Get ahead of the curve with new Certificate rates

  • % APY* for 3 years
  • % APY* for 2 years
  • % APY* for 18 Months

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*Annual Percentage Yield

Find the right term that fits your goal!


6 Month %**
12 Month %
15 Month %
18 Month %
2 Year %
3 Year %
4 Year %
5 Year %
7 Year %

*Annual Percentage Yield

$ 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.

Certificates that let you save and earn more.

Guaranteed Returns

Always know what to expect from your hard-earned savings by locking in a great rate.

Safety and Security

Rest easy knowing your money is working for you, all while being federally insured by NCUA.


Change your maturity option at any time prior to the end of the term.

What’s the difference between a Certificate and a Certificate of Deposit (CD)?


Both types of accounts work the same way providing a fixed return when funds are invested for a specified amount of time. The difference is that credit unions call the account a Certificate and banks call the account a Certificate of Deposit (CD).

Money Market Certificate Calculator


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Rates Effective:



What is a Money Market Certificate?

What is the minimum deposit needed to open a Money Market Certificate?

What are the available terms for Money Market Certificates?

What are my options after my Money Market Certificate matures?

When will dividends post to my Money Market Certificates?

What penalties apply for early withdrawal prior to maturity?

Why choose PenFed?


Money Market Certificates

Annual Percentage Yield (APY) is accurate as of August 19, 2021 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You choose how your dividends are withdrawn: monthly OR at maturity.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.

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