Penfed "high yield" January CD promotion
- 3-Year: 3.00% APY
- 4-Year: 3.25% APY
- 5-Year: 3.50% APY
- 7-Year: 3.75% APY (down from 4.00% APY in December 2009)
On New Year's Day I put some cash into Penfed 5 year CDs. While the rate isn't wonderful, it's a reasonable parking place for now considering the financial strength of Penfed, federal deposit insurance (via NCUA), and a pretty reasonable six month dividend penalty for early withdrawal. Please note that these rates could disappear at any time, so I would grab these CDs ASAP if you're so inclined.