Pentagon Federal Credit Union – CD Rates

November 15th, 2010

Updated 3/25/2020

Pentagon Federal Credit Union has been around since 1935. Interestingly, they didn’t become federally insured until 1971. They are quite strong and doesn’t look like they plan on going anywhere, anytime soon.

CD Rates

Updated:3/25/20
6-Month:0.85%
1-Year:1.15%
2-Year:1.20%
3-Year:1.25%
4-Year:1.25%
5-Year:1.30%

NCUA rating

NCUA#227
Stats Updated:6/19
Star Rating:5 (****)
Assets:$24.4BB
Equity:$2.6BB
Capital Ratio:10.31%
Profits(loss):$156MM
 
Phone#:(800) 247-5626
Contact:Customer Service
Address:2930 Eisenhower Ave
Alexandria, VA 22314
Penalty: 1-year (5-year and longer)
Credit Inquiry:Hard Pull
Website:http://www.penfed.org
Membership Info:Fee of $25 — $5 for share account and $20 one-time fee to join National Military Family Association if you don’t qualify otherwise. Visit https://www.penfed.org/member-benefits for particulars.

Pentagon Federal Credit Union, also referred to as PenFed, is very easy to deal with and I haven’t heard many complaints about them except when they had an IRA special that was supposed to last a month and ended up being pulled in the middle. Many people had made arrangements for funds to transfer before month end and had to scramble to get transfers done earlier. Now they don’t make promises for rates to be good through a certain period of time.

PenFed primarily serves the military and their families and have 24/7 customer service. Yes, you can reach someone (a very helpful someone, I might add) on the phone 24-hours a day/7-days a week. That is quite impressive. Their CD rates tend to be at the top or above the market and they often offer specials in January. This is one that I feel would be worth joining even if you don’t have funds for a CD now. Then when you do, you can jump on it quickly. Click here to subscribe to our rate alerts

cd :O)

-- By Chris Duncan

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