Justice Federal Credit Union Reviews: Checking, Savings, CD, Money Market and IRA Accounts

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Updated on Sunday, November 1, 2020

Justice Federal Credit Union’s checking account options

Justice National Checking

Justice National Checking
APYMinimum Balance to Earn APY
0.05%
$2,500
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: $8 if your balance falls below $2,500
  • ATM fee: $0.50 for all out-of-network ATM inquiries; $2 for all out-of-network ATM withdrawals. If you have $5,000-$9,999 in deposit accounts with Justice Federal Credit Union, you will get 3 free inquiries and 3 free withdrawals per month. If you have $10,000+ in deposit accounts with the credit union, you will get 8 free inquiries and 8 free withdrawals per month.
  • ATM fee refund: Up to $6 per month
  • Overdraft fee: $30

This account offers an extremely low APY and a high minimum balance requirement for a checking account. However, having this account does qualify you for a ten basis point increase on any certificates you may have with Justice Federal Credit Union. It also qualifies you for a twenty-five basis point decrease on Justice Federal Credit Union mortgages if you have direct deposit set up.

In addition, the purchases you make with your debit card will earn you Exceptional Rewards, which are redeemable for travel and name-brand merchandise.

How to get Justice Federal Credit Union’s Justice National Checking

While you can open this account by visiting a branch or over the phone, the quickest way for your application to be processed is online. Be prepared to provide identifying personal information on your application.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

Beyond the Badge Checking

A low-yield checking account with extra rewards points for those ages 55 or older.
APYMinimum Balance to Earn APY
0.05%
$2,500
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: $8 if your balance falls below $2,500
  • ATM fee: $0.50 for all out-of-network ATM inquiries; $2 for all out-of-network ATM withdrawals. If you have $5,000-$9,999 in deposit accounts with Justice Federal Credit Union, you will get 3 free inquiries and 3 free withdrawals per month. If you have $10,000+ in deposit accounts with the credit union, you will get 8 free inquiries and 8 free withdrawals per month.
  • ATM fee refund: All fees refunded to you at month’s end.
  • Overdraft fee: $30

Beyond the Badge Checking is very similar to Justice National Checking in terms of APY, maintenance fees and minimum deposits. It has the same perks in terms of mortgage and certificate interest rates — but it is different in a few key areas.

First, it is only available to those ages 55 and up. In addition, your ATM fees from outside ATM owners are refundable without a cap, unlike the $6 limit imposed on Justice National Checking accounts. Finally, you’ll not only be able to earn Exceptional Rewards, but you’ll get a kickstart by earning 5,000 points just for opening your Beyond the Badge Account.

How to get Justice Federal Credit Union’s Beyond the Badge Checking

You can open this account online, over the phone or in person. Be prepared with your personal identifying information.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

Freedom Checking

No monthly maintenance fee — or dividends.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: $0.50 for all out-of-network ATM inquiries; $2 for all out-of-network ATM withdrawals. If you have $5,000-$9,999 in deposit accounts with Justice Federal Credit Union, you will get 3 free inquiries and 3 free withdrawals per month. If you have $10,000+ in deposit accounts with the credit union, you will get 8 free inquiries and 8 free withdrawals per month.
  • ATM fee refund: None
  • Overdraft fee: $30

While it is nice to have a checking account without a monthly maintenance fee, other financial institutions offer this same perk while actually paying dividends or interest. The difference is small when you compare it to the dividends offered on the last two checking accounts, but that loss is much larger when you consider other offers on the market. In addition, unlike Justice National and Beyond the Badge Checking, you will not be refunded any ATM fees for this account.

How to get Justice Federal Credit Union’s Freedom Checking

The quickest way to open this account is online. However, you can also open it over the phone or in person. Whichever path you choose, you will need to be prepared to provide personal identifying information.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

Student Rewards Checking Account

Low-fee checking for college students.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: $0.50 for all out-of-network ATM inquiries; $2 for all out-of-network ATM withdrawals. If you have $5,000-$9,999 in deposit accounts with Justice Federal Credit Union, you will get 3 free inquiries and 3 free withdrawals per month. If you have $10,000+ in deposit accounts with the credit union, you will get 8 free inquiries and 8 free withdrawals per month.
  • ATM fee refund: None
  • Overdraft fee: You will be charged $30, though you will also receive a $25 credit; this makes the effective overdraft fee $5.

College students can open this checking account with no monthly maintenance fees. You won’t earn any dividends, but you will be able to rack up Exceptional Rewards, which you can redeem for a flight home or some branded merch.

How to get Justice Federal Credit Union’s Student Rewards Checking Account

To open this account, you will need to prepare your personal information to apply via phone or in person.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

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How Justice Federal Credit Union’s checking accounts compare

Justice Federal Credit Union’s checking accounts don’t stack up against the best checking accounts found here. The dividends offered are simply too low — or nonexistent. If you’re considering taking out a mortgage with the credit union, it may be advantageous to open a Justice National or Beyond the Badge Checking account for the basis point reduction, but otherwise you’re better off shopping around.

Justice Federal Credit Union’s savings account options

Share Savings Account

This account is necessary to establish your credit union membership.
APYMinimum Balance to Earn APY
0.05%
$300
0.05%
$2,500
0.10%
$20,000
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: Varies depending on desired APY
  • Monthly account maintenance fee: None
  • ATM fee: $0.50 for all out-of-network ATM inquiries; $2 for all out-of-network ATM withdrawals. If you have $5,000-$9,999 in deposit accounts with Justice Federal Credit Union, you will get 3 free inquiries and 3 free withdrawals per month. If you have $10,000+ in deposit accounts with the credit union, you will get 8 free inquiries and 8 free withdrawals per month.
  • ATM fee refund: None
  • Overdraft fee: $30

Share Savings does pay dividends, though they are nominal for what you’d expect out of a checking account. The real reason to open this account is because doing so is mandatory to establish your credit union membership.

Because savings accounts must conform to federal Regulation D, you are allowed to make up to six certain withdrawals per month. If you go over the mandated amount, you will be charged a $5 fee for your first offense by the credit union; if there are others, your account could get shut down.

How to get Justice National Credit Union’s Share Savings Account

You can open this account online, over the phone or in person. Be ready to provide personal identifying information.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

Savers Club

Choose your own maturity date for this club account.
APYMinimum Balance to Earn APY
0.05%
$5
0.05%
$2,500
0.10%
$20,000
  • Minimum opening deposit: None
  • Minimum balance to earn APY: $5
  • Monthly account maintenance fee: None
  • ATM fee: $0.50 for all out-of-network ATM inquiries; $2 for all out-of-network ATM withdrawals. If you have $5,000-$9,999 in deposit accounts with Justice Federal Credit Union, you will get 3 free inquiries and 3 free withdrawals per month. If you have $10,000+ in deposit accounts with the credit union, you will get 8 free inquiries and 8 free withdrawals per month.
  • ATM fee refund: None
  • Overdraft fee: $30

You may have heard of club accounts in the context of “Holiday Club Accounts”, or “Vacation Club Accounts.” Justice Federal Credit Union’s Savers Club account is the same vein, except the Savers Club lets pick your own maturity date.

For example, maybe you’re saving for a big anniversary trip in March. You want a separate account so the travel money won’t get mixed up with your regular savings. You deposit a set amount into your Savers Club account, and set the maturity date for the end of February. When the maturity date comes, your money will be automatically transferred to whichever account you’d like.

There is incentive to keep your money in there. Aside from Regulation D, there is also a $10 early withdrawal fee should you take money out before the maturity date.

How to get Justice Federal Credit Union’s Savers Club Account

Open this account online, in person or over the phone by providing some of your personal identifying information.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

Young Savers Account

A savings account for children under the age of 18 with lower minimum balance requirements.
APYMinimum Balance to Earn APY
0.15%
$5
0.15%
$2,500
0.20%
$20,000
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: $5
  • Monthly account maintenance fee: None
  • ATM fee: $0.50 for all out-of-network ATM inquiries; $2 for all out-of-network ATM withdrawals. If you have $5,000-$9,999 in deposit accounts with Justice Federal Credit Union, you will get 3 free inquiries and 3 free withdrawals per month. If you have $10,000+ in deposit accounts with the credit union, you will get 8 free inquiries and 8 free withdrawals per month.
  • ATM fee refund: None
  • Overdraft fee: $30

This savings account is especially for children under 18. The interest rates offered are higher than that of any of Justice Federal Credit Union’s other savings accounts, but they’re still low compared to other financial institutions. A big positive of this account compared to others from this credit union is that the amount you need in order to earn interest at all is comparatively very low.

How to get Justice Federal Credit Union’s YouthSaver Account

You will need to open this account with personal identifying information over the phone or in person.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

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How Justice Federal Credit Union’s savings accounts compare

Justice Federal Credit Union’s rates on savings accounts are extremely low — especially when you compare them to those offered by online-only banks. These online-only banks don’t have as many overhead costs because they don’t have to maintain physical branches. They then pass on that savings in the form of higher interest rates on deposit accounts — most notably savings accounts. Rates at these top online banks are as high as more than 12 times than those offered by Justice Federal Credit Union.

Justice Federal Credit Union’s CD rates

Share Certificates

This is where rates start getting competitive.
TermAPY
3 Months0.30%
6 Months0.45%
12 Months0.50%
18 Months0.55%
24 Months0.68%
36 Months0.78%
48 Months0.78%
60 Months0.92%
  • Minimum opening deposit: $500
  • Minimum balance amount to earn APY: $500
  • Early withdrawal penalty: Certificates with terms of up to twelve months will incur an early withdrawal penalty equal to 90 days’ worth of interest; certificates with terms of thirteen months or more will pay 180 days’ worth of interest.

While Justice Federal Credit Union’s Share Certificates don’t offer the highest rates on the market, these rates are far more competitive than those found in their savings and checking accounts. If there is any area where the credit union is focusing on rates, this is it.

Justice Federal Credit Union advertises the rates offered to Justice National and Beyond the Badge Checking accounts. That means if you don’t have one of those checking accounts, the rates you see above would actually be 10 basis points lower. For example, if the advertised rate were 2.50% and you don’t have one of the two checking accounts which offer the point bump, you’d be earning 2.40% APY instead.

How to get Justice Federal Credit Union’s Share Certificate

You can open your certificate online, over the phone or in by filling out an application, which will require some of your personal identifying information.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

Jumbo Share Certificates

Higher rates for higher deposits.
TermAPY
3 Months0.40%
6 Months0.55%
12 Months0.60%
18 Months0.65%
24 Months0.78%
36 Months0.88%
48 Months0.88%
60 Months1.02%
  • Minimum opening deposit: $100,000
  • Minimum balance amount to earn APY: $100,000
  • Early withdrawal penalty: Certificates with terms of up to twelve months will incur an early withdrawal penalty equal to 90 days’ worth of interest; certificates with terms of thirteen months or more will pay 180 days’ worth of interest.

With the Jumbo Certificate, you’ll find rates that are highly competitive. The only potential speed bump is that you’ll have to have a large deposit in order to secure these rates.

Jumbo Certificates also qualify for the ten basis point increase, which means that the rates you see here will only apply if you have a Justice National or Beyond the Badge Checking account — otherwise, they’ll be 0.10% lower.

How to get Justice Federal Credit Union’s CDs

You can open this account online, in person or over the phone by providing personal identifying information on your application.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

Grow With Me Account

A unique certificate product with great rates.
TermAPY
First 12 Months4.47%
Every Month after first 12 Months2.78%
  • Minimum opening deposit: $500
  • Minimum balance amount to earn APY: $500
  • Early withdrawal penalty: All dividends will be withheld.

The Grow With Me Account is a unique certificate product. You can open one for your child before they are 18, and your money will earn an extremely high interest rate for the first twelve months. After that, the rate will be lower, but still incredibly competitive.

The term of this certificate is until your child’s 18th birthday. If you make any withdrawals before that point, the entire account will be shut down. You can contribute $1,000 maximum to this account per year, and the maximum balance you can have at any given time is $10,000.

The Grow With Me Account does not qualify for the dividend boost that the Share and Jumbo Share certificates qualify for — that means the rates you see on the table are the rates you’ll get regardless of which checking account you do or don’t have.

How to get Justice Federal Credit Union’s CDs

To open this certificate, you will have to call or visit your local branch, providing personal identifying information as necessary.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

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How Justice Federal Credit Union’s CD rates compare

Certificates are far and away Justice Federal Credit Union’s most competitive product. Share and Jumbo Share Certificates offer rates that should keep their competition on their toes, and the Grow With Me Account blows most other certificates out of the water.

That said, it’s a tight battle at the top. It’s always a good idea to shop around, especially on Share and Jumbo Share Certificates as the rates are competitive, but not the definitive best. Check out these top CD products to see what the competition is offering.

Justice Federal Credit Union’s money market account options

Money Market Account

Extremely low rates on what should be a high-yielding product.
APYMinimum Balance to Earn APY
0.15%
$2,500
0.15%
$10,000
0.20%
$25,000
0.25%
$50,000
0.35%
$100,000
  • Minimum opening deposit: $25
  • Minimum balance to earn APY: Varies depending on desired APY
  • Monthly account maintenance fee: None
  • ATM fee: $0.50 for all out-of-network ATM inquiries; $2 for all out-of-network ATM withdrawals. If you have $5,000-$9,999 in deposit accounts with Justice Federal Credit Union, you will get 3 free inquiries and 3 free withdrawals per month. If you have $10,000+ in deposit accounts with the credit union, you will get 8 free inquiries and 8 free withdrawals per month.
  • ATM fee refund: None

Justice Federal Credit Union’s dividend rates on money market accounts is extremely low. You can find far superior rates elsewhere on the market. If you’re going to stash away serious amounts of cash in this type of account, you’ll want to make sure it’s giving you the best return possible.

Money market accounts fall under the same federal regulations as savings accounts, which means you are allowed to make up to six certain withdrawals in any given statement cycle. If you make any more than that, you will be charged a $5 fee the first time. Each subsequent time you risk getting your account shut down.

How to get Justice Federal Credit Union’s Money Market Account

You can open this account online, in person or over the phone. If you do decide to open a Money Market Account with Justice Federal Credit Union, be prepared to provide personal identifying information as a part of the application process.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

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How Justice Federal Credit Union’s money market accounts compare

If you want to open a money market account, you’ll likely be better off doing it somewhere else. The APY on Justice Federal Credit Union’s offering is miniscule, and there are plenty of other financial institutions out there offering fantastic rates.

Justice Federal Credit Union’s IRA account options

IRA Share Certificates

The same rates that you’ll find outside an IRA— which isn’t a positive thing.
TermAPY
3 Months0.30%
6 Months0.45%
12 Months0.50%
18 Months0.55%
24 Months0.68%
36 Months0.78%
48 Months0.78%
60 Months0.92%
  • Minimum opening deposit: $500
  • Minimum balance amount to earn APY: $500
  • Early withdrawal penalty: Certificates with terms of up to twelve months will incur an early withdrawal penalty equal to 90 days’ worth of interest; certificates with terms of thirteen months or more will pay 180 days’ worth of interest.

Some financial institutions offer higher APYs on certificates when they’re held with an IRA — Justice Federal Credit Union is not one of them. While these rates are fairly competitive outside of an IRA, within an IRA they start slipping. However, it depends on the term you’re considering. At time of writing, Justice Federal Credit Union does have the highest rate available on 60-month terms, but it’s tens of basis points off on 48- and 36-month terms.

Because a certificate is already a conservative investment within a retirement account, you may want to comparison shop to make sure you’re getting the best rate available.

How to get Justice Federal Credit Union’s IRA Share Certificates

To open any type of IRA account with Justice Federal Credit Union, you will need to apply in person or via mail. If you’d rather not go into a branch, you can call to request that the paperwork be sent to you.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

Jumbo IRA Share Certificates

Competitive APY on five-year terms only.
TermAPY
3 Months0.40%
6 Months0.55%
12 Months0.60%
18 Months0.65%
24 Months0.78%
36 Months0.88%
48 Months0.88%
60 Months1.02%
  • Minimum opening deposit: $100,000
  • Minimum balance amount to earn APY: $100,000
  • Early withdrawal penalty: Certificates with terms of up to twelve months will incur an early withdrawal penalty equal to 90 days’ worth of interest; certificates with terms of thirteen months or more will pay 180 days’ worth of interest.

Jumbo IRA Share Certificates have pretty much the same problem as regular IRA Share Certificates. When they’re outside of an IRA, the rates are great, but within an IRA, the only term that bears a great APY compared to the competition is the 60-month term. All other terms fall short. On top of lower rates, other financial institutions also offer these IRA certificates with much lower minimum opening deposits.

How to get Justice Federal Credit Union’s Jumbo IRA Share Certificates

To open a Jumbo IRA Share Certificate, you will need to apply in person or call to request the proper paperwork by mail.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

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How Justice Federal Credit Union’s IRA CD rates compare

For 60-month terms, Justice Federal Credit Union currently offers the best rates around. However, for all other terms, the offered APY falls short. Be sure to suss out your options by considering these competitors with high rate IRA CDs. The competition at this level is stiff.

IRA Share Account

Extremely low dividends on an already conservative investment.
APYMinimum Balance to Earn APY
0.20%
$5
  • Minimum opening deposit: None
  • Minimum balance to earn APY: $5
  • Monthly account maintenance fee: None

While it’s nice that this account has no set minimum opening deposit, no monthly maintenance fee and a low minimum required balance, it also pays out very little interest. A savings account within an IRA is just about the most conservative investment you could make. You don’t want to stunt the growth of your money by putting it in a savings account that earns next to nothing.

How to get Justice Federal Credit Union’s IRA Share Account

If you decide to open this account, you will need to request paperwork by mail or visit your local branch in person.

SEE DETAILS Secured

on Justice Federal Credit Union’s secure website

NCUA Insured

Overall review of Justice Federal Credit Union’s banking products

If you are going to bank with Justice Federal Credit Union, you’ll find certificates outside of an IRA to be the most competitive. When they’re within an IRA, the 60-month term will be one of the most competitive offers around, but the same is not true with shorter terms on certificates inside a retirement account. You may want to open a Justice National or Beyond the Badge Checking account to take advantage of the rate bump that comes along with them.

Beyond that, you’ll want to look elsewhere for your deposit account needs. With the exception of certificates, Justice Federal Credit Union’s rates are simply too low to be competitive.