Get a Much Higher Certificate Return with PenFed

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Great Return on CertificatesFor a limited-time with PenFed, you can get Certificate rates that are higher than the National Average on 3-, 4-, or 5-Year Certificates*.

November 1, 2013, Alexandria, Va. –If you are looking for stability, security and great returns on your Certificate investments, then consider PenFed (Pentagon Federal Credit Union) today.

Effective November 1, 2013, the credit union rolled out 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.

“Now is a great time to consider Certificate investment opportunities with PenFed” said Steve Troxel, vice president of marketing at PenFed. “Our Certificate rates and 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 2.02% APY 0.48% APY
4-Year 2.02% APY 0.63% APY
5-Year 2.02% APY 0.80% APY

PenFed Certificates: Safe & Secure

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 membership eligibility, call 800.247.5626 or visit PenFed.org.

About PenFed (Pentagon Federal Credit Union): 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.

Disclosures: Annual Percentage Yield (APY) is current as of 11/01/2013 and is subject to change. *Early Redemption Penalties: A penalty will be imposed for early withdrawal. This will reduce earnings on the account. **Courtesy Bankrate.com as of 10/31/2013.
Posted in: 2013, Press Releases

Media Contact

Amy Doane
Direct: 541-225-6606
E-mail: MediaRelations@PenFed.org

Note About Press Releases

Our Media Center is designed to keep you up-to-date on PenFed activities and act as a press archive. All information is considered to be accurate at the time of original publication. PenFed accepts no responsibility to update our press releases after information, including but not limited to rates and offers, has expired or is otherwise out of date.
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