Navy Federal Credit Union Promotions: Best Offers and Bonuses
Written by
Cynthia Bowman
Edited by
Amber Barkley
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Banks regularly offer promotions to attract new customers. They want your business and are willing to pay you hundreds if you open an account.
Navy Federal Credit Union offers financial services for active and retired members of the military and certain government employees, plus their families. In the event you’re considering joining the credit union, check out its current promotions before you open a new account.
Current Navy Federal Credit Union Promotions
These promotions were picked because they represent the best Navy Federal Credit Union promotions that are currently available. Take a look. You may just find one you can’t pass up.
| Account | Bonus Amount | Expiration |
|---|---|---|
| Senior Enlisted Reward Program | Up to $500 | N/A |
Navy Federal Checking and Savings Account Promotions and Offers
Senior Enlisted Reward Program: Up to $500 Bonus
The Senior Enlisted Reward Program lets you earn $100 for each new Senior NCO you refer to the credit union. Navy Federal coupons are not required for this bonus, but the people you refer must meet membership criteria and provide your access number when opening their new account.
Here’s more about the Navy Federal referral bonus:
- Bonus value: Up to $500
- Minimum deposit to qualify: $0
- Expiration date: None — offer may expire at any time without notice
- How to claim: Refer active-duty National Guard and Reserves E-7 through E-9 for membership and earn $100 for each one who joins, up to a $500 total reward. The people you refer must mention the program and provide your access number when applying for membership for you to get credit.
- When you’ll get it: The bonus is deposited within 14 business days after the referred person’s membership is approved.
- Terms and conditions: This offer is not available to recruiters or Navy Federal employees and their immediate families. Referring members and referred individuals must be at least 18 years old.
- Fees: None
Earn your Senior Enlisted Reward Program bonus by referring new customers to Navy Federal Credit Union.
How To Qualify for a Navy Federal Credit Union Bonus
For the current Navy Federal promotion, you must be a member to qualify. If you meet membership requirements, you can complete the membership application.
You and any joint owners need to provide:
- A driver’s license or government-issued ID
- AÂ Social Security number
- A home address
- A way to fund your account, such as a credit card, a debit card or your routing and bank account numbers to initiate a transfer
Individuals who are being sponsored by a current credit union member also need to provide information about their sponsor. This includes the last four numbers of the sponsor’s Social Security number and a credit union Access Number. Once your account is approved, you can log in and start banking.
Comparing Navy Federal Offers to Competitor Promotions
Navy Federal Credit Union’s promotions can provide members with a generous financial boost, but how do they stack up against offers from other banks and credit unions?
| Bank and Account | Bonus Amount | Requirements | Expiration |
|---|---|---|---|
| Navy Federal Credit Union Senior Enlisted Reward Program | Up to $500 | Refer eligible senior enlisted members and earn $100 per referral — up to $500. | N/A |
| Huntington Bank Platinum Perks Checking | $600 | Deposit at least $25,000 of new money into your account within 90 days. | June 9, 2025 |
| Wells Fargo Everyday Checking | $300 | Open a new account with at least $25. Set up direct deposits totaling at least $1,000 within 90 days. | April 16, 2025 |
| KeyBank Key Smart Checking | $300 | Receive one direct deposit of at least $1,000 into your new account within 60 days. | March 21, 2025 |
When comparing bank account offers, consider more than just the bonus amount. Look at fees, interest rates and account requirements to find the right account for you.
MOST COMPARABLE
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$10 to $25
$5 to $35 waivable monthly fee
$0 to $25, many waivable
APY
APY
APY
N/A
Up to
for Key Select Checking
Min Opening
Min Opening
Min Opening
$0
$25
$0 to $50
MOST COMPARABLE
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$4 to $10
Up to $12 monthly service fee – can be waived
$0
APY
APY
APY
Up to
Up to for Platinum Savings accounts
Min Opening
Min Opening
Min Opening
$50
$25
$10
MOST COMPARABLE
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
Early withdrawal penalty may apply
N/A
APY
APY
APY
on 5-month promo CD
Up to
Up to
Min Opening
Min Opening
Min Opening
$1,000
$2,500 to $5,000
$2,500
Tips for Maximizing Your Navy Federal Offer
To make the most of your Navy Federal promotion, keep these tips in mind:
- Follow the eligibility rules: Some bonuses require membership, specific account types or a minimum balance to qualify.
- Use direct deposit when required: If the offer requires direct deposit, make sure you are hitting the minimum threshold and the transfers come from an eligible source.
- Keep your account open: Closing your account too soon may result in losing your bonus. Read the terms carefully.
Conclusion
Navy Federal Credit Union members enjoy low rates and fees on banking products and loans. They can also earn discounts that can add up to big savings over time, similar to offerings from other credit unions.
If you have friends and family who also qualify for membership, you can earn some decent cash by referring them to the credit union. Just make sure that the financial products, loans and banking services meet your needs.
FAQ
Here are the answers to some commonly asked questions about Navy Federal Credit Union promotions and bonuses.- How long does it take to receive a new account bonus?
- Most Navy Federal bonuses are credited within 14 to 65 days after meeting the requirements.
- Can existing customers qualify for these promotions?
- Some Navy Federal promotions are for new members only, while others, like referral bonuses, allow existing customers to earn rewards.
- What happens if I close my account early?
- Closing your account too soon may result in losing the bonus. Many offers require you to leave your account open for a set period of time.
- Are there any taxes on bank bonuses?
- Yes, bank bonuses are considered taxable income and may be reported on a 1099-INT form at the end of the year.
More About Navy Federal Credit Union
- Navy Federal Review
- Navy Federal CD Rates
- Navy Federal Savings Account Interest Rates
- Navy Federal Hours
- Navy Federal ATM Limits
Rudri Patel, Julia Gordon and Sarah Sharkey contributed to the reporting for this article.
Rates, offers and terms are subject to change; unless otherwise noted, rates are updated periodically. All other information on account and promotions are accurate as of March 18, 2025. Additional requirements may apply.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
