Find the latest Pen Air Federal Credit Union CD Rates, Offers, and Promotions here.

Best CD Rates: 5.36% APY 12-Month CD, $500 minimum deposit.

Availability: Nationwide. Military relationship or joining the Friends of NMCRS Inc., (a one-time $1 donation) qualifies for membership in Pen Air.

Credit Inquiry: Hard Pull with Equifax

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About Pen Air Federal Credit Union

Since 1936, Pen Air Federal Credit Union has been serving the members of their community. They aim to assist their members in reaching their financial goals.

Eligibility:

SEGs: Employees/members of more than 1,200 businesses, associations, churches, and local governments in northwest Florida and southeast Alabama are eligible to join.

Residency: Individuals who live, work, worship, or attend school in any of 15 Florida counties or two Alabama counties are eligible to join.

Florida counties – Bay, Calhoun, Escambia, Franklin, Gadsen, Gulf, Holmes, Jackson, Leon, Liberty, Okaloosa, Santa Rosa, Wakulla, Walton, and Washington.
Alabama counties – Baldwin and Mobile.

Military Relationship: Active duty/retired/reserve members of the military (including the Coast Guard) and active/retired civil service employees qualify for membership.

Family Relationship: Immediate family members and household members of current Pen Air members are welcome to apply.

Pen Air Federal Credit Union offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you. You can fund your account via ACH, wire, or internal transfer.

Term	APY Rate	Minimum Deposit
3-Month	5.00%	$500
6-Month	5.20%	$500
12-Month	5.36%	$500
15-Month Add-On	2.55%	$500
18-Month	2.80%	$500
24-Month	2.85%	$500
36-Month	2.90%	$500
48-Month	2.95%	$500
60-Month	3.05%	$500

*The above rates are accurate as of 9/20/2023*

Pen Air Federal Credit Union CD Rates

CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make. The interest is compounded and credited monthly which can be paid out by check or transferred to a Pen Air CU liquid account.

With as little as $500, you can invest in a Pen Air Federal Credit Union CD account to maximize your earnings. Compare their offering now to find the solutions that fit best with your savings goals. If you’re interested in making a higher rate than a traditional savings account then make sure to check out below CD rates.

Minimum deposit: $500
Maximum deposit: No stated balance cap
Early withdrawal penalty:
- Terms of 12 months or longer 180 days’ dividends
- If the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.

CD Rates at Pen Air Federal Credit Union

(NCUA Insured)

Compare the best CD rates:
Western Alliance Bank 3-Month CD (4.50% APY)	Western Alliance Bank 12-Month CD (4.25% APY)
Ponce Bank 3-Month CD (4.25% APY)	Blue Federal Credit Union 9-Month No Penalty CD (3.75% APY)
Sun Canyon Bank 11-Month CD (3.98% APY)	Ponce Bank 4-Month No-Penalty CD (4.15% APY)
Quontic Bank CD (Up to 4.25% APY)

Pen Air Federal Credit Union CD Features

Low minimum balance requirement
Unlimited number of beneficiaries
Competitive rates on all CD terms
Free online and mobile banking
Insured by the FDIC up to the maximum allowed by law

Bottom Line

With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Take advantage of a low required minimum balance of just $500. You can get your maturing funds via ACH, wire, cashier’s check, or internal transfer. They will give you a 7 calendar days grace period before automatic renewal.

This is ideal for accounts like Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.

*While Pen Air Federal Credit Union does have competitive rates with their launch, their product line is limited. I recommend taking a look at Discover Bank Promotions here

This is a great opportunity to invest in a high-interest CD from Pen Air Federal Credit Union. However, you may want to compare them with our best CD Rates:

You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest Pen Air Federal Credit Union CD rates!

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.