Navy Federal Credit Union offers digital investing services to its members. As a not-for-profit credit union, Navy Federal aims to provide affordable services to military members and their families. This article will provide an overview of the various fees associated with using Navy Federal’s digital investing platforms and how they compare to competitor offerings.
Account opening and maintenance fees for Navy Federal Brokerage Services
Navy Federal Brokerage Services allows members to open various brokerage and investing accounts digitally. There are no fees to open a brokerage account, maintain an account, or maintain a minimum balance. This makes Navy Federal’s offerings highly competitive.
Commission fees and transaction costs for trades
Navy Federal offers $0 stock and ETF trades for brokerage account holders. There are also no fees charged for mutual fund transactions. These direct transaction costs are very favorable compared to other discount brokers.
Navy Federal offers very competitive pricing and minimal fees for those wishing to do digital investing through their brokerage platform. With no account opening, account maintenance, balance fees or commissions there are limited barriers to getting started.