Money Market Plus

Earn 3.00% APY1 with no monthly fees and a rate above the national average.

Grow your savings faster with one of the best Money Market accounts around

Patelco’s Money Market Plus account offers an outstanding rate that’s 5x the national average2 and lets you make the most of your banking relationship with Patelco.

With this account, you can grow your savings faster, plus manage your money with ease and security knowing that your money is insured by the National Credit Union Administration (NCUA).

To qualify for the 3.00% APY, you must also have a Patelco checking account open under the same membership and make a minimum of $500 in recurring monthly deposits to the checking account.

Read our Account Overview for additional details on the Money Market Plus account’s key features and requirements.

High-yield savings account with no fees

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Insured by NCUA

Your money is insured up to $250,000 ($500,000 for joint accounts)


30,000+ fee-free ATMs

Find one near you on our Mobile App

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Top-rated Mobile App3 and online banking

Access your accounts on the go

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Choose the best checking account for you

Open a Free Checking with no monthly fees, or explore other checking account options

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Easy account transfers

Move your money between linked Patelco accounts or external accounts to take advantage of the high-yield rate

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Get paid up to 2 days faster with direct deposit4

Complete this form, or log in to online banking to set up direct deposit for your Patelco Checking account

Money Market Plus

Rates Effective 5/3/2023

Requirements Met5

Requirements Met2

Min BalanceAPY1RateDividends Paid
182811Yes$0.003.00%2.96%Monthly03/05/202330,000+ fee-free ATMs

Frequently Asked Questions about Money Market Plus

    Yes. You need to have a Patelco checking account and deposit a minimum of $500 total each month to qualify for the higher rate of 3.00% APY. Upon opening your Money Market Plus account, you’ll have up to 3 months to meet this requirement.

    You’ll automatically enjoy the 3.00% APY 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.

    The good news is once you establish the $500 deposit during a month, you will receive the high interest rate of 3.00% APY the following month.

    More details may be found in our Account Overview.

    No. There’s no monthly fee and no minimum balance requirements.

    You’ll earn the variable interest rate of 3.00% APY when you open the account and for the 3 months following. If you want to earn the higher interest rate after that, you’ll need to meet the qualifying requirements.

    If you do not meet the qualifying requirements by the 3rd calendar month after the account is open, you’ll earn the Regular Savings interest rate. Once you meet the requirements, you’ll start earning the higher interest rate 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.

    If you haven’t made the $500 deposit requirement by the 3rd month after the account is opened, or if you missed a month of making a $500 minimum deposit after the initial 3-month introductory period, your Money Market Plus account will earn the Regular Savings interest rate the following month.

    Qualify for the 3.00% APY by making a deposit any of these ways:

    • Switch your paycheck or government check to Patelco direct deposit (plus get paid up to 2 days early!)3
    • ACH transfers from another bank
    • Zelle, Venmo, or other digital payments
    • Anywhere Deposit
    • Wire transfers
    • Cash or check deposits at a branch or ATM
    • Multiple qualifying deposits totaling at least $500 in a calendar month

    Keep in mind that qualifying deposit transactions do not include Patelco account-to-Patelco account transfers.

    More details may be found in our Account Overview, including which deposits qualify and which do not.

    Yes. Your Money Market account is insured by NCUA for up to $250,000 (or $500,000 in a joint account for two people).

    Patelco is a member owned, not-for-profit financial cooperative. When you join Patelco, you become a member and a shareholder. That’s why we’ll also open a Regular Savings account and deposit one share ($1) in your account when you join.

    Our mission is to help members achieve lifelong financial wellbeing so you can live happier, fuller lives.

    Unlike the big banks or other for-profit financial institutions, we invest our profits back in our members with better rates and low to no fees.

    We also offer free financial advice to anyone who wants to improve their financial situation. Members have told us that they feel seen, heard, informed, and supported to make more confident financial choices.

    Membership is free and comes with great benefits. You become a member when you open an account with us.

Open your Money Market Plus account today

Build your emergency fund, save for a large purchase or vacation, or just maximize your return with a Patelco Money Market Plus account.

  • No monthly fees, no minimum balance
  • 3.00% APY with a qualifying Patelco checking account and ongoing monthly $500 minimum deposit
  • Transfer money with ease between your accounts to keep earning the high savings yield
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1 APY=Annual Percentage Yield. Variable rates are valid as of 5/3/2023 and are subject to change after account opening without notice. A Patelco checking account (opened under the same Member Number) with a total monthly deposit of $500 or more is required to receive the higher interest rate (dividend rate). If the Money Market Plus account does not meet the requirement 3 calendar months after the account is opened, the lower interest rate of 0.05% APY will be applied to the account until the requirements are met. 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.

For more details, read our Money Market Plus Account Overview.

2 Informa as of 4/17/2023.

3 Source: over 22,000 five-star reviews on the App Store.

4 Early access to direct deposit funds depends on the timing of the receipt of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

5 Requirements: To qualify for the higher yield dividend rate, you must have an open checking account under the same Member Number as the Money Market Plus account, with a minimum of $500 in qualifying deposits each month into the checking account. In any month the requirements are not met, the dividend rate paid on the Money Market Plus account in the following month will be the same as the Regular Savings rate. Money Market Plus is not available for IRA.


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