0.45% APY
Earn 0.45% APY* on your savings. Not a problem, anyone can join. Apply now and we’ll create your membership during this application. Why Penfed?

Can civilians use PenFed?

ELIGIBILITY PenFed membership is open to everyone, including you.

Is PenFed private or federal?

Remember to do your research to make an informed decision for you and your family. PenFed is federally insured by NCUA.

What credit score does PenFed use?

The PenFed site uses FICO’s NextGen score, which produces scores between 150-950 points. This is different from the other FICO modeling, which uses scores between 300-850. There are also various other credit scores out there, and they each have little differences.

Which is better PenFed or Navy Federal?

They both have excellent customer service and have great programs and products. NFCU is more generous with credit limits. PENFED has lower rates. Those are the only differences.

Who qualifies for PenFed?

Who Is Eligible to Join PenFed? PenFed membership is available to current or prior servicemembers and government employees (Department of Defense, Department of Homeland Security, National Oceanic and Atmospheric Administration, and the U.S. Public Health Service), or family members of both groups.

Is PenFed better than Navy Federal?

How do you qualify for PenFed?

PenFed Membership Eligibility Requirements:

1. Must be able to fund a savings account with at least $5.
2. Must be a U.S. citizen or permanent U.S. resident.
3. Must have a government-issued photo I.D.
4. Must be at least 18 years old.

What do you need to know about PenFed savings account?

Premium Online Savings account holders must agree to electronic delivery of account opening disclosures and monthly statements. Why PenFed? We offer rates that are consistently competitive.** **Data sourced directly from each lender listed: navyfederal.org, usaa.com, bankofamerica.com, and wellsfargo.com, and are current as of October 1, 2019.

How to get the latest version of penfed.org?

To get the latest that the new PenFed.org site has to offer, use one of the recommended Web browsers and operating systems listing below to make your online experience safe and secure. You can update to the latest browser version by using these links:

How to protect your identity with PenFed credit union?

Strategies for protecting your identity and your online security including how to detect phishing attempts and action to take if your data is compromised. Save more with PenFed’s online high yield savings account, offering high online deposit rates with free online transfers. Find the best rates on auto loans with PenFed Car Buying Service.

What can PenFed wealth management do for You?

Whether you’re planning for your retirement, saving for college tuition, supplementing your current income, or saving to buy a home, PenFed Wealth Management, with investment products and services available through CUNA Brokerage Services, Inc.,* can provide strategies for all your wealth management and insurance needs.