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


  • Regular Savings Account

    Regular Savings Account



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    • Establishes your PenFed membership
    • Dividends credited and compounded monthly
     0.05% APY 
    • Easily transfer funds to your accounts
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    Money Market Savings Account

    Money Market Savings Account



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    • High yields on balances of $100,000 and above
    • Government backed insurance
    • No regular service fees
    • Free checks upon request
    Balance Amount Dividend Rate APY
    $100,000 + 0.15% 0.15%
    $50,000 to $99,999 0.10% 0.10%
    $10,000 to $49,999 0.10% 0.10%
    Under $10,000 0.05% 0.05%
    • 4 tiers and rates available depending on balance amount
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  • Details and Disclosures

  • 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.

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

    There is no limit to the number of Pentagon Federal or foreign ATM withdrawals you make with our MMSA. However, government regulations restrict other types of withdrawals from your Pentagon Federal MMSA account up to six times per monthly dividend cycle. Checks are counted by the date they are paid from your account (as shown on your statement), not by the date you write them. If you exceed the permitted number of withdrawals, a fee will be assessed which may affect your earnings. Account transfers and automatic transfers are also included as part of your six withdrawals per monthly dividend cycle.