Jumbo Money Market Savings Account

Earn our Jumbo dividend rate on account balances of $100,000 or more. The dividend rate applies to the entire balance, not just the amount over the tier threshold.

Jumbo MMSAs feature:

• A dividend rate based on money market environment and may change weekly
• Dividends are earned daily and credited to the account at the end of each calendar month
• Due to the number of days in each calendar month, some months may see higher earnings
• Should the balance in the account fall below $100,000, the dividend rate paid will be the share savings rate for each day the account is below $100,000
• Additions are accepted in any amount, at any time
• Has no term restrictions
• Your account is included in our Safety and Soundness Guarantee

What if my balance falls below the $100,000 Jumbo dividend minimum?

Funds in MMSAs with balances below $100,000 will earn the share savings dividend rate for each day they remain below the minimum.

How can I access my account and what are the limits for transfers and withdrawals?

You may write up to three MMSA checks each month. You can also access your account by using Navy Federal Online^® Account Access, an ATM or by phone.

Federal regulation allows a maximum of six transfers and/or withdrawals per calendar month—up to three by MMSA check, and any online or pre-authorized transfers, including those through the Automated Clearing House (ACH), by telephone or fax request. Checks are counted by the date they are paid, not the date they are written.

There are no monthly limits on the number of transfers or withdrawals made in person at a branch, through an ATM or by mail.

What if I exceed the number of authorized transactions within a calendar month?

We'll honor any checks or ACH debits that exceed the monthly limit, but an "excessive item fee" per check will be debited from your account. Electronic systems, such as Account Access, will block the over-limit transactions altogether. By law, Navy Federal must monitor MMSA activity. Excessive transactions that are limited by the regulation could result in the incurring of fees and/or account closure.

What happens if I write a check for an amount that exceeds my account balance?

The check will be returned and an overdraft fee in the amount shown in the current Schedule of Fees and Charges would apply. Funds will not be transferred from your other accounts or Overdraft Protection (Line of Credit) to pay for the overdraft.

*Annual Percentage Yield. Certificate rates subject to change and penalty for early withdrawal applies. **APY for the $100,000 minimum Jumbo MMSA effective November 3, 2008 and may change weekly. If the balance falls below the minimum, the APY defaults to the share savings rate (currently 0.75%) for each day the account is below $100,000. The Jumbo MMSA allows up to six withdrawals/transfers per calendar month either online, by phone or fax request—only three of which can be made by Jumbo MMSA check; unlimited withdrawals/transfers in person at a branch, ATM or by mail request. Dividends are earned daily and credited to the account at the end of the month. Fees may reduce earnings. This credit union is federally insured by the National Credit Union Administration.