Navy Federal members can choose from several different checking accounts catering to different types of members. As its name suggests, the Free Active Duty Checking account, for example, is designed to suit active military members. There is also a campus checking account for students, ages 14-24.
Members who aren’t in school or in the military can opt for a free checking account or a premier account that pays more interest than the other accounts.
Higher yields are available at other banks and credit unions.
Interest is compounded on a monthly basis, not daily.
A $10 monthly service fee applies for the Flagship Checking account unless you maintain a $1,500 balance.