Current CD rates and terms at Pentagon Federal Credit Union. You can often get higher than advertised CD rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you. Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof.
Bottom line: It never hurts to ask the teller if better CD rates are available when you do your homework!
==> PenFed CU Money Market Certificates as of 4/11/16 <==
Minimum investment is $1,000.
Term Rate APY
6 Month 0.60% 0.60%
1 Year 1.10% 1.11%
15 Month 1.15% 1.16%
2 Year 1.30% 1.31%
3 Year 1.30% 1.31%
4 Year 1.30% 1.31%
5 Year 1.40% 1.41%
7 Year 1.40% 1.41%
*$1,000 minimum amount to open. A penalty will be imposed for early withdrawal. This will reduce earnings on the account. Please see 'Details and Disclosures' below for important account information.
Definition: A Certificate of Deposit or CD is certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest. Often there is a penalty for early withdrawal (taking your money out before the specified period of time.)
Article: How to Get the Best CD Rates - iBonds
A Pentagon Federal Money Market Certificate means high yields and security. Your savings are federally insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the U.S. government. You can extend this coverage even further by various combinations of account ownership. Speak to a member service representative for details, or request a copy of the "Your Insured Funds" brochure.
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(*) Disclaimer: Annual Percentage Yield (APY) is accurate as of the day listed and may change without notice. Contact the credit Union directly to get current rates, fees and terms. Fees may reduce earnings. Penalty may be imposed for early withdrawal.