Navy Federal Credit Union vs Bank of America
Navy Federal Credit Union is a savings account with low APY, best for military personnel. How does it compare to Bank of America? Read our comparison chart below.
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| Learn More | Learn More | |
Navy Federal Credit Union | Bank of America | |
|---|---|---|
12-Month EasyStart Certificate - 3.70% APY - | Bank of America Advantage Banking - Up to $500 Cash Offer | |
Benefits and Features | ||
| Savings | Share Savings Account: 0.25% APY. $5 minimum deposit. A Membership Savings Account with a $5 minimum is required to establish and maintain membership. | Bank of America Advantage Savings Standard Rate: 0.01% APY |
| CD | Standard Certificate: Up to 3.75% APY. Terms of 3 months to 7 years. Minimum deposit of $1,000. |
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| Checking | Free Active Duty Checking, Free Easy Checking, Free EveryDay Checking, Flagship Checking, Free Campus Checking, Business Checking Accounts |  |
| Mobile App | ||
| ATMs | 360+ Navy Federal and more than 30,000 CO-OP Network ATMs | |
| Customer Service | Phone: 888-842-6328 24/7 customer support Online chat |
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| IRA CD | Up to 3.75% APY. Terms of 3 months to 7 years. Minimum deposit of $1,000. | |
| Locations | ||
CreditDonkey® Reviews | ||
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| Mobile App | |  |
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| CD | | |
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| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Savings account with low APY, best for military personnel... | National bank with widespread accessibility and wide range of services... |
| Learn More | Learn More | |
Navy Federal Credit Union: Pricing information from published website as of 12/30/2025 based on 91107 zip code. Bank of America: Pricing information from published website as of 01/09/2026 based on 91107 zip code. | ||
Bank of America Advantage Banking - Up to $500 Cash Offer
- The cash offer up to $500 is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 05/31/2026.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.
Cash Bonus Total Qualifying Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
- Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
Bank of America® Business Advantage Banking - $400 or $750 Cash Bonus Offer
- The $400 or $750 cash bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new eligible business checking customers only.
- Offer expires 12/31/2026.
- To qualify, a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account through the promotional page and deposit New Money* directly into that new eligible account within thirty (30) days of account opening (“Deposit Period”). At the
end of the Deposit Period, all New Money deposits made directly into new eligible Business Advantage Banking account will be totaled to determine which Balance Requirement you have met and which corresponding Cash Bonus Tier you
are eligible for.
Balance Requirement Cash Bonus Tier $5,000 $400 $15,000 $750 - Maintain a daily balance in that new Business Advantage Banking account that meets the applicable Balance Requirement during the Maintenance Period**
- After you satisfy all of the requirements, Bank of America will attempt to deposit your earned bonus directly into your new eligible Bank of America Business Advantage Banking account within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- *New Money is new funds deposited into your Business Advantage Banking account that are not transfers from other Bank of America accounts or Merrill investment accounts.
- ** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
- Bank of America, N.A. Member FDIC
Business Advantage Relationship Banking
- Best for businesses with the need for extra accounts and robust banking needs.
- No fee for incoming wire, stop payment, electronic deposits and more.
- No fee for first 500 transactions per statement cycle.
- No fee for the first $20,000 in cash deposited per statement cycle at an ATM or Financial Center.
- Bank of America, N.A. Member FDIC
Which is Better: Navy Federal Credit Union or Bank of America?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Navy Federal Credit Union or Wells Fargo.
Articles on Navy Federal Credit Union
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How to Close a Bank of America Account
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Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.
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Find your Bank of America routing number and learn about money transfers in our guide.
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