Get an exclusive $750 bonus with PenFed Credit Union by opening a new Premium Online Savings account and funding it with new money. Learn how to qualify for this limited-time offer today!
The offer ended, here’s an updated version.
Introduction: PenFed Credit Union is offering targeted new and existing members a limited-time offer: you can earn up to a $750 bonus by opening a new PenFed Premium Online Savings account and meeting specific funding criteria. Available nationwide to anyone who becomes a PenFed member, this offer is an excellent way to get more from your savings efforts.
Let’s explore the steps you need to take to secure this bonus.
Recent Updates:
- Update 9/12/25: The offer is back.
- Update 3/5/2024: The offer is back and now expires on 3/31/24.
- Update 12/20/2023: The expiration date is fast approaching! Hurry to take advantage of the amazing offer. Here are other bank offers to consider.
Established in 1935 and headquartered in Alexandria, Virginia, PenFed CU has around 50 locations throughout these states: CA, DC, FL, GA, HI, KY, MD, NC, NE, NM, NY, PA, TN, TX, VA. Membership is available nationwide so all U.S. residents can take advantage of their offers.
[su_panel shadow=”3px 3px 3px #eeeeee” radius=”2″]PenFed Credit Union Membership Info:
Membership in PenFed Credit Union is open to anyone through membership in Voices For America’s Troops ($17 one-year membership fee) or the National Military Family Association ($17 donation). Membership is also open to the following: (1) members of the United States Military and Uniformed Services; (2) employees of the U.S. government; (3) live or work in Fort Hood, Fort Gordon, Fort Shafter, Belvoir, Virginia and other select military or U.S. government locations; (4) employees of American Red Cross, Anderson Air Force Base, and over 100 Select Employer Groups; (5) members of Marine Corps League, National Military Family Association, and over 40 military-related associations; (6) and to immediate family of those who are eligible. (Complete membership requirements are listed in the credit union’s online application). See current membership info.
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READ MORE: GET TOP BONUSES FROM CHASE, AXOS, AND BMO.
Penfed Credit Union $750 Savings Offer
- What you’ll get: $750 bonus
- Where it’s available: Nationwide via membership
- How to earn it:
- Open a PenFed Premium Online Savings Account
- Deposit New Funds: Deposit up to $50,000 into your account from an external, non-PenFed affiliated account. Internal transfers within PenFed do not qualify.
- Maintain the Balance: Keep the new money plus your existing balance in the account
- Increase Your Total PenFed Balances: Your overall balances at PenFed must be higher by the end of the promotional period.
- Stay in Good Standing: Your account must remain open and in good standing when the bonus is credited.
- Receive the Bonus: You will get a $150 bonus for every $10,000 deposited, up to a maximum of $750 per member.
- When it expires: 9/30/25
Trending Checking Account Deal:
Waive The Monthly Fee
There are no monthly fees for this account.
Fine Print
- Offer is valid for all PenFed Premium Online Savings account holders.
- Offer Details: During the Offer Period or before 12/30/2023, make deposits of up to $50,000 from an external account into your PenFed Premium Online Savings account External funds are considered any new money deposited into your account from an account not affiliated with PenFed. Funds transferred internally within PenFed accounts do not qualify for this offer. The new money plus your existing balance must remain in the PenFed Premium Online Savings account from 12/30/23 to 4/30/24 to be eligible for the Bonus Offer.
- Your total balances at PenFed must increase by the end of the promo period. Upon meeting the Offer qualifications, you will receive a $150 bonus for every $10,000 deposited into your account. Maximum bonus received is $750 per member.
- Your promotional bonus will be reported in your year-end Form 1099-INT as taxable income. Bonus will be credited to the account in the form of a statement credit.
- Your account must stay open and be in good standing when bonus is credited to your account. Please allow up to 60 days for the Bonus to appear in your account.
- We reserve the right to modify or revoke this Offer at any time, without notice. If we determine that abuse or gaming has occurred in connection with this Offer, your eligibility and bonus may be null and void.
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Our Take on the Bank Bonus
This is one of the best bank bonuses we’ve seen. Definately worth considering.
See more:
- PenFed Credit Union – Get Up to $150 Bonus with New Checking – Ends 10/31/25
- PenFed Credit Union Bonus: Earn Up to $850 with New Accounts
- Penfed Powered by Purefy Student Loan Refinancing Review: Unique Options For Borrowers
- Penfed Credit Union Promotion: $500 Checking & Savings Bonus (Nationwide) – Ended
- Penfed Credit Union $200 Checking Bonus (Nationwide) – Ended
- PenFed’s Car Buying Service $350 Cash Bonus – Ends 4/30/23
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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