Latest PenFed Credit Union Interest Rates - September 2026

PenFed Credit Union Interest Rates & Loan Products Overview

Quick Summary: Comprehensive summary of official benchmark lending rates, deposit yields, and consumer credit products published by PenFed Credit Union (PENFED):

Featured Rates & Products:

• Deposit Accounts & Money Market Certificates: The PenFed Premium Online Savings account yields a competitive 2.70% APY with a $5 minimum balance. Fixed-rate Money Market Certificates offer yields of 2.70% APY (6 months), 2.90% APY (12 to 18 months), and 3.20% APY (24 to 36 months) with a $1,000 minimum opening deposit.
• Mortgage Loans: 30-Year Fixed conventional purchase mortgage interest rates start around 6.375% (6.560% - 6.927% APR), offering low down payment options with loan-to-value limits up to 97% LTV and no prepayment penalties.
• Auto Financing: Fixed purchase auto loans start from 4.19% APR for standard direct dealer purchases (and as low as 3.39% APR when utilizing the PenFed Car Buying Service) with terms available up to 84 months.
• Personal Loans: Unsecured personal installment loans are offered from $600 up to $50,000 with fixed APRs starting from 6.09% (with AutoPay discount) up to the credit union statutory maximum of 17.99%, with flexible terms up to 60 months and zero origination or prepayment fees.
• Credit Cards: Flagship cards like the PenFed Power Cash Rewards® and Platinum Rewards Visa Signature® offer purchase variable APRs starting from 17.99%, no annual fees, and a standard 21-day grace period.
• Benchmark Index: The reference PenFed / Wall Street Journal Prime Lending Rate stands at 6.75%.

💡 Financial Tip: Membership is open to all U.S. residents through an initial $5 savings account deposit. Members can also unlock 2% cash back on the Power Cash Rewards card via the PenFed Honors Advantage program by maintaining an active checking account.