open an ira certificate

IRA Certificates


Growth and security: get the best of both worlds with a certificate and an IRA rolled into one. Invest in your future while steadily growing your dividends.

WHY PENFED IRA CERTIFICATES?

Our members’ financial growth is our growth. When you invest with PenFed, we want to ensure you get the most for your money. That’s why we offer IRA certificates that give you dividends like a certificate and tax advantages like an IRA.

 

$1,000 minimum balance to open.
Consult with a tax advisor.

For members that reside in Puerto Rico, please contact PenFed Wealth Management at 1-800-832-8022 to discuss the IRS’ retirement plan qualifications and their applicability to IRAs opened in Puerto Rico.

APY AS HIGH AS %

TERM DIVIDEND RATES APY
1 Year % %
2 Year % %
3 Year % %
4 Year % %
5 Year % %
7 Year % %

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

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

Disclosures Print Icon Print

Annual Percentage Yield (APY) is accurate as of and is subject to change at any time. Fees may reduce earnings. Rates could change after account opening.

*Refer to a qualified tax advisor

IRA Premier

A $10,000 account balance must be maintained to receive this higher rate. Account balances below $10,000 earn a lower return. Call for details.

Rates could change after account opening.

Roth IRA

Rates could change after account opening.

To take a qualified distribution, and avoid any tax liabilities, you must wait until after the five-taxable-year period beginning with the taxable year in which you first contributed to a Roth IRA.

IRA Certificates

Rates are subject to change monthly and are fixed for the term of the certificate. Certificates dividends compound daily. The minimum balance to open a certificate is $1,000.

Partial withdrawals for members over the age 59 1/2 (including Required Minimum Distributions) and qualified distributions regardless of age (including Disability) may be processed from IRA certificates without incurring an early redemption penalty.

Early Redemption Penalties

Penalties are imposed for early redemption of certificates. You must provide your request in writing.

If the certificate is redeemed within the first year, all dividends will be forfeited.

If after the first year, but prior to the maturity date, the early withdrawal penalty will equal 30% of what would have been earned if the certificate had been held to maturity, not to exceed total dividends earned.

FEATURED BENEFITS

low minimum deposits icon

Low Minimum Deposit

Start saving with balances as low as $1,000 with no maximum limit. With a PenFed IRA Certificate, you can start small and earn more.

dividends compounded daily icon

Daily Dividends

Your dividends will be compounded daily and paid monthly for maximum returns. Look forward to a monthly payday from your certificate.

no early withdrawal penalties icon

No Early Withdrawal Penalties on Principal

If you need to withdraw the money before you expect, you won’t lose any of the principal.

Traditional, roth or sep iras are available

Available Three Ways

Choose from a Traditional, Roth or SEP IRA for maximum benefits. Decide when to pay taxes and how much to put away, depending on the plan you choose.

How To Open

PenFed Members:

1. Download and Print Forms (PDF)

2. Complete Your Application

3. Return Application to PenFed
 

Download Forms

Not A Member Yet?

Becoming a member is simple

(and no military affiliation is required).
 

 

Become a Member    Learn More

FAX FORM TO:

fax your completed form to us

1-800-278-2212  

or  

1-800-557-7328

MAIL FORM TO:

mail completed forms to the address below

Attention: IRA Department

PO Box 247009

Omaha, NE 68164

CALL MEMBER SERVICES:

Need help? call member services

1-800-247-5626

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