Savings Accounts
A wide range of accounts to support your biggest goals (and small ones, too). Explore our saving solutions tailored for your unique needs.
Regular Savings
A regular savings account for all your savings goals. Required for membership and we’ll deposit $1.
Money Market Plus
Make the most of your Patelco banking relationship with a rate as high as 4.00% APY.1
Kids Savings
Teach kids to be money smart at an early age with their own savings account.
Certificates
Like a CD, a certificate delivers secure earnings with a guaranteed return.
Savings benefits to fit your life and goals
Mobile Banking Made Easy
Access your money and accounts and set up savings goals with our top-rated Mobile App.2
30,000+ Fee-free ATMs
Find one near you on our Mobile App.
Unlimited Deposits
Set up monthly direct deposits or automatic transfers and grow your savings.
Overdraft Protection for your Checking Account
Link to your checking and pay no overdraft fees.
Insured by NCUA
Safe, secure way to save.
RoundUp
Each time you make a purchase with your debit Mastercard® we’ll round up the amount to the nearest dollar and deposit it into your savings.
Access your money on the go with mobile banking
Securely log in to Patelco Online™ or our easy-to-use app to check your balance and FICO® score for free, send money, pay bills, make a mobile deposit, set up account alerts, and more. Get started today with Patelco Online™ and our top-rated Mobile App.2
Savings Account FAQs
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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 Share 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.Simply download this pre-filled form, sign it, and submit it to your employer’s payroll department. Simple as that! Alternatively, if your employer has an HR portal that allows you to set up direct deposit by inputting your account number and routing number, you can get those here
No. There’s no monthly fee and no minimum balance requirements.
When you join Patelco, you become a member and a shareholder. The $1 we deposit into your shares savings account is your “share” in Patelco. As a member-owner – your voice is heard. With other for-profit banks or fintech, you are a customer who buys something, or a client who receives a professional service in return for a payment.
RoundUp is an automatic savings tool that helps you save with every purchase. Every time you use the debit card linked to your checking account, we’ll round up to the nearest dollar and transfer the difference from your checking to your savings account of your choice. So, if you spend $5.75 at the coffee shop, we’ll round up the purchase to $6.00, and transfer $0.25 to your savings. Every cent counts toward growing your savings!
To enroll, log in to Patelco Online™ or the Mobile App, and navigate to the main menu, then select Accounts, then RoundUp. For Plus Checking accounts, please contact us to enroll.
1 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% will be defaluted for that month. 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.
2 Source: over 22,000 five-star reviews on the App Store.