Enjoy up to $850¹ from us to you!

Federally Insured by NCUA. To receive any advertised product, you must become a member of PenFed Credit Union. © 2024 Pentagon Federal Credit Union.

This exclusive Bonus Offer is only available for the original recipient and cannot be shared or made eligible beyond the original recipient.

¹The up to $850 offer is limited to individuals that receive the offer of the direct mail directly from PenFed. Maximum bonus received is $850 per member. Offer code can only be used one time. Bonus offer is valid for addressee only. You must open the checking and savings account within the promotional period and complete all requirements for BOTH the checking bonus and savings bonus to receive $850 bonus. After you have completed all requirements, we will deposit the remaining bonus due in your new account within 60 days from Promotional Close Date.

²In order to receive the PSV bonus: You must open a new PenFed Premium Online Savings account by (refer to your mail piece for details). During the Offer Period (refer to your mail piece for details) make deposits of up to $50,000 from an external account into this PenFed Premium Online Savings account. External funds are considered any new money deposited into your account from an account not affiliated with PenFed. Funds transferred internally within PenFed accounts do not qualify for this offer. The new money must remain in the PenFed Premium Online Savings account from (refer to your mail piece for details) to be eligible for the Bonus Offer. Your total balances at PenFed must increase by the end of the promo period. Upon meeting the Offer qualifications, you will receive $100 bonus for every $10,000 deposited into your account. Maximum bonus received is $500 per member. Your promotional bonus will be reported in your year-end Form 1099-INT as taxable income. Bonus will be credited to the account in the form of a statement credit. Your account must stay open and be in good standing when bonus is credited to your account. The credit will be applied to your account within 60 days after the Promotional Close Date.

³In order to receive the checking bonus: 1) Open a new PenFed Free checking or Access America checking account by (refer to your mail piece for details) which is subject to approval; AND 2) Make direct deposits totaling $1,500 or more per month for 2 consecutive months into this checking account by 11:59 p.m. EST on (refer to your mail piece for details). Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or government. Person to Person payments (such as Zelle®) are not considered a direct deposit. Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account. Upon meeting the Offer qualifications, you will receive the $250 bonus. Bonus will be deposited directly into the account. Your account must stay open and be in good standing when the bonus is credited to your account. Limit one credit per member. Your new checking account must remain open and in good standing to qualify. Your promotional bonus will be reported on your year-end Form 1099-INT as taxable income. The credit will be applied to your account within 60 days after the Promotional Close Date.

Qualifying direct deposits are defined as deposits from an enrolled member’s employer, payroll or benefit provider (such as Social Security) via ACH deposit. Deposits that are not from an employer (such as check deposits, P2P transfers such as PayPal® or Venmo®, etc., merchant transactions such as from PayPal®, Stripe ®, Square ®, etc. and back ACH transfer not from employers) do not qualify for this promotion.

We reserve the right to modify or revoke this Offer at any time, without notice. If we determine that abuse or gaming has occurred in connection with this Offer, your eligibility and bonus may be null and void.

⁴APY (Annual Percentage Yield) is accurate as of , and is subject to change at any time. Fees may reduce earnings. $5 minimum to open the account. Premium Online Savings account holders must agree to electronic delivery of account opening disclosures and monthly statements.

⁵The rate for our Premium Online Savings Account is the national average of % APY, based on the national average of savings accounts rates published in the FDIC Weekly National Rates and Rate Caps accurate as of . Sourced directly from https://www.fdic.gov/resources/bankers/national-rates/ as of .