Money Market Certificates

Key Features

Why settle for average returns when you can have stability, security and fantastic returns on your savings with a PenFed Money Market Certificate.

TermDividend RateAPY
6 Month0.85%0.85%**
1 Year1.30%1.31%
15 Month1.40%1.41%
2 Year1.50%1.51%
3 Year1.75%1.76%
4 Year1.80%1.81%
5 Year2.10%2.12%
7 Year2.15%2.17%


*$1,000 minimum amount to open. A penalty will be imposed for early withdrawal. This will reduce earnings on the account. Please see 'Details and Disclosures' below for important account information. 


  • Dividends are compounded daily and paid monthly for maximum returns
  • Automatic renewal available
  • Dividend and maturity options available
  • High yield returns
  • Government backed insurance
  • Savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government:  

Not yet a PenFed member? Join now to apply.

Details and Disclosures

Money Market Certificates 

Annual Percentage Yield (APY) is accurate as of June 1, 2017 - June 30, 2017 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 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. For all certificates funded by ACH, funds cannot be withdrawn within the first 60 days of the account opening.