PenFed CD Rates (November 2026) & Calculator
PenFed pays up to 3.50% APY on a 5-year certificate. Pick a term to see what your deposit earns, how it compares and what breaking it early would cost.
PenFed CD rates (Nov 3, 2026)
Every certificate term PenFed lists on its website, with what $10,000 earns over the full term.
| Term | Product | Minimum | APY | $10,000 earns |
|---|---|---|---|---|
| 6 months | Money Market Certificate | $1,000 | 2.70% | $134.10 |
| 1 year | Money Market Certificate | $1,000 | 3.20% | $320.00 |
| 15 months | Money Market Certificate | $1,000 | 3.20% | $401.59 |
| 18 months | Money Market Certificate | $1,000 | 3.20% | $483.82 |
| 2 years | Money Market Certificate | $1,000 | 3.40% | $691.56 |
| 3 years | Money Market Certificate | $1,000 | 3.40% | $1,055.07 |
| 4 years | Money Market Certificate | $1,000 | 3.40% | $1,430.95 |
| 5 years | Money Market Certificate | $1,000 | 3.50% | $1,876.86 |
| 7 years | Money Market Certificate | $1,000 | 3.50% | $2,722.79 |
Special is a promotional rate. Relationship needs a linked account at PenFed. A dash means the same APY as the opening balance. The highlighted row is PenFed's top rate.
Source: PenFed certificate rates. Rates change often; confirm before you open an account.
PenFed vs the national average
The FDIC national average is what banks and credit unions pay on average, weighted by deposits (Oct 19, 2026). The last column is the best rate among the 8 other banks we track for the same term.
| Term | PenFed | National avg | Best other bank |
|---|---|---|---|
| 6 months | 2.70% | 1.39% |  Ally 4.00% |
| 1 year | 3.20% | 1.76% | Ally 4.50% |
| 15 months | 3.20% | 1.76% (12 mo) |  Wells Fargo 4.00% (relationship) |
| 18 months | 3.20% | 1.76% (12 mo) | Ally 4.50% |
| 2 years | 3.40% | 1.55% |  Marcus 4.40% |
| 3 years | 3.40% | 1.39% | Marcus 4.40% |
| 4 years | 3.40% | 1.31% | Marcus 4.40% |
| 5 years | 3.50% | 1.41% | Ally 4.50% |
| 7 years | 3.50% | 1.41% (60 mo) |  Navy Federal 3.85% |
PenFed certificate early withdrawal penalty
| Term | Penalty |
|---|---|
| 6-month certificates | 90 days of interest |
| 12 to 84-month certificates | 365 days of interest (first 365 days); then 30% of the interest the CD would earn to maturity |
Example: $10,000 in a 1-year certificate at 3.20%, withdrawn after 6 months, has earned $158.74. The penalty is $158.74, so you would get $10,000.00.
PenFed caps the penalty at the dividends you have earned, so it does not reach your principal. Official disclosure (checked 2026-11-04).
Who can join PenFed
Open to anyone of legal age. No military affiliation required. Membership details.
How We Calculate & Keep This Accurate
Maturity value is your deposit grown at the APY for the term: A = P × (1 + APY)^(months ÷ 12). The APY for each term is the highest balance tier your deposit qualifies for. Early withdrawal penalties are charged as simple interest on the deposit at the CD's interest rate (the APY converted to its daily rate), following PenFed's published rule for that term.
Rates come from PenFed's own rate page. We use the APY Ledger dataset (CC BY 4.0) to spot rate changes, and we checked a sample of rates and the penalty rules against PenFed's website and disclosures. Results are estimates, not an offer from the bank.
Primary Sources
Data & Freshness
Figures reflect 2026 tax-year data.
Last updated November 3, 2026 · Maintained by the Financial Calculator editorial team.
PenFed CD FAQs
Quick answers about PenFed certificate rates and penalties.
What are PenFed's CD rates today?
How much will $10,000 earn in a PenFed 5 years certificate?
What is PenFed's certificate early withdrawal penalty?
Are PenFed certificates insured?
How do PenFed's rates compare with the national average?
CD rates at other banks
Top APY at each bank for a $10,000 deposit.
- Chase CD ratesup to 3.50%
- Wells Fargo CD ratesup to 4.25%
- Citi CD ratesup to 4.25%
- Capital One CD ratesup to 4.50%
- Ally CD ratesup to 4.50%
- Marcus CD ratesup to 4.40%
- U.S. Bank CD ratesup to 3.50%
- Navy Federal CD ratesup to 4.35%
- CD calculator (any bank)