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PenFed Credit Union Premium Online Savings Account

in Savings Accounts from PenFed Credit Union

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PenFed Credit Union Premium Online Savings Account

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in Savings Accounts from PenFed Credit Union

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APY (Annual Percentage Yield) 1.7%
APY Minimum Balance $5
Monthly Fee $0

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).

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.

What APY does PenFed Credit Union offer?

PenFed Credit Union Premium Online Savings Account offers an APY of 1.7% (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 features and perks does PenFed Credit Union Premium Online Savings Account offer?

This account includes the following features:

PenFed Credit Union Premium Online Savings Account Features
Description
Bank Account Features N/A
  • 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.

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 $20 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...

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

APY Minimum Balance $5
Minimum Direct Deposit to Avoid Monthly Fee $5
Minimum Initial Deposit $5
Monthly Fee $0
International ATM Surcharge $1.50
Paper Statement Fee $1
Returned Deposit Fee (Domestic) $5
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $30
Bank Account Features
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • NCUA Member
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 1.7%

PenFed Credit Union Premium Online Savings Account Community Reviews

 

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PenFed Credit Union Savings Accounts

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APY (Annual Percentage Yield)

APY Minimum Balance

Monthly Fee

PenFed Credit Union Regular Savings Account
APY (Annual Percentage Yield) 0.05% APY (Annual Percentage Yield)
APY Minimum Balance N/A APY Minimum Balance
Monthly Fee N/A Monthly Fee