We also analyzed and ranked each institution by individual term. For the star rating, we ranked each institution on 11 data points within the categories of APY, minimums, compound interest schedule, customer experience, digital experience, available terms and overall availability. To create this list, Forbes Advisor analyzed 142 CD accounts across 84 financial institutions, including a mix of traditional brick-and-mortar banks, online banks and credit unions. Read our full PenFed Credit Union Review. You can use the funds to renew your certificate, transfer the funds into another PenFed account or have a check mailed to you.

This gives you some additional flexibility in deciding what you’ll do with the funds in your account when it matures. With PenFed, you choose your maturity option-whether or not to have the certificate automatically renew-when you open your certificate account and can change it at any time before maturity. You can join PenFed Credit Union by opening a savings account with an initial deposit of $5. When a CD is issued by a credit union rather than a bank, it’s referred to as a share certificate. One quick tip: Don’t let the “money market” in this certificate’s name confuse you this is a share certificate, not a money market account. The credit union gets excellent customer satisfaction scores and it offers a highly rated mobile app for iOS and Android. Its six-month certificate pays a competitive 3.00% APY. Because of this, our employees, customers, shareholders and communities can rely on us to be their banking partner for decades to come.PenFed Credit Union pays competitive yields on nine different certificate terms, ranging from six months to five years. United Bank is backed by a history of safe, sound and secure banking practices that have allowed us to navigate through decades of changing economic environments.

With close to 250 locations and approximately 3,000 employees, our mix of competitive products, combined with a high level of service and a focus on relationships is an overwhelming value proposition for our customers.

We are growing to satisfy the continued demand for a bank that focuses on service. United Bank isn't just growing to get bigger. While we offer competitive products, services, rates and technology, the level of service we provide and our commitment to building relationships is what sets us apart from our competitors. We are committed to providing each relationship with an unmatched level of service. At United Bank, we value all of the relationships we have built since 1839.

United bank va cd rates