I recently initiated the process to do a partial rollover (transfer) from a money market in my Fidelity IRA account to a 7-year IRA CD at Pentagon Federal Credit Union (PenFed). The CD rate is 3.5% through the end of November 2010, and the withdrawal penalty is one year of interest (if you withdraw funds from the CD before one year, you sacrifice all interest, but get all of your principal back). Following is a summary of my experience with PenFed so far, and the reasoning that led me to go for the PenFed CD.