Pentagon Federal Credit Union (PenFed CU)

Home: ForBestAdvice - Money - Highest CD Rates - Pentagon Federal (PenFed) Credit Union

Pentagon Federal Credit Union
==> " PenFed CD Best CD Rates with FDIC " <==

A survey of current rates and terms at Pentagon Federal Credit Union, or PefFed CU CDs. PenFed calls these "Money Market Certificates." View our latest survey of the APY interest rates paid for certificates of deposit by term for the major and minor banks and credit unions that includes but is not limited to: Citibank, BofA, Chase, Wachovia, Taunus, Wells Fargo, HSBC, US Bancorp, Suntrust, ABN, Citizens Financial, Capital One, National City, PenFed, World Savings, Countrywide, and many more.

==> " Pentagon Federal Money Market Certificates " <== as of 12/11/08


Term	Dividend Rate	APY

6-Month	2.41%	2.42%

1-Year	2.58%	2.61%

2-Year	2.80%	2.84%

3-Year	4.64%	4.75%

4-Year	4.64%	4.75%

5-Year	4.64%	4.75%

7-Year	4.64%	4.75%

More PenFed Info & Latest Rates

Dividend Options for Your Money Market Certificates:

You choose whether your certificate dividends are paid monthly or at maturity. You can also choose from the following dividend payment options:

Add your dividends to the certificate
Transfer them to your Regular Share, Checking, or Money Market Savings Account (MMSA)
Have them sent to you in the form of a check

If you choose option 1 above, then you may select any of the three options listed below for the payment of dividends at certificate maturity. However, if you select option 2 or 3 above, then your last dividend payment at certificate maturity will occur in the same manner as the payment of principal you select below.

In the case of 1-, 2-, 3-, 4-, 5- and 7-Year Certificates, choosing option 1 above produces a higher yield, as dividends will compound on the dividends paid into the certificate.

Three options also exist for the payment of principal at certificate maturity:

Use the principal to automatically renew the certificate
Have it transferred to your Pentagon Federal Regular Share, checking account, or Money Market Savings Account
Have it sent to you by check

The choice is yours.

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.)

You need to join PenFed to get their great rates. If you are not already a member of a eligible organization, you can get the rates by joining "The National Military Family Association" (NMFA), a leading non-profit advocacy organization for military families. NMFA's membership is open to anyone who supports their important work on behalf of military families. One of the benefits of membership in NMFA is that being a member makes you eligible to join Pentagon Federal Credit Union. Read this for more info.

Article: How to Get the Best CD Rates

Gift Ideas: How to Brew Great Tasting Coffee

ForBestAdvice.com: Your place for information and advice about anything and everything
For Best Advice Sitemeter	CD Rates Meter	To advertise on this page, please contact advertising@forbestadvice.com