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 0.60% 0.60%**
    1-Year 1.20% 1.21%
    2-Year 1.40% 1.41%
    3-Year 1.40% 1.41%
    4-Year 1.40% 1.41%
    5-Year 1.50% 1.51%
    7-Year 1.50% 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 1.15% 1.16%
    2-Year 1.35% 1.36%
    3-Year 1.35% 1.36%
    4-Year 1.35% 1.36%
    5-Year 1.45% 1.46%
    7-Year 1.45% 1.46%
    • 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

  • Money Market Certificates 

    Annual Percentage Yield (APY) is accurate as of September 1, 2015 - September 30, 2015 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 Coverdell Education share certificates. This will reduce earnings on the account. You must provide your request in writing.

    Please refer to the Money Market Certificate Application for further details.

  • Coverdell Education Savings 

    APY (Annual Percentage Yield)  is accurate as of September 1, 2015 - September 30, 2015 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 and credited monthly.

     

    Early Redemption Penalties 

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

     

    If the certificate is redeemed within the first year, all dividends will be forfeited.

     

    If after the first year, but prior to the maturity date, the early withdrawal penalty will equal 30% of what would have been earned if the certificate had been held to maturity, not to exceed total dividends earned.