Pentagon Federal Credit Union (PenFed) is offering CD rates that are some of the best rates from a credit union or bank. Investing in certificates of deposit at PenFed is safe. PenFed was federally chartered in 1935 and has over $13 billion in assets.

Accounts are insured for up to $250,000 by the National Credit Union Administration (NCUA) which is an independent federal agency that charters and supervises federal credit unions throughout the United States and its territories. The NCUA also has the full backing of the U.S. government.

Money Market Certificates from PenFed

• 6-Month CD 1.00% APY
• 1-Year CD 1.25% APY
• 2-Year CD 1.75% APY
• 3-Year CD 3.00% APY
• 4-Year CD 3.25% APY
• 5-Year CD 3.50% APY
• 7-Year CD 3.75% APY

As with any credit union, you have to join PenFed to open a certificate of deposit account. You first determine your eligibility with PenFed, then you open a “Regular Share Account” with at least $5.00.

For more information on joining PenFed visit: PenFed How to Join.