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Regular Savings
To save is to build. With a PenFed Regular Savings Account, you establish your part ownership in PenFed, shaping our future alongside your own.
Regular Savings Account
WHY PENFED REGULAR SAVINGS?
As a member-owned nonprofit, our growth is tied directly to yours. That’s why PenFed wants to ensure our members receive superior service and savings. The Regular Savings Account is a simple, straightforward savings account with a competitive APY and a great way to establish ownership. A $5 deposit is all it takes to become a PenFed member. Let’s grow together.
RATES
% Annual Percentage Yield (APY)
Earn dividends on all account balances
Features & Benefits
- Establishes PenFed membership
- Easily transfer funds to your accounts
- Earn dividends on the entire balance
- Dividends compounded & credited monthly
- Savings are federally insured
Disclosures
APY (Annual Percentage Yield) is accurate as of and is subject to change at any time. Fees may reduce earnings.
To open a membership Regular Savings Account online you must agree to electronic delivery of account opening disclosures and monthly statements.
FEATURED BENEFITS
Establishes PenFed Membership
Make a $5 deposit to your savings account and establish yourself as a PenFed member. We are member-owned, so when you open the account, you’re really buying a stake in the credit union—but you’re not buying. You’re saving.
Easy Funds Transfer
It’s your money. Have access to it when you need it. We make it easy to save your money now and use it when you need it.
ATM access
Access your funds at an ATM with our free ATM card
Savings Backed by the NCUA
What is PenFed without security? Savings are federally insured up to $250,000 and backed by the full faith and credit of the U.S. Government.
Additional Benefits
Safety and Security
PenFed knows defense. Our first duty always is to protect our members.
Easy to Enroll
Just $5 is all it takes to start building your savings and your future.
Excellent Service
PenFed was founded for our defense community and those that support them, so we know a thing or two about service.
Dividends Compounded and Credited Monthly
Earn on your savings from day one. Invest in yourself and see the results with each statement. Rates are compounded monthly and dividends added monthly to your account.