Wednesday, February 2, 2011 - 3:50 PMPentagon Federal Credit Union
I received a notice from PFCU with a redemption notice pertaining to a February 2010 CD that if I wanted to roll it over for either 5 or 7 years they would add 25 basis points to the renewal interest rate. (example 7 year CD would be 3.25% on renewal). Not sure if this information has been seen or not.
8 posts since
Jun 27, 2010
Rep Points: 63
1. Wednesday, February 2, 2011 - 4:22 PM
I do not have any maturing CD's at this time at Pentagon, but I was noticing that this post applies to only some states. I find that disheartening if true.
932 posts since
Jan 16, 2010
Rep Points: 2,710
2. Wednesday, February 2, 2011 - 7:28 PM
You have to specify the share certificate will automatically renew to the 5 or 7 year period. This has to be done either on-line or by phone so it's in place ahead of the maturity date. The PenFed CSR advised don't wait until the last minute because the offer may be withdrawn at any time.
2,675 posts since
Apr 6, 2010
Rep Points: 14,527
3. Friday, February 4, 2011 - 7:14 AM
I received the same notice for my CD that matured in January. I live in OH, so I don't see it being state specific.
13 posts since
Sep 8, 2010
Rep Points: 37