If you’re looking for a new savings account available nationwide, PenFed Credit Union Online Savings is offering you 0.50% APY on your funds.
Below is all the information you need to earn 0.50% APY Rate on your funds when you open a PenFed Credit Union Online Savings Account.
In addition to the current rate from PenFed Credit Union, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA or CIT Bank.
PenFed Credit Union Online Savings
Here is your opportunity to earn a great interest rate APY on your funds. Open a new account and start earning interest and get started today!
- Rate Offer: 0.50% APY Rate
- Availability: Nationwide
- Credit Inquiry: Unknown
- Credit Funding: $100
- Minimum Balance: $5
- Maximum Balance: $250,000
- Monthly Fee: None
- Early Termination Fee: None listed
Application Link
PenFed Credit Union Online Savings Account: If this account appeals to you and you qualify, apply today!
Savings rate can change quite often. With that said, you can take advantage of the best nationwide savings rates here as well as the best savings account bonuses. I would recommend the UFB Direct High Yield Savings and the CIT Bank Savings Builder accounts as they offer exceptional industry leading rates available nationwide. The Aspiration account has a nice sign-up bonus. |
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| PROMOTION LINK | OFFER | OFFER |
| Discover® Online Savings Account | 0.40% APY + $200 Cash | Review |
| Aspiration | 1.00% APY + $100 Cash | Review |
| Quontic Bank High Yield Savings | 0.55% APY | Review |
| CIT Bank Money Market | 0.45% APY | Review |
| CIT Bank Savings Builder | 0.40% APY | Review |
Account Rates
| Balance | APY |
| $5 – $250,000 | 0.50% APY |
PenFed Credit Union Account Benefits
- No monthly fees
- Free online transfers
- Very competitive rate
- Higher APY because they are a not-for-profit, they are able to offer higher yields
- NCUA insurance up to the maximum of $250,000 allowed by law
Author’s Verdict
We’ve all heard of PenFed Credit Union so you know this is a reputable bank. Let us know if you have any info regarding if this account incurs a hard or soft pull. If you’re unfamiliar with what hard pull and soft pulls are and how it can affect you, see our hard pull vs soft pull post here.
If you happen to know whether this account incurs a hard/soft pull, please let us know. Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| Citi Priority Account | Up to $1,500 Cash Bonus with required activities. | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| Chase Total Checking® | $225 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
| Huntington 25 Checking | $300 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| TD Bank Beyond CheckingSM | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| SoFi Money | $100 Cash | Review |
| Discover Bank Cashback Debit | $360 Debit Cashback | Review |
| Citigold Account | Up To $1500 Cash Bonus with required activities. | Review |
| PNC Bank Virtual Wallet | Up to $300 Cash | Review |
| PNC Bank Virtual Wallet Pro | Up to $200 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Axos Business Savings | $100 Cash | Review |
| Aspiration Spend & Save | $150 Cash | Review |
