PenFed Credit Union is offering residents across the nation a chance to take advantage of a host of account rates and lengths to fit all your banking needs. With a new CD account, you will most definitely find an account to cater to your savings goals, whether it be short term or long term.
Right now, the bank is offering rates such as the 2.10% APY 12-Month CD, 2.25% APY 15-Month CD Rates when you sign up and provide a $1,000 minimum opening deposit into your new account. In addition, you will gain access to all the great features and service the bank has to offer. If you are interested, I suggest you apply as soon as you can!
Eligibility: If you are active or retired military personnel or if you are a member of or volunteer with any of their Affinity Partners then you are eligible to join. For more information, be sure to visit their membership page.
PenFed Credit Union CD Summary
- Direct Link to Offer
- Account Type: CD account
- APY Rates
| Term | %APY |
| 6 Month | 2.05% |
| 12 Month | 2.10% |
| 15 Month | 2.25% |
| 18 Month | 2.25% |
| 24 Month | 2.45% |
| 36 Month | 2.50% |
| 48 Month | 2.55% |
| 60 Month | 2.60% |
| 84 Month | 2.65% |
*The above rates are accurate as of 06/03/2019.
- Availability: Nationwide (Branch Locator)
- Soft/Hard Pull: Soft Pull or Hard Pull? Let us know
- Minimum Balance Requirement: $1,000
- Additional Requirements: None
- Early Withdrawal Fee: There is a penalty fee if you withdraw before the maturity date.
- Auto-Renewal: Account auto-renewal is available.
PenFed Credit Union Best CD Rates
All in all, PenFed Credit Union ranks quite nicely across the board from our Best 1-Year CD Rates in the nationwide section. If you are looking into a generous APY rate, then the wide range of lengths and CD rates are definitely worth checking out. However, if you’re interested in making a higher rate than a traditional savings account, make sure to take advantage of this limited time special offer. Note that rates are always changing, which is why if you’re interested in getting a CD with them, you might want to hop on it as soon as possible.
PenFed Credit Union CD Features
- No monthly fees
- Minimum balance requirement of $1,000
- Free Online and Mobile App Banking
- Offers some of the highest rates in the nation
- Daily compounded interest rate and credited monthly
- NCUA insured of up to $250,000
Conclusion
PenFed Credit Union has been consistently ranked among one of the highest in terms of CD rate offerings as well as customer satisfaction. With their current range of rate, you will definitely be able to find one that fits all your needs. However, I would definitely apply soon as the rates are subjected to change.
At the end of the day, if you would like to start a new banking experience for the year ahead, be sure to open your CD account today! However if you are not interested or looking for more options, be sure to browse our complete list of the Best CD Rates for all your savings needs!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
I noticed PenFed still has a 6 month CD at 1.50% APY even after the fed’s latest rate cut of half a percent. Do you know how long rates normally hold by banks and credit unions after a major rate cut like this? What’s the standard lag time?