Your blog sates that : "The third point about PenFed CDs is that they do not allow partial early withdrawals (except for IRA CDs)" That would seem to be incorrect. The PenFed representative I spoke with said that the rates and the penalties for early withdrawal are the same for regular CDs and for IRA CDs.



Benefits
- Dividends are compounded daily and paid monthly for maximum returns
- Contributions are tax deductable
- Partial withdrawals from IRA certificate or qualified distributions without an early redemption penalty

I spoke to a Supervisor at Penfed today and was told Penfed does not put the Joint Owner's name on the interest checks and she has no idea why not. Can anyone tell me if they have a Joint owner on any of their CDs and if they are seeing both names on the checks? Everything I read states Joint Owners both have full access to the CDs and the money but evidently Penfed considers "full access" differently than other institutions do. We have joint accounts with many banks, cus, and brokerages, and everything they send us is in "both" of our names. She confirmed he is Joint on all the CDs but says this is the way Penfed does the interest checks. She is going to try to research it further and call me back next week to see if anything can be done so he can have access to the interest checks also. If I were to get sick, he could not just sign the checks and get them cashed since his name is nowheres on them. Any help or information you can give me will be greatly appreciated so I can understand what is going on with Penfed. Thanks!