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On This Page
- At a glance
- Overall
- Patelco Credit Union bank products
- Bank fees
- About Patelco Credit Union
- Customer experience
- Review Methodology
At a glance
4.2
Rating: 4.2 stars out of 5
Bankrate Score
CDs
Rating: 4.5 stars out of 5
Checking
Rating: 4.7 stars out of 5
Savings
Rating: 3 stars out of 5
MMA
Rating: 3.9 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
About Bankrate Score
Overview
Patelco Credit Union is a full-service credit union offering a range of competitive deposit products, making it a worthwhile option for Northern Californians who meet the credit union’s requirements.
Highlights
- High APY
- Free Checking
Sponsored offers
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
About our Sponsored Offers
Our list of sponsored accounts may offer competitive rates, multiple times higher than the national average. All of these offers have FDIC or NCUA insurance, have competitive minimums and few fees. We’ve vetted the credit worthiness of these banks to simplify your search.
Member FDIC
Savings Account
4.25
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 8/31/2024
Rating: 4.4 stars out of 5
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
Promoted offer:
American Express
Member FDIC
Savings Account Details
4.25
%
APY
$0
Min balance for APY
Offer rate as of8/31/2024
Interest rate4.16%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Savings Account
5.30
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 8/31/2024
Rating: 4.9 stars out of 5
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
Promoted offer: Earn our LevelUp rate with $250 in monthly deposits, plus no fees.
LendingClub
Member FDIC
Savings Account Details
5.30
%
APY
$0
Min balance for APY
Offer rate as of8/31/2024
Interest rate5.18%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Earn our LevelUp rate with $250 in monthly deposits, plus no fees.
Member FDIC
Checking Account
0.50
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 8/31/2024
Rating: 4.9 stars out of 5
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
SoFi
Member FDIC
Checking Account Details
0.50
%
APY
$0
To open
$0
To avoid fees
Offer rate as of8/31/2024
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$0
Has online accessYes
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC
Savings Account
4.4
Rating: 4.4 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
4.25
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 8/31/2024
$0
Min. balance for APY
Promoted offer
American Express
Member FDIC
Savings Account Details
4.25
%
APY
$0
Min balance for APY
Offer rate as of8/31/2024
Interest rate4.16%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Savings Account
4.9
Rating: 4.9 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
5.30
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 8/31/2024
$0
Min. balance for APY
Promoted offer: Earn our LevelUp rate with $250 in monthly deposits, plus no fees.
LendingClub
Member FDIC
Savings Account Details
5.30
%
APY
$0
Min balance for APY
Offer rate as of8/31/2024
Interest rate5.18%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Earn our LevelUp rate with $250 in monthly deposits, plus no fees.
Member FDIC
Checking Account
4.9
Rating: 4.9 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
0.50
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 8/31/2024
$0
Min. balance for APY
SoFi
Member FDIC
Checking Account Details
0.50
%
APY
$0
To open
$0
To avoid fees
Offer rate as of8/31/2024
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$0
Has online accessYes
Member FDIC
Checking Account
5.0
Rating: 5 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
0.00
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 8/31/2024
$0
Min. balance for APY
Discover Bank
Member FDIC
Checking Account Details
0.00
%
APY
$0
To open
$0
To avoid fees
Offer rate as of8/31/2024
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$0
Has online accessYes
Want to see more rates?
Take a look at our list of other banks that may be offering the rate you're looking for.
Overall
Patelco Credit Union is a full-service credit union serving members in Northern California. From investing and insurance to credit cards and savings, Patelco offers all the products you’d want to consolidate your banking in one place. Patelco offers stellar APYs on most of its share certificates and provides fee-free checking and money market accounts. But the yields for its savings account are extremely low, dimming the appeal of bringing all of your banking under Patelco’s roof.
Pros
Patelco’s money market account pays a solid APY on certain balance tiers.
It offers a free checking account without a minimum deposit requirement.
Cons
The savings account pays a below-average yield.
Patelco doesn’t offer out-of-network ATM fee rebates.
We want to know what you think about Patelco Credit Union
Do you have experience with Patelco Credit Union? Let us know your thoughts.
Patelco Credit Union banking products
3.0
Rating: 3 stars out of 5
Bankrate Score
Compare top savings rates
FEATURES
Patelco Credit Union savings overview
Patelco Credit Union’s base savings account, called Regular Savings, is fee free and doesn’t require a minimum balance to earn interest. The account’s APY, however, is low, even below the national average. Savers looking for a competitive yield should consider the credit union’s money market account or compare savings accounts at other institutions.
This account comes with a debit card and overdraft protection in case you overdraw your checking account. You can freely access your money at one of Patelco’s branches in California or at one of Patelco’s more than 30,000 in-network ATMs.
Pros
The savings account doesn’t charge a monthly service fee.
The deposit needed to open and earn interest is just a penny.
Cons
The APY is low, even below the national average.
-
Patelco Credit Union
APY
APY last updated between 8/24 and 8/30.
APY
APY last updated between 8/24 and 8/30.
National average APY
How do we get this data?
Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.
Patelco Credit Union savings rates
Date
Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.
Patelco Credit Union
APY
APY last updated between 8/24 and 8/30.
APY
APY last updated between 8/24 and 8/30
National average APY
The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
Compare Offer
Sponsored Offer
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.
Member FDIC
Savings Account
4.25
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 8/31/2024
Rating: 4.4 stars out of 5
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min balance for APY
American Express
Member FDIC
Savings Account Details
4.25
%
APY
$0
Min balance for APY
Offer rate as of8/31/2024
Interest rate4.16%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Promoted offer:
4.5
Rating: 4.5 stars out of 5
Bankrate Score
Compare top CD rates
FEATURES
Patelco Credit Union CD overview
Patelco offers a range of share certificate terms, from three months to five years. All require a minimum deposit of only $250, but some pay higher APYs than others, particularly the longer-term certificates. Members have the opportunity to open a certificate at a specific monthly term; for example, Patelco offers one APY for three- to five-month certificates, another APY for six- to 11-month terms, and so on all the way up to five years. The credit union doesn’t offer any no-penalty or bump-up certificates but does offer IRA certificates.
Pros
The range of share certificate terms lets members easily build a ladder.
The minimum deposit is only $250.
Cons
Yields for the shortest certificate terms are low and dividends aren’t paid until maturity.
Higher yields can be found elsewhere.
3.9
Rating: 3.9 stars out of 5
Bankrate Score
Compare top money market rates
Patelco Credit Union money market overview
Patelco showcases a competitive APY on its Money Market Select account, but dig a little deeper and you’ll find it offers a tiered APY structure. Balances of $1-$2,000 earn a high APY, and then the yield decreases as the deposit amount increases. The blended APY with a $25,000 deposit is on par with the national average.
The credit union’s website offers a calculator to show what your blended APY would be with different deposit amounts. In addition, the account doesn’t charge a monthly fee, and members need just a $1 deposit to open and earn interest.
Some online banks offer the same high APY for all balances, which could help you earn a higher yield on balances of $10,000 and more. You have to calculate the blended APY to see if Patelco Credit Union is the best option for you.
Pros
Even with a tiered APY, the yield is competitive.
Savers only need a $1 deposit to open and earn interest.
The account doesn’t charge a monthly fee.
Cons
You may be able to find higher yields elsewhere on balances of $10,000 and more.
4.7
Rating: 4.7 stars out of 5
Bankrate Score
Compare top checking rates
Patelco Credit Union checking overview
Patelco offers a few checking accounts to meet the individual needs of its members. The Free Checking account — the account scored for this review — gives customers a fee-free option and doesn’t have a minimum deposit requirement. Additionally, the account offers free overdraft transfers from a linked account. Additional features include a free debit Mastercard card and free Mastercard ID theft protection.
Patelco has some owned-and-operated ATMs, but it is also part of the CO-OP ATM network, giving its members free access to thousands of ATMs nationwide. The credit union charges $1.75 to use out-of-network ATMs and doesn’t offer ATM rebates. Customers can use Zelle to send and receive money.
Pros
The Free Checking account has no monthly fee or deposit requirement.
It offers free overdraft transfers from a linked account
Patelco members get free access to thousands of CO-OP ATMs.
Cons
Patelco charges $1.75 to use out-of-network ATMs and doesn’t offer rebates.
Compare Offer
Sponsored Offer
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.
Member FDIC
Checking Account
0.50
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 8/31/2024
Rating: 4.9 stars out of 5
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
To open
$0
To avoid fees
SoFi
Member FDIC
Checking Account Details
0.50
%
APY
$0
To open
$0
To avoid fees
Offer rate as of8/31/2024
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$0
Has online accessYes
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | $15 |
| Non-sufficient funds fee | $28 |
| Monthly maintenance fees | None |
| Out-of-network ATM fee | $1.75 |
| Excessive transaction fee | None |
About Patelco Credit Union
Patelco Credit Union is a full-service credit union serving members in Northern California. Membership is limited to people who meet at least one of the institution’s requirements. For example, residents who live, work or attend school or worship in an eligible location qualify for membership. The credit union offers a range of competitive deposit products, making it a viable option for savers who meet its requirements.
Patelco was founded in 1936, when some employees at Pacific Telephone and Telegraph Co., now AT&T, created the credit union, according to the institution’s website.
Customer experience
Customer service. Patelco Credit Union customer service representatives are available by phone. Customers can also send email via the credit union’s website, meet with an agent virtually, or schedule an appointment with a Patelco representative in person, virtually or over the phone.
Digital experience. Patelco offers a highly rated app for both iOS and Android devices. Members can deposit checks and pay bills through their mobile devices. Patelco also hosts regular webinars to help members learn more about managing their finances.
Customers can make person-to-person payments using Zelle and can also add their debit card to Apple Pay and Google Pay.
Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
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