ALEXANDRIA, Va., Oct. 11, 2013—Are you looking for stability, security and great returns on your Certificate investments? Pentagon Federal Credit Union (PenFed) has answered the call with its latest Certificate rate promotion. This limited-time, special offer features some of best rates in the market today, and is available to PenFed members when they open a 3-, 4-, 5-, or 7-Year PenFed Certificate.
“We are very pleased to offer these great Certificate rates to our membership,” said Steve Troxel, vice president of marketing at PenFed. “PenFed’s Certificate returns are much higher than the national average. Therefore, if you are a saver looking for a secure investment opportunity with a great return, then we encourage folks to act now.”
PenFed’s Returns Compared to the National Average**
|Certificate Term||PenFed||National Average|
|3-Year||1.51% APY||0.48% APY|
|4-Year||1.76% APY||0.63% APY|
|5-Year||2.02% APY||0.78% APY|
For the long-term saver, PenFed is also offering a 2.02% APY on 7-Year Certificates. A minimum $1,000 investment is all one needs in order to open a PenFed Certificate; and additional features and benefits include the following:
- Dividends compounded daily and paid monthly for maximum returns
- Automatic renewal options available
- Dividend and maturity options also available
It’s very easy to get a PenFed Certificate. Accounts can be opened online 24-hours a day or over the telephone with a member service representative, seven days a week.
For more information about PenFed, and find out how to become a member, call 800.247.5626 or visit PenFed.org.
Established in 1935, PenFed is one of the largest credit unions in the country serving over 1.2 million members worldwide; with more than $16 billion in assets. Its longstanding mission has been to provide superior financial services, responsive to members’ needs in a cost effective manner. PenFed offers market leading mortgages, automobile loans, credit cards, checking, and a wide range of other financial services with its members’ interests always in mind. Serving a diverse population, there are hundreds of ways to become a PenFed member; including numerous association members and employee groups. PenFed is federally insured by the National Credit Union Administration, does business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act, and is an equal housing lender.