Pentagon Federal Credit Union's 12-Month CD rates are at 3.65%, 24-Month CD rates are at 3.55%, 36-Month CD rates are at 3.40%, 60-Month CD rates are at 3.20%, 48-Month CD rates are at 3.20%. Pentagon Federal Credit Union's savings rates are at 2.90%.
Compare Pentagon Federal Credit Union CD rates to other credit union and bank CD rates by searching our comprehensive rate tables. You can do side-by-side comparisons of Pentagon Federal Credit Union savings rates, CD rates and money market rates, with rates from other banks and credit unions below. You can also compare loan rates, including mortgage rates, personal loan rates and credit card rates.
Pentagon Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best CD rates or other rates available. Have you opened an account or have any experiences at Pentagon Federal Credit Union? Share your experience about Pentagon Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Pentagon Federal Credit Union.
Overall, Pentagon Federal Credit Union is an excellent credit union worth considering, with an overall rating of 5 stars out of 5 stars.
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.
Compare Pentagon Federal Credit Union Mortgage Rates with Lenders Rates for Fixed and Adjustable Mortgages
Abound Federal Credit Union
15-Year Fixed Jumbo
5.500%
5.526%
0.000
North Carolina Press Association Federal Credit Union
The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.
Compare Pentagon Federal Credit Union Credit Cards with Other Competitive Bank and Credit Union Credit Cards
Mountain America Federal Credit Union
Low Rate Credit Card
13.240%
Mountain America Federal Credit Union
Cash Back Credit Card
17.740%
Automatically get 1.5% cash back on all purchases with no fuss
705 Federal Credit Union
VISA Credit Card
7.900% - 15.900%
Maximum credit card amount offered is $10,000 with a 36-month term.
1st Valley Credit Union
Platinum Visa
8.750%
America First Federal Credit Union
CLASSIC REWARDS VISA
18.000%
Acme Continental Credit Union
Acme Visa Credit Card
9.990% - 18.000%
680 and above rate = 9.90% with Score Card points or 8.80% with No points.
640-679 rate = 10.80%.
600-639 rate = 12.84%.
599 and below rate = 18.00%.
LMCU Lake Michigan Credit Union
Prime Platinum Visa Credit Card
11.500%
University First Federal Credit Union
Visa Secure Card
13.740%
Abbott Laboratories Credit Union
Student Select Visa
17.200%
Introductory rate of 0% APR for the first twelve months on balance transfers and cash purchases.
ACFCU
Platinum Card Visa
18.240% - 29.240%
Platinum: 0% introductory APR for the first 18 billing cycles. After that, 18.24% to 29.24% based on your creditworthiness when you open your account.
America First Federal Credit Union
SIGNATURE 1.5% CASH BACK VISA
18.000%
Unlimited 1.5% Cash Back Signature Card
Aberdeen Proving Ground FCU
Visa Platinum Preferred Rewards
15.740% - 17.990%
Academic Federal Credit Union
Academic VISA® Platinum
10.900%
Teachers Federal Credit Union
Visa Low Rate
14.000%
Academic Federal Credit Union
Academic FCU VISA® Secured Card
10.900% - 15.400%
No annual fee, no cash advance fee, rewards program.
1st Northern California Credit Union
Visa Classic
11.900%
Acadian Federal Credit Union
Acadian CU Visa Classic
9.200%
9.20% APR for purchases, balance transfers and cash advances.
Aberdeen Proving Ground FCU
Visa Cash Back
16.490% - 17.990%
Acipco Federal Credit Union
Visa Credit Card
9.990%
Abri Credit Union
Platinum Rewards Visa
15.400% - 24.400%
Earn 1 point for every purchase dollar spent. 12 Month Balance Transfer Rate 0%
1st MidAmerica Credit Union
Platinum
8.900%
Marcus Bank
GM Extended Family™ Mastercard®
20.240% - 29.990%
0% Intro purchase APR for first 9 months
Abbott Laboratories Credit Union
Student Select Rewards Visa
17.200%
Introductory rate of 0% APR for the first twelve months on balance transfers and cash purchases.
The credit card rates presented are solely intended for informational use. Please consult the mentioned institutions for up-to-date credit card rates. The actual credit card rates and other loan conditions depend on the institution's approval and are not guaranteed.
Compare Pentagon Federal Credit Union Personal Loans with Other Competitive Bank and Credit Union Personal Loans
The personal loan rates presented are solely intended for informational use. Please consult the mentioned institutions for up-to-date personal loan rates. The actual personal loan rates and other loan conditions depend on the institution's approval and are not guaranteed.
Pentagon Federal Credit Union (PenFed) CD rates are in the top 5 CD rates available on our rate table. Current 1 year CD rates at Pentagon Federal Credit Union are at 2.76 percent with an APY of 2.80 percent. 6 month CD rates from PenFed are the highest on our 6 month rate list at 2.39 percent with an APY of 2.40 percent. You have to be a member to open an account and the minimum opening balance is $1,000. Compare Pentagon Federal Credit Union CD rates with other rates here. Read more...
We just reached a new milestone for 12 Month CD rates in 2017 as rates continue to inch higher. Crestmark Bank is now offering 12 Month CD rates at 1.80 percent. Just about two months ago, we reported a new high for 1 year CD rates at 1.70 percent. That new high was also from CrestMark Bank. You can read about that post Crestmark Bank Best Rate 1.70%.The uptrend for CD rates will continue for the rest of this year and into at least 2018 and it may last even longer if the economy doesn't fall into a recession. The Federal Open Market Committee meets this month and will more than likely increase the fed funds rate by 25 basis points.Another fed funds rate increase will put additional upward pressure on short term interest rates. 1 year CD rates could therefore hit 1.90 percent this month and 2.00 percent sometime early in 2018. Back in early October, we forecast 1 year CD rates hitting 2.00 percent as a result of another fed funds rate increase. Read more...
The top CD rates continue to move higher as the best 2 year CD rate hits 1.70 percent this week. 2 year CD rates at Connexus Credit Union take the top spot this week at 1.69 percent with a yield of 1.70 percent. Connexus has the best rate this week but two banks are right on the credit union's tail.
Northern Bank Direct, EverBank, and Popular Direct have the second best 2 year rate this week at 1.64 percent with a yield of 1.65 percent. We have another three-way tie for third place, My e-BAnC by BAC Florida Bank, TAB Bank, and VirtualBank all have a current 2 year rate of 1.61 percent with a yield of 1.62 percent.
Not only are the top rates moving higher this week, average 2 year CD rates are also higher. The current average 2 year CD rate is at 1.50 percent, up from last week's average 2 year rate of 1.47 percent. Listed below are the top ten 2 year CD rates for the week ending April 15, 2017.
Best 2 Year CD Rates
Connexus CU - Rate 1.69% Yield 1.70%
Northern Bank Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
Popular Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
TAB Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
My e-BAnC by BAC Florida Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
VirtualBank - Rate 1.60% Yield 1.61% (tied for 3rd place)
Banesco USA - Rate 1.60% Yield 1.60%
Capital One Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
Synchrony Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
M.Y. Safra Bank, FSB - Rate 1.59% Yield 1.60% (tied for 5th place)
iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
Congressional Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
First Internet Bank of Indiana - Rate 1.56% Yield 1.57%
CD Bank - Rate 1.55% Yield 1.56%
Nationwide Bank - Rate 1.50% Yield 1.51% (tied for 8th place)
Pentagon Federal Credit Union - Rate 1.50% Yield 1.51% (tied for 8th place)
CD rates are slowly inching higher and will continue to move higher in the coming months. A more immediate impact that will force CD rates higher is the Federal Open Market Committee increasing rates. The FOMC meets this week to decide on monetary policy and is widely expected to increase the fed funds rate by 25 basis points.
The CME Group's FedWatch Tool has a 97.2 percent probability that the Fed will increase the rate to a range of 0.50 percent to 0.75 percent. The last time the Fed increase the rate was December 2015 when the rate was increased to a range of 0.25 percent to 0.50 percent.
Several banks already increased CD rates on short term certificates of deposit recently, likely in anticipation of a Fed rate hike. The highest CD rates on 1 year certificates of deposit are approaching 1.50 percent and may hit 1.50 percent after the expected rate hike.
Eight banks and one credit union in our database changed some of their CD rates this past week. Most of the CD rate changes were higher, which was nice to see. EverBank CD rates were changed more than once this past week, the most recent changes are at the top of the rate list below.
There is some good news regarding bank CD rates possibly moving higher in the near future. Despite September's employment numbers being slightly weaker than expected, CNBC reported the probability of a fed rate hike moved higher this morning. CNBC is basing their report on the CME Group's FedWatch Tool. The tool is used to track the market's expectation of a rate hike. Before the employment report, the probability of a December rate hike was at 63.9 percent. After Friday's report was released, it moved up to 70.2 percent.
If there is a December rate hike, it will most likely be 25 basis points. This hike might entice banks to increase their short term and intermediate term CD rates. If there is a rate hike, we won't see all banks and credit union increase their CD rates. It's likely that some online banks with the highest current CD rates will increase their rates.
Bond yields across the globe have tumbled since U.K. voters voted yes to leave the European Union. Yields on German and Japanese bonds are negative, so investors are paying to hold those bonds instead of receiving interest. This week, long term U.S. bonds hit new record lows. 30 year yields have fallen to 2.09 percent and 10 year yields fell to 1.34 percent.
While there isn't a direct link between bond yields and CD rates, banks are taking a cue from lower bond yields to lower CD rates and other deposit rates. The majority of recent CD rate changes have been lower. Another factor that will keep downward pressure on deposit rates is the Fed deciding to not increase the fed funds rate.
The U.K. vote to leave the European Union has created so much uncertainty, it's very unlikely the Fed will increase the fed funds rate anytime in 2016. This is bad news for savers because there is a direct correlation between the fed funds rate and deposit rates.
Several banks and one credit union made changes to the CD rates they offer. The CD rate changes are listed below. You can see a list of rates from many banks and credit unions at MonitorBankRates.com.
We now have six banks tied for the top 1 year CD rate. Several banks increased their CD rates recently as we wait for the Fed to increase rates, possibly as soon as next week.California First National Bank was the highest bank rate last week but now CFNB's 1 year rate is tied with 6 other banks for the top rate of 1.24. The highest 1 year rate from a credit union in the rate database is slightly higher at 1.32 percent with an APY of 1.33 percent.Listed below are CD rate changes from this past week. Read more...
There is a new top rate in our 1 year CD rate database. Connexus Credit Union is now offering 1 year certificate rates at 1.32 percent with an APY of 1.33 percent. As with any credit union, you are required to join Connexus CU to open a certificate account and you must meet eligibility requirements or to make a one-time $5 donation to Connexus Association, which will in turn make you a member of the credit union.
If you're not eligible or you don't want to join Connexus, there are two online banks in our database offering 1 year rates only 3 basis points lower than Connexus' rate. CIT Bank and E-Loan are both offering 1 year rates at 1.29 percent with an APY of 1.30 percent.
Listed below are the highest 1 year CD rates for October 28, 2015.
The Federal Open Market Committee meets in just over a week to decide on interest rates. August job's report, released last Friday, showed the labor market continuing to improve, adding pressure to the Fed to increase the fed funds rates.Whether or not the FOMC actually increases the fed funds rate is still up in the air. We hope the fed funds rate is increased 0.25 percent, so banks with the best rates will also increase their rates 0.25 percent. A few banks did change their rates this past week but there are no new high rates to report.The changes in rates are listed below along with the best CD rates currently available. Read more...
A couple of banks increased their CD rates this past week. California First National Bank increased their 6 month CD rate from 0.85 percent to 0.95 percent, putting them in second place in our 6 month rate database. CIT Bank increased their 2 year CD rate from 1.35 percent to 1.40 percent.These increases were small and we won't see any major increases in deposit rates until the Federal Open Market Committee increases their key benchmark interest rate. There is a slight chance the FOMC might increase the rate during their June meeting (June 16th and 17th).If a rate increase doesn't happen this month, July will be the next target for an increase. The FOMC will meet again on July 28th and July 29th to discuss monetary policy. May and June's employment reports will be driving factors on whether or not the rate is increased. Read more...
By now you must have heard the news that the Federal Reserve will increase their key-benchmark interest rate in 2015. When the federal funds rate is increased, CD rates and other bank rates will also increase. Higher rates is good news but you should position your CD investments for higher rates.If you have any certificate of deposit accounts maturing over the next 6 months you should invest in shorter term CDs. This is especially true for long term CD accounts maturing, most banks will automatically roll over your CD into another long term CD.So pay attention to the maturity dates, the last thing you want to do is lock into another 5 year CD at 2.50 percent. You'll have to either watch rates move above the low rate you locked-in or pay an early withdrawal penalty. By the end of 2015, or by early 2016, 1 year CD rates will probably be at 2.50 percent. Read more...
Listed below are this week's CD rates for certificate of deposit terms ranging between 1 month and 5 years. There have been slight functions in rates offered by banks and credit unions this week. We will have to wait until the FOMC increases the fed funds rate for bigger changes in rates. Also listed below are this week's average CD rates, derived from the CD rate database.
Synchrony Bank is the latest bank to increase certificate of deposit rates before the expected 2015 fed funds rate increase by the Federal Reserve. Synchrony Bank has increased their 1 year CD rate to 1.19 percent with an APY of 1.20 percent. This rate is now the highest 1 year rate from a bank in our database.You can find a list of 1 year rates here: Best CD RatesBank Direct had the top 1 year rate for over a month at 1.16 percent with an APY of 1.17 percent. The highest 1 year rate in our database offered by a credit union is even higher at 1.30 percent with an APY of 1.30 percent. Connexus Credit Union is offering that top overall 1 year rate. Read more...
As equity markets tank and oil continues to drop, rates on certificates of deposit are stable in 2015. The uncertainty in the markets is driving the classic investor flight to quality as investors rush to buy U.S. Treasuries, forcing yields lower. 10 year bond yields are under 2.00 percent and traded as low as 1.89 percent today. Last month 10 year bond yields were as high as 2.25 percent.CD rates on 1 year certificates of deposit are averaging 0.99 percent this week, unchanged from last week's average 1 year CD rate. The average rate on 1 year CDs has been in the current range for the past 6 months. The best CD rates on 1 year CDs has increased about 15 basis points during that time. The best 1 year rate this week in the rate database remains at 1.16 percent with an APY of 1.17 percent.2 year certificate of deposit rates are averaging 1.20 percent this week, also unchanged from last week's average 2 year rate. The highest 2 year rate available in the database is at 1.39 percent with an APY of 1.40 percent. 2 year rates have also increased the past 6 months as banks and credit unions look to lock in deposits at these current low rates. Read more...
Average 5 year certificate of deposit rates increased to 1.83 percent, up 1 basis point from last week's average rate. The current average 1 year rate is at 0.99 percent and the average 2 year rate is at 1.20 percent. The best 1, 2 and 5 year rates on our rate tables also remained unchanged this week. You can view a list of the best CD rates below.2015 is the year that rates overall will finally be moving higher after a six years of declining rates. Before there are across the board increases, the Federal Reserve has to increase the federal funds rate. Forecasts for exactly when the Fed will increase the rate in 2015 varies but as the year progresses it will be more and more likely.The rate will most likely be increased sometime during the first 6 months of this year. It's most likely to be right after the Federal Open Market Committee's meeting scheduled for June 16 and 17. If growth remains strong, unemployment drops much further or if inflation becomes a concern, the rate could be increased as soon as the April meeting. Read more...
Banks are gearing up for a higher federal funds rate in 2015 by increasing certificate of deposit rates now. We have been reporting on the increase in CD rates the past several months as banks slowly upped their rates. The increases are nominal and will continue to be so until the fed funds rate is increased.The best 1 year certificate of deposit rate this week remains the same at 1.16 percent with an APY of 1.17 percent from Bank Direct. More banks have increased their rates but a new high hasn't been made on the 1 year certificate of deposit rate list this week.Sallie Mae Bank recently increased their 1 year certificate of deposit rate to 1.14 percent with an APY of 1.15 percent. That rate ties them for the second best rate with CIT Bank and My e-BAnC by BAC Florida Bank. Pentagon Federal Credit Union also recently increased their 1 year certificate rate to 1.10 percent with an APY of 1.11 percent. Read more...
U.S. consumer inflation fell by the largest amount in 6 years but that won't change the Federal Reserve's timeline for increasing interest rates. This is good news for certificate of deposit rates and other bank rates, which are expected to move higher sometime in 2015.The Labor Department reported on Wednesday that its Consumer Price Index (CPI) fell 0.3 percent in November, the largest decline since December 2008. The biggest factor in the decline in the CPI was lower gas prices. Removing food and energy prices from the index, the core CPI edged up 0.1 percent in November. The past 12 months through November, the core CPI rose 1.7 percent, remaining below the Federal Reserve's long term target of 2.00 percent.The Federal Open Market Committee wraps up their two day meeting today but there is no chance they will announce a change in interest rates. They are expected to remove their language of keeping interest rates low for a "considerable time." This is the final change that will probably take place before they increase the federal funds rate. Read more...
Banks and credit unions continue to increase certificate of deposit rates this past week. Once again, the rate increases are small since any larger increases will have to wait until the Federal Open Market Committee increases the federal funds rate. The FOMC's next meeting is scheduled for December 16 and 17.There is talk that the FOMC might drop the "considerable time" language on keeping interest rates low. Since the financial crisis and recession 6 years ago, the FOMC has used the language to send signals to the markets that they were in no hurry to increase the federal funds rate.Omitting the language is the last step the FOMC will take before actually increasing the fed funds rate. When the fed funds rate is increased, financial institutions will quickly increase deposit account rates. The FOMC is expected to increase the rate sometime in 2015. The soonest the rate will increase will likely be during the June meeting and the latest the rate will be increased is in the December meeting. Read more...
CD rates are on the move again this week as banks and credit unions increase rates. Higher CD rates have driven average 1 year CD rates above 1.00 percent last week, which is the highest for average 1 year rates in several years. Average 1 year rates fell 1 basis point to 1.00 percent this week but the average rate will move higher in the coming weeks and months.In the rate database for 1 year certificates of deposit there are now 18 banks and credit unions offering 1 year rate at or above 1.00 percent. The best 1 year CD rate this week is from a credit union, Pentagon Federal Credit Union (PenFed), at 1.20 percent with an APY of 1.21 percent. The top rate from a bank for a 1 year CD is from CIT Bank at 1.11 percent with an APY of 1.12 percent.Listed below are the best CD rates for certificate of deposit terms ranging from 6 months to 5 years. Read more...
Over the next several years, CD rates and all interest rates are moving higher so we have recommended staying invested in shorter term CD accounts to take advantage of higher rates when they do finally come. Ally Bank offers a couple of CD products (see below) that allow you to lock into a rate higher than most variable rate accounts yet still have the flexibility to take advantage of higher rates.Opening a CD account with Ally Bank is done online since they are a "branch free" bank. Opening an account is easy to do and you can call the bank at 1-877-247-ALLY(2559) anytime day or night to speak to a representative. You can also email Ally Bank at customercare@allybank.com with any questions you may have. Like most banks these days, Ally Bank also offers a mobile app you can use to do all of your banking with Ally.
Now is a good time to lighten up on your equity holdings if you haven't already. The Dow is down another 300 points today due to a weak economic manufacturing report. Equity prices are lower on the news and investors are fleeing into the safety of U.S. Treasuries, sending 10 year bond yields down another 9 basis points to 2.58 percent.Equity prices and bond prices are moving lower and CD rates have moved slightly higher this past week. Reporting on higher CD rates is a nice change from the past 5 years when rates were going down. Some banks and credit unions are increasing their CD rates but overall, rates won't move much higher from current levels until the Federal Reserve increases the fed funds rate.
CD rates remain low as the Federal Open Market Committee will leave their policy on the federal funds rate intact when they meet next week, despite a surprising drop in the unemployment rate. The unemployment rate fell last month from 7.0 percent to 6.7 percent but a drop below 6.5 percent is no longer a trigger to increase in the federal funds rate.Prior to last month's meeting, many believed the Fed would increase the federal funds rate when the unemployment rate fell below 6.5 percent. We, too, believed this was going to happen sometime in 2014 which would send CD rates and other deposit rates higher.Just after the December meeting, the FOMC released a statement squashing a higher fed funds rate: Read more...
California First National Bank (CalFirst) is advertising a Premium Savings Account and a Money Market Checking Account. The Premium Savings account has a minimum opening deposit of $1,000. The Money Market Checking Account has a minimum opening deposit of $5,000.
The current average no annual fee credit card rate is 12.36 percent as reported by MonitorBankRates. Of course you can find no annual fee card rates lower than the national average. Right now on our credit card rate list the Applied Platinum Secure Visa Card has an interest rate of 0.00 percent on purchases. The annual percentage rate on cash advances is 9.99 percent. Since the Platinum Secure Visa Card from Applied Bank is secured you will have to open a deposit account at Applied Bank.
Finding the best car insurance rates (quotes) and comparing types of car insurance coverage is a lot easier than it used to be.
Pentagon Federal Credit Union (PenFed) CD rates are in the top 5 CD rates available on our rate table. Current 1 year CD rates at Pentagon Federal Credit Union are at 2.76 percent with an APY of 2.80 percent. 6 month CD rates from PenFed are the highest on our 6 month rate list at 2.39 percent with an APY of 2.40 percent. You have to be a member to open an account and the minimum opening balance is $1,000. Compare Pentagon Federal Credit Union CD rates with other rates here. 
We just reached a new milestone for 12 Month CD rates in 2017 as rates continue to inch higher. Crestmark Bank is now offering 12 Month CD rates at 1.80 percent. Just about two months ago, we reported a new high for 1 year CD rates at 1.70 percent. That new high was also from 
