• AccessAmerica Checking

    See how much better you can do with your money.

    Open an Account 

    Find freedom for your financial future when you unlock
    PenFed’s full suite of products and services. It all starts with Access.

    Federally Insured by the NCUA

    Superior Dividends

    Put every deposit to work.

    Earn dividends with direct deposits of $1,000 or more AND an average daily balance between $5,000 and $50,000 per statement cycle.1 

    1st Tier $0 - $4,999.99  0% 0%
    2nd Tier $5,000 - $19,999.99  0.25% 0% - 0.19%
    3rd Tier $20,000 - $50,000  0.60% 0.19% - 0.44%

    This is a variable rate account. Tiers and dividend rates are subject to change.

    Click here for an example of Dividends Earned.  

    Identity Protection

    Help you better protect
    your sensitive information.

    Primary account holders get one year free identity theft protection from Equifax® — a $155 value,2 plus great dividends.

    After one year, this product is just $2.95/month;
    joint account holders may sign up for $2.95/month.

    • Credit report monitoring by Equifax
    • Automatic fraud alerts3 
    • WebDetect™4 scans the web for suspicious
      use of your personal info
    • Up to $25,000 of Identity Theft Insurance5 

    Open an Account 

    Easy Access

    Your money is at your fingertips.

    • Over 56,000 free ATMs
    • Free online bill payment
    • Overdraft protection*

    *This is a line of credit for qualified applicants.

    Open an Account 

    Exceptional Terms

    We keep it simple.




    Opening Deposit

    PLUS no monthly service fee for daily balance or a monthly direct deposit of $500 or more.

    Unparalleled Service

    You’re a member, not a number.

    Our online and mobile banking experience is world-class. And Member Service is there to answer your call. Plus, when you become a member, you'll be able to tap into
    low-rate mortgages, credit cards and other benefits. See how much better you can do with an Access America Checking Account.

    Open an Account 

    1 Dividends
    Account is a variable rate account. APY is valid as of last dividend declaration date of May 1, 2015. APY and tiers are subject to change at any time. Fees may reduce earnings on account. Minimum deposit of $25 required to open account. When an account is terminated prior to the end of a statement cycle, dividends will be paid if the aggregate direct deposit requirement is met on the date of account termination.

    2 Value
    For primary account holders, no payment is required for the first year. Twelve months after your account opening date you will be able to continue your subscription at a cost of $2.95 per month. If you agree to continue your subscription, the $2.95 fee will be charged each month to your PenFed Access America account. Access America joint account holders are offered the product for $2.95 per month. After successfully completing enrollment in the identity theft protection product, PenFed will charge your Access America account $2.95 each month you continue your subscription. You may cancel at any time; however, we do not provide partial or full refunds. A minimum $25 opening deposit is required.

    3 Fraud alerts
    The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

    4 WebDetect™
    WebDetect will scan for your Social Security number (if you choose to) and up to 10 major credit/debit card numbers you provide. WebDetect scans thousands of internet sites where consumers’ personal information is suspected of being bought and sold, and is constantly adding new sites to those it searches. However, the internet addresses of these suspected internet trading sites are not published and frequently change, so there is no guarantee that WebDetect is able to locate and search every possible internet site where consumers’ personal information is at risk of being traded.

    5 Identity Theft Insurance
    Identity theft insurance is underwritten by subsidiaries or affiliates of American International Group, Inc. The description herein is a summary and intended for informational purposes only and does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions and exclusions of coverage. Coverage may not be available in all jurisdictions.