Patelco makes growing your money simple and rewarding — thanks to these three smart savings options that give you more flexibility, stronger returns, and a clear path toward a more secure financial future.
Explore Savings SolutionsA high-yield Money Market account gives you the best of both worlds: competitive rates and easy access to your funds when you need them.
A Certificate can maximize your earnings with a predictable return and zero surprises, while your funds remain untouched for a set period.
Pair a Money Market with a Certificate for a well-rounded savings plan that balances the liquidity of a Money Market with the guaranteed returns of a Certificate.
Looking for high-yield savings with flexibility? Our Money Market accounts deliver a great rate while giving you easy access to your money when you need it. It’s a smart way to keep your cash growing — even when you want to keep it close.
Money Market Select is a great place to start — you’ll earn a solid 2.00% APY1 on your first $2,000, with no minimum balance required.
To boost your earnings even more, step up to Money Market Plus* and enjoy rates starting at 3.00% APY2 – and go up to 4.00% APY – as your balance grows.
* A Patelco Checking account with $500+ recurring monthly deposit is required to earn the higher tier rates on Money Market Plus. Click here to open a Free Checking account.
Looking to earn even more? A Certificate lets you lock in a higher rate for a set term – the longer the term, the more you can earn — and your return is guaranteed! Choose the term that works best for your timeline, then lock in rate up to 4.00% APY3 for steady, reliable growth.
Saving money isn’t just about putting cash aside — it’s about giving your money the chance to grow over time. The earlier you start saving, the more time your money has to work for you. Even small, consistent contributions can add up to something big when you let them grow over the years. Let’s look at how an investment can grow over 20 years.
Your money is insured up to $250,000.00 ($500,000.00 for joint accounts)
Access your money on the go with our top-rated mobile app5 and online banking
Move your money between linked Patelco accounts or external accounts to take advantage of the high-yield dividend rate
No. We don’t charge a monthly fee or require a minimum balance to waive the monthly fee.
Yes. You need to have a Patelco checking account and deposit a minimum of $500 total each month to the checking account to qualify for the higher rate in your Money Market Plus account. Upon opening your Money Market Plus account, you’ll have up to 3 months to meet this requirement.
You’ll automatically enjoy the higher APY based on the deposit tier you maintain during those 3 months.
If you don’t have a Patelco checking account or if you have a Patelco checking account but don’t meet the monthly $500 minimum deposit requirement, your Money Market Plus account will earn the Regular Savings interest rate currently at 0.05% APY.
The good news is once you establish the $500 deposit during a month, you will receive the higher interest rate the following month, based on the deposit balance you maintain.
More details may be found in our Account Overview.
The Money Market Plus account offers a tiered rate based on your daily account balance in the account. Plus, you must have a Patelco checking account that meets the monthly recurring deposit requirement of $500 or more.
The following variable interest rates will apply to your account balance: 4.00% APY on balances of $250,000.00 or greater, 3.75% APY on balances between $100,000.00 and $249,999.99, 3.51% APY on balances between $50,000.00 and $99,999.99, 3.00% APY on balances up to $49,999.99.
You’ll automatically earn the tiered rate listed above based on the daily account balance maintained when you open the account and for the 3 months following. If you want to continue earning higher interest rate after that, you’ll need to have a Patelco checking account (under the same membership) with monthly recurring deposits of $500 or more into the checking account.
If you do not meet the qualifying checking account requirements by the 3rd calendar month after the account is open, you’ll earn the Regular Savings interest rate, which is currently at 0.05% APY, regardless of the balance you maintain.
Once you meet the requirements, you’ll start earning the higher interest rate in the applicable balance tier the following month.
Keep in mind the APY (Annual Percentage Yield) is a variable rate and may go up or down depending on the rate environment.
More details may be found in our Account Overview.
Certificate accounts give you a fixed dividend rate and APY over the specified term. On certificates with terms less than 12 months, dividends are compounded and credited at maturity. For certificates with terms longer than 12 months, dividends are compounded and credited monthly on the last of the month.
1 APY=Annual Percentage Yield. Rates are valid as of 08/01/2024 and are subject to change after account opening without notice. Interest is paid at tier rates on balances within each tier. Total interest paid is the sum from each tier. Blended APY shown assumes the amount entered is held in the account for one year. Withdrawing funds before one year will result in a different realized rate. No minimum deposit required to open an account. Limit one Money Market Select Account and one Money Market Select IRA Account per account number.
2 APY=Annual Percentage Yield. Rates are effective as of 06/01/2025 and are subject to change before or after account opening without notice. Rates vary by tier and apply to the full balance.
The following variable interest rates will apply to your account balance: 4.00% APY on balances of $250,000.00 or greater, 3.75% APY on balances between $100,000.00 and $249,999.99, 3.51% APY on balances between $50,000.00 and $99,999.99, 3.00% APY on balances up to $49,999.99.
In order to attain higher interest rates the account must meet the eligibility requirements, that is a Patelco checking account (opened under the same Member Number) with a total monthly deposit of $500 or more. If the account fails to meet eligibility, the lower interest rate of 0.05% APY will be defaulted. Qualifying deposit transactions include: Payroll direct deposits, Social Security (or other government benefit) direct deposits, ACH transfers, Zelle®, Venmo, PayPal or other similar deposits, cash deposits, check deposits (except checks written from another Patelco account), wire transfers, multiple deposits (of the types listed above) that add up to at least $500 in a calendar month. Qualifying deposit transactions do not include Patelco account-to-Patelco account transfers, chargebacks or promotional incentive payments from Patelco.
For more details, read our Money Market Plus Account Overview.
3 APY = Annual Percentage Yield. Terms and conditions may vary by account
4 Based on $20,000 initial investment earning 4.00% APY, 3.93% APR, compounded monthly over 20 years.
5 Source: over 22,000 five-star reviews on the App Store.
You can open a Money Market or Certificate account using the links above. If you prefer talking with someone, connect with us here, stop by a local branch, or meet online using our Virtual Branch™