PenFed recognized for openness to general
public, high member satisfaction ratings and premium savings
account.
TYSONS, Va., Nov. 6, 2024
/PRNewswire/ -- Personal finance digital
platform Money announced the release of its
2024-2025 Best Banks list, with PenFed
Credit Union, the nation's second-largest federal credit union,
making the annual list for Best Overall Credit Union.
This list highlights the financial institutions across the
United States where consumers can get matched with perfect
options for their money and day-to-day banking needs.
"We are proud to be recognized by Money for providing our
members with world-class service and low fees," said PenFed
President and CEO James Schenck. "In
2025, we look forward to continuing to help our nearly 3 million
members achieve their financial dreams."
PenFed was recognized as best overall credit union because of
its openness to the public and its checking and savings accounts
with low minimum deposit amounts and no monthly fees. Money also
cited PenFed's stellar customer satisfaction ratings and premium
savings account. Currently, PenFed is offering
members 3.00% APY1 with Premium Online
Savings, which is 6X the national
average2 with a
minimum $5 investment.
To determine the list, Money analyzed more than 275 institutions
across national banks, credit unions, online banks, regional banks
and state banks. Institutions were judged by account
fees, APYs, sign-up perks, monthly limits and ATM
locations.
For more information about how PenFed can help you achieve your
financial dreams, please visit PenFed.org.
|
|
1APY (Annual Percentage Yield) is
accurate as of November 1, 2024, and is subject to change
at any time. Fees may reduce earnings.
|
|
Premium Online Savings
account holders must agree to electronic delivery of account
opening disclosures and monthly statements.
|
|
2The rate for our Premium Online
Savings Account is over 6X the national average
of 0.45% APY, based on the national average of savings
accounts rates published in the FDIC Weekly National Rates and Rate
Caps accurate as of October 21, 2024.
|
About PenFed Credit Union
Established in 1935,
Pentagon Federal Credit Union (PenFed) is America's second-largest
federal credit union, serving 2.8 million members worldwide with
$32.7 billion in assets. PenFed
Credit Union offers market-leading certificates, checking, credit
cards, personal loans, mortgages, auto loans, student loans, and a
wide range of other financial services with members' interests
always in mind. PenFed Credit Union is federally insured by the
NCUA and is an Equal Housing Lender. To learn more about
PenFed Credit Union, visit PenFed.org,
like us on Facebook and follow us
@PenFed on X. Interested in working for
PenFed? Check us out on LinkedIn. We are
proud to be an Equal Employment Opportunity Employer.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/penfed-credit-union-named-best-overall-credit-union-of-2024-2025-by-money-302297855.html
SOURCE PenFed Credit Union