Use a PenFed Rewards card to make the most of Mother’s Day

Use a PenFed Rewards card to make the most of Mother's Day

Just look at how the calendar has flown by. It’s nearly Mother’s Day, which falls on Sunday, May 8, this year. Instead of letting it sneak up on you why not start planning right now? Even if you don’t have a big budget, you can skip the last-minute grocery store bouquet and get something she’ll really love—using one of PenFed’s award-winning Rewards Credit Cards. Read more ›

Posted in: Credit Cards

Should you refinance your car?

Should you refinance your car?

Refinancing your auto loan at the right time can save you money in all the right places, from the amount you pay every month to the overall cost of your car. You can even use an auto refi to effectively shorten your loan by refinancing at a lower interest rate and with lower monthly payments—but then by making the same payments you’ve become used to; you’ll pay off the car early and save money in the long run. Read more ›

Posted in: Cars

Top 5 reasons to take out a home equity line of credit

Top 5 reasons to take out a home equity line of credit

If you’re in need of cash to cover major expenses, you might consider maxing out your credit cards or taking out a high interest loan but these may not be your best options. If you’re a homeowner, you have another source of cash you can tap into: the equity on your home. Doing this gives you great interest rates—lower than you’ll typically find on a credit card or personal loan—and the interest paid is typically tax deductible, making it one of the least expensive ways to borrow. Read more ›

Posted in: Personal Finance

PenFed Foundation Contributes $100K to Military Officers Association of America Financial Education Effort

PenFed Foundation Contributes $100K to Military Officers Association of America Financial Education Effort

ALEXANDRIA, Va., April 22, 2016—The PenFed Foundation donated $100,000 to the Military Officers Association of America (MOAA) Military Family Initiative, which will launch a cooperative military financial education effort later this year. Read more ›

Posted in: 2016, News Releases

Plug into a new hybrid or electric car

Plug into a new hybrid or electric car

Earth Day has been linked to campaigns for eco-conscious driving and better gas mileage for so many years now that the annual event almost automatically makes people think about hybrid and electric vehicles. Yet these days, driving an alternative fuel vehicle isn’t only about saving gas. Drivers are coming to appreciate the new-tech vehicles—not only for their fuel efficiency—but for the get-up-and-go and their quiet operation. Read more ›

Posted in: Articles, Cars

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