Penfed, In Service Of The Military
Military men, coast guards, and those in the Air Force, the Army, the Department of Defense, the Department of Homeland Security and other related companies, and the Veterans of Foreign Wars including their families, will find financial security in Pentagon Federal Credit Union.
A credit union founded in 1935, the Pentagon Federal Credit Union offers a wide range of financial services, such as checking and savings account, credit cards, loans, mortgages, investment and insurance services, and many others.
Online banking is available which makes it a whole lot easier to open a Regular Share Savings account with only a $5 minimum balance requirement. This minimum deposit is not actually a fee but represents your membership share. This means that you get to enjoy all the benefits of being a member of the union. This special account earns you dividends from day one of deposit to withdrawal, compounded monthly. Once enrolled in online banking, you can conveniently check your balance, transfer funds, or perform any other online transactions.
PenFed offers several types of credit cards to union members. The Pen Fed Gold Credit Card has no annual and cash advance fees, and has an APR of 12.49% for purchases and cash advances. It also entitles you to Automobile Rental Insurance and Travel Accident Insurance worth $100,000. The PenFed Platinum Cashback Rewards Credit Card, on the other hand, lets you earn automatic discounts of 2% on supermarket purchases and 5% on gas purchases. You also get 1.25% cashback on all purchases during each billing cycle. It has a fixed APR of 13.99%, significantly lower than most reward credit cards. Affinity credit cards are also available for those who want to show their support to their member agencies. There are also Student Credit Cards for students who are at least 18 years of age. Student credit cards come with as little as $500 credit and they provide a great way for your son or daughter to build a credit reputation.
A variety of loan services are also offered by PenFed. Maybe you are thinking of buying a new car or renovating your home, or perhaps you simply want to take a long vacation in your dream destination, you can make your dream come true when you apply for a loan with PenFed. Applying for a loan is made easier as you can do it in a couple of mouse clicks only; definitely not an overwhelming task for those who are not really an expert in internet technology.
PenFed also has an investment center should you wish to have more for your money. You may choose to invest with Share Builder, a long-term investment plan that requires no minimums, or you may opt for Folio Investing, an online brokerage that gives you control of your investment.
It always makes sense to avail yourself of insurance policies, and PenFed has several plans available, just like Life and Health Insurance, Car and Home Protection, and Health Services.
Military men and all those who serve in related agencies are so lucky to be offered of such financial opportunities to better their lives.
Find detailed consumer information for PENTAGON Federal Credit Union