Grow your savings faster with one of the best Money Market accounts around
Like a savings account, our Money Market account pays interest and is insured by the National Credit Union Administration (NCUA). The difference is that Money Market account typically offer higher rates than a traditional savings account and lets you write checks.
At most banks, only accounts with very high balances can enjoy higher rates. But at Patelco, the first $2,000 deposited into our Money Market account earns the highest interest rate. We care about every member’s financial well-being and are committed to helping and encouraging savers to build good savings habits.
Product Benefits
Top-rated Mobile App and Online Banking
Access your accounts on the go
Unlimited Deposits
Set up monthly direct deposits or automatic transfers and grow your savings
30,000+ Fee-free ATMs
Find one near you on our Mobile App
Overdraft Protection for your Checking Account
Link to your checking and pay no overdraft fees
Free Checks3
Limited to 3 per month
Insured by NCUA
Safe, secure way to save
Money Market Select Account & Money Market Select IRA
Rates Effective 12/1/2022Term |
Tier |
Min. Balance |
Max Balance |
APY1 |
Rate |
Dividends Paid |
|---|---|---|---|---|---|---|
| None | 1 | $0.00 | $2,000.00 | 2.00% | 1.98% | Monthly |
| None | 2 | $2,000.01 | $5,000.00 | 1.50% | 1.49% | Monthly |
| None | 3 | $5,000.01 | $10,000.00 | 1.00% | 1.00% | Monthly |
| None | 4 | $10,000.01 | $50,000.00 | 0.25% | 0.25% | Monthly |
| None | 5 | $50,000.01 | $100,000.00 | 0.20% | 0.20% | Monthly |
| None | 6 | $100,000.01 | $9,999,999.99 | 0.15% | 0.15% | Monthly |
Money Market Calculator
| Deposit Distribution | APY |
|---|---|
| $0.00 | 2.00% |
| $0.00 | 1.50% |
| $0.00 | 1.00% |
| $0.00 | 0.25% |
| $0.00 | 0.20% |
| $0.00 | 0.15% |
Enter your deposit amount to see how much your savings can earn each year.2
Frequently Asked Questions
A Money Market IRA is a good option if you want insured retirement savings or if you are in transition, such as consolidating your previous employer’s 401k or deciding what to do as you’re starting out:
- 2.00% APY on balances up to $2,000.001
- No monthly fees, no minimum balance
- Deposits and withdrawals subject to IRA limitations4
1 APY=Annual Percentage Yield. Rates are valid as of 12/1/2022 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 This calculator is for illustrative purposes only and does not reflect the actual results of any specific deposit amount.
3 The maximum number of checks that may clear is three (3) in any calendar month period. Certain withdrawal limits apply to Money Market Accounts and contributions to and withdrawals from the Money Market Select IRA Account are subject to IRS limitations, be sure to view the Member Handbook for details.
4 Consult a tax advisor about IRA tax advantages.