PenFed Credit Union CD & Share Certificate Rates — October 2026

Also known as PenFed, Pentagon Federal Credit Union.

As of October 22, 2026, PenFed Credit Union's highest CD (share certificate) rate is 3.50% APY on a 60-month promotional CD ($1,000 minimum). That is 2.5 times the FDIC national average for 60-month CDs (1.41%). Standard CD rates range from 2.70% to 3.40% APY.

Last verified October 22, 2026 from www.penfed.org · NCUA-insured credit union · McLean, VA

Tracking began October 22, 2026.

Best APY3.50%60 months, $1,000 min

vs. Treasury−1.51%same-term Treasury 5.01%

vs. national average2.5×FDIC national average 1.41%

After inflation-0.24%CPI 3.7% year over year

$10,000 earns$1,877over 60 months, before tax

PenFed Credit Union CD & share certificate rates

Membership is open to anyone who opens a PenFed savings account; certificates can be opened online.

PenFed Credit Union CD rates
Term	Product	Minimum	APY	vs. Treasury
6 months	Money Market Certificate	$1,000	2.70%Verified October 22, 2026	−1.70%
12 months	Money Market Certificate	$1,000	3.20%Verified October 22, 2026	−1.37%
15 months	Money Market Certificate	$1,000	3.20%Verified October 22, 2026	−1.45%
18 months	Money Market Certificate	$1,000	3.20%Verified October 22, 2026	−1.52%
24 months	Money Market Certificate	$1,000	3.40%Verified October 22, 2026	−1.47%
36 months	Money Market Certificate	$1,000	3.40%Verified October 22, 2026	−1.55%
48 months	Money Market Certificate	$1,000	3.40%Verified October 22, 2026	−1.58%
60 months	Money Market Certificate Promotional	$1,000	3.50%Verified October 22, 2026	−1.51%
84 months	Money Market Certificate Promotional	$1,000	3.50%Verified October 22, 2026	−1.59%

APY = annual percentage yield. "vs. Treasury" compares each APY with the Treasury yield for the same term on 2026-10-21 (converted to APY). Treasury interest is exempt from state income tax; see the T-bill vs. CD calculator.

Watch the renewal rate

The best promotional rate here is 3.50% APY (60 months). The standard rate for a similar term is 3.40% APY (48 months). If the CD renews at the standard rate when it matures, $10,000 would earn about $10 less per year. Check the account terms and set a reminder before maturity.

Calculate the cost of auto-renewal

What are PenFed Credit Union's best CD rates by term?

PenFed Credit Union's best rate is 3.50% APY on 60 months, verified October 22, 2026.

6 mo2.70%
12 mo3.20%
15 mo3.20%
18 mo3.20%
24 mo3.40%
36 mo3.40%
48 mo3.40%
60 mo3.50%
84 mo3.50%

Calculate earnings at 3.50% for 60 months

How PenFed Credit Union compares

Best 5-year rate among the institutions we track: Popular Direct at 5.00% APY.
Popular Direct: best 5.00% APY on 60 months.
Barclays: best 4.75% APY on 24 months.
Sallie Mae Bank: best 4.75% APY on 60 months.
5-year Treasury: 5.01% APY-equivalent.

Rate changes

No changes since we started tracking PenFed Credit Union on October 22, 2026.

About PenFed Credit Union

Legal name: Pentagon Federal Credit Union
Regulator ID: NCUA 227
Headquarters: McLean, VA
Available in: All states (online)
Total assets: $29.2 billion
Also known as: PenFed, Pentagon Federal Credit Union
Website: www.penfed.org

Source: rates read from https://www.penfed.org/certificates/money-market. See the page text we read.

Frequently asked questions

What is the highest CD rate at PenFed Credit Union?

3.50% APY on a 60-month promotional CD, as of October 22, 2026.

What is the minimum deposit for a PenFed Credit Union CD?

The lowest minimum we found is $1,000.

How does PenFed Credit Union's best CD rate compare with Treasury yields?

3.50% APY is −1.51% versus the 60-month Treasury yield of 5.01% (APY-equivalent) on 2026-10-21. Treasury interest is also exempt from state income tax.

Is 3.50% a good CD rate?

It is 2.5 times the FDIC national average for a similar term (1.41% as of 2026-10-19), which is a deposit-weighted average across all U.S. banks and credit unions. Online banks and promotional CDs often pay several times the national average.

Are PenFed Credit Union CDs insured?

PenFed Credit Union is a federally insured credit union (NCUA 227). Share certificates are insured by the NCUA up to $250,000 per member, per ownership category.

What is a share certificate at PenFed Credit Union?

A share certificate is the credit union equivalent of a bank CD: a term deposit that pays a stated yield when its conditions are met. Membership requirements, minimum deposits and early withdrawal terms depend on the credit union and product.

How often is this page updated?

We check PenFed Credit Union's rate page every day. The rates above were last verified on October 22, 2026.

More credit union certificate rates

Rates are copied from PenFed Credit Union's website and may change at any time. Confirm terms, minimums and eligibility with PenFed Credit Union before opening an account. This page is not financial advice.