Pentagon Federal Credit Union Savings Account

Pentagon Federal Credit Union was chartered in 1935 and is serving its members worldwide. It has over 740,000 members in the Army, Coast Guard, Department of Defense, Veterans of Foreign Wars, Air Force and Department of Homeland Security. With time it has become one of the strongest and safest financial institutions having more than $10 billion in assets. It provides financial services globally to its members. Its Money Market Savings Account offers a good saving opportunity to its members.

Its Money Market Savings Account rates are as explained below:

Tier 1:
With a balance of up to $10,000 you will get a dividend rate of 3.06% with 3.09% APY.
Tier 2:
With a balance from $10,000 to $49,999 you will get a dividend rate of 3.26% with 3.31% APY.
Tier 3:
With a balance from $50,000 to $99,999 you will get a dividend rate of 3.39% with 3.44% APY.
Tier 4:
With a balance of $10,000 or more you will get a dividend rate of 3.54% with 3.60% APY.

*These rates are current as of December 2007 and are subject to change without notice.

Given below are some of the features of Money Market Savings Account:
- High Money Market Yields: The Yields you will earn will be amongst the highest in the money market. You can well judge this from the rates specified for each of the tiers.
- NCUA Insurance: Your account is federally insured up to $100,000 by the National Credit Union Administration, a U.S. Government agency.
- No Regular Service Fees: There is no regular monthly service fees or maitainance charges for your account. Plus there are no minimum deposit and withdrawal amounts or minimum balance penalty fees. You can open your account with an initial deposit of $25.
- Easy Access: You can check your funds through check, ATM or online at your convenience.

You can apply for your membership online and start enjoying the benefits now!