| 2930 Eisenhower Avenue Alexandria, VA 22314 800-247-5626 www.penfed.org ![]() |
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Pentagon Federal Credit Union Routing Number: 256078446
Related Posts
Many 5-year CDs with interest rates over 5.00% will be maturing this year, and several readers with these CDs have been trying to decide what to do with that money. Unfortunately, there isn't any grea ...
More savers may be leaving their banks this year as their CDs mature and they see how low the new CD rates are. As many readers of this blog know, the best rates are often at credit unions. This may c ...
There had been rumors that Pentagon Federal Credit Union (PenFed) was going to finally start offering 10-year certificates to all members in January. A reader reported that he was told by a CSR the yi ...
A reader posted the following in the comments: CSR at pfed who I spoke with on 12/22 (Mandy) said there may be a 3.00% 10 yr. special in Jan. I am currently trying to confirm this. If you have heard similar news, please leave a comment I was disappoin
2011
- 12/16 - New Simple Checking Account Disclosure Form - How About CDs?
- 12/6 - Comparing the Best CD Rates After Early Withdrawal Penalties
- 11/23 - New Service Fees At Pentagon Federal As Of Sept 2011 (Forum)
- 10/6 - Comparing the Best Long-Term CD Rates After Early Withdrawal Penalties
- 10/5 - PenFed's Long-Term CD Rates are Now Competitive
- 8/20 - Pen Fed Branch Offices Are Useless (Forum)
- 7/29 - Penfed Contingency Plan In Case Of Government Default (Forum)
- 5/26 - Penfed CD Penalty Change Alert (Forum)
- 4/7 - Larger CD Early Withdrawal Penalties
- 3/8 - Update on Future PenFed 10-Year CDs
- 3/1 - PenFed Cuts CD Rates By 25 Basis Points (Forum)
- 2/2 - February 2011 Maturing CD's Bonus 25 Basis Points (Forum)
- 1/21 - Comparing the Best Long-Term Certificates of Deposit
- 1/11 - Malware on Laptop Caused Security Breach at PenFed
- 1/1 - PenFed CD Update for January
2010
- 12/30 - Important Note For Those Who Reserved CDs In The Penfed Watch It Grow CD Promotion (Forum)
- 12/5 - The Best CD Rates Available Nationwide: Comparing PenFed with Ally Bank
- 12/1 - PenFed Lowers CD Rates But Long-Term CD Rates Remain Competitive
- 11/11 - Why PenFed's 7-Year CD Is A Hot Deal (Forum)
- 11/1 - Long-Term CD Rates and Early Withdrawal Penalties - Updates and Concerns
- 10/11 - Comparing the Best Long-Term CD Rates and Early Withdrawal Penalties
- 9/29 - Ally Bank to Offer IRA CDs - How It Might Compare to Discover Bank and PenFed
- 9/28 - Update on PenFed's CD Reservation Promotion - New End Date
- 9/20 - Update on PenFed's CD Reservation Promotion
- 9/18 - PenFed Cutting Costs by Eliminating a Toll-Free Number (Forum)
- 9/1 - PenFed Lowers CD Rates But Some Rates Remain Competitive
- 8/29 - Comparing Long-Term CD Rates at Discover, Ally and PenFed
- 8/26 - Rate Leaders Cutting Long-Term CD Rates
- 8/19 - Select PenFed Members Can Reserve CDs with Yields from 3.50% to 5.00%
- 8/19 - New CD Rollover Promotion At Pentagon Federal Credit Union (Forum)
- 8/2 - PenFed's New 7-Year CD and IRA CD Rate - Available Nationwide
- 7/9 - Penfed Offers Remote Deposit To Members With Checking Accounts (Forum)
- 3/31 - CD Rates Fall at Pentagon Federal Credit Union (Forum)
- 3/23 - Pentagon FCU Adds Private Student Loan Program to Education Loan Portfolio (Forum)
- 3/3 - PenFed's New No-Fee Credit Card, the PenFed Promise Card (Forum)
- 2/1 - Penfed Keeps Its Competitive CD Rates into February (Forum)
- 1/24 - Joining PenFed When You Have a Credit Freeze (Forum)
- 1/20 - Wisdom of Long-Term CDs in Today's Rate Environment?
- 1/9 - Updates on Pentagon FCU's Rewards Credit Cards (Forum)
- 1/5 - Update on PenFed CDs and CD Rollovers
- 1/1 - Happy New Year! PenFed Raises CD Rates for January
2009
- 12/2 - Update on PenFed CDs for January - New and Rollover CDs
- 11/20 - Certificate and Credit Card Deals at Pentagon Federal Credit Union - Available Nationwide
- 10/18 - Update on ACH Transfers at PenFed and the Issue of Restrictive ACH Policies
- 9/20 - Tips for Those With Maturing CDs at PenFed and Other Credit Unions
- 9/1 - 4.00% 7-Year CD Continues But Other CD Rates Have Fallen at Pentagon FCU
See Rates for: Savings | Money Market | CD | IRA
Pentagon Federal Credit Union Savings Account Rates
Pentagon Federal Credit Union Money Market Rates
Pentagon Federal Credit Union CD Rates
Pentagon Federal Credit Union IRA Rates
| Apy | Min | Max | Product | |
| 2.76% | $1k | - | 7 Year IRA | |
| 2.76% | $25 | - | 7 Year Roth IRA | |
| 2.76% | $1k | - | 7 Year CESA | |
| 2.25% | $25 | - | 5 Year Roth IRA | |
| 2.25% | $1k | - | 5 Year IRA | |
| 2.25% | $1k | - | 5 Year CESA | |
| 2.00% | $25 | - | 4 Year Roth IRA | |
| 2.00% | $1k | - | 4 Year IRA | |
| 2.00% | $1k | - | 4 Year CESA | |
| 1.50% | $25 | - | 3 Year Roth IRA | |
| 1.50% | $1k | - | 3 Year IRA | |
| 1.50% | $1k | - | 3 Year CESA | |
| 1.25% | $25 | - | 2 Year Roth IRA | |
| 1.25% | $1k | - | 2 Year IRA | |
| 1.25% | $1k | - | 2 Year CESA | |
| 1.16% | $25 | - | 1 Year Roth IRA | |
| 1.16% | $1k | - | 1 Year IRA | |
| 1.16% | $1k | - | 1 Year CESA |
Data for Q3 2011
Institution Statistics
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Institution Health
Overall Score:
5 out of 5
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IMPORTANT CHANGE OF TERMS IN PENFED's YEAR-END CD SPECIAL
- KenMaxwell - Thursday, November 18, 2010 - 11:15 AMPENFED IS RUNNING A 10-YEAR, 5% APR CD & IRA CD SPECIAL FOR THOSE MEMBERS HAVING MATURING CDS IN OCTOBER. I RESERVED FUNDS FOR THIS OFFER AFTER HAVING ASKED SEVERAL QUESTIONS AND GETTING SATISFACTORY ANSWERS. THAT WAS A MONTH AGO; ALL IS NOT WELL IN RIVER CITY.
TODAY I RECEIVED A NEW MONEY MARKET AND IRA SHARE CERTIFICATE DISCLOSURE (FORM 687) FROM PENFED. UNDER THE SECTION TITLED EARLY REDEMPTION PENALTIES, KEY LANGUAGE HAS BEEN STRUCK FROM THEIR PREVIOUS DISCLOSURE (FORM 686). UNDER SECTION h.4c, THE WORDS :"IF THE OWNER HAS REACHED THE AGE OF 59 1/2" IS STRUCK FROM THE NEW DISCLOSURE. THIS MEANS THAT ALL EARLY WITHDRAWALS FROM PENFED IRA CDS WILL BE FULLY PENALIZED UNLESS THE CERTIFICATE OWNER IS FULLY DISABLED.
WOW! THE ANSWERS I GOT A MONTH AGO ARE INVALID. THE ONE YEAR'S INTEREST PENALTY FOR EARLY WITHDRAWAL SEEMS EXCESSIVE. I PLAN TO STOP THE PURCHASE OF THIS CD IN ITS TRACKS UNLESS I GET SOME BETTER ANSWERS.
Penfed And Its Credit Card
- outtempster - Wednesday, June 16, 2010 - 1:55 PMI opened a CD with PenFed a while ago which gave me good returns. I am happy with their customer service too. Unfortunately the rate has come down a lot, and it's not that attractive except the 7 year CD which is 3.51%APY. However, you do need to consider whether or not the CD rate will shoot up later.
I like their visa credit card very much. Frist of all, VISA is accept almost everywhere except the places that doesn't accept any credit card. It rolled back to 1% on all purchases (planned roll back), but it still has 2% on grocery and 5% on gas. The cash return is credited to your credit card every month, instead of waiting for it to accumulate to $50 or $25.
10 Year CD @ 5% Offered In Oct 2010
- grnbsh - Sunday, February 20, 2011 - 9:18 PMMy three year old CD matured in October 2010, so I rolled it over to a ten year CD at 5%, with the special offer they had. Can't beat that rate. The bank is very friendly and helpful, and it was easy to join it even though I'm not in the military, nor in Washington D.C.
I do believe that I found their great rates back in 2007, right here at Deposits Accounts, because Bank Rates doesn't offer the great rates available from Credit Unions.
Rude Customer Service
- NoName - Friday, January 13, 2012 - 5:12 PMI have a visa credit card with Penfed. They have cancelled and replaced my credit card numerous times without giving me a reason. As a result, I do not receive my statements and I could not pay my bill on time. Instead of apologizing and giving me a reason for the replacement, they refuse to tell me why and charged me interest. Their customer service is horrible. People that work there are rude and inconsiderate. While their products are good, their services are the worst.
Penfed Takes Too Long To Process IRA Transfer Paperwork
- mikeH - Tuesday, November 1, 2011 - 3:32 PMI called them to find out about the transfer of my IRA account to another bank. They received the paperwork from my bank, but, told me that they were "running a little behind" and that it would take 4-7 BUSINESS days to get the check IN THE MAIL to my new bank. I asked if I could have the funds wired. They said no. I am very unhappy with their procedures on this matter. I am collecting almost no interest in their IRA money market account as I wait because they are "running a little behind".
An Excellent Credit Union
- LbCub - Saturday, March 5, 2011 - 8:00 AMI have been with Pentagon Federal Credit Union for several years. They've satisfied my banking needs and the customer service is truly great.
Penfed = No-Hassle Cashback Reward CC
- wahs - Friday, June 18, 2010 - 3:02 PMPenFed's Platinum CashBack Reward credit card is the primary credit card I've been using after Citibank changed their term on their cashback reward credit card. The cashback is credited to you each month with no hassle, unlike Citibank's $50 minimum requirement.
I turned to PenFed after a careful search and based on positive reviews. The application process was short and simple. The only drawback to me was I only eligible to the membership through National Military Family Association, which meant extra fee. If you are eligible through one of the other 6 methods, you should be able to give PenFed a 5 star.
Additionally, if you have reasonable credit score and need a load, PenFed offers many low interest options. It is a one-stop shopping place, I would say.
Average User Rating:






Mail-In Deposit Issues
I am AGAIN having issues with PenFed concerning deposits that I mailed to them. They have been really very slow to post my deposits in the past and this time it is 13 days from when I mailed to a branch 200 miles away and still not posted to my account. I could have driven there in 3 hours. Does not seem to concern them too much --I emailed to report a possible security issue and no responxe to that. Mail sent 1500 miles away the same day has been received several days ago.
Pen Fed will not confirm after 3 requests that the address I mailed to listed on their website is valid for mail deposits.
Very bad customer service on this matter.
anyone else have this problem ?
Chances that it is a postal issue is highly unlikely --- I have NEVER not had any mail not get to where I sent it.