A credit union is a cooperative financial institution, which is owned and controlled by the people who use its services. Its primary motive is to help its members with their financial needs. Pentagon Federal Credit Union founded in 1935 is one of the oldest and safest credit unions. It has a strong base with more than $10 billion in assets and over 740,000 members. Its members are spread worldwide in security departments like Air Force, Army, Coast Guard, Department of Homeland Security, Department of Defense, defense-related companies, and the Veterans of Foreign Wars. It offers many savings schemes and loan services to its members. You can avail the opportunity of earning nationally competitive dividends on your money by purchasing a Money Market Certificate from Pentagon Federal Credit Union.
– With a minimum deposit of $1,000 locked in for a period of 6 months will be having a dividend rate* of 3.82% with an APY of 3.85%.
– With a minimum deposit of $1,000 locked in for a period of 1 year will be having a dividend rate* of 4.24% with an APY of 4.33%.
– With a minimum deposit of $1,000 locked in for a period of 2 years will be having a dividend rate* of 4.41% with an APY of 4.50%.
– With a minimum deposit of $1,000 locked in for a period of 3 years will be having a dividend rate* of 4.65% with an APY of 4.75%.
– With a minimum deposit of $1,000 locked in for a period of 4 years will be having a dividend rate* of 4.64% with an APY of 4.75%.
– With a minimum deposit of $1,000 locked in for a period of 5 years will be having a dividend rate* of 4.84% with an APY of 4.95%.
– With a minimum deposit of $1,000 locked in for a period of 7 years will be having a dividend rate* of 4.84% with an APY of 4.95%.
Once you purchase the Money Market Certificate, the rates will be locked for the term of your certificate. The dividends on all the certificates (having a term period of more than 6 months) are compounded daily, ensuring you the maximum returns. Certificates valid for 6 months would earn interest on a simple interest basis. You have the flexibility of taking the dividends either monthly or at maturity. The dividends can be added to your certificate, or transferred to your Regular Share, Checking, or Money Market Savings Account (MMSA) or sent to you in the form of a check. Your savings are federally insured up to $100,000 by the National Credit Union Administration (NCUA).
On purchasing the certificate you can take the advantage of higher yields, federal insurance, automatic renewal, and convenient dividend and maturity. You would like to check your membership eligibility on this page <https://www.penfed.org/membershipApplication/eligibility/controller.asp?start=eligibility> and apply for its membership today!
*These rates are accurate as on 13-11-07.
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