Featured Savings Rates
Featured Accounts

Ken Tumin
Ken Tumin   |     |   5,947 posts since 2009
Thanks for the update.

Refer to our PenFed CD rates page to see the current rates and how the rates have changed.
Shorebreak   |     |   4,118 posts since 2010
I believe that to be the lowest yields offered on Money Market Certificates by PenFed I've ever seen. Evidently the credit union is so flush with funds on deposit that they can cut deposit rates offered to the bone. Additionally, the loan demand may not warrant raising rates to attract new funds. Suffice it to say that my certificate that matures in a couple of weeks at PenFed will not be renewed at that institution.

The only problem I see is that some of the other large credit unions that cater to the military community may cut their rates also. I'm watching the likes of Navy Federal CU and Randolph- Brooks Federal CU (RBFCU) for any response to the PenFed drastic rate cuts.