Exclusive offer to earn up to $400 when you open our checking and money market accounts
Get started with Free CheckingEarn $300 by opening a Free or Interest Checking account, enrolling in eStatements and setting up direct deposit.*
Earn $50 by opening a Money Market account along with your new Free or Interest Checking account. Details below.
Earn a final $50 by enrolling in RoundUp and accelerating your savings even further. Sign up in Patelco Online™ here.
*Set up a payroll direct deposit with two consecutive months totaling $4,000 or more within 90 days.
Your cash reward will be deposited into your new Patelco checking account before June 30, 2025 when you’ve met the criteria listed above before May 31, 2025.
With no overdraft fees2
Set up direct deposit and access your funds up to 2 days early
Find one near you on our top-rated Mobile App3
Purchase in-app digital gift cards with up to 20% cash back. Learn more
Debit Mastercard® lets you shop with zero liability protection and Zelle® lets you send money quickly
Automatically grow your savings with every purchase you make
Want to learn more about our checking and high-yield money market accounts? Click on the buttons below to explore some of our basic product features and to apply online in minutes!
Take advantage of no fees or minimums with our everyday, worry-free checking account.
Earn interest on an everyday account and easily waive the monthly fee.
Earn rates as high as 4.25% APY5 with a monthly deposit of $500 or more into checking.
Earn 2.00% APY6 on balances up to $2,000. No monthly deposit requirements.
This limited-time, exclusive offer has been extended to a select group by direct mail and email — only recipients of this offer or those in the same household can qualify for the reward. Membership is free and it’s easy to join Patelco and earn up to $400 in rewards by completing the following activities:
Earn $300
Earn another $100 (only after you’ve met the criteria to earn the first $300 bonus)
Your cash reward will be deposited into your new Patelco checking account before June 30, 2025 when you’ve met the criteria listed above before May 31, 2025.
We don’t charge a monthly fee or require a minimum balance to waive the monthly fee for Free Checking, Money Market Plus or Money Market Select accounts.
The Interest Checking account has a $5 monthly fee, which is waived with a minimum daily balance of $500 or if you set up a monthly direct deposit of $100 or more.
Switch your payroll direct deposit to your Patelco checking account in just a few steps. Log in to our Mobile App or Patelco Online™ to get started. Click here to set up your Direct Deposit.
All Members who set up direct deposits into their Patelco checking, savings, or money market accounts can get paid up to 2 days early3 — so you can access your funds faster.
RoundUp is an automatic savings tool that helps you save with every purchase. Every time you use the debit card linked to your checking account, we’ll round up to the nearest dollar and transfer the difference from your checking to your savings account of your choice. So, if you spend $5.75 at the coffee shop, we’ll round up the purchase to $6.00, and transfer $0.25 to your savings. Every cent counts toward growing your savings!
To enroll, log in to Patelco Online™ or the Mobile App, and navigate to the main menu, then select Accounts, then RoundUp. For Plus Checking accounts, please contact us to enroll.
Yes. You need to have a Patelco checking account and deposit a minimum of $500 total each month to the checking account to qualify for the higher rate in your Money Market Plus account. Upon opening your Money Market Plus account, you’ll have up to 3 months to meet this requirement.
You’ll automatically enjoy the higher APY based on the deposit tier you maintain during those 3 months.
If you don’t have a Patelco checking account or if you have a Patelco checking account but don’t meet the monthly $500 minimum deposit requirement, your Money Market Plus account will earn the Regular Savings interest rate currently at 0.05% APY.
The good news is once you establish the $500 deposit during a month, you will receive the higher interest rate the following month, based on the deposit balance you maintain.
More details may be found in our Account Overview.
The Money Market Plus account offers a tiered rate based on your daily account balance in the account. Plus, you must have a Patelco checking account that meets the monthly recurring deposit requirement of $500 or more.
The following variable interest rates will apply to your account balance: 4.25% APY on balances of $250,000.00 or greater, 4.00% APY on balances between $100,000.00 and $249,999.99, 3.51% APY on balances between $50,000.00 and $99,999.99, 3.00% APY on balances up to $49,999.99.
You’ll automatically earn the tiered rate listed above based on the daily account balance maintained when you open the account and for the 3 months following. If you want to continue earning higher interest rate after that, you’ll need to have a Patelco checking account (under the same membership) with monthly recurring deposits of $500 or more into the checking account.
If you do not meet the qualifying checking account requirements by the 3rd calendar month after the account is open, you’ll earn the Regular Savings interest rate, which is currently at 0.05% APY, regardless of the balance you maintain.
Once you meet the requirements, you’ll start earning the higher interest rate in the applicable balance tier the following month.
Keep in mind the APY (Annual Percentage Yield) is a variable rate and may go up or down depending on the rate environment.
More details may be found in our Account Overview.
The Money Market Select account does not require a linked Patelco checking account with a recurring monthly deposit to earn the higher available rate (the Money Market Plus account requires this).
Learn more about what a money market account is and how having one can benefit you.
Our Money Market Select account dividend is paid at tiered rates based on the deposit amount. For example, you’ll earn 2.00% APY on the first $2,000.00. Then 1.50% APY on the balance between $2,000.01 and $5,000.00 — giving you a blended, combined rate of 1.00% APY.
Use our calculator above to see how much your savings can earn each year.
Yes. Your Money Market account is insured by NCUA for up to $250,000 (or $500,000 in a joint account for two people).
Like the FDIC, NCUA provides federal insurance for credit union accounts, while the FDIC provides insurance for bank accounts.
You can find one of the 30,000+ fee-free ATMs at patelco.org/locations or on your Mobile App.
Your checking account connects you to CashBack+ in our Mobile App, where you can purchase gift cards from top brands for groceries, gas, travel and more, with up to 20% cash back.
Make an appointment to visit a Patelco branch near you. Or meet face-to-face online using our Virtual Branch — where you can drop in or schedule an appointment to meet virtually from the comfort of your home or office.
1 Valid for the recipient of this offer only for checking account opened during promotional period January 7, 2025 to February 28, 2025. In order to qualify for the first $300 bonus, you must meet the following criteria 1) become a new Patelco member by opening a checking account by February 28, 2025. 2) sign up for e-statement 3) have a minimum of two (2) consecutive qualifying monthly direct deposits into your new Patelco checking account totaling $4000 or more by May 31, 2025. Qualifying direct deposits are electronic deposits of payroll (paycheck), government benefits payments, Social security, pension or other income received through the Automated Clearing House (“ACH”) Network. Deposits that do not qualify include, but are not limited to, internal Patelco account to account transfers, check deposits, peer-to-peer transfers (e.g., transfers from Zelle, PayPal, Venmo, etc.), ATM or branch deposits, ATM transfers, or remote deposits. You can earn up to an additional $100 ONLY after you’ve qualified for the first $300 reward before the qualification period ends on May 31, 2025. Earn an additional $50 by opening a Money Market Plus or Money Market Select account. Earn an additional $50 by signing up and using RoundUp at least once for your debit card purchases.
The cash bonus will be credited to your Patelco checking account 90 days after the end of the campaign and before June 30, 2025. Must be 18 and over to qualify. Available on Free Checking and Interest Checking accounts only to the recipient of this offer or those in the same household. Limit one incentive payout per primary membership checking account. Membership must be open and in good standing at the time of bonus credit. If you receive $600 or more in prizes from Patelco throughout the year, we’ll send you an IRS Form 1099. Patelco employees are not eligible.
2 You must enroll in Instant BackUp on your checking account to receive overdraft coverage up to $500. You’ll pay interest only on the amount you borrowed for the amount of time it’s outstanding. Talk to our Patelco team for assistance and learn more here. No overdraft fees applies to checking accounts opened after 04/05/2023.
3 Early access to direct deposit funds depends on the timing of the receipt of the payment file from the payer. We generally make these funds available on the day the payment file is received up to 2 days earlier than the scheduled payment date.
4 Source: over 22,000 five-star reviews on the App Store.
5 APY=Annual Percentage Yield. Rates are effective as of 12/01/2024 and are subject to change before or after account opening without notice. Rates vary by tier and apply to the full balance.
The following variable interest rates will apply to your account balance: 4.25% APY on balances of $250,000.00 or greater, 4.00% APY on balances between $100,000.00 and $249,999.99, 3.51% APY on balances between $50,000.00 and $99,999.99, 3.00% APY on balances up to $49,999.99.
In order to attain higher interest rates the account must meet the eligibility requirements, that is a Patelco checking account (opened under the same Member Number) with a total monthly deposit of $500 or more. If the account fails to meet eligibility, the lower interest rate of 0.05% will be defaluted for that month. Qualifying deposit transactions include: Payroll direct deposits, Social Security (or other government benefit) direct deposits, ACH transfers, Zelle, Venmo, PayPal or other similar deposits, cash deposits, check deposits (except checks written from another Patelco account), wire transfers, multiple deposits (of the types listed above) that add up to at least $500 in a calendar month. Qualifying deposit transactions do not include Patelco account-to-Patelco account transfers, chargebacks or promotional incentive payments from Patelco.
For more details, read our Money Market Plus Account Overview.
6 APY=Annual Percentage Yield. Rates are valid as of 08/01/2024 and are subject to change after account opening without notice. Interest is paid at tier rates on balances within each tier. Total interest paid is the sum from each tier. Blended APY shown assumes the amount entered is held in the account for one year. Withdrawing funds before one year will result in a different realized rate. No minimum deposit required to open an account. Limit one Money Market Select Account and one Money Market Select IRA Account per account number.
