PenFed Federal Credit Union Money Market Account
in Money Market Accounts from PenFed Credit UnionUnaffiliated
PenFed Federal Credit Union Money Market AccountUnaffiliated
in Money Market Accounts from PenFed Credit Union
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|APY (Annual Percentage Yield)||0.05% - 0.15%|
PenFed Federal Credit Union Money Market Account Review
PenFed Federal Credit Union Money Market Account is offered by PenFed Credit Union, a credit union founded in 1935 and based in Alexandria, VA. PenFed Federal Credit Union Money Market Account is available in 50 states (and Washington, DC).
Are money market accounts from PenFed Credit Union federally insured?
Yes, your PenFed Credit Union money market accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
What are the PenFed Federal Credit Union Money Market Account rates?
PenFed Federal Credit Union Money Market Account offers an APY starting at .05% and ranging up to .15% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1.
|APY (Annualized Percentage Yield)||.05% - .15%|
What are the PenFed Federal Credit Union Money Market Account fees?
PenFed Federal Credit Union Money Market Account does not charge a monthly maintenance fee.PenFed Credit Union will charge you a $10 fee if you exceed your maximum number of monthly transactions.
Federal regulations limit the number of transactions you can make from your money market account to six per month.
|Paper Statement Fee||N/A|
|Excess Transaction Fee||$10|
What is the minimum balance for PenFed Federal Credit Union Money Market Account?
No minimum initial deposit. PenFed Credit Union does not require a minimum initial deposit to open an account.
Interest rate minimum balance of $1. You must keep the account balance above $1 to earn interest.
What features and perks does PenFed Federal Credit Union Money Market Account offer?
This account does not seem to offer any of the features and perks we track.
How to open an account with PenFed Credit Union
- Visit the PenFed Credit Union website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
Other Services by PenFed Credit Union
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia