Routing # 321076470

Business Money Market

Help your business soar with a federally insured, high-yield Money Market account.


Earn more with a Business Money Market account

You’re leaving money on the table if you’re using a low-yield savings account. Patelco’s Business Money Market account offers outstanding rates to help your savings – and your business – grow faster! Plus, enjoy peace of mind knowing that your money is insured by the National Credit Union Administration (NCUA).
 
To qualify, you must have a Patelco Business checking account under the same Member number. The rate you’ll earn each month will be calculated based on the daily balance you maintain in your Business Money Market account.

APY1RateMinimum Balance
310094.50%4.41%$250,0000.00 Yes 

The following variable interest rates will apply to your account balance: 4.50% APY on balances of $250,000 or greater, 4.00% APY on balances between $100,000 and $249,999.99, 3.50% APY on balances between $50,000 and $99,999.99, 3.00% APY on balances between $25,000 to $49,999.99, 2.50% APY on balances between $5,000 to $24,999.99, and 0.05% APY up to $49,999.99.

310134.00%3.93%$100,000.00 Yes

$100,000 to $249,999.99

310173.50%3.45%$50,000.00 Yes

$50,000 to $99,999.99

310253.00%2.96%$25,000.00 Yes

$25,000 to $49,999.99

310282.50%2.47%$5,000.00 Yes

$5,000 to $24,999.99

310330.05%0.05%$0 Yes

$0 to $4,999.99

310350.05%0.05%$0 No

$0 to $4,999.99

High-yield savings that maximize your gains

Insured by NCUA

Like FDIC, your money is federally insured up to

Free Overdraft Protection

Keep your business on track with overdraft protection linked to a Patelco checking account

Top-rated Mobile App and Online Banking2

Access your accounts anytime from anywhere to view account activity, set alerts, send or transfer money and deposit checks

Choose the checking account that’s best for your business

Select a Business Checking account with low monthly fees, or choose Business Interest Checking account with higher transaction limits.

Easy account transfers

Move your money between linked Patelco accounts or external accounts to take advantage of your high-yield rate

No monthly fee

No fees for your first 25 transactions each month3

Business Money Market Rates

Rates Effective 06/25/2024

Requirements Met4Min. BalanceAPY1RateDividend
31009Yes $250,0000.00 4.50%4.41%Monthly 25/06/2024
31013Yes$100,000.00 4.00%3.93%Monthly 25/06/2024
31017Yes$50,000.00 3.50%3.45%Monthly 25/06/2024
31025Yes$25,000.00 3.00%2.96%Monthly 25/06/2024
31028Yes$5,000.00 2.50%2.47%Monthly 25/06/2024
31033Yes$0 0.05%0.05%Monthly 25/06/2024
31035No$0 0.05%0.05%Monthly 25/06/2024

FAQs about Business Money Market Account

  • The Business Money Market account offers a tiered rate based on your daily account balance in the account. Plus, you must have a Patelco Business checking account opened under the same member number in order to obtain the higher tier interest rates.
     
    The following variable interest rates will apply to your account balance: 4.50% APY on balances of $250,000 or greater, 4.00% APY on balances between $100,000 and $249,999.99, 3.50% APY on balances between $50,000 and $99,999.99, 3.00% APY on balances between $25,000 to $49,999.99, 2.50% APY on balances between $5,000 to $24,999.99, and 0.05% APY 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. To continue earning a higher tier interest rate, you’ll need to have a Patelco Business checking account (under the same member number).
     
    If you do not meet the qualifying checking account requirements you’ll earn the Regular Savings interest rate, which is currently at 0.05% APY, regardless of the balance you maintain.
     
    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.

    No. There’s no monthly fee, however there is a $100 minimum deposit at account opening.

    Yes. You need to have a Patelco Business checking account to qualify for the higher tier rates in your Business Money Market account.
     
    You’ll automatically enjoy the higher APY based on the deposit tier you maintain at account opening.
     
    If you don’t have a Patelco checking account, your Business Money Market account will earn the Regular Savings interest rate currently at 0.05% APY.
     
    More details may be found in our Account Overview.

    There are no fees for your first 25 transactions per month. If you exceed 25 transactions per month, your account will be charged $0.25 per additional transaction.
     
    There are no fees on your first $10,000 cash deposits, however, there is a $0.50 fee per $100 deposited or purchased for transactions over $10,000 in cash.

    Yes. Your Business Money Market account is insured by NCUA for up to $250,000.
     
    Like the FDIC, NCUA provides federal insurance for credit union accounts, while the FDIC provides insurance for bank accounts.
     
    Learn more about what a money market account is and how it works.

Open your Business Money Market account today
Build your business and maximize your returns with a Patelco Business Money Market account.

  • No monthly fees3, $100 opening balance
  • Earn a rate as high as 4.50% APY1 with a qualifying Patelco Business checking account
  • Transfer money with ease between your accounts to keep earning the high savings yield

1 APY=Annual Percentage Yield. Rates are effective as of Rates Effective 06/25/2024 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: 4.50% APY on balances of $250,000 or greater, 4.00% APY on balances between $100,000 and $249,999.99, 3.50% APY on balances between $50,000 and $99,999.99, 3.00% APY on balances between $25,000 to $49,999.99, 2.50% APY on balances between $5,000 to $24,999.99, and 0.05% APY up to $49,999.99. In order to obtain high tier interest rates, the account must meet the eligibility requirements, that is a Patelco Business checking account (opened under the same member number). If the account fails to meet eligibility at any time, the lower interest rate of 0.05% APY will be defaulted. For more details, read our Business Money Market Account Overview.

2 Source: over 22,000 five-star reviews on the App Store.

3 Accounts are subject to a $0.25 transaction fee if account exceeds 25 transactions each month. Accounts are subject to an excess cash fee of $0.50 fee per $100 deposited or purchased after $5,000 in cash.

4 Checking Requirements: In order to obtain higher tier interest rates, the account must meet the eligibility requirements, that is a Patelco Business checking account (opened under the same member number). If the account fails to meet eligibility at any time, the lower interest rate of 0.05% APY will be defaulted for that month.

Patelco Credit Union does not offer business accounts to political parties, fundraising groups, campaign organizations, businesses engaged in any activity that violates state or federal law, businesses that present a degree of risk that we, in our reasonable discretion, determine that we do not have the capacity to manage, or businesses that we in our sole discretion believe could be detrimental to Patelco’s reputation in the communities we serve.

The following is a non-exclusive list of business types that Patelco does not serve: (1) any business subject to any sanctions administered by the Office of Foreign Assets Control; (2) medical marijuana dispensaries or any other business involved in the marijuana industry; (3) money services businesses (MSBs); (4) gambling businesses; (5) digital currency businesses; (6) third-party payment processors; (7) prostitution businesses, whether legal or not; (8) embassies, consulates, and diplomatic missions; (9) pawn shops or pawnbrokers; (10) anonymous ownership entities; and (11) adult entertainment businesses.

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