PenFed Credit Union Savings Accounts

Been very happy with them especially with ACH transfers between my other non credit union or investment accounts.. My only negative is I wish they had offices out of VA mainly as I live in NC. I used them as my "savings account" and have other local banking for my business and personal needs.

PenFed does a hard inquiry on your credit report just to set up a savings account.

I wanted to start stashing part of my retirement check in a savings account. Went online and signed up with PenFed and put some money in the savings account. Later I found that they had done a hard pull on my credit report. To be fair they do advise you of that in the pages of legal boilerplate you have to wade through.

I pulled all but my $5 minimum out and put it in another credit union. I'll leave the $5 in PenFed just so they have to maintain my account.

Make it very hard to withdraw your money. 5000 dollar maximum in a three day period. Very tedious to deal with. No mention was made when transferring in that this would be a problem.

Would not deal with them again.

I have had this Credit Union for several years now. They offer great rewards for those who qualify. If you have an American Express Black Card they have amazing deals on travel packages etc. The security of my account is top notch, at times it can be almost to much. I have to go through a lot to access my account and if I don't remember the pin, I have to go through a lot to gain access to that also. The customer service is excellent. Every time I have had an issue and had to call in they have always been very helpful. If you are looking for top notch security with great customer service, this is definitely the way to go.

I opened a PenFed savings account after I was approved for their Platinum Cash Rewards Visa. I already had a checking account with them so now all of my stuff is pretty much in one place. This is my only credit card other than the debit card. The process was simple. The only bad part is that the credit union is out of state. I can't go into the branch to make a deposit. My husband is a member so I joined too but it is a bit inconvenient. We have to transfer funds from our local account to the new savings account.

I recently opened up a savings account with PenFed (after going through a hoop or two via donations). The account is fairly basic and the APY is pretty standard when compared to other branches, but there are tons of neat features that come with the account. For example, there's a savings calculator and tracker that updates every time you transfer money into your saving account, so you'll always know how close you are to a financial goal. There are also various materials that you can read to help you better understand their savings accounts and other features, which is pretty nice as well.

I have been a member of Pentagon Federal Credit Union for many years, going back to my time as a service member in the United States Army. Pentagon has always been a true joy to work with. The customer service you receive from them is wonderful and I assume that their problem resolution is wonderful as well. Of course, I cannot say that for certain because I have never had a problem with Pentagon! Their rates on loans, especially vehicle loans are among the lowest that you can find anywhere and their website is incredibly user friendly, so applying for a loan with them couldn't be easier. I can not say enough good things about these guys!

My husband and I needed to save our money we made from selling the house into a reliable, safe, and secure bank. We had gotten quite discouraged by the banks out there and decided to try a credit union instead. Since we were living in the Washington, DC area at the time, we tried Pentagon Federal CU.
First off, extremely easy to make an account online. I have never stepped foot inside of their credit union, but that is fine by them as their online presence is fabulous!
Second, when we had to deposit some money, and were no where near a Pentagon Federal Credit Union, they offer a great network of other credit unions. We were able to deposit the check and it was switched into our account that day!
Third, while rates do change all the time, these guys are a leader in great rates for savers.
And lastly, we had the ability because of their very fine credit union, to transfer money out without a cost to other banks when needed. Overall, this bank is one of the best based on customer service, available accounts, and online banking. They deserve every one of those stars.

I just recently joined Progressive Credit Union after a friend told me that they were good and she referred me. I was quite pleased with my transition to Progressive Credit Union. The representatives were extremely helpful and kind to me as I opened my accounts and were really good about giving me advice. The people at Progressive were the nicest and most helpful out of all of the other banks and credit unions I have dealt with.

In order to open an account with Progressive Credit Union, you need to be referred by a member. All I had to do was go into a branch with my friend who is a member and I was able to open my accounts. Since I was transferring money from another account, I had a lot of money on me, but you only need $10 or $20 to open an account. The interest rates aren't the greatest, but there is no minimum balance and there aren't a lot of ATM fees, which is the best thing. Progressive Credit Union also offers different kinds of accounts that you can open without much hassle. I was able to open a custodial account very easily with Progressive Credit Union. When I did this with my bank it was complicated and took forever. I would recommend Progressive Credit Union for multiple accounts.

Their online banking system is easy to use and understand. Making a transfer or checking your balance can all be done through their online system.

Overall, I would recommend Progressive Credit Union to anyone who is looking to join a credit union. They are very welcoming and really very nice to their customers, which is something that other institutions do not have.

I've been a member of Progressive Credit union for the past four years, and I've really enjoyed my time with them. Having been referred by another member (who was constantly talking about them to me whenever I saw her), I applied and was accepted. It was a fairly easy experience, and aside from a small waiting process, everyone was nice and accommodating.

The savings rates they offer are really good, and I feel more at home with Progressive than I felt when I used Bank of America. Everyone that works there is extremely generous with their time, and whenever I call I never feel like they're trying to get off the phone with me as quickly as possible, which is something that I always noticed with the larger banks.

I'd recommend Progressive to anyone that's fed up with their normal bank. As long as you have a little patience (as they aren't as tech-savvy as the major banks are), they're a pleasure to deal with and always very helpful. I'll be a customer for as long as I live in the area.