Pentagon Federal Credit Union continues to offer some of the best long term CD rates with 4% APY for 5-7 years, 3.75% APY for 4 years, and 3.5% for 3 years. The minimum deposit is $1,000 and they’re available for both Roth and Traditional IRA Certificates. PenFed has also been known to offer a .25% bonus for renewing certificates of deposit.
To join Pentagon Federal you must qualify through the military, an employer or family. Members of the National Military Family Association (NMFA) are also eligible. You can decide to join the NMFA and Pentagon Federal at the same time online. The yearly membership for NMFA is $20, but you don’t need to renew the membership to stay with Pentagon Federal. You’re also eligible to join Pentagon Federal if you’re an employee or volunteer for the American Red Cross.
Pentagon Federal Credit Cards
Pentagon Federal is also offering a deal on credit cards where you get 2.99% APR for the life on your balance transfers. Their credit card currently gives 5% cash back for gas and 2% cash back for grocery store purchases.
You can open an account online or by visiting a branch. Pentagon Federal has branches in Washington DC, Maryland, Virginia, New Jersey, New York, Colorado, North Carolina, Hawaii, Puerto Rico, Missouri and Texas. Pentagon Federal is insured by the NCUA.