open an ira premium account

IRA Premier Account


The PenFed IRA Premier Account provides a flexible, unique way to invest for your future.

WHY PENFED IRA PREMIER ACCOUNT?

PenFed recognizes that each member has unique needs, and offers an IRA account with flexibility.  Readily withdraw from your PenFed IRA Premier Account and invest in other PenFed IRA products. Make your account a Roth, SEP or Traditional IRA, and have your account your way.


DIVIDENDS

%* Annual Percentage Yield (APY)

$10,000 minimum balance to open
Consult with a tax advisor.

FEATURED BENEFITS

  • Your IRA, your choice
  • Liquid investment benefits
  • Prepare for retirement
  • High-yield returns
  • Available for Traditional, Roth and SEP IRAs

QUESTIONS?
Give us a call or visit a branch today!

CALL US: (800) 247-5626
Find a Branch »

DISCLOSURES: Print IconPrint

Annual Percentage Yield (APY) is accurate as of and is subject to change at any time. Fees may reduce earnings. Rates could change after account opening.

*Refer to a qualified tax advisor
 

IRA Premier


A $10,000 account balance must be maintained to receive this higher rate. Account balances below $10,000 earn a lower return. Call for details.


Rates could change after account opening.
 

Roth IRA


Rates could change after account opening.


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.
 

IRA Certificates


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.

 

Partial withdrawals for members over the age 59 1/2 (including Required Minimum Distributions) and qualified distributions regardless of age (including Disability) may be processed from IRA certificates without incurring an early redemption penalty.

 

Early Redemption Penalties

 

Penalties are imposed for early redemption of 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.
 

 

FEATURED BENEFITS

 

daily dividends icon

Daily Compounded 
Dividends

Your dividends will be compounded daily and paid monthly for maximum returns. 

backed by ncua icon

Savings Backed by the NCUA

Savings are federally insured to at least $250,000 and backed by the full faith and credit of the U.S. Government.

liquid investment flexibility

Liquid Investment Flexibility

Readily withdraw from your PenFed Premier Account and invest in other PenFed IRA products.

traditional, roth or SEP available

Available Three Ways

Choose from a Traditional, Roth or SEP IRA for maximum benefits. Decide when to pay taxes and how much to put away, depending on the plan you choose.

How To Open

PenFed Members:

1. Download and Print Forms (PDF)

2. Complete Your Application

3. Return Application to PenFed

 

Download Forms

Not A Member Yet? 

Becoming a member is simple

(and no military affiliation is required).


 

Join PenFed    Learn More

FAX FORM TO:

fax form to us

1-800-278-2212  

or  

1-800-557-7328

MAIL FORM TO:

email us

Attention: IRA Department

PO Box 68124-7009

Omaha, NE 68164

CALL MEMBER SERVICES:

call member services

1-800-247-5626

 

 

NCUA BACKED

Savings federally insured to $250,000 and backed by the full faith and credit of the United States Government: Please visit the National Credit Union Administration’s (NCUA) Share Insurance Estimator to compute the amount of NCUA coverage available under different account scenarios.

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