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Founded in 1935, PenFed is a federal credit union that draws its members from the general population. At one time, military affiliation was required, but this is no longer the case. The company offers many personal banking products, such as high-yield savings accounts, checking accounts, car loans, and mortgages.
- No monthly maintenance fees
- $5 minimum opening balance
- Dividends compounded monthly
- Free online transfers
- Deposits up to $250,000 insured by the NCUA
Latest PenFed Savings Account Reviews
I have been a member of Pentagon Federal Credit Union (PFCU) since 1982 and they have always provided superb service. I have “NEVER” had any problems with my accounts. I am a PFCU member for life!!!