Penn East offers a range of savings account types because you have different reasons you save. If you want to establish membership at Penn East or if you’re looking for a source for checking overdrafts, a Share Savings account would be the right solution for you.
If you have a larger balance and would like to earn a higher dividend rate, but still want convenient access up to 6 times per month, a Money Market Savings account is an attractive and flexible way to accomplish your goals. A Share Certificate Savings account would be best if you’re growing your wealth over time and can commit to not using your savings for an extended period, thus accessing a higher dividend return. Finally, if you’re diligently saving for a vacation or holiday expenses, a Club Savings account is a great way to stay on track.
Which Savings Account is Best for Me?
Savings Boost
Savings made easy! Make progress toward your financial goals effortlessly. With our Savings Boost program, enrolling is all it takes to start saving. Every time you use your debit card for a purchase, we’ll round up the amount to the nearest dollar and deposit the rounded-up amount directly into your chosen PEFCU savings account.
It’s easy. For example, if you spend $3.25 on a cup of coffee, we’ll automatically transfer $0.75 to your designated PEFCU savings account.* Rest assured, if your checking account balance is insufficient to cover the transfer, no money will be deducted.
Start boosting your savings today! Enroll in our Savings Boost program and let your everyday purchases work towards your financial future.
*This is for Savings accounts only. Certificate Accounts are excluded from this program
Compare Savings Accounts
Type
Opening Deposit
Ongoing Deposits
Withdrawals
Minimum to Earn
Minimum Maintained Balance
Use as Overdraft Protection?
Share Savings Account
Opening Deposit
-
Ongoing Deposits
Unlimited
Withdrawals
Minimum to Earn
$100
Minimum Maintained Balance
$0
Use as Overdraft Protection?
No
Money Market Account
Opening Deposit
-
Ongoing Deposits
Unlimited
Withdrawals
Minimum to Earn
$100
Minimum Maintained Balance
$0
Use as Overdraft Protection?
No
Share Certificate Accounts
Opening Deposit
-
Ongoing Deposits
Unlimited
Withdrawals
Minimum to Earn
$100
Minimum Maintained Balance
$0
Use as Overdraft Protection?
No
Club Savings Accounts
Opening Deposit
-
Ongoing Deposits
Unlimited
Withdrawals
Minimum to Earn
$100
Minimum Maintained Balance
$0
Use as Overdraft Protection?
No
Do you have our smartphone app?
Mobile banking that respects and rewards your time.
Life is truly mobile when you download the free Penn East smartphone app for iPhone and Android. Input your online banking login credentials and immediately see your balances, move money, pay your loans or other bills, deposit checks, and much more! Concerned about security? PEFCU’s smartphone app carries the same industry standard encryption as online banking and adds a biometric security using your fingerprint or retina scan (if supported by your device) for even more protection.
Open My Penn East Account
Start Online: It’s Fast, and Easier Than You Think.
You’re welcomed to begin banking with Penn East if you live or work in Lackawanna, Luzerne, Wayne, or Wyoming County. Begin here by clicking the link below or visit one of our 5 local branches and sign up in minutes.
