Certificates Overview
  • *Please see 'Details and Disclosures' below for important account information.


  • Money Market Certificates

    Money Market Certificates



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    • Dividends are compounded daily and paid monthly for maximum returns
    • High yield returns
    • Automatic renewal available
    Term Dividend Rate APY
    6 Month 0.300% 0.30%**
    1-Year 0.800% 0.80%
    2-Year 0.900% 0.90%
    3-Year 1.000% 1.00%
    4-Year 1.250% 1.26%
    5-Year 1.500% 1.51%
    7-Year 1.500% 1.51%
    • Dividend and maturity options available
    • 6 month, 1, 2, 3, 4, 5 and 7 year options available
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    Coverdell Education Savings Certificates

    Coverdell Education Savings Certificates



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    • You can choose a 1-, 2-, 3-, 4-, 5-, or 7-Year ESA Certificate
    • Savings for education expenses
    • Minimum opening deposit $500 for an Education Savings Account Certificate
    Term Dividend Rate APY
    1-Year 0.800% 0.80%
    2-Year 0.900% 0.90%
    3-Year 1.000% 1.00%
    4-Year 1.250% 1.26%
    5-Year 1.500% 1.51%
    7-Year 1.500% 1.51%
    • Tax free earnings
    • Funds can be used for qualified elementary and secondary education as well as college education
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  • Great Rates on Credit Card Balance Transfers

    For a limited time only!

     

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  • Great Auto Rates
  • PenFed Invest
  • Details and Disclosures

  • Annual Percentage Yield (APY) is accurate as of April 01, 2014 - April 30, 2014 and is subject to change at any time.
     

    We will establish your certificate on the day we receive your application and funding. Once purchased, the rate is locked in for the term of your certificate.

    **6 Month certificates earn dividends on simple interest basis. All other certificate dividends are compounded daily.

    You choose how your dividends are paid: monthly OR at maturity.

    3 payment options:

    1. Add dividends to certificate.
    2. Transfer dividends to Regular Share, checking, or MMSA (Money Market Savings Account).
    3. Have dividend sent to you in check form.


    Early Redemption Penalties

    Penalties are imposed for early withdrawal of money market share certificates. This will reduce earnings on the account. You must provide your request in writing.

    6-month Money Market Certificates

    If redeemed within 90 days of the issue date or any renewal date, all dividends will be forfeited.

    If redeemed thereafter, but before the maturity date, dividends for the most recent 90 days will be forfeited.

    Certificates having a term greater than 6 months up to and including 4 years

    If redeemed within 180 days of the issue date or any renewal date, all dividends will be forfeited

    If redeemed thereafter, but before the maturity date, dividends for the most recent 180 days will be forfeited.

    Certificates with a term of 5 years or greater;

    (applies only to certificates issued or rolled over on 3/15/11 or later)

    If redeemed within 365 days of the issue date or any renewal date, all dividends will be forfeited.

    If redeemed thereafter, but before the maturity date, dividends for the most recent 365 days will be forfeited.

  • APY (Annual Percentage Yield)  is accurate as of April 01, 2014 - April 30, 2014 and is subject to change at any time. Fees may reduce earnings. 

     

    We will establish your certificate on the day we receive your application and funding. Once purchased, the rate is locked in for the term of your certificate.

     

    Certificate dividends are compounded daily.

     

    Early Redemption Penalties 

    Penalties are imposed for early withdrawal of money market share certificates. You must provide your request in writing.

     

    Certificates having a term of 1 year up to and including 4 years 

    If redeemed within 180 days of the issue date or any renewal date, all dividends will be forfeited

    If redeemed thereafter, but before the maturity date, dividends for the most recent 180 days will be forfeited.

     

    Certificates with a term of 5 years or greater
    (applies only to certificates issued or rolled over on 3/15/11 or later)

    If redeemed within 365 days of the issue date or any renewal date, all dividends will be forfeited.

    If redeemed thereafter, but before the maturity date, dividends for the most recent 365 days will be forfeited.