Money Market Select
Named The Best Money Market Account in 2021 by Investopedia1
- 1.00% APY on balances up to $2,0002
- Liquid savings
- No monthly fees, no minimum balance
- Dividends paid monthly
- Free checks
- Use our calculator to calculate your blended APY
- Check today's interest rates
Regular Savings
A savings account with above-market interest.
- Dividends paid monthly.
- No monthly fee
- No minimum opening deposit
- 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 principal3
- $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-advantaged, guaranteed earnings4.
All IRAs have these benefits:
- Withdrawals that are penalty-free once IRA owner reaches 59 1/2
- Possible tax deductible contribution 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.4
All Roth IRAs have these benefits:
- Funded with after-tax dollars
- Withdrawals are tax-free4
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 kids to be money smart at an early age.
- No monthly fees
- No minimum deposit or balance
- Your first $1 deposit is on us!
- Up to age 17
- Check today’s interest rates
Teach kids to be money smart at an early age.
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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REGULAR SAVINGS |
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$0/month OPEN TODAY |
Dividend-paying account No minimum opening deposit No minimum balance |
Unique Features
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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.
- Sources: Investopedia
- APY=Annual Percentage Yield. Rates are valid as of 10/15/2021 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.
- 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. Consult a tax advisor about IRA tax advantages.