Patelco Credit Union Review 2022
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
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.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
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. .
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.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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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. 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.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. Patelco Credit UnionPatelco Credit Union Review 2022
Matthew Goldberg is a consumer banking reporter at Bankrate. Matthew has been in financial services for more than a decade, in banking and insurance. Updated November 10, 2022 Bankrate logoThe Bankrate promise
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At a glance
4.3 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
Patelco Credit Union is a full-service credit union offering a range of competitive deposit products, making it a worthwhile option for savers who meet the credit union’s requirements.Highlights
Free Checking High APY Compare offers Advertiser DisclosureAdvertiser 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. 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 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
Patelco Credit Union is a full-service credit union serving members in Northern California.Pros
Patelco’s money market account pays a very competitive APY on certain balance tiers. It offers a free checking account without a minimum deposit requirement. All of the credit union’s share certificates pay a competitive yield.Cons
The savings account pays a below-average yield. Patelco doesn’t offer any specialty certificates.Patelco Credit Union bank products
Savings CD Money Market Checking 2.8 Bankrate ScorePatelco Credit Union savings overview
Patelco Credit Union offers its Regular Savings account, which is fee free and requires only a 1 cent deposit 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.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. Compare Offer Advertiser DisclosureAdvertiser 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. 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 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 3.9 Bankrate ScorePatelco 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 and pay competitive APYs, particularly the shorter-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 specialty certificates, such as a no-penalty or bump-up certificate.Pros
The range of share certificate terms lets members easily build a ladder. The minimum deposit is only $250. All share certificates pay a competitive yield.Cons
Patelco doesn’t offer any specialty certificates. Compare Offer Advertiser DisclosureAdvertiser 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. 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 CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 5.0 Bankrate ScorePatelco Credit Union money market overview
Patelco showcases an eye-popping APY on its money market account, but dig a little deeper and you’ll find it offers a tiered APY structure. Balances of $1-$2,000 earn a very high APY, and then the yield decreases as the deposit amount increases. The blended APY with a $25,000 deposit, however, is still a very strong APY that’s well above 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.Pros
Even with a tiered APY, the yield is very competitive. Savers only need a $1 deposit to open and earn interest. The account doesn’t charge a monthly fee.Cons
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. 4.7 Bankrate ScorePatelco Credit Union checking overview
Patelco offers a few checking accounts to meet the individual needs of its members. The Free Checking account 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 Advertiser DisclosureAdvertiser 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. 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 Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
Patelco Credit Union customer service representatives are available by phone from 7:30 a.m. to 7 p.m. Pacific time, weekdays, and 9 a.m. to 2 p.m., Saturdays. 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. Patelco also offers a highly rated app for both iOS and Android devices. Members can deposit checks and pay bills through their mobile devices, and also have access to Patelco’s budgeting features. Patelco also hosts regular webinars to help members learn more about managing their finances.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., which is now AT&T, created the credit union, according to the institution’s website.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. .