PenFed Checking & Savings

PenFed Checking & Savings


When you apply for our products and services, you support AMAC’s mission and play a role in supporting the achievement of those objectives.

AMAC members are eligible to apply – even with no military experience.


Lock in a great rate and let your money work better for you.

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Earn more with rates higher than the national average for Premium Online Savings.

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Premium Online Savings qualifies as a membership account so with this account, you are eligible for other products and services as well.


Make the most of your money with convenience and earning.

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If you already have a Power Cash Rewards Visa Signature® Card ,  you can increase your reward to 2% cashback on all purchases by opening an Access America Checking account*.


Speak with a PenFed Member Service Representative by calling 855-278-1157.

Federally Insured by NCUA. To receive any product, you must become a member of PenFed Credit Union.

*Once you’re approved for the PenFed Power Cash Rewards Card, you can open a checking account (except a PenCheck Limited Account) and receive an additional .50% reward increase. You must be primary owner on both credit card AND checking account to receive Honors Advantage bonus rewards. If no checking account is open at the time of the Power Card application, the .50% reward increase will be added within one business day of opening the checking account.

You must maintain the checking account in order to receive the 2% cash back. If you close your checking account, then you’ll receive the standard 1.5% cash back.

Refer to the PenFed Power Cash Rewards Visa® Rewards Program Terms and Conditions

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