Source: https://www.penfed.org/certificates/money-market
Read: 2026-10-22T05:12:20.000Z

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Money Market
MONEY MARKET CERTIFICATES
Save more, earn more with Certificates
3.50% APY* for 5 years
3.50% APY* for 7 years
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*Annual Percentage Yield
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FAQ
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Special Money Market Certificate Rates
5 Years Term
3.50
%
APY*
7 Years Term
3.50
%
APY*
Open Now
Find the right term that fits your goal!
TERM | APY*
6 Month | 2.70%**
1 Year | 3.20%
15 Month | 3.20%
18 Month | 3.20%
2 Year | 3.40%
3 Year | 3.40%
4 Year | 3.40%
5 Year | 3.50%
7 Year | 3.50%
*Annual Percentage Yield
$1,000 minimum amount to open. A penalty will be imposed for early withdrawal. This will reduce earnings on the account. Please see 'Disclosures' below for important account information.
Certificates that let you save and earn more.
Guaranteed Returns
Always know what to expect from your hard-earned savings by locking in a great rate.
Safety and Security
Rest easy knowing your money is working for you, all while being federally insured by NCUA.
Flexibility
Change what you do with maturing certificate funds at any time before the end of the term.
THINKING ABOUT OPENING A CERTIFICATE?
It's easy to get started. Simply fill out, fund, & finish.
Watch the video to see how easy it is to open a Money Market Certificate. Lock in our great rates with a term that works for you – it’s that simple.
What’s the difference between a Certificate and a Certificate of Deposit (CD)?
Both types of accounts work the same way providing a fixed return when funds are invested for a specified amount of time. The difference is that credit unions call the account a Certificate and banks call the account a Certificate of Deposit (CD).
Estimate Your Savings
Money Market Certificate Calculator
Amount
Term and APY
6 Months at 2.70%
1 Year at 3.20%
15 Months at 3.20%
18 Months at 3.20%
2 Years at 3.40%
3 Years at 3.40%
4 Years at 3.40%
5 Years at 3.50%
7 Years at 3.50%
Dividends Earned
$0
Open Now
Calculations are for example only, not a credit offer
FAQs
What is a Money Market Certificate?
What is the minimum deposit needed to open a Money Market Certificate?
What are the available terms for Money Market Certificates?
How can I deposit funds into my account?
What penalties apply for early withdrawal prior to maturity?
What are my options after my Money Market Certificate matures?
When will my funds be available for withdrawal after the maturity date if I select to transfer to another PenFed account at maturity?
When will dividends be posted to my Money Market Certificates?
Why choose PenFed?
Disclosures
Money Market Certificates
*
Annual Percentage Yield (APY) is accurate as of October 9, 2026 and is subject to change at any time.
We will establish your certificate on the day we receive your application and funding. Once purchased, the rate is locked in for the term of your certificate.
**
6 Month certificates earn dividends on simple interest basis. All other certificate dividends are compounded daily.
You choose how your dividends are withdrawn: monthly OR at maturity.
3 payment options:
Add dividends to certificate.
Transfer dividends to Regular Share, checking, or MMSA (Money Market Savings Account).
Have dividend sent to you in check form.
Early Redemption Penalties
Penalties are imposed for early withdrawal of Money Market Certificates. This will reduce earnings on the account. You must provide your request in writing.
Please refer to the Money Market Certificate Application for further details. For all certificates funded by ACH, funds cannot be withdrawn within the first 60 days of the account opening.
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This credit union is federally insured by the National Credit Union Administration. Rates are current as of October 2026 unless otherwise noted and are subject to change.
APY = Annual Percentage Yield
APR = Annual Percentage Rate
Routing #256078446
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