Pen Air making banking easy at the office, at home or on the go.




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Savings Options

Savings Accounts

Whether you are saving for college, buying a new home, planning a vacation, or rainy day funds, we have a Savings Account to fit your dreams. Pen Air offers short and long term insured options designed to help you reach your goals.

Membership begins with a Pen Air Savings Account.

  • A minimum opening deposit and maintained balance of $25 is required. This is your share in Pen Air and remains in your savings account.
  • Dividends are compounded daily and credited quarterly, helping you grow your money.
  • Manage your savings account 24/7 with Mobile and Online Banking.

Become a member today!

Account BalanceDividend RateAPY*
$75,000 and over0.449%0.450%

Already a member and want to open a secondary savings or a money market account? That’s easy!

Money Market Accounts

A Money Market account is a savings with the benefits of earning dividends, while also giving the functionality of writing checks. Money Market’s are a great option if you are looking to maintain or grow substantial liquid assets without the risk of losing principal – all while earning a competitive market rate.

Here are some of the features:

  • $2,500 minimum opening balance
  • No deposit limits
  • Free checks
  • Earns tiered dividend rates
  • Manage your Money Market 24/7 with Mobile and Online Banking
Account BalanceDividend RateAPY*
$200,000.00 and over0.559%0.600%

Round It

The Round It program rounds your debit card transactions up to the next dollar. The extra funds are transferred nightly to a special Round It savings sccount. Use this secondary savings account for something special or just know that as you make purchases, you are also saving.

Enroll in Round It:

  • Stop by any Pen Air location
  • Call us at 850.505.3200
  • Log into Online Banking and go to forms

Christmas Club

Christmas made smart – It’s never too early to start saving for the holidays! Pen Air offers a great solution for our members to not only save so that you can spend wisely but earn a little bit of a higher dividend with a Christmas Club account.

  • Minimum deposit of $25.
  • Set up automatic deposits and transfers.
  • Balance transferred to savings account in November for immediate use.
  • To renew the account simply make a deposit of any amount before March 31.
Christmas ClubDividend RateAPY*
Christmas Club0.499%0.500%

To open your Christmas Club account:

Certificate Accounts

Pen Air Certificate options can give you an even better interest rate to grow your money versus a Savings or Money Market Account. Certificates are non-liquid accounts, or time deposits ranging from 90 days to 5 years. This saving option is a very safe investment because it is a fixed dividend rate for the term of the Certificate.  A few of our Certificate’s offer an add-on option,  meaning  you can make deposits to the Certificate throughout the term.

  • Minimum deposit requirements vary depending on term.
  • Several terms to choose from ranging from 90 days to 5 years.
CertificatesDividend RateAPY*
3 month - Not offered for IRAs0.449%0.450%
6 month0.598%0.600%
12 month0.896%0.900%
15 month Add-On0.896%0.900%
18 month0.946%0.950%
24 month1.045%1.050%
36 month1.144%1.150%
48 month1.243%1.250%
60 month1.342%1.350%

Start growing your money!

Non-Certificate Accounts: *All annual percentage yields (APY) for non-certificate accounts are accurate as of the last dividend declaration date.
Certificate Accounts & Certificate IRAs: *All annual percentage yields (APY) for share certificate accounts and certificate IRAs are accurate as of September 16, 2020.
APY= Annual Percentage Yield. Penalties for early withdrawal on term share accounts. Rates on deposit accounts and specified accounts may change after account opening. Pen Air reserves the right to discontinue or modify offers at any time. No minimum to open any Pen Air checking account. Fees may reduce earnings.

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