Find the latest Pen Air Federal Credit Union CD Rates, Offers, and Promotions here.
Best CD Rates: 4.75% APY, 28-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
Table of Contents
About Pen Air Federal Credit Union
| 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.
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.
| Term | APY Rate | Minimum Deposit |
| 3-Month | 1.00% | $500 |
| 6-Month | 1.35% | $500 |
| 12-Month | 2.45% | $500 |
| 15-Month Add-On | 2.55% | $500 |
| 18-Month | 2.60% | $500 |
| 24-Month | 2.65% | $500 |
| 28-Month | 4.75% | $500 |
| 36-Month | 2.70% | $500 |
| 48-Month | 2.75% | $500 |
| 60-Month | 2.85% | $500 |
*The above rates are accurate as of 1/26/2023*
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.
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.
(NCUA Insured)
| Compare to the best CDs such as Sallie Mae Bank 27-Month CD (5.00% APY), Sallie Mae Bank 23-Month CD (4.85% APY), CIT Bank 18-Month CD (4.60% APY), Blue Federal Credit Union 15-Month CD (4.80% APY), Quontic Bank 60-Month CD (4.45% APY), Sallie Mae 14-Month No-Penalty CD (4.40% APY), and CIT Bank 11-Month No-Penalty CD (4.10% APY). |
Pen Air Federal Credit Union Important Details
- Funding – ACH, wire ($15 fee), internal transfer. Note: while savings/checking accounts can be initially funded by debit or credit card, CDs cannot.
- CO-OP Shared Branch Participant – Yes.
- Dividends – Compounded/credited monthly and can be paid out by check or transferred to a Pen Air CU liquid account.
- Maturing Funds – ACH, wire ($20), cashier’s check, or internal transfer.
- Beneficiaries – Unlimited; equal shares; Social Security number required.
- Grace Period – 7 calendar days before automatic renewal.
Pen Air Federal Credit Union CD Features
- Low minimum balance requirement
- 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.
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:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 12-Month CD Rates
- Best 18-Month CD Rates
- Best 24-Month CD Rates
- Best 36-Month CD Rates
- Best 48-Month CD Rates
- Best 60-Month 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.
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