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Pentagon Federal Credit Union's Information and Current CD Rates

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FDIC Certification Number


Pentagon Federal Credit Union

Pentagon Federal Credit Union Logo
Website: https://www.penfed.org/checking-and-savings-overview/
Rating: StarStarStarStar  (4 out of 5)100

Pentagon Federal Credit Union CD Rates

Product APY Rate Min. Deposit
6 month CD 0.850% 0.850% $1,000.00
1 yr CD 1.260% 1.250% $1,000.00
2 yr CD 1.460% 1.450% $1,000.00
3 yr CD 1.610% 1.600% $1,000.00
5 yr CD 2.070% 2.050% $1,000.00
4 yr CD 1.760% 1.750% $1,000.00
Rates Updated: 03/23/2017

Articles Related to Pentagon Federal Credit Union

CD Rates Report: 1 Year CD Rates as of January 14, 2017

Listed below is a current CD rates report for 1 year certificates of deposit as of January 14, 2017.

Current 1 Year CD Rates

  • Pentagon Federal Credit Union 1.35% Yield 1.36% (tied for 1st place)
  • EverBank 1.35% Yield 1.36% (tied for 1st place)
  • VirtualBank 1.30% Yield 1.31%
  • Live Oak Bank 1.29% Yield 1.30%
  • My e-BAnC by BAC Florida Bank 1.28% yield 1.29%
  • E-Loan 1.27% Yield 1.28% (tied for 5th place)
  • Popular Direct 1.27% Yield 1.28% (tied for 5th place)
  • Pacific National Bank 1.26% Yield 1.27%
  • California First National Bank 1.25% Yield 1.26% (tied for 7th place)
  • TAB Bank 1.25% Yield 1.26% (tied for 7th place)
  • Synchrony Bank 1.24% Yield 1.25% (tied for 8th place)
  • Colorado Federal Savings Bank 1.24% Yield 1.25% (tied for 8th place)
  • Salle Mae 1.24% Yield 1.25% (tied for 8th place)
  • AloStar Bank of Commerce 1.22% Yield 1.23% (tied for 9th place)
  • giantbank AloStar 1.22% Yield 1.23% (tied for 9th place)
  • CIT Bank 1.21% Yield 1.22% (tied for 10th place)
  • BankDirect 1.21% Yield 1.22% (tied for 10th place)

For a list of today's 1 year CD rates in our database go to MontiorBankRates.com.

 

    Read more...
CD Rates Slowly Inch Higher as Fed Meets This Week

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.

Currently, the best 1 year CD rates on our rate list are from Pentagon Federal Credit Union at 1.35 percent with a yield of 1.36 percent. The best 1 year rate offered on our list of from a bank is from VirtualBank at 1.30 percent with a yield of 1.31 percent.

The highest 2 year CD rates on the list are already above 1.50 percent. Two banks, EverBank and Virtual Bank are offering 2 year CD rates at 1.51 percent with a yield of 1.52 percent. We could see the top 2 year rates increase above 1.60 percent in the coming weeks.

At what pace CD rates rise in the coming year will be mostly dependent on how much and how quickly the Fed increases the fed funds rate. As of this morning, the FedWatch Tool has a probability of one rate hike in 2017, putting the rate between 0.75 percent and 1.00 percent.

The Fed's own projections for the fed funds rate for 2017 is all over the place. Advance projections for this week's meeting put the rate between 1.875 percent and 3.375 percent with the majority between 1.875 percent and 2.625 percent.

The Fed's own projections are a lot higher than the FedWatch Tool, which is the market’s view on where the fed funds rate will be by the end of 2017. Unless there is a recession next year, CD rates will finally be moving higher.

    Read more...
This Past Week's CD Rate Changes

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.

The best CD rates on our 1 year certificates of deposit rate list are currently at 1.30 percent. A 0.25 percent fed fund rate hike might send the best 1 year rates towards 1.50 percent. It's been several years since we've seen 1 year rates as high as 1.50 percent.

This past week's CD rate changes are listed below.

Bank or Credit Union

ProductRate (New / Old)Yield (New / Old)
EverBank3 month CD0.65 / 0.690.65 / 0.69
EverBank1 yr CD1.23 / 1.21.24 / 1.21
EverBank2 yr CD1.45 / 1.41.46 / 1.41
EverBank3 yr CD1.59 / 1.551.6 / 1.56
EverBank5 yr CD1.87 / 1.791.89 / 1.81
EverBank3 month jumbo CD0.65 / 0.690.65 / 0.69
EverBank1 yr jumbo CD1.23 / 1.21.24 / 1.21
EverBank5 yr jumbo CD1.87 / 1.791.89 / 1.81
EverBank2 yr jumbo CD1.45 / 1.41.46 / 1.41
EverBank3 yr jumbo CD1.59 / 1.551.6 / 1.56
EverBank4 yr CD1.7 / 1.651.71 / 1.66
EverBank4 yr jumbo CD1.7 / 1.651.71 / 1.66
California First National Bank1 yr CD1.17 / 1.191.18 / 1.2
California First National Bank1 yr jumbo CD1.17 / 1.191.18 / 1.2
State Farm Bank5 yr CD1.69 / 1.591.7 / 1.6
State Farm Bank5 yr jumbo CD1.69 / 1.591.7 / 1.6
Discover Bank5 yr jumbo IRA CD1.74 / 1.831.76 / 1.85
Luana Savings Bank4 yr jumbo CD1.35 / 1.41.36 / 1.41
Astoria Bank2 yr CD0.95 / 0.750.95 / 0.75
Astoria Bank5 yr CD1.39 / 1.241.4 / 1.25
Pentagon Federal Credit Union1 yr CD1.2 / 11.21 / 1.01
Pentagon Federal Credit Union2 yr CD1.3 / 1.151.31 / 1.16
Pentagon Federal Credit Union3 yr CD1.3 / 1.151.31 / 1.16
Pentagon Federal Credit Union5 yr CD1.3 / 1.21.31 / 1.21
Pentagon Federal Credit Union4 yr CD1.3 / 1.151.31 / 1.16
Capital One 360 Bank6 month CD0.4 / 0.90.4 / 0.9
Capital One 360 Bank1 yr CD0.75 / 0.90.75 / 0.9
Capital One 360 Bank6 month jumbo CD0.4 / 0.90.4 / 0.9
Capital One 360 Bank1 yr jumbo CD0.75 / 0.90.75 / 0.9
Capital One 360 Bank9 month CD0.4 / 0.90.4 / 0.9
Capital One 360 Bank9 month jumbo CD0.4 / 0.90.4 / 0.9
KS StateBank1 yr jumbo CD1.15 / 11.16 / 1
EverBank3 month CD0.69 / 0.70.69 / 0.7
EverBank2 yr CD1.4 / 1.451.41 / 1.46
EverBank3 yr CD1.55 / 1.591.56 / 1.6
EverBank5 yr CD1.79 / 1.891.81 / 1.91
EverBank3 month jumbo CD0.69 / 0.70.69 / 0.7
EverBank5 yr jumbo CD1.79 / 1.891.81 / 1.91
EverBank2 yr jumbo CD1.4 / 1.451.41 / 1.46
EverBank3 yr jumbo CD1.55 / 1.591.56 / 1.6
EverBank4 yr CD1.65 / 1.761.66 / 1.78
EverBank4 yr jumbo CD1.65 / 1.761.66 / 1.78
Home Savings Bank6 month CD0.5 / 0.30.5 / 0.3
Home Savings Bank1 yr CD1 / 0.91 / 0.9
Home Savings Bank2 yr CD1.24 / 1.091.25 / 1.1
Home Savings Bank3 yr CD1.49 / 1.191.5 / 1.2
Home Savings Bank5 yr CD1.88 / 1.831.9 / 1.85
Home Savings Bank6 month jumbo CD0.5 / 0.30.5 / 0.3
Home Savings Bank1 yr jumbo CD1 / 0.91 / 0.9
Home Savings Bank5 yr jumbo CD1.88 / 1.831.9 / 1.85
Home Savings Bank18 month CD1.04 / 0.951.05 / 0.95
Home Savings Bank2 yr jumbo CD1.24 / 1.091.25 / 1.1
Home Savings Bank18 month jumbo CD1.04 / 0.951.05 / 0.95
Home Savings Bank3 yr jumbo CD1.49 / 1.191.5 / 1.2
Home Savings Bank4 yr CD1.69 / 1.491.7 / 1.5
Home Savings Bank4 yr jumbo CD1.69 / 1.491.7 / 1.5
    Read more...
Recent CD Rate Changes Are Mostly Lower

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.

On a positive note, lower long term bond yields will mean lower mortgage rates. 30 year mortgage rates today are averaging 3.39 percent, only 8 basis points from an all-time low set in 2012.

Recent CD Rate Changes

BankProductRate (New / Old)Yield (New / Old)
Astoria Bank2.5 yr CD0.65 / 0.750.65 / 0.75
Nationwide Bank4 yr CD1.74 / 1.781.76 / 1.8
Silvergate Bank1 yr jumbo CD0.1 / 1.070.1 / 1.08

Pentagon Federal Credit Union

1 yr CD

1 / 1.1

1.01 / 1.11
Pentagon Federal Credit Union2 yr CD1.15 / 1.31.16 / 1.31
Pentagon Federal Credit Union3 yr CD1.15 / 1.31.16 / 1.31
Pentagon Federal Credit Union5 yr CD1.2 / 1.41.21 / 1.41
Pentagon Federal Credit Union4 yr CD1.15 / 1.31.16 / 1.31

E-Loan

3 yr CD1.54 / 1.641.55 / 1.65
E-Loan5 yr CD1.98 / 2.032 / 2.05
E-Loan5 yr jumbo CD1.98 / 2.032 / 2.05
E-Loan3 yr jumbo CD1.54 / 1.641.55 / 1.65
E-Loan4 yr CD1.74 / 1.781.75 / 1.8
E-Loan4 yr jumbo CD1.74 / 1.781.75 / 1.8
EverBank1 yr CD0.95 / 0.90.95 / 0.9
EverBank1 yr jumbo CD0.95 / 0.90.95 / 0.9
TriState Capital Bank6 month jumbo CD0.65 / 0.750.65 / 0.75
TriState Capital Bank1 yr jumbo CD0.9 / 10.9 / 1
TriState Capital Bank2.5 yr jumbo CD1.15 / 1.241.15 / 1.25
TriState Capital Bank2 yr jumbo CD1.1 / 1.191.1 / 1.2
TriState Capital Bank18 month jumbo CD1 / 1.11 / 1.1
TriState Capital Bank3 yr jumbo CD1.29 / 1.391.3 / 1.4

 

    Read more...
Current CD Rate Changes from Banks and Credit Unions

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.

BankProductRate (New / Old)Yield (New / Old)
CIT Bank5 yr CD2.08 / 2.182.10 / 2.20
CIT Bank5 yr jumbo CD2.13 / 2.232.15 / 2.25
CIT Bank5 yr IRA CD2.08 / 2.182.10 / 2.20
CIT Bank5 yr jumbo IRA CD2.13 / 2.232.15 / 2.25
Luana Savings Bank6 month $50K CD0.45 / 0.500.45 / 0.50
Nationwide Bank5 yr CD2.03 / 1.932.05 / 1.95
Nationwide Bank5 yr jumbo CD2.08 / 1.982.1 / 2
Pentagon Federal Credit Union1 yr CD1.10 / 1.201.11 / 1.21
Pentagon Federal Credit Union2 yr CD1.3 / 1.401.31 / 1.41
Pentagon Federal Credit Union3 yr CD1.3 / 1.401.31 / 1.41
Pentagon Federal Credit Union5 yr CD1.4 / 1.501.41 / 1.51
Pentagon Federal Credit Union4 yr CD1.3 / 1.401.31

 

Discover Bank5 yr CD2.18 / 1.982.20 / 2.00
Discover Bank5 yr jumbo CD2.18 / 1.982.20 / 2.00
Discover Bank5 yr IRA CD2.18 / 1.982.20 / 2.00
Discover Bank5 yr jumbo IRA CD2.18 / 1.982.20 / 2.00
Lone Star Bank1 yr CD0.80 / 1.240.8 / 1.25
Synchrony Bank5 yr CD2.13 / 2.222.15 / 2.25
    Read more...
CD Rate Changes this Past Week - Top 1 Year CD Rate Lowered 10 BPS

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.

BankProductRate (New / Old)Yield (New / Old)
California First National Bank1 yr CD1.24 / 1.211.25 / 1.22
California First National Bank2 yr CD1.44 / 1.391.45 / 1.4
Federal Savings Bank1 yr CD1.24 / 1.341.25 / 1.35
Silvergate Bank3 yr jumbo CD1.65 / 1.651.66 / 1.65
My e-BAnC by BAC Florida Bank6 month CD0.85 / 0.800.85 / 0.80
My e-BAnC by BAC Florida Bank1 yr CD1.24 / 1.201.25 / 1.21
My e-BAnC by BAC Florida Bank6 month jumbo CD0.85 / 0.820.85 / 0.82
My e-BAnC by BAC Florida Bank1 yr jumbo CD1.29 / 1.241.3 / 1.25
My e-BAnC by BAC Florida Bank18 month CD1.24 / 1.201.25 / 1.21
My e-BAnC by BAC Florida Bank18 month jumbo CD1.29 / 1.241.3 / 1.25
Pentagon Federal Credit Union1 yr CD1.10 / 1.201.11 / 1.2
Ally Bank2 yr CD1.29 / 1.281.3 / 1.29
Ally Bank3 yr CD1.54 / 1.491.55 / 1.50
Ally Bank18 month CD1.29 / 1.181.3 / 1.19

To run your own search of CD rates in our database, go to MonitorBankRates.com.

    Read more...
1.33% APY - New Top 1 Year Top CD Rate in the Database

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.

1 Year CD Rates

  •  Connexus Credit Union 1.32% Yield 1.33%
  • CIT Bank 1.29% Yield 1.30%
  • E-Loan 1.29% Yield 1.30%
  • Synchrony Bank 1.24% Yield 1.25%
  • Sallie Mae 1.24% Yield 1.25%
  • iGObanking.com 1.24% Yield 1.25%
  • California First National Bank 1.21% Yield 1.22%
  • Bank Direct 1.20% Yield 1.21%
  • AloStar Bank of Commerce 1.20% Yield 1.21%
  • My e-BAnC by BAC Florida Bank 1.20% Yield 1.21%
  • Pentagon Federal Credit Union 1.20% Yield 1.21%
  • Colorado Federal Savings Bank 1.19% Yield 1.20%

You can check on CD rates for all certificate of deposit terms by searching our database at MonitorBankRates.com/CDRates.

    Read more...
1.30% APY - This Week's Top 1 Year Rate
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.     Read more...
CD Rate Report June 2, 2015: Best 6 Month CD Rate at 1.00 Percent
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.     Read more...
Highest Short Term CD Rates: Best 2 Month CD Rate at 0.80 Percent
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.     Read more...

Compare Pentagon Federal Credit Union's CD Rates With Other Bank Rates Below

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