open a regular savings account

Regular Savings


To save is to build. With a PenFed Regular Savings Account, you establish your part ownership in PenFed, shaping our future alongside your own.

OPEN NOW

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

WHY PENFED REGULAR SAVINGS?

As a member-owned nonprofit, our growth is tied directly to yours. That’s why PenFed wants to ensure our members receive superior service and savings. The Regular Savings Account is a simple, straightforward savings account with a competitive APY and a great way to establish ownership. A $5 deposit is all it takes to become a PenFed member. Let’s grow together.


RATES

.05% Annual Percentage Yield (APY)

Earn dividends on all account balances

Features & Benefits

  • Establishes PenFed membership
  • Easily transfer fund to your accounts
  • Earn dividends on the entire balance
  • Dividends compounded daily & credited monthly
  • Savings are federally insured

QUESTIONS?
Give us a call or visit a branch today!

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

DISCLOSURES: Print IconPrintable Version

APY (Annual Percentage Yield) 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.

 

FEATURED BENEFITS

 

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Establishes PenFed Membership

Make a $5 deposit to your savings account and establish yourself as a PenFed member. We are member-owned, so when you open the account, you’re really buying a stake in the credit union—but you’re not buying. You’re saving.

 

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Easy Fund Transfer

It’s your money. Have access to it when you need it. We make it easy to save your money now and use it when you need it. 

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Competitive APY

Being not-for-profit means more of our earnings go back to you. This means we are able to fulfill our core values of giving back by offer higher yields for our members.

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Savings Backed by the NCUA

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

 

Additional Benefits

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Safety and Security

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

 

easy to enroll

Easy to Enroll

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

Excellent service

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.

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Dennis Willis

Wahiawa, HI

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

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George Ross

Colorado

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

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Jennifer Olschefski

Pennsylvania

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.

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