Earn the national average
with a Premium Online Savings Account

There is an incoming transfer limit of $50,000 per day for transfers you initiate at PenFed. For outgoing transfers, there is a limit of $25,000 per day for transfers you initiate at PenFed.

If you would like to deposit more funds into your account please contact your other institution and send us a Wire or initiate a transfer at your other institution.

To withdraw more funds please initiate a transfer at your other institution, or call us to send a Wire.

Generally, when you request an electronic transfer or make a check deposit, your funds will be available for withdrawal on the 5th business day after you initiate your transaction at PenFed. If you internally transfer funds from another PenFed account, your funds will be available for withdrawal on the 5th business day after you initiate your transaction at PenFed.

You will start to earn dividends on the business day you initiate your deposit or transfer at PenFed.

Business Days are Monday through Friday excluding standard holidays observed by the Federal Reserve System.

You will start to earn dividends on the business day you initiate your deposit at PenFed.

Dividends are compounded monthly and credited to your account monthly. 

If you choose to link your PenFed Premium Online Savings account to an external bank account using account and routing numbers, we may use trial deposits to verify your access to that account.

Here’s how it works:

• We’ll make two small deposits into your external bank account (such as $0.01 and $0.06).
• Don’t worry about missing the deposits—we’ll send you a reminder email.
• Check your external account to verify the deposits are there. You’ll see them as credits.
• Log in to PenFed.org and enter the deposit amounts from your external bank account.
• Your external account will be linked and you will be able to transfer funds between your linked account and your PenFed accounts.

Make your check out to yourself or PenFed Credit Union and mail the check with your voucher to:

• 1.  Print your deposit/payment voucher (Form 451W.pdf)
• 2.  Complete all required fields in Section 1 and 2.  Enter your Premium Online Savings account number in Section 3
• 3.  Make your check out to yourself or PenFed Credit Union and Mail the check with your voucher to:
• • PenFed Credit Union
  • Box 247009
  • Omaha, NE 68124-7009

Your Premium Online Savings Account is not accessible from an ATM.  To access your savings from an ATM open a Regular Savings Account or a Money Market Savings Account.