasterCard | 18.00% |
Rates as of Jun 03, 2023 ET.
+Rates are based on product type and creditworthiness, so your rate may differ. Please see the Terms and Conditions for more details. Variable APRs apply to purchases, balance transfers, and convenience checks. The APR applicable to cash advance transactions will be a variable cash advance APR up to 2% higher than the APR for purchases. No fees for ATM cash advances if performed at a Navy Federal branch or an ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction. $49 annual fee for Visa Signature® Flagship Rewards.Conventional Fixed Mortgage Rates 5
Special Update for Mortgage Applicants: Due to a high volume of applications, it may take us longer than normal to respond. We’re working to process applications to the best of our ability. Thanks for your patience.
| Term | Interest Rates As Low As | Discount Points | APR As Low As |
|---|---|---|---|
| 15 Year | 5.625% | 0.250 | 5.820% |
| 15 Year Jumbo | 5.875% | 0.250 | 6.071% |
| 30 Year | 6.125% | 0.250 | 6.244% |
| 30 Year Jumbo | 6.125% | 0.250 | 6.244% |
Rates as of Jun 03, 2023 ET.
Rates subject to change.
Rates are based on an evaluation of credit history, so your rate may differ. For primary residences and second homes only. Rates quoted above require a 1.00% loan origination fee. The origination fee may be waived for a 0.25% increase in the interest rate. Rates displayed are the "as low as" rates for purchase loans and refinances.
VA Loan Rates 6
| Term | Interest Rates As Low As | Discount Points | APR As Low As |
|---|---|---|---|
| 15 Year | 5.250% | 0.875 | 6.002% |
| 30 Year | 5.375% | 0.750 | 5.813% |
Rates as of Jun 03, 2023 ET.
Rates subject to change.
Rates quoted above require a 1.00% loan origination fee. The origination fee may be waived for a 0.25% increase in the interest rate. Maximum loan amounts for VA loans are determined by property location. All VA loans are subject to a funding fee of up to 3.30% of the loan amount.
Rates displayed are the "as low as" rates for purchase loans and refinances.
Adjustable Rate Mortgage Loans7
| Loan Type | Interest Rates As Low As | Discount Points | APR As Low As |
|---|---|---|---|
| 3/5 Conforming ARM | 4.375% | 0.250 | 5.624% |
| 3/5 Jumbo ARM | 4.375% | 0.250 | 5.634% |
| 5/5 Conforming ARM | 4.625% | 0.250 | 5.527% |
| 5/5 Jumbo ARM | 4.625% | 0.250 | 5.527% |
Rates as of Jun 03, 2023 ET.
Rates subject to change .Rates are based on an evaluation of credit history, so your rate may differ. For primary residences and second homes. Adjustable rate mortgages are variable, and your annual percentage rate may increase or decrease after the original fixed rate period. All rates quoted above require a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Payments on all ARMs are based on a 30-year amortization.
3/5 and 5/5 ARM Loans: Mortgage insurance is not required. The minimum down payment for a two-unit property is 10%. Rates displayed are the "as low as" rates for purchase loans and refinances.
| Year | Interest Rate | APR | Monthly Payment |
|---|---|---|---|
| Taxes and insurance not included; therefore, the actual payment obligation will be greater. | |||
Homebuyers Choice Loan Rates 8
| Term | Interest Rates As Low As | Discount Points | APR As Low As |
|---|---|---|---|
| 30 Year | 7.500% | 0.500 | 7.841% |
| 30 Year Jumbo | 7.875% | 0.500 | 8.224% |
Rates as of Jun 03, 2023 ET.
Rates subject to change.
Rates are based on an evaluation of credit history, so your rate may differ.
All Conforming and Jumbo HomeBuyers Choice rates quoted above require a 1.00% loan origination fee. The origination fee may be waived for a 0.25% increase in the interest rate. All Conforming and Jumbo HomeBuyers Choice loans are subject to a funding fee of 1.75% of the loan amount. This funding fee can be financed into the loan up to a maximum of 101.75% LTV, or the fee can be waived for a 0.375% increase in the interest rate. Purchase loans require no down payment. LTV restrictions apply to refinance loans.
Purchase loans require no down payment. LTV restrictions apply to refinance loans. Rates displayed are the "as low as" rates for purchase loans and refinances.
Military Choice Loan Rates 9
| Term | Interest Rates As Low As | Discount Points | APR As Low As |
|---|---|---|---|
| 30 Year | 7.375% | 0.500 | 7.713% |
| 30 Year Jumbo | 7.750% | 0.500 | 8.096% |
Rates as of Jun 03, 2023 ET.
Rates subject to change.
Rates are based on an evaluation of credit history, so your rate may differ.
All Military Choice rates quoted above require a 1.00% loan origination fee. The origination fee may be waived for a 0.25% increase in the interest rate. All Military Choice loans are subject to a funding fee of 1.75% of the loan amount. This funding fee can be financed into the loan up to a maximum of 101.75% LTV, or the fee can be waived for a 0.375% increase in the interest rate. Purchase loans require no down payment. LTV restrictions apply to refinance loans.
Purchase loans require no down payment. LTV restrictions apply to refinance loans. Rates displayed are the "as low as" rates for purchase loans and refinances.
Note: to be eligible for Military Choice, at least one borrower must be Active Duty or a veteran.
Mortgage Rate Disclosures
Rates, discount points and terms are based on an evaluation of each member's credit history, loan-to-value (LTV), occupancy, payment type, loan amount and loan purpose, so your rate and terms may differ. All loans are subject to credit approval. Questions? Please contact Navy Federal at 1-888-842-NFCU (6328).
Navy Federal also offers home loans for investment properties. When reviewing quotes from other lenders, make certain you obtain the discount points and any origination fees for comparison with Navy Federal's rates. APRs reflect down payment/equity, unless otherwise noted.
Conforming Loans
Loan amounts up to $726,200. In AK and HI, the Conforming loan limit is $1,089,300.
Jumbo Loans
Loan amounts greater than $726,200. The Jumbo rates quoted above are for loan amounts above $726,200 up to $2,000,000. The maximum loan amount for Jumbo HomeBuyers Choice or Military Choice loans is $1,000,000.
Two-Four Unit Properties
VA Loans: Two-Four unit properties allowed.
Conventional Loans: Two unit properties are allowed. The minimum down payment for a two-family property is 15% (excludes 3/5 and 5/5 ARM products, see above). Conforming loan limit for two-family properties is $929,850. In AK and HI, the Conforming loan limit for two-family properties is $1,394,775.
Cash-Out Refinance
Any refinance mortgage where the proceeds will be used to pay any debt other than debt used in the purchase of the home is considered a cash-out refinance. Additional discount points will apply to cash-out loans, which are based on credit history and loan-to-value. Cash-Out Refinance is not allowed on Choice products.
Other
Loans with subordinate financing and loans secured by condominium properties may require additional discount points. Conforming loans secured by two-unit properties are subject to an additional 1.00% discount point. Manufactured homes are subject to an additional 0.50% discount point.
Rate Lock Policy
Extended Lock Options (Purchase and Refinance New Construction Only)
Available for Conventional and VA Loans. Fee is non-refundable, and if charged to the discount points, it must be collected up-front for Conventional Loans. The Long Term/Extended Price Lock option must be selected at time of lock and is not eligible for the Special Freedom Lock Promotion for purchase and refinance loans unless otherwise stated below.
- 90 days - additional 0.125 discount point
- 120 days - additional 0.250 discount point or 0.125% in rate
- 180 days - additional 1.000 discount point or 0.250% in rate
- 270 days - additional 1.500 discount points or 0.375% in rate
- 360 days - additional 2.000 discount points or 0.500% in rate
PURCHASE AND REFINANCE LOANS
The Standard Price Lock - Commitment is 60 days from the lock date at no additional cost.
The Float to Lock Option
If you select the Float to Lock Commitment, it means that you want to allow the interest rate and/or discount points to float with the market. You must lock in your interest rate and/or discount points at least seven (7) calendar days prior to settlement/closing.
The Freedom Lock Option
The Freedom Lock Option is available on refinance and purchase loans for a non-refundable 0.250% fee added to the origination. You will have the opportunity to relock one time if rates improve, with no maximum interest rate reduction. The fee must be collected up-front. VA Loans are not eligible for the Freedom Lock Option.
The Special Freedom Lock Promotion
The Special Freedom Lock Promotion is subject to change at any time. Offer is available for new loan applications at no additional fee, with a maximum interest rate reduction of up to 0.500%. You will have the opportunity to relock twice if rates improve, and your loan must close within your initial lock commitment period. The Special Freedom Lock option is available for:
- refinance applications (maximum 60-day lock commitment period)
- purchase applications (60- or 90-day initial lock commitment period only)
Fixed-Rate Home Equity Loan Rates10
| Loan Type | APR As Low As | Max Loan Amount |
|---|---|---|
| Fixed Equity 5 Years | 6.640% | $500,000 |
| Fixed Equity 10 Years | 6.950% | $500,000 |
| Fixed Equity 15 Years | 7.250% | $500,000 |
| Fixed Equity 20 Years | 7.650% | $500,000 |
Home Equity Line of Credit Rates11
| Loan Type | APR As Low As | Max Loan Amount |
|---|---|---|
| Home Equity Line | 8.500% | $500,000 |
| Home Equity Line - Investment | 10.500% | $100,000 |
| Home Equity Line - Interest Only | 9.500% | $250,000 |
Rates subject to change.
Personal Loan Rates
| Repayment Terms | APR as low as |
|---|---|
| 37-60 Months | 14.79% |
| 61-180 Months | 15.29% |
| Up to 36 Months | 7.49% |
Rates as of Jun 03, 2023 ET.
Rates based on creditworthiness, so your rate may differ.
Terms greater than 60 months available for home improvement loans. $25,000 minimum amount financed for 61 to 84 months. $30,000 minimum for amount financed over 84 months.
Payment Example: A loan amount of $5,000 for 36 months has a payment range from $156 to $183 and finance charge range from $623 to $1,598.
Savings Secured Loan Rates
| Repayment Terms | APR as low as |
|---|---|
| Up to 60 months | Share rate plus 2.00% |
| 61 to 180 months | Share rate plus 3.00% |
Payment Example: Share rate plus 2.00%. Loan amount of $3,000 at 2.25% APR for 60 months has a payment of $53.
Maintain a balance in your share savings account that is equal to the balance of your loan. As you pay down the loan, fewer shares are required to be secured.
In general, the following minimum loan amounts are required for extended term loans: $25,000 for loan terms of 61 to 84 months; $30,000 for loan terms of 85 to 180 months. Certain loan purposes may require higher minimum loan amounts. Permissible loan purposes for extended term loans include home improvements and the purchase of land, airplanes, fully self-contained recreational vehicles, and boats. Terms may apply. Call or visit a branch for additional information.
Certificate Secured Loan Rates
| Repayment Terms | APR as low as |
|---|---|
| Up to 60 months | Certificate rate plus 2.00% |
Payment Example: Certificate rate plus 2.00%. Loan amount of $3,000 at 6.20% APR for 60 months has a payment of $59. (Payment example based on a 7-year certificate with a 4.20% APY.)
Shares within a Standard Certificate account are pledged for the loan. The amount of the loan cannot exceed the number of shares in the certificate. The loan term must be equal to or less than the certificate term.
Disclosures
Credit and collateral subject to approval. Rates subject to change and are based on creditworthiness, so your rate may differ.
New Vehicles: 2022, 2023 and 2024 model years with 7,499 miles or less. Minimum loan amount is $30,000 for terms of 85-96 months.
Payment example: New auto loan of $20,000 for 36 months at 4.54% APR will have a monthly payment of $597.
Late Model Used Vehicles: 2022, 2023 and 2024 model years with 7,500-30,000 miles.
Used Vehicles: 2021 and older model years or any model year with over 30,000 miles.
If the vehicle is 20 years or older based on the model year, the vehicle is considered classic or antique and subject to collateral loan rates.
Credit and collateral subject to approval. Rates subject to change and are based on creditworthiness, so your rate may differ. Boat and recreational vehicles must be used for recreational purposes only.
Boats: New boat loan of $20,000 for 3 years at 6.95% APR will have a monthly payment of $620.
$25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed over 84 months.
New Motorcycles: 2022, 2023 and 2024 model years with less than 1,000 miles. New motorcycle loan of $15,000 for 3 years at 7.45% APR will have a monthly payment of $469.
$25,000 minimum amount financed for 61-72 months. $30,000 minimum amount financed for 73-84 months.
Used Motorcycles: 2021 and older model years, or more than 1,000 miles regardless of title history. $25,000 minimum amount financed for 61-72 months.
Other Collateral: Loan for other collateral of $15,000 for 3 years at 7.45% APR will have a monthly payment of $469.
$25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed for over 84 months. Collateral loans available for up to 180 months for home improvement on your primary residence.
Limit one Special EasyStart Certificate per member. APY accurate as of 06/03/2023. Navy Federal reserves the right to end or modify this offer at any time. Penalty for early withdrawal. The Special EasyStart Certificate has a $50 minimum balance and a $3,000 maximum balance. Additional deposits are allowed at any time, subject to the maximum balance. Certificate owner(s) age 18 and older must have Direct Deposit of Net Pay or payroll allotment and a Navy Federal checking account within 90 days of the certificate issue date. If these requirements have not been satisfied by the 90th day, your Special EasyStart Certificate dividend rate will be reduced to the prevailing dividend rate of the 12-month EasyStart Certificate for the remainder of the certificate’s term.
↵Rates as of 06/03/2023.
↵A fixed-rate loan of $300,000 for 15 years at 5.625% interest and 5.820% APR will have a monthly payment of $2,471.
A fixed-rate loan of $300,000 for 30 years at 6.125% interest and 6.244% APR will have a monthly payment of $1,822.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
Jumbo Loans: Loan amounts greater than $726,200. In AK and HI, the Conforming loan limit is $1,089,300. The Jumbo rates quoted above are for loan amounts above $726,200 up to $2,000,000.
A VA loan of $300,000 for 15 years at 5.250% interest and 6.002% APR will have a monthly payment of $2,411.
A VA loan of $300,000 for 30 years at 5.375% interest and 5.813% APR will have a monthly payment of $1,679.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. If you have less than your VA home loan entitlement, limitations to your loan amount may apply.
↵
Adjustable Rate Mortgages are variable, and your Annual Percentage Rate (APR) may increase after the original fixed-rate period. The First Adjusted Payments displayed are based on the current Constant Maturity Treasury (CMT) index, plus the margin (fully indexed rate) as of the stated effective date rounded to nearest 1/8th of one percent. All loans subject to credit approval.
↵A Homebuyers Choice loan of $300,000 for 30 years at 7.500% interest and 7.841% APR will have a monthly payment of $2,097. Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
Jumbo Loans: Loan amounts greater than $726,200. The Jumbo rates quoted above are for loan amounts above $726,200 up to $1,000,000.
A Military Choice loan of $300,000 for 30 years at 7.375% interest and 7.713% APR will have a monthly payment of $2,072. Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
Jumbo Loans: Loan amounts greater than $726,200. The Jumbo rates quoted above are for loan amounts above $726,200 up to $1,000,000.
Home Equity Loans are fixed-rate loans. Rates are as low as 6.640% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount, and occupancy, so your rate may differ. Closing costs are costs paid to third parties rather than an application or origination fee retained by Navy Federal. The closing costs depend on the location of the property, property type, and the amount of the Equity Loan. Rates are subject to change—information provided does not constitute a loan commitment. A sample Fixed-Rate Equity Loan monthly payment based on $100,000 at 7.650% APR for 20 years is $814.79. Taxes and insurance not included; therefore, the actual payment obligation will be greater. You must carry homeowners insurance on the property that secures this plan.
↵Home Equity Lines of Credit are variable-rate lines. Rates are as low as 8.500% APR and 9.500% for Interest-Only Home Equity Lines of Credit and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, line amount, and occupancy, so your rate may differ. The plan has a minimum APR of 3.99% and a maximum APR of 18%. Members who choose to proceed with an Interest-Only Home Equity Line of Credit may experience significant monthly payment increases when the line of credit enters into the repayment phase. Closing costs are costs paid to third parties rather than an application or origination fee retained by Navy Federal. The closing costs depend on the location of the property, property type, and the amount of the Equity Line. Rates are subject to change—information provided does not constitute a loan commitment. You must carry homeowners insurance on the property that secures this plan. Home Equity Lines of Credit are not available in Texas.
↵