Available for residents nationwide, PenFed Credit Union is offering a Online Savings 3.00% APY account.
Continue reading below to learn everything you need to know about PenFed Credit Union.
PenFed Credit Union Online Savings Review
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions serving 1.7 million members worldwide with $25 billion in assets. They are federally insured by NCUA and are an Equal Housing Lender.
| Eligibility: They now have an open charter and no military affiliation is required. All members must open and maintain a share (savings) account with at least $5. This is not a membership “fee” – it is the member’s ownership share, and the requirement is the same for every member. Everyone is now eligible to apply for membership here: See current membership details |
I’ll review PenFed Credit Union Online Savings below.
PenFed Credit Union Online Savings Rate
- Eligible account: Online Savings
- Credit inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide
- Opening Deposit: $5
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
How to Earn PenFed Credit Union Rate
- Open a Online Savings account from PenFed Credit Union with an opening deposit of $0.60
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
| Balance Requirement | APY Rate |
| None | 3.00% APY |
PenFed Credit Union Account Features
- Member discounts
- Advice Center
- Financial Hardship Center
- Free Online Transfers
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Conclusion
Check out PenFed Credit Union and open a Online Savings Account with a competitive rate! The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile.
Let us know about your experience with this bank and comment below.
In addition to the rate from PenFed Credit Union, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Check back often to see the latest info on PenFed Credit Union Online Savings.
