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PenFed Members:
1. Download and Print Forms (PDF)
2. Complete Your Application
3. Return Application to PenFed
Not A Member Yet?
Becoming a member is simple
(and no military affiliation is required).
FAX FORM TO:
1-800-278-2212
or
1-800-557-7328
MAIL FORM TO:
Attention: IRA Department
PO Box 247009
Omaha, NE 68124
CALL MEMBER SERVICES:
1-800-247-5626
NCUA BACKED
Savings federally insured to $250,000 and backed by the full faith and credit of the United States Government: Please visit the National Credit Union Administration’s (NCUA) Share Insurance Estimator to compute the amount of NCUA coverage available under different account scenarios.
IRA Premier Account
The PenFed IRA Premier Account provides a flexible, unique way to invest for your future.
WHY PENFED IRA PREMIER ACCOUNT?
PenFed recognizes that each member has unique needs, and offers an IRA account with flexibility. Readily withdraw from your PenFed IRA Premier Account and invest in other PenFed IRA products. Make your account a Roth, SEP or Traditional IRA, and have your account your way.
DIVIDENDS
$10,000 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.
FEATURED BENEFITS
QUESTIONS?
Give us a call or visit a branch today!
CALL US: (800) 247-5626
Find a Branch »
Disclosures
Annual Percentage Yield (APY) is accurate as of![]( "ratemonthstart")
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
Daily Compounded
Dividends
Your dividends will be compounded daily and paid monthly for maximum returns.
Savings Backed by the NCUA
Savings are federally insured to at least $250,000 and backed by the full faith and credit of the U.S. Government.
Liquid Investment Flexibility
Readily withdraw from your PenFed Premier Account and invest in other PenFed IRA products.
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.