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