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New CD Rollover Promotion At Pentagon Federal Credit Union

Thursday, August 19, 2010 - 8:24 AMPentagon Federal Credit Union - Details
I don't yet have the details, but a commenter mentioned the following in this PenFed post:
New cd Rollover, reserve an account for jan 2011. 5% apy for 10 years

This is the first time I've seen a 10-year CD at PenFed.

If it's like the last rollover special, it may not be easy for all PenFed CD holders to participate. If you are able to get more details, please leave a comment in this thread. Thanks!
4
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,688
1. Thursday, August 19, 2010 - 7:11 PM
This is what I recieved yesterday from Penfed ,As I have a CD maturing in oct.

"Patience Pays- hold off opening your new cert. until jan 2011 and Penfed will guarantee you our highest apy !"

Total certificate promotion amount: $240,000,000.00

 

Reservation Period: 8/16/2010 - 10/31/2010 or until the promotion amount is depleted

Certificate Funding Period: 1/1/2011 - 1/31/2011

 

Total funds available as of 08/19/2010 8:09:53 PM Eastern: 

$238,009,753.93



 

5 year pays 3.5% apy

7 year pays 4.25% apy

10 year pays 5% apy
1
plowkingplowking20 posts since
Aug 19, 2010
Rep Points: 57
2. Friday, August 20, 2010 - 6:44 AM
I also received the PenFed renewal offer in the mail yesterday on my CD due to mature in October.  The enclosure states "This is a special test offer to a select portion of our membership only."  Wow - My lucky week - selected by PerkStreet & PenFed for special limited offers!  (SEE MY POST ON FEATURED DEALS for 3% CASH REWARD on ALL PURCHASES with PERKSTREET debit card!)   Instructions for the PenFed CD are:   1) Your maturing certificate must be set to close at Maturity. 2) Long onto PenFed & click "Maturity Certificate Options" for this certificate 3) Select the option to "Close at Maturity" & have proceeds deposited into a PenFed savings or checking account. 4) Click on the "Certificate Promo Reservations" button & follow the prompts to order your Jan 2011 high-yield certificate. 5) Ensure the January 2011 opening funds are in the designated PenFed account 48 hours prior to selected open date. 6) Relax & watch your savings grow! The 10 year certificate option is so new that their disclosure doesn't mention the penalty on 10 year early withdrawals.  The 5 year has a 6-month penalty and the 7 year has a 1-year penalty.
1
mbregmanmbregman6 posts since
Aug 19, 2010
Rep Points: 12
3. Friday, August 20, 2010 - 8:12 AM
I just did this blog post on this offer.
1
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,688
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