FAQ
AMAC PREMIUM ONLINE SAVINGS
Earn % APY* on your savings
Apply online or call 855-278-1157 to speak to a member service representative to earn over 1 the national average.
*Annual Percentage Yield
Gather your information: You will need your social security number to open an account.
Open your account: Click “Open Now” below or call 855-278-1157 to get started.
Fund your account: Enter your account and routing numbers for your account at another financial institution to fund your new PenFed account.
Data sourced directly from each lender listed: navyfederal.org, usaa.com, bankofamerica.com, and wellsfargo.com, and is current as of September 1, 2021.
*APY (Annual Percentage Yield) is accurate as of August 1, 2021 and is subject to change at any time. Fees may reduce earnings.
Premium Online Savings account holders must agree to electronic delivery of account opening disclosures and monthly statements. Government regulations restrict certain types of withdrawals from your Pentagon Federal Savings Account up to six times per monthly dividend cycle. Effective April 24, 2020, the Federal Reserve Board announced an interim final rule to amend this regulation and allow consumers to make unlimited withdrawals from savings accounts. In accordance with this interim final rule, we have temporarily suspended restrictions on the number and types of withdrawals processed from your Premium Online Savings accounts that you can make per monthly dividend cycle.
1The rate for our Premium Online Savings Account is over 7x the national average of 0.06% APY, based on the national average of savings accounts rates published in the FDIC Weekly National Rates and Rate Caps accurate as of August 1, 2021.
**Data sourced directly from each lender listed: navyfederal.org, usaa.com, bankofamerica.com, and wellsfargo.com, and is current as of .