Money Market Savings

To become a member and apply, follow these steps:

1. Apply for membership

2. Open a savings/share account with only $5

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Money Market Savings

Your savings have the power to do more. Whether you’re preparing to buy your dream home or building your emergency fund, you can gain higher dividends for balances over $10,000. When it comes to building your financial future, a PenFed savings account is key.


To become a member and apply, follow these steps:

1. Apply for membership

2. Open a savings/share account with only $5


Get a savings account that gives back to you. Membership not only establishes you as a part-owner of PenFed, but also gives you a chance to earn more with our money market savings account. Open an account with a minimum of $25. Get higher dividends for higher balances ranging from to or more.


Annual Percentage Yield (APY)

Earn dividends on all account balances less than 

Annual Percentage Yield (APY)

Earn dividends on all account balances from 

Annual Percentage Yield (APY)

Earn dividends on all account balances more than 

Features & Benefits

  • High yields on balances of $10,000 and above
  • Government backed insurance
  • No monthly service fee
  • Free checks upon request
  • Access funds online


Give us a call or visit a branch today!

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

DISCLOSURES: Print Icon Printable Version

APY = Annual Percentage Yield. APY is accurate as of 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.




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No Monthly Service Fee

You shouldn’t have to pay fees to save. PenFed wants you to build your savings. We put money back in your pocket by paying you higher dividends and minimizing associated costs.


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Free Checks Upon Request

We know there’ll come a time to use your savings. Use your money when you need it with ease and without cost.


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Online Fund Access

For faster, simpler access to your savings, you can get to your account from our website or mobile app.

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Savings Backed by the NCUA

What is PenFed without security? Savings are federally insured up to $250,000 and backed by the full faith and credit of the U.S. Government.


Additional Benefits

Safety and Security

PenFed knows defense. Our first duty always is to protect our members.


Easy to Enroll

Just $5 is all it takes to start building your savings and your future.

Excellent Service

PenFed was founded for our defense community and those that support them, so we know a thing or two about service.

Chalmer Barker

Boise, ID

You're doing a good job. The vast majority of web sites are more difficult to navigate and use - some are impossible. Your web site, and the process, are very user friendly.

Ready To Take The Next Step?

Dennis Willis

Wahiawa, HI

Customer services was excellent...and I deserve the best service.

Ready To Take The Next Step?

George Ross


I have been with Penfed for over 30 years and they continue to provide outstanding a timely service. Very customer facing!

Ready To Take The Next Step?

Jennifer Olschefski


The membership process was done quickly, and was very easy to complete. Thank you for a wonderful experience, and I would highly recommend to family and friends.

Ready To Take The Next Step?
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