Enjoy Higher Certificate Returns at PenFed

PenFed's 1-Year Certificate features one of the best rates available in the market today.

News provided by

Pentagon Federal Credit Union

Oct 02, 2014, 02:48 ET

ALEXANDRIA, Va., Oct. 2, 2014 /PRNewswire/ -- Pentagon Federal Credit Union (PenFed) has some of the best rates in the nation when it comes to secure Certificate investment opportunities. Right now, PenFed is offering a 1.21% APY on a 1-Year Certificate. This offer is for a limited time only. PenFed beats the national average* of a 0.97% APY on the same term.

PenFed Certificates: Safe & Secure.

It's easy to get a PenFed Certificate. Accounts can be opened online, or with a member service representative, seven days a week. A minimum $1,000 investment is all that's needed to open a PenFed Certificate; and additional features and benefits include:

  • Dividends compounded daily and paid monthly for maximum returns
  • Automatic renewal available
  • Dividend and maturity options also available
  • Government-backed insurance
  • No monthly fees

For the long-term saver, PenFed also offers great returns on 2-, 3-, 4-, 5-, or 7-Year Certificates.

To learn more about PenFed, membership eligibility, and current Certificate rates, call 800.247.5626 or visit PenFed.org.

About PenFed

Established in 1935 as the War Department Credit Union, PenFed is one of the largest credit unions in the country, serving 1.3 million members worldwide; with more than $19 billion in assets. Its long-standing mission has been to provide superior financial services, while being responsive to members' needs in a cost effective manner. PenFed offers market-leading mortgages, automobile loans, credit cards, checking, and a wide range of other financial services with its members' interests always in mind. Serving a diverse population, PenFed offers many ways to become a member; including numerous association affiliations and employee groups. PenFed is federally insured by the NCUA and is an equal housing lender. PenFed does business in accordance with the Federal Fair Housing Law, the Equal Credit Opportunity Act, and is a member of NAFCU.

Disclosures: Annual Percentage Yield (APY) is current as of 10/01/2014 and is subject to change. Early Redemption Penalties: A penalty will be imposed for early withdrawal. This will reduce earnings on the account. PenFed is federally insured by the NCUA. *Courtesy Bankrate.com as of 10/01/2014.

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SOURCE Pentagon Federal Credit Union