current cd rates at united community bank

Read our full PenFed Credit Union Review. You can join PenFed Credit Union by opening a savings account with an initial deposit of $5. You can use the funds to renew your certificate, transfer the funds into another PenFed account or have a check mailed to you. This gives you additional flexibility to decide what you’ll do with the funds in your account when it matures. With PenFed, you choose your maturity option-whether or not to have the certificate automatically renew-when you open your certificate account and can change it at any time before maturity. The credit union gets excellent customer satisfaction scores, and it offers a highly rated mobile app for iOS and Android. Overall, PenFed offers competitive yields on nine different certificate terms, ranging from six months to five years.

And don’t let the “money market” in this certificate’s name confuse you this is a share certificate, not a money market account. Dividends compound daily, allowing you to get the most for your money. On accounts with terms longer than one month, we will remind you in advance of the renewal and tell you when the rate will be known for the renewal period.PenFed Credit Union’s one-year Money Market Certificate pays a highly competitive 5.25% APY, with a reasonably low $1,000 minimum deposit required to open a certificate. The interest rate and APY for each renewal term will be determined by us on or before the renewal date, and will be paid until the new maturity date.

Interest will be calculated on the same basis as during the original term. Each renewal term will be the same as the original term, beginning on the maturity date. You will have ten (10) days after the maturity date to withdraw funds without penalty. This method applies a daily periodic rate to the principal in the account each day. We use the “daily balance method” to calculate the interest on your account. A withdrawal of interest will reduce earnings. The APY assumes that interest remains on deposit until maturity. Early withdrawal penalty will be imposed for early withdrawal.

Interest Rates and annual percentage yields are current as of. Fees could reduce earnings on the account.

Current cd rates at united community bank