Navy Federal Credit Union Carrot Score

Carrot ScoreTop Carrot

Higher than 85% of U.S. banks and credit unions

LowestMiddleHighest

By productProduct

CDs88
Savings86
Auto loans88
Credit cards81

Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.

Where Navy Federal Credit Union ranks

By Carrot score, in each area where it has branches

And 115 more areas

Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.

By product

How each product scores

How its rates compare with every U.S. bank and credit union. Open a product to see them.

CDs

88top 17% nationallyOne of its best two · 5 terms

Term	Its rate	Beats	U.S. median	Top 25% atTop 25%	Top 10% at
3-8 months	1.50%	14%	3.50%	3.82%	4.05%
9-15 months	4.05%	78%	3.70%	4.00%	4.25%
16-30 months	4.10%	86%	3.35%	3.85%	4.20%
31-60 months	4.10%	91%	3.05%	3.65%	4.07%
Qualified	4.10%	72%	3.85%	4.15%	4.35%

Best rates 88.2 · all terms 70.4 → 81.1 → 88

Savings

86top 27% nationallyAdds 1.5 · 4 balances

Balance	Its rate	Beats	U.S. median	Top 25% atTop 25%	Top 10% at
$1,000	0.25%	58%	0.20%	0.50%	1.51%
$10,000	1.10%	74%	0.50%	1.15%	2.20%
$100,000	1.70%	68%	1.00%	2.01%	2.93%
Qualified	1.10%	69%	0.60%	1.31%	2.43%

Best rates 71.5 · all balances 68.6 → 70.4 → 86

Auto loans

88top 18% nationallyOne of its best two · 2 vehicles

Vehicle	Its rate	Beats	U.S. median	Top 25% atTop 25%	Top 10% at
New vehicle	4.29%	89%	5.00%	4.74%	4.25%
Used vehicle	5.29%	52%	5.39%	4.99%	4.49%

Best rates 89.3 · all vehicles 70.5 → 81.8 → 88

Credit cards

81top 44% nationallyAdds 1.5 · 1 rate

Card	Its rate	Beats	U.S. median	Top 25% atTop 25%	Top 10% at
Purchase APR	10.24%	56%	10.90%	9.90%	8.90%

Best rates 56.2 · all rates 56.2 → 56.2 → 81

Where the score could improve

Auto loans, Used vehicle4.99%5.29% today, lower than 52% of U.S. institutions. 4.99% would reach the top quarter; 4.49% the top 10%.
CDs, 3-8 months3.82%1.50% today, higher than 14% of U.S. institutions. 3.82% would reach the top quarter; 4.05% the top 10%.
CDs, Qualified4.15%4.10% today, higher than 72% of U.S. institutions. 4.15% would reach the top quarter; 4.35% the top 10%.

Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.

Method

How the score works

Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.

How Navy Federal Credit Union got its score

Its products stand at 81.8 for auto loans, 81.1 for CDs, 70.4 for savings and 56.2 for credit cards, out of 100. Its best two, auto loans and CDs, average 81.5. Publishing four products adds 3.0, for 84.5. That puts it in the top 16% nationally: a Carrot Score of 88, a Top Carrot.

The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.

← Navy Federal Credit Union rates