Available for residents nationwide, PenFed Credit Union is offering 2.00% APY when you open a Premium Online Savings account. Keep reading to find out everything you need to know about PenFed Credit Union.
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About PenFed Credit Union Premium Online Savings
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions serving 1.7 million members worldwide with $25 billion in assets. They are federally insured by NCUA and are an Equal Housing Lender.
I’ll review PenFed Credit Union Premium Online Savings account below.
|Balance Requirement||APY Rate|
PenFed Credit Union Online Savings Rate
- Account Type: Premium Online Savings Account
- Availability: Nationwide
- Interest Rate: 2.00% APY
- Minimum Balance: None
- Maximum Balance: None
- Credit Inquiry: Unknown
- Opening Deposit: $5
- Monthly Fee: There are no monthly service fees
- Early Termination Fee: None listed, check with CSR for more information
PenFed Credit Union ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with PenFed Credit Union’s ACH capabilities.
How to Earn PenFed Credit Union Rate
- Open a Premium Online Savings account from PenFed Credit Union with an opening deposit of $5.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- Maintain the account balance up to $100,000, enroll in online banking, and agree to electronic-only statements.
Why You Should Sign Up For This Account
- Member discounts
- Advice Center
- Financial Hardship Center
- Free Online Transfers
Check out this offer from PenFed Credit Union for a great rate. There are no monthly service fees, leaving you less to worry about. Take advantage of the services they have to offer along with these savings. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
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