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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 68124-7009
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 Savings Account
Our members work hard. We want them to save smart. With a PenFed IRA Savings Account, you can start contributing to your retirement with as little as $25.
WHY PENFED IRA SAVINGS?
Every PenFed member owns a stake in our credit union so we are actively committed to seeing you increase your wealth. A low-risk savings plan for a comfortable retirement is just one of the many ways we help you do it.
DIVIDENDS
![]( "IRA Share APY")
%* Annual Percentage Yield (APY)
$25 minimum balance to open
Consult with a tax advisor.
For members that reside in Puerto Rico, please contact PenFed Wealth Management at 1-800-732-8022 to discuss the IRS’ retirement plan qualifications and their applicability to IRAs opened in Puerto Rico.
Features & Benefits
Federally insured to at least $250,000 and backed by the full faith and credit of the U.S. Government.
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![]( "IRA Cert Effective Date")
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.
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.
Exceptions. The penalties described above will not be applied if the withdrawal is made: (i) Subsequent to the death of any holder of the Certificate. (ii) As a result of the voluntary or involuntary liquidation of the credit union. (iii) If the owner is permanently disabled, as defined in the Internal Revenue Code Section 72(m). (iv) If the owner has reached age 59½ and takes a partial withdrawal in the form of a distribution to themselves. (v) If the owner has reached the applicable RMD age and take a withdrawal of any amount in the form of a distribution to themselves. Note: a trustee-to-trustee direct transfer is not considered a distribution to yourself therefore regular certificate penalties would apply. Roth IRAs do not qualify under RMD exceptions.
FEATURED BENEFITS
Daily Compounded Dividends
Your dividends will be compounded daily and paid monthly for maximum returns.
Liquid Investment Flexibility
Readily withdraw from your PenFed Premier Account and invest in other PenFed IRA products*.
Low Minimum Balance to Open
Start your retirement savings with as little as $25. Saving doesn’t have to be hard. PenFed will help you start wherever you can.
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.