The Offer
- Open your first IRA account with Navy Federal Credit Union and receive a $100 bonus to the IRA account
- They are also offering the following two IRA certificates:
- 2.00% APY with 20-month term, $20 minimum, $20,000 maximum
- 2.25% APY with 30-month term, $10,000 minimum
The Fine Print
- Limit one bonus per member
- Must deposit a minimum of $100, must be deposited within 45 days of account opening
- Bonus will be deposited directly into IRA within 30 days of meeting the requirements
- Will be credited to your account in the form of a dividend and will not be reportable as a contribution.
Our Verdict
When it comes to long time investment advice, I’ve got a policy of not letting small incentives like this cloud my decision making process. If you already planned to set up an IRA with Navy Federal then this is a nice little incentive to do so.
Navy Federal Credit Union has restricted membership. Eligibility to NFCU is for military members, associated persons and their family. See more here.
