Roth IRA

Key Features

Share Account Rate: 0.05% APY

IRA Certificate Rates

TermDividend RateAPY
  • Minimum opening deposit of $25 for Roth IRA Share Account
  • Minimum opening deposit of $1,000 for Roth IRA Certificate
  • Can make contributions after the age of 70 1/2

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


  • Eligible withdrawals are tax-free
  • Dividends grow tax free
  • Can convert a Traditional IRA to a Roth but certain rules may apply
  • Not required to take a distribution after the age of 70 ½
  • Savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government:  

Keep in Mind: Contributions to a Roth IRA are not tax deductible. Consult with a tax advisor.

Not yet a PenFed member? Join now to apply.

Home Equity Loans

Details and Disclosures

<p>Annual Percentage Yield (APY)&#160;is accurate as of <img style="vertical-align: middle;" title="ratemonththru" src="/handlers/RatesTokenHandler.ashx?title=ratemonththru&amp;bg=004B8D&amp;fg=FFFFFF&amp;fs=10&amp;b=false&amp;f=Arial" />&#160;and&#160;is subject to change at any time. Fees may reduce earnings.</p>

<p>To take a qualified distribution, and avoid any tax liabilities, you must wait until after the five-taxable-year period beginning with the taxable year in which you first contributed to a Roth IRA.</p>

Annual Percentage Yield (APY) is accurate as of November 1, 2015 - November 30, 2015 and is subject to change at any time. Fees may reduce earnings.

Rates are subject to change monthly and are fixed for the term of the certificate. Certificates dividends compound daily. The minimum balance to open a certificate is $1,000.


Early Redemption Penalties 

*Penalties are imposed for early withdrawal of IRA 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.