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VIENNA, VA (March 27, 2025) – Navy Federal Credit Union has been named a Best Bank for Small Businesses by MONEY.com, a leading financial publication. The credit union was recognized in the category of “best rates.”

In announcing the award, MONEY.com emphasized Navy Federal’s great rates and debit card perks. Business members, it noted, have the option to open checking accounts with no fees, which even earn dividends, and debit cards like GO BIZ®, which offers a zero Liability policy for confirmed unauthorized transactions. 

In addition to a suite of business products and services, business members enjoy access to small business professionals, an education center and resources for Veteran business owners.

“We are honored to be recognized as one of the nation’s top financial institutions for small business owners,” said Will Scott, Vice President of Navy Federal’s Business Solutions, which has served business members for more than 20 years. “We offer best-in-class banking products and unparalleled personal service to Veteran business owners and other members of the military community. Our members are the mission, and it shows.”

To arrive at its list of best banks, MONEY.com analyzed hundreds of the largest retail and online banks, regional and state banks, and credit unions. Researchers assessed dozens of data points, such as account options, minimum balance requirements, fees, annual percentage yield (APY) rates, perks, and branch and ATM access. They prioritized banks with no-fee business checking options and those that offer members robust mobile apps. 

MONEY.com, which has been in business for more than a half century, employs a team of journalists and researchers, many of whom have decades of experience. It has recognized Navy Federal in the past in categories including Best Banks in America, Best Bank and Credit Unions for Military Members and Best VA Loan Lenders. 

Navy Federal Credit Union: Established in 1933 with only 7 members, Navy Federal now has the distinct honor of serving more than 14 million members globally and is the world’s largest credit union. As a member-owned and not-for-profit organization, Navy Federal always puts the financial needs of its members first. Membership is open to all Department of Defense and Coast Guard Active Duty, Veterans, civilian and contractor personnel, and their families. Navy Federal employs a workforce of 25,000 and has a global network of more than 365 branches. For more information about Navy Federal Credit Union, visit navyfederal.org. This credit union is federally insured by the National Credit Union Administration. Equal Opportunity Employer. Equal Housing Lender.