1Offer valid from 5/4/2020 − 6/14/2020. Must receive at least $1200 in deposits in your checking account within 90 days of account opening and make 5 debit card purchases in the first 90 days. Only available to new personal checking members who do not have an existing checking account and qualify for an Access America Account. Once the criteria is met, the bonus will be credited to the new personal checking account no later than 120 days from account opening. Account must remain open, active and in good standing (no negative balance) at time bonus is distributed. PenFed will issue an IRS form 1099 reporting the value of the bonus. One bonus per member.
2Account is a variable rate account. APY (Annual Percentage Yield) of .50% applies to accounts with a daily balance of $20,000-$50,000 and a monthly direct deposit of $500 or more. APY of .20% applies to accounts with a daily balance less than $20,000 and a monthly directly deposit of $500 or more. APYs are valid as of last dividend declaration date of May 8, 2020 and are subject to change at any time. Fees may reduce earnings on account. Minimum deposit of $25 required to open account.