PENFED CERTIFICATES

SECURITY LIKE A SAVINGS ACCOUNT WITH APY'S AS HIGH AS %

Money Market Certificates

Money Market Certificates

You know that money you've been putting aside for a rainy day? It can do more. Save more. Save better.

OPEN NOW

Open a Certificate and set up your PenFed membership.


1. Discover how you’re eligible to become a PenFed member

2. Open a Savings Account and deposit at least $5

APY AS HIGH AS %

TERM DIVIDEND RATES APY
6 Month % %**
12 Month % %
15 Month % %
18 Month % %
2 Year % %
3 Year % %
4 Year % %
5 Year % %
7 Year % %

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

Why Money Market Certificates?

  • Invest as little as $1,000
  • Backed by NCUA insurance
  • Dividends compounded daily and paid monthly
  • At any time, choose to renew or close at maturity

More Reasons To Save Better With Money Market Certificates

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Money Market Certificate Disclosure: Print IconPrint Disclosure

Money Market Certificates

Annual Percentage Yield (APY) is accurate as of 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You choose how your dividends are withdrawn: monthly OR at maturity.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 For all certificates funded by ACH, funds cannot be withdrawn within the first 60 days of the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

Coverdell Education Savings Certificates

Coverdell Education Savings Certificates

A Coverdell Education Savings Certificate allows you to save for education expenses tax free. This is a low-risk way to put your money to work and build a life for your loved ones.

OPEN NOW

Open a Certificate and set up your PenFed membership.


1. Discover how you’re eligible to become a PenFed member

2. Open a Savings Account and deposit at least $5

APY AS HIGH AS %

TERM DIVIDEND RATES APY
1 Year % %
2 Year
% %
3 Year
% %
4 Year
% %
5 Year
% %
7 Year
% %

$500 minimum amount to open. A penalty will be imposed for early withdrawal. This will reduce earnings on the account. Please see ‘Disclosures’ below for important account information.

Why Coverdell Education Certificates?

  • Invest as little as $500
  • Tax-free earnings*
  • Tailored for education - elementary, secondary, and college expenses
  • Backed by NCUA insurance

Additional information about Coverdell Savings Certificates

I Want To Save

Coverdell Savings Disclosure: Print IconPrint

Coverdell Education Savings

APY (Annual Percentage Yield)  is accurate as of 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.

For all certificates funded by ACH, funds cannot be withdrawn within the first 60 days of the account opening.

 

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.

*Please consult your tax advisor

 

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