Web site: www.penfed.org
Contribute a one-time fee of $20 to the National Military Family Association or $15 to Voices for America’s Troops. You must also open a $5 savings account.
Open a Complete Access Checking account with a $25 deposit. You can avoid the monthly fee by keeping a $500 minimum balance or by scheduling a recurring direct deposit. First box of checks is free. If you meet certain qualifications, you can scan and deposit your checks from anywhere. Free access to about 75 proprietary ATMS, plus about 2,5000 surcharge-free worldwide.
PenFed Platinum Rewards Visa card guarantees a 9.99% interest rate through June 30, 2014. You earn five points per dollar spent on gas, three points on groceries and one point for all other spending. Spend $1,000 in the first three months and earn up to 20,000 points. With the PenFed Premium Travel Rewards American Express card, you earn five points for each dollar spent on airfare and one point on everything else. It also guarantees a 9.99% interest rate through June 30, 2014. The no-fee Visa Platinum Cash Rewards card gives you 5% back on gas purchases and 0.25% on other spending. None of these cards has an annual fee or charges a foreign transaction fee.
Fixed-rate 30-year conforming mortgages at 4.00%. A 5/5 ARM has a rate of 3.0%; PenFed pays up to $10,000 in closing costs for this loan.
Pentagon Federal Credit Union