Get up to a $500 bonus¹ when you open a new Premium Online Savings account
Get more money while saving with this exclusive limited time bonus offer. Open a NEW PenFed Premium Online Savings account and fund with $10,000 or more on or before August 15, 2024.
Earn a $100 bonus for every $10,000 deposited, up to $50,000, when you fund from an external account and keep it funded until February 15, 2025.
New money is funds deposited from an external account into your new Premium Online Savings account. The funds must be new funds to PenFed.
If it is determined that upon receipt of this offer, you have withdrawn funds from PenFed to re-deposit so they would be considered new money from an external account in order to take advantage of the promotion, you will not qualify for this offer.
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.
If it is determined that upon receipt of this offer, you have withdrawn funds from PenFed to re-deposit so they would be considered new money from an external account in order to take advantage of the promotion, you will not qualify for this offer.
Your funds eligible for the bonus must be deposited and remain in your new Premium Online Savings account from August 15, 2024 through February 15, 2025. If any portion or all the funds eligible for the bonus are moved out of your Premium Online Savings account, those funds will no longer be eligible for the bonus.
The bonus will be credited to the Premium Online Savings account no later than April 15, 2025.
No, this offer is non-transferable. Is only available for the original recipient and can not be shared.
No, this offer is limited to one bonus up to $500 and one new Premium Online Savings account per member.
Yes, however the bonus is capped at $500 for a $50,000 deposit and must be held in the account until February 15, 2025.
Federally Insured by NCUA.
¹Offer valid from 07/15/24 to 08/15/24. This exclusive Bonus Offer is only available for the original recipient and cannot be shared or made eligible beyond the original recipient.
Offer Details: You must open a new PenFed Premium Online Savings account between 07/15/24 to 08/15/24 to be eligible for the Bonus Offer. During the Offer Period or before 11:59 p.m. EST on 08/15/24, make deposits of up to $50,000 from an external account into your 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 08/15/24 to 02/15/25 to be eligible for the Bonus Offer. 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 deposited to your account. Your account must stay open and be in good standing to receive the bonus. Please allow up to 60 days for the Bonus to appear in your account.
% APY (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.
