Like a savings account, our Money Market Select account pays dividends (interest) and is insured by the National Credit Union Administration (NCUA). The difference is that this account lets you write checks2, and is a reverse tier account — so it offers higher rates than a traditional savings account for smaller balances.
Learn more about what a money market account is and how having one can benefit you.
Access your accounts on the go
Find one near you on our Mobile App
Write up to 3 checks each month
Set up monthly direct deposits or automatic transfers and grow your savings
Link to your checking and pay no overdraft fees
Insured up to $250,000 per member, per account type
Rates Effective 03/01/2026
| Term | Tier | Min. Balance Min Balance | Max Balance | APY1 | Rate | Dividends Paid | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 17990 | 1 | None | 1 | $0.00 | $2,000.00 | 2.00 | 1.98 | Monthly | 03/01/2026 | ||
| 18641 | 2 | None | 2 | $2,000.01 | $5,000.00 | 1.50 | 1.49 | Monthly | 12/01/2022 | $1 | 30,000+ Fee-free ATMs |
| 18652 | 3 | None | 3 | $5,000.01 | $10,000.00 | 1.00 | 1.00 | Monthly | 12/01/2022 | ||
| 18658 | 4 | None | 4 | $10,000.01 | $50,000.00 | 0.25 | 0.25 | Monthly | 09/21/2018 | ||
| 18661 | 5 | None | 5 | $50,000.01 | $100,000.00 | 0.20 | 0.20 | Monthly | 09/21/2018 | ||
| 18668 | 6 | None | 6 | $100,000.01 | $9,999,999.99 | 0.15 | 0.15 | Monthly | 09/21/2018 |
How does a tiered rate work? 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 to see how much your savings can earn each year.
| Deposit Distribution | APY |
|---|---|
| $0.00 | 2.00% |
| $0.00 | 1.50% |
| $0.00 | 1.00% |
| $0.00 | 0.25% |
| $0.00 | 0.20% |
| $0.00 | 0.15% |
Enter your deposit amount to see how much your savings can earn each year.4
Calculations provided are for demonstration purposes only and do not guarantee credit approval for the rate and terms displayed.
A money market account and share certificate (or CD at a bank) both earn dividends (or interest) and are insured up to the same amount. There are two key differences:
No. There’s no monthly fee and no minimum balance requirements.
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.
Yes. Your Money Market Select account is insured by the NCUA for up to $250,000 (or $500,000 in a joint account for two people). You cannot lose money in a money market account like you can in a money market fund. In addition, Patelco has increased our investment in initiatives to protect our members. Check out our Trust and Security Center for more information.
Check orders can be made by contacting us.
Patelco is a member owned, not-for-profit financial cooperative. When you join Patelco, you become a member and a shareholder. That’s why we’ll also open a Share Savings account and deposit one share ($1) in your account when you join.
Our mission is to help members achieve lifelong financial wellbeing so you can live happier, fuller lives.
Unlike the big banks or other for-profit financial institutions, we invest our profits back in our members with better rates and low- to no fees.
We also offer free financial advice to anyone who wants to improve their financial situation. Members have told us that they feel seen, heard, informed, and supported to make more confident financial choices.
Membership is free and comes with great benefits. You become a member when you open an account with us.
A Money Market Select IRA is a good option if you want insured retirement savings or if you are in transition, such as consolidating your previous employer’s 401k or deciding what to do as you’re starting out:
1 APY=Annual Percentage Yield. Rates are valid as of 03/01/2026 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.
2 Check orders can be made by contacting us.
3 Source: Over 34,700 5-star reviews across Apple iOS and Google Play app stores.
4 This calculator is for illustrative purposes only and does not reflect the actual results of any specific deposit amount.
5 Consult a tax advisor about IRA tax advantages.
