PEN FED Do Better
- Switch to PenFed and put your money to work
- Earn points by making purchases with your PenFed Visa Card
- Finance a new or used car through PenFed
Since 1935, Pentagon Federal Credit Union has been offering their customers an ideal alternative to traditional financial institutions. Those who have switched over to PenFed have enjoyed a great number of benefits, from low APYs on checking accounts to rewards and incentives for shopping with PenFed’s signature Visa card. For example, those who qualify for one of these cards will be able to earn points a variety of ways. It’s possible to earn five times the points for fueling up at the pump, and purchasing groceries nets three times the rewards points. All other purchases earn at least some amount of points. That means cardholders can rest easy knowing that it’s only a matter of time before they can redeem these points for great rewards.
Other great features on offer from PenFed
- Car refinancing rates as low as 1.49% APR
- Access to 50,000 ATMs that don’t charge a dime
- Online bill payments and account management
- Overdraft protection
- Deposit checks right from your handheld device
Those who open a checking or savings account with PenFed can earn dividends. To qualify, account holders must maintain a minimum daily balance of up to $50,000, as well as a $1,000 or more direct deposits per payment cycle. If this criteria is met, account holders will earn 0.20% APY, if the daily balance is less than $20,000. For daily balances of $20,000 up to $50,000, that account will earn a 0.50% APY. But there’s no need to have deep pockets to bank with PenFed; you can open a checking account for as little as $25.