You choose your maturity option with PenFed when you open your certificate account and can change it at any time before maturity. You can join PenFed Credit Union by opening a savings account with an initial deposit of $5. PenFed gets excellent customer satisfaction scores and its highly rated app is available for iOS and Android. Terms range from six months to five years.
Dividends on this certificate compound daily.Īt PenFed Credit Union, you’ll find competitive yields on nine certificates. Don’t be confused by the “money market” in this certificate’s name this is a share certificate-the name for a CD that’s issued by a credit union-not a money market account. With a fairly modest minimum deposit of $1,000, you can open a PenFed Credit Union Money Market Certificate and earn a very competitive 4.30% APY.
