Patelco Credit Union Certificate Rates – To qualify for the rates below, you must be a member with 10 or more years of service, as of 12/31/2024, OR you must have a checking account and make a monthly deposit of $500 or more into your checking account.
* The 14-month certificate has a premium rate of 4.90% APY and a standard rate of 4.60% APY; The 23-month certificate has a premium rate of 4.60% APY and a standard rate of 4.10% APY. Premium rate requires 10+ years of membership, or an active checking account with a minimum $500 monthly deposit.
Patelco Credit Union Certificate Rates
Qualify for promotional certificate rewards when you make a monthly deposit of $500 or more into your checking account.
Open A Certificate Of Deposit Online
Do I need to open a checking account to receive the premium rates on the certificate promotion?
If you have been a member for at least 10 years by December 31, 2024, you do not need to have a checking account to receive the premium rates of this certificate promotion. Thank you for being a long time member and trusting us with your financial journey!
If you have been a member for less than 10 years as of December 31, 2024, you must have an open checking account (under the same membership number) and deposit a minimum of $500 per total in that checking account each month to qualify for the premium certificate rate. A checking account must be opened before you can open your certificate. The deposit requirement must be met by the end of the 2nd month after the opening of your certificate. For example, if you open your certificate on March 15, 2024, you must deposit a total of $500 each month until May 31, 2024, and each month thereafter when the certificate expires. yours is still open.
If you do not maintain an open checking account and/or do not meet the monthly $500 minimum deposit requirement, your APY certificate will be reduced to the lowest standard rate and will not rearranged afterwards.
Castro Valley, Ca
Yes. Your certificate is insured by NCUA up to $250,000.00 (or $500,000.00 in a joint account for two people).
Like the FDIC, the NCUA provides federal insurance for credit union accounts, while the FDIC provides insurance for bank accounts.
All members who have set up direct deposit in their checking, savings or checking accounts can be paid up to 2 days early.
Is a member of a non-profit corporation. When you join, you become a member and a shareholder. Therefore, we will also open a Regular Savings Account and deposit one ($1) into your account when you join.
Patelco Credit Union Offers Nationwide Account Access And Financial Education To More Than 300,000 Members
Unlike big banks or other for-profit financial institutions, we invest our profits in our members with attractive rates and low to no fees.
We also offer free financial advice to anyone looking to improve their financial situation. Members have told us that they have seen, heard, been informed and supported to make great financial choices.
Membership is free and offers great benefits. You become a member when you open an account with us.
Make an appointment to visit a branch near you. Or video conference with our virtual branch – where you can schedule an appointment from the comfort of your home or office.
Business Savings Accounts: No Minimum Balance
APY = Annual percentage return. The charges are effective from 03/01/2024. Fees may vary by expiration or renewal.
Certificate interest rates vary by qualification. The 14-month certificate has a premium rate of 4.90% APY and a standard rate of 4.60% APY; The 23-month certificate has a premium rate of 4.60% APY and a standard rate of 4.10% APY. To receive the maximum premium rate for the promotional terms of the Certificate, you must meet at least one of the following criteria: 10+ years of residence as of 12/31/2024, OR a checking account (under ‘of the same members) before that. to open a Certificate with a monthly deposit of $500 or more. If the review criteria are not met at any time, the rate will be reduced to the lowest level and will not be refunded thereafter. Eligible deposit methods include: direct debits, Social Security (or other government benefits) direct deposits, ACH transfers, Zelle®, Venmo, PayPal or cash deposits other similar, cash deposits, check deposits (except checks written from another account), wire transfers, bulk deposits (of the types listed here) that add up to at least $500 per month calendar. Eligible deposit amounts do not include account-to-account transfers, cashback or promotional fees. All certificates are subject to early expiration. For certificated IRAs, the early withdrawal penalty is waived if the IRA owner is 59½ or older. Fees can be reduced. Please refer to the Certificate Accounts section of the Membership Handbook.
Early access to direct deposit funds depends on the time to receive the client’s payment file. We usually make these funds available the day the payment file is received up to 2 days before the scheduled payment date.
You must enroll in Instant BackUp on your checking account to receive overdraft protection of up to $500 You pay interest on the amount you borrow when it’s over. Talk to our team for help and learn more here. No overdraft fees apply to checking accounts opened after 04/05/23. Like a certificate of deposit (CD), the certificate offers a high rate with guaranteed returns for the term of the deposit.
Best 18 Month Cd Rates For May 2024 (up To 5.40%)
A certificate, like a CD or certificate of deposit, gives you access to a fixed, higher interest rate than a traditional savings account because you don’t withdraw money during the term of the certificate. The loan is insured by the National Credit Union Administration (NCUA) up to $250,000.
* The 14-month certificate has a premium rate of 4.90% APY and a standard rate of 4.60% APY; The 23-month certificate has a premium rate of 4.60% APY and a standard rate of 4.10% APY. Premium rate requires 10+ years of membership, or an active checking account with a minimum $500 monthly deposit.
This is perfect if you are comfortable investing for 14 months to get a higher rate. Requires 10+ years of membership, or an active checking account of at least $500 monthly deposit3 4.60% APY 234-month certificate A long-term certificate is your best bet if you think rates may drop and you want to lock in a great rate. . Requires 10+ years of membership, or an active checking account with a minimum $500 monthly deposit3
Is a member of a non-profit corporation. When you join, you become a member and a shareholder. This is why we will deposit one share ($1) into your Share Savings Account when you sign up.
Member Dividends: A Unique Benefit Of Financial Cooperatives
Unlike big banks or other for-profit financial institutions, we invest our profits in our members with good interest rates and low to no fees.
We also offer free financial advice to anyone looking to improve their financial situation. Members have told us that they have seen, heard, been informed and supported to make great financial choices.
The certificate offers a high fixed rate with a guaranteed return if you do not need to keep your money liquid. It is a safe investment because it has NCUA insurance for $ 250,000 (or $ 500,000 in a joint account for two people). There is no risk of losing money on the certificate unless you withdraw early.
Certificate accounts give you a fixed interest rate and APY for a specified period. For certificates with a term of less than 12 months, dividends are accrued and posted as they mature. For certificates with a term longer than 12 months, dividends are compounded and posted monthly on the last day of the month.
Coverdell Education Savings Account
Unless otherwise stated, all certificate accounts will be subject to an early withdrawal penalty, if withdrawals are made within six calendar days of opening or renewal. account, the penalty will be a seven-day deduction from the total amount of the account.
Yes. All regular certificates can be opened as IRA certificates, unless otherwise noted. The minimum amount for all IRA certificates is $250.
A common strategy for savers using stock certificates or CDs is to divide the amount saved into equal amounts and open certificates with different maturity dates. This way, you can benefit from higher rates in the long run, while keeping some funds available for the near future.
All regular certificates can be opened as IRA certificates, unless otherwise noted. The minimum amount for all IRA certificates is $250.
Patelco Credit Union
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