SuperMoney
  Patelco Credit Union CD
Patelco Credit Union CD
in CD Accounts from Patelco Credit Union
Unaffiliated

Patelco Credit Union CD

Unaffiliated
in CD Accounts from Patelco Credit Union
Not enough votes for recommendation

Not enough votes for recommendation

Explore a similar product
Try this top product in CD Accounts.
CIT Bank No-Penalty CD
CIT Bank No-Penalty CD 27 reviews
Highlights
Minimum Opening Deposit Starting at $250
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 11 months
  • 12 months
  • 13 months
  • 15 months
  • 16 months
  • 18 months
  • 19 months
  • 2 years
  • 25 months
  • 27 months
  • 28 months
  • 30 months
  • 31 months
  • 3 years
  • 37 months
  • 39 months
  • 42 months
  • 43 months
  • 4 years
  • 49 months
  • 55 months
  • 58 months
  • 59 months
  • 5 years
APY (Annual Percentage Yield) 0.20% - 0.85%

Patelco Credit Union CD Review

Patelco Credit Union CD is offered by Patelco Credit Union, founded in 1936 and based in Pleasanton, CA. Patelco Credit Union CD is available in 1 state across the USA.

Key Takeaways
  • Small selection of CD account types. Patelco CD only offers traditional and CDs.
  • Very high APY. This account offers an annual percentage yield of up to 0.85%, which is much higher than the national average for a CD account.
  • $250 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. Patelco CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Patelco Credit Union CD
Pros Cons
  • Multiple CD terms available.
  • High-interest yield.
  • Not FDIC-insured.
  • Only available in one state.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Patelco Credit Union CD FAQ

Are cd accounts from Patelco Credit Union federally insured?

No, your Patelco Credit Union cd accounts are not insured by a federal insurance agency. This means that if Patelco Credit Union were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What types of CDs does Patelco Credit Union offer?

Patelco CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does Patelco Credit Union offer on its CDs?

Patelco CD offers an APY starting at 0.20% and ranging up to 0.85%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Patelco CD offer?

Patelco Credit Union offers CD terms of the following lengths:
Patelco Credit Union CD Rates & Terms
Description
APY (Annual Percentage Yield) 0.20% - 0.85%
3-Month APY 0.20%
6-Month APY 0.35%
11-Month APY 0.35%
12-Month APY 0.50%
2-Year APY 0.60%
3-Year APY 0.65%
4-Year APY 0.75%
5-Year APY 0.85%

What is the minimum deposit to open a CD account with Patelco Credit Union?

Patelco CD requires a minimum deposit of $250 to open an account.

What is the grace period for Patelco CD?

There is a 10-day grace period for Patelco CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Patelco CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Patelco Credit Union does not charge an early withdrawal fee.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Patelco Credit Union

Patelco offers a range of 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. Patelco Credit Union offers pretty standard rates for its CDs.

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Opening Deposit Starting at $250
APY (Annual Percentage Yield) 0.20% - 0.85%
3-Month APY 0.20%
6-Month APY 0.35%
11-Month APY 0.35%
12-Month APY 0.50%
2-Year APY 0.60%
3-Year APY 0.65%
4-Year APY 0.75%
5-Year APY 0.85%
CD Accounts
  • Traditional
  • IRA
Grace Period for Account Changes 10 days
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 11 months
  • 12 months
  • 13 months
  • 15 months
  • 16 months
  • 18 months
  • 19 months
  • 2 years
  • 25 months
  • 27 months
  • 28 months
  • 30 months
  • 31 months
  • 3 years
  • 37 months
  • 39 months
  • 42 months
  • 43 months
  • 4 years
  • 49 months
  • 55 months
  • 58 months
  • 59 months
  • 5 years

Be the first to rate

 

Would you recommend Patelco Credit Union CD to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)