Pentagon Federal Credit Union CD Rates
We aim to bring you some of the highest CD rates available in the market today so that you can make wise and informed financial decisions. In this endeavor, we will be turning our attention to PenFed certificate of deposit rates and the features that come with it,
Two kinds of certificates are offered by Pentagon Federal Credit Union and they are money market certificates and education savings certificate. There are many advantages in buying a money market certificate. You can lock in the rates for the specified period and this can earn you a good amount of interest. These certificates are insured up to $250,000 by FDIC. Another advantage is that the dividends are paid monthly or at the end of the maturity period, depending on your preference. You can directly transfer it to your checking or savings account or can even opt for a payout through a cheque.
The current rates for PenFed money market certificates are 1.02% APY for a 6 month period and 1.37% for a 1 year period. The current CD rates are 1.80% for a 2 year term, 2.50% for a 3 year term, 2.76% for a 4 year term, 3.00% for a 5 year term and 3.51% for a 7 year term respectively. The Pentagon Federal Credit Union CD rates for the education savings scheme are 1.37% for a 1-year term, 1.80% for a 2-year term, 2.50% for a 3-year term, 2.76% for a 4-year term, 3.00% for a 5-year term and 3.51% for a 7-year term respectively. These PenFed CD rates are quite attractive in the current market situation and this makes it a good avenue for investment.