This gives you some additional flexibility in deciding what you’ll do with the funds in your account when it matures. With PenFed, you choose your maturity option-whether or not to have the certificate automatically renew-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. When a CD is issued by a credit union rather than a bank, it’s referred to as a share certificate. One quick tip: Don’t let the “money market” in this certificate’s name confuse you this is a share certificate, not a money market account.
The credit union gets excellent customer satisfaction scores and it offers a highly rated mobile app for iOS and Android.
Its six-month certificate pays a competitive 3.00% APY. PenFed Credit Union pays competitive yields on nine different certificate terms, ranging from six months to five years.
