SuperMoney
  PenFed Credit Union Premium Online Savings Account

PenFed Credit Union Premium Online Savings Account

in Savings Accounts from PenFed Credit Union

Claimed

PenFed Credit Union Premium Online Savings Account

Claimed

in Savings Accounts from PenFed Credit Union

Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Rating not yet determined  

1 user recommends
0 users are unsure
0 users don't recommend
Cast your vote
Cast your vote

Would you recommend PenFed Credit Union Premium Online Savings Account to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
Community Rating

Rating not yet determined  

Monthly Fee $0
APY (Annual Percentage Yield) 0.60%
APY Minimum Balance $5

PenFed Credit Union Premium Online Savings Account Review

PenFed Credit Union Premium Online Savings Account is offered by PenFed Credit Union, a credit union founded in 1935 and based in Alexandria, VA. PenFed Credit Union Premium Online Savings Account is available in 50 states (and Washington, DC).

PenFed Credit Union Premium Online Savings Account FAQ

Are savings accounts from PenFed Credit Union federally insured?

Yes, your PenFed Credit Union savings 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.

Does PenFed Credit Union offer a signup bonus?

PenFed Credit Union Premium Online Savings Account doesn't offer a signup bonus.

What is the minimum balance for PenFed Credit Union Premium Online Savings Account?

The minimum balance to open a PenFed Credit Union Premium Online Savings Account is $5.
PenFed Credit Union Premium Online Savings Account Account Minimums
Description
APY Minimum Balance $5
Minimum Initial Deposit $5
Minimum Combined Balance to Avoid Monthly Fee N/A
Minimum Required Balance N/A
Minimum Account Transfer to Avoid Monthly Fee N/A
Minimum Direct Deposit to Avoid Monthly Fee $5
Minimum Balance to Avoid Monthly Fee N/A

What APY does PenFed Credit Union offer?

PenFed Credit Union Premium Online Savings Account offers an APY of 0.60% (APY stands for annual percentage yield, rates may change).

What features and perks does PenFed Credit Union Premium Online Savings Account offer?

This account includes the following features:

  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • Fraud monitoring - PenFed Credit Union Premium Online Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Nationwide ATM network - Withdraw money and check your balance from wherever you are.
  • PenFed Credit Union Premium Online Savings Account Features
    Description
    Bank Account Features
    • No ATM Fees
    • Branch Access
    • NCUA Member
    • Bauer Financial A+/A Rating
    • Automatic Savings
    • Fraud Monitoring
    • Mobile Banking
    • Nationwide ATM Network
    • Interest Bearing Account
    • No Monthly Maintenance Fee
    • Mobile Check Deposit

What fees does PenFed Credit Union Premium Online Savings Account charge?

PenFed Credit Union Premium Online Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

Avoid the monthly fee by setting up a direct deposit of at least $5.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Outoing international bank transfers come with a $30 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • PenFed Credit Union Premium Online Savings Account charges $1 every time you request a paper statement.
PenFed Credit Union Premium Online Savings Account Disclosure: *APY (Annual Percentage Yield) is accurate as of August 21, 2019 and is subject to change at any time. Fees may reduce earnings. Government regulations restrict certain types of withdrawals from your Pentagon Federal Savings Account up to six times per monthly dividend cycle. If you exceed the permitted number of withdrawals, a fee will be assessed which may affect your earnings. Premium Online Savings account holders must agree to electronic delivery of account opening disclosures and monthly statements.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From PenFed Credit Union

Start earning more on your savings. 1.70% APY (Annual Percentage Yield) with a daily balance up to $250,000

Availability

  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

APY Minimum Balance $5
Minimum Direct Deposit to Avoid Monthly Fee $5
Minimum Initial Deposit $5
Early Account Closure $0
Monthly Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
International ATM Surcharge $1.50
Paper Statement Fee $1
Returned Deposit Fee (Domestic) $5
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Outgoing) $30
Bank Account Features
  • No ATM Fees
  • Branch Access
  • NCUA Member
  • Bauer Financial A+/A Rating
  • Automatic Savings
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.60%

PenFed Credit Union Premium Online Savings Account Community Reviews

 

Would you recommend PenFed Credit Union Premium Online Savings Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

sorted by

Other Savings Accounts

PenFed Credit Union Savings Accounts

Loading...