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  PenFed Credit Union IRA Certificate

PenFed Credit Union IRA Certificate

in CD Accounts from PenFed Credit Union

Unaffiliated

PenFed Credit Union IRA Certificate

Unaffiliated

in CD Accounts from PenFed Credit Union

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Highlights
Highlights
Minimum Deposit $1,000
APY 2.35% - 3%

PenFed Credit Union IRA Certificate Review

PenFed Credit Union is a credit union based in Alexandria, VA. It was founded in 1935 and offers banking services in 50 states (and Washington, DC).

Is PenFed Credit Union IRA Certificate insured by the FDIC?

PenFed Credit Union IRA Certificate is not a member of the Federal Deposit Insurance Corporation (FDIC). This means your deposits are not covered by the FDIC if PenFed Credit Union IRA Certificate were to fall into financial difficulties.

What types of CDs does PenFed Credit Union offer?

  • IRA

What APY does PenFed Credit Union offer on its CDs?

PenFed Credit Union IRA Certificate offers an APY starting at 2.35% and ranging up to 3% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What types of terms does PenFed Credit Union IRA Certificate offer?

PenFed Credit Union offers CD terms of the following lengths:
PenFed Credit Union IRA Certificate Rates & Terms
Description
APY 2.35% - 3%
APY Type Fixed APY
3-Month APY N/A
6-Month APY N/A
11-Month APY N/A
12-Month APY 2.35%
2-Year APY 2.5%
3-Year APY 2.6%
4-Year APY 2.65%
5-Year APY 2.9%
7-Year APY 3%

What is the minimum deposit to open a CD account with PenFed Credit Union?

PenFed Credit Union IRA Certificate requires a minimum initial deposit of $1,000 to open an account.

What types of early withdrawal penalties does PenFed Credit Union IRA Certificate charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

PenFed Credit Union does not charge an early withdrawal fee.

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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Grace Period for Account Changes 0
Minimum Deposit $1,000
APY 2.35% - 3%
12-Month APY 2.35%
2-Year APY 2.5%
3-Year APY 2.6%
4-Year APY 2.65%
5-Year APY 2.9%
7-Year APY 3%
CD Accounts
  • IRA

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