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Money Market Certificates
Save more. Save better.
APY AS HIGH AS ![]( "MM Cert Yr7 APY")
%
| 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 "Details and Disclosures' below for important account information.
Calculate Dividends: Earned Dividend Calculator
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FEATURED BENEFITS
- Invest as little as $1,000
- Backed by NCUA insurance
- At any time, choose to renew or close at maturity
Certificate or CD, so they function the same?
Yes. Banks use the term Certificate of Deposit (CD) while Credit Unions use Certificate. Both function in the same manner.
Disclosures
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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You choose how your dividends are withdrawn: monthly OR at maturity.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:
- Add dividends to certificate.
- Transfer dividends to Regular Share, checking, or MMSA (Money Market Savings Account).
- 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 For all certificates funded by ACH, funds cannot be withdrawn within the first 60 days of the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
FEATURED BENEFITS
SEE YOUR EARNED DIVIDENDS
MONEY MARKET CERTIFICATE CALCULATOR
DIVIDENDS EARNED
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Rates Effective:
Take Control of Your Options
At any time before your certificate matures, you can tell us whether you’d like to renew it or close it at maturity.
ADDITIONAL BENEFITS
Excellent Service
PenFed was founded for our defense community. We understand and appreciate service, and it’s an honor to serve our members.
Safety & Security
PenFed knows defense. Our first duty always is to protect our members.
Easy to Enroll
Just $1,000 is all it takes to start building your savings and your future.
Wide Selection of Terms
Certificate terms range from 6 months to 7 years so you can save for your own timeline.
Low Minimum Deposit
Start saving with balances as low as $1,000. With a PenFed Money Market Certificate, you can start small and earn more.
Backed by the NCUA
Savings are federally insured up to $250,000 and backed by the full faith and credit of the U.S. Government.
Daily Dividends
Your dividends will be compounded daily and paid monthly for maximum returns.