Tiered Savings
A low-fee account with above-market interest.
- Low- to no-cost, dividend-paying account*
- No opening deposit
- Check today's interest rates
* $5.00 minimum savings balance fee unless you maintain a $150 minimum balance for all share accounts, have a Patelco loan or credit card, have a Plus Checking Account or Free Checking Account, or are a Commitment Household member.
Money Market Select
Earn one of the highest rates in the nation*
- 3.00% APY* on balances up to $2,000
- Liquid savings
- No fees, no minimum balance
- Dividends paid monthly
- Free checks
- Up to 6 withdrawals or transfers per month2
- Use our calculator to calculate your blended APY
- Check today's interest rates
Share Certificates
Similar to a certificate of deposit (CD), secure earnings with a guaranteed return.
- Terms from 3 to 60 months
- Guaranteed return on principal1
- $250 minimum opening deposit and balance
- Compounded dividends paid monthly
- Balances insured up to $250,000 through NCUA
- Check today's certificate rates
Traditional IRA
Enjoy tax-advantaged1, guaranteed earnings.
All IRAs have these benefits:
- Withdrawals that are penalty-free once IRA owner reaches 59 1/2
- Possible tax deduction, based on income and retirement plan participation
Deposit products held in your IRA offer:
- Guaranteed return on principal with automatic renewal at maturity
- Share Certificate account option with competitive rates and terms from 3-60 months
- Money Market Select Account options with competitive tiered rates and no minimum
- Minimum IRA Certificate opening deposit of $250
- Withdrawals are penalty-free once IRA owner reaches age 59 1/2
- Federally insured up to $250,000
- Learn more about IRA contributions
- Check today's IRA interest rates
Roth IRA
Secure earnings with tax-free growth and withdrawals.2
All Roth IRAs have these benefits:
- Funded with after-tax dollars
- Withdrawals are tax-free*
Deposit products held in your IRA offer:
- Guaranteed return on principal with automatic renewal at maturity
- Share Certificate account option with competitive rates and terms from 3-60 months
- Money Market Select Account option with competitive tiered rates
- Minimum IRA Certificate opening deposit is $250; no minimum deposit for money market
- Federally insured up to $250,000
- Learn more about IRA contributions and limits
- Check today's IRA interest rates
Coverdell Education Savings Account (ESA)
Tax-deferred savings for all things education.
- Savings for elementary, secondary, and higher-education expenses
- Share Certificate account option offers competitive rates with terms from 3-60 months
- Money Market Select Account option offers competitive tiered rates
- All interest earnings and education expense-related withdrawals are tax-free
- Annual contribution limit is $2,000 per designated beneficiary
- $2 monthly fee
- Free for Patelco Commitment Household Members
- Learn more about ESA contributions
- Check today's interest rates
Holiday Club Savings
An easy, convenient way to save for the holidays.
- No monthly fee or deposit limits
- Make deposits anytime, in any amount
- Monthly automatic transfers from your Patelco Checking or Savings Account
- Automatically renews to help you save money for the next year
- Balance and dividends automatically transfer to linked Holiday Club share savings account on November 15
- $20 minimum to open
- Check today's interest rates
Youth Savings
Teach them the joys of saving
- Totally fee-free: no monthly, or low-balance fees
- No minimum deposit or balance
- Your first $1 deposit is on us!
- Ages 13-17
- Add a Checking Account and receive free first order of checks. You can also add an ATM Card or a Mastercard Debit Card*
*All Youth Account deposits must be made in branch. No ATM deposits accepted.
Start them off on the right financial foot
YOUTH SAVINGS |
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$0/month OPEN TODAY |
No monthly fee $1 opening deposit is on us No minimum balance |
Unique Features
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HOLIDAY CLUB SAVINGS |
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$0/month OPEN TODAY |
No monthly fee $20 opening deposit $20 monthly deposit minimum |
Unique Features
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TIERED SAVINGS |
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$5/month* OPEN TODAY |
Low-to no-cost, dividend-paying account No opening deposit No minimum balance Unlimited access to your funds |
*Monthly fee waived if:
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MONEY MARKET SELECT |
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$0/month OPEN TODAY |
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SHARE CERTIFICATE |
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$0/month OPEN TODAY |
Similar to a certificate of deposit (CD) $1,000 minimum opening deposit and balance
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TRADITIONAL IRA |
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$0/month OPEN TODAY |
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ROTH IRA |
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$0/month OPEN TODAY |
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COVERDELL EDUCATION SAVINGS ACCOUNT |
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$0/month OPEN TODAY |
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| Unique Features Coverdell ESAs can be used for elementary and high school expenses as well. |
Savings Calculator
How much should I save to reach my goal?
Secure savings benefits include:
Free Direct Deposit
30,000+ Fee-free ATMs nationwide
Mastercard® Debit Card
Mastercard® Debit Card
The convenient and secure way to pay in person or online
Online & Mobile Banking
Free Overdraft Protection
Free Overdraft Transfers
Free Overdraft Transfers
With your Money Market account as overdraft protection, there's no transfer fee to replace overdrawn funds.
† APY=Annual Percentage Yield. The Flexible Rising Rate Certificate will receive an automatic interest rate increase once per year on the anniversary date for the term of the certificate. For a period of ten (10) calendar days following the anniversary date you may withdraw some or all of your money with no penalty. Blended APY reflects the total interest that will be paid from all rising rates during the term of the certificate and assumes interest remains on deposit until maturity. At maturity, the Flexible Rising Rate Certificate will automatically renew as a standard, fixed share certificate of the same term at the prevailing rate. Minimum deposit is $250 for certificates and $250 for IRA certificates. Certificate dividends paid monthly. Penalty for early withdrawal for all certificates except as outlined above.
††According to fdic.gov/regulations/resources/rates/ as of December 10, 2018.
†††Ten-day grace period for withdrawals.
*APY=Annual Percentage Yield. Rates are valid as of 4/20/18 for balances up to $2,000 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. Blended APY by tier: $1 - $2,000 is 3.00% APY; $2,000.01 - $5,000 is 3.00% - 2.40% APY; $5,000.01 - $10,000 is 2.40% - 1.70% APY; $10,000.01 - $50,000 is 1.70% - 0.74% APY; $50,000.01 - $100,000 is 0.74% - 0.50% APY; $100,000.01 - $9,999,999 is 0.50% - 0.20% APY. No minimum deposit required to open an account. Limit one Money Market Select Account and one Money Market Select IRA Account per account number.
Source: Bankrate.com
- If you withdraw principal from a certificate account prior to maturity, an early withdrawal penalty will apply. Please see the Certificate Accounts section in the Patelco Member Handbook (PDF) for details.
- For certificates with terms 12-months or greater; otherwise dividends are compounded and paid at maturity. There is a penalty for early withdrawal for all Certificates. Please see the Certificate Accounts section in the Member Handbook and also review the Member Handbook Fee Schedule. Terms and conditions vary by account.
- APY = Annual Percentage Yield. Dividend Rates and Annual Percentage Yield (APY), are subject to change at any time.
- Consult a tax advisor about IRA tax advantages
- If you withdraw principal from a certificate account prior to maturity, an early withdrawal penalty will apply. Please see the Certificate Accounts section in the Patelco Member Handbook (PDF) for details.
- For certificates with terms 12-months or greater; otherwise dividends are compounded and paid at maturity. There is a penalty for early withdrawal for all Certificates. Please see the Certificate Accounts Member Handbook and also review the Member Handbook Fee Schedule. Terms and conditions vary by account.
- APY = Annual Percentage Yield. Dividend Rates and Annual Percentage Yield (APY), are subject to change at any time.
- Consult a tax advisor about IRA tax advantages
- If you withdraw principal from a certificate account prior to maturity, an early withdrawal penalty will apply. Please see the Certificate Accounts section in the Patelco Member Handbook (PDF) for details.
- For certificates with terms 12-months or greater; otherwise dividends are compounded and paid at maturity. There is a penalty for early withdrawal for all Certificates. Please see the Certificate Accounts section in the Member Handbook and also review the Member Handbook Fee Schedule. Terms and conditions vary by account.
- APY = Annual Percentage Yield. Dividend Rates and Annual Percentage Yield (APY), are subject to change at any time.
- Consult a tax advisor about IRA tax advantages
- A distribution from a Roth IRA is tax-free and penalty-free provided that the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, death, disability, qualified first time home purchase.