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  Patelco Credit Union Money Market Account

Patelco Credit Union Money Market Account

in Money Market Accounts from Patelco Credit Union · ncua

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Patelco Credit Union Money Market Account

Unaffiliated

in Money Market Accounts from Patelco Credit Union · Insured by NCUA

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Highlights
APY (Annual Percentage Yield) 0.2% - 3%
APY Minimum Balance $1
Minimum Opening Deposit Starting at $0

Patelco Credit Union Money Market Account Review

Patelco Credit Union Money Market Account is offered by Patelco Credit Union, a credit union founded in 1936 and based in Pleasanton, CA. Patelco Credit Union Money Market Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 3%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $1.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • No minimum initial deposit. There is no minimum balance required to open an account.
Pros & Cons of Patelco Credit Union Money Market Account
Pros Cons
  • Available in all 50 states.
  • Generous dividends.
  • Does not offer mobile check deposits.
  • Insured by NCUA.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide a debit card.
  • Not FDIC-insured.
Patelco Credit Union Money Market Account FAQ

Are money market accounts from Patelco Credit Union federally insured?

Yes, your Patelco Credit Union money market accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What are the dividends for Patelco money market rates?

Patelco money market offers an APY starting at 0.2% and ranging up to 3% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1.

Patelco money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.2% - 3%

What are the fees for Patelco Credit Union Money Market Account?

Patelco Credit Union Money Market Account does not charge a monthly maintenance fee.

Patelco Credit Union Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A

What is the minimum balance for Patelco money market?

No minimum initial deposit. Patelco Credit Union does not require a minimum initial deposit to open an account.

Interest rate minimum balance of $1. You must keep the account balance above $1 to earn interest.

What features and perks does Patelco money market offer?

This account includes the following features:

  • Check Writing - Patelco money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Fraud monitoring - Patelco Credit Union monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Patelco money market allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is (800) 358-8228.

What is the support contact email?

The support contact email for this business credit card is info@patelco.org.

How to open an account with Patelco Credit Union

  • Visit the Patelco Credit Union website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit Starting at $0
Monthly Fee $0
Account Features
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Insured by NCUA
  • Branch Access
  • Check Writing
APY (Annual Percentage Yield) 0.2% - 3%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly

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