PenFed Now Offering Certificate Rates Up to 4 Times ‘Higher than National Average’

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PenFed Holiday Certificate SavingsIf you are looking for some of the best certificates rates of the year, then consider PenFed.

Now for a limited time only, PenFed is offering promotional Certificate rates that are higher than the National Average on their 3-, 4-, or 5-Year Certificates*.

December 4, 2013, Alexandria, Va. –Are you looking for Certificate rates that are higher than the National Average? Then look to PenFed (Pentagon Federal Credit Union) to secure the highest promotional rates of the year on 3-, 4-, or 5-Year Certificates.

“These rates are huge, and we couldn’t be more excited about telling as many folks as possible about this promotion,” said Steve Troxel, vice president of marketing at PenFed. “We cannot stress enough that these rates are some of the highest available in the nation today. For smart savers who want to secure some of the best returns of the year on their investments, now is definitely the time to open a Certificate with PenFed.”

PenFed Certificate Investments: Safe & Secure

Known for its consumer-friendly products that are safe and secure, PenFed rolled out its latest Certificate rate promotion on December 1, 2013. 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

PenFed’s Returns Compared to the National Average**

Certificate Term PenFed National Average
3-Year 2.02% APY 0.48% APY
4-Year 2.22% APY 0.63% APY
5-Year 3.04% APY 0.79% APY

Are You a Long-Term Saver?

PenFed has these investors covered. Long-term savers will be interested in securing a 3.04% APY on PenFed’s 7-Year Certificates.

Why Invest in a PenFed Certificate?

A minimum $1,000 investment is all one needs to open a PenFed Certificate, and additional features and benefits include:

  • Dividends compounded daily and paid monthly for maximum returns
  • Automatic renewal options available
  • Dividend and maturity options also available

Opening an Account is Easy

It’s very easy to open a PenFed Certificate. Accounts can be opened online, 24-hours a day; or by telephone with a member service representative, seven days a week.

To learn more about PenFed and their certificate programs, 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 12/01/2013 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 12/04/2013.

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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