If you’ve been a Patelco member for at least 10 years as of December 31, 2024, then you don’t need to have a Patelco checking account in order to earn the premium rates on this Certificate promotion. Thank you for being a long term member and trusting us on your financial journey!
If you have been a member for less than 10 years as of December 31, 2024, then you need to have an open Patelco checking account (under the same membership number) and deposit a minimum of $500 total each month to that checking account to qualify for the premium Certificate rate. The checking account must be open prior to opening your Certificate. The deposit requirement must be met by the end of the 2nd calendar month following the opening of your Certificate. For example, if you open your Certificate on March 15, 2024, you must be depositing a total of $500 monthly by May 31, 2024, and in every month thereafter while your Certificate is open.
If you fail to have an open Patelco checking account and/or don’t meet the monthly $500 minimum deposit requirement, your Certificate APY will be reduced to the lower standard rate and will not be reinstated thereafter.
More details may be found in the Certificate Account Overview.