Routing # 321076470

Certificates

Like a certificate of deposit (CD), a certificate offers a higher rate with guaranteed return for the term of the deposit.


Enjoy an Insured, Guaranteed Return on Your Money

A certificate, like a CD or Certificate of Deposit, lets you earn a fixed, higher interest rate than a traditional savings account for not making any withdrawals during the term of the certificate. The money is insured by the National Credit Union Administration (NCUA) for up to $250,000.

Certificate Benefits

Safety and Security

Certificates are insured up to $250,000 by NCUA (or $500,000 in a joint account for two people)

Variety of Certificate Terms

Choose from 3 to 60 months

Top-rated Mobile App and Online Banking

Access your certificates and accounts on the go

Set Up Alerts

Receive alerts for certificate renewal

Certificates Rates2

Rates Effective 03/01/2024

Term

Min. Balance

Min Balance

APY1RateDividends Paid
184171

3 – 5 Months

$250.001.001.00At Maturity01/03/20243 to 60 months0At Maturity
184222

6 – 11 Months

$250.002.001.98At Maturity01/08/20230
185454

12 – 17 Months

$250.003.002.96Monthly01/08/20230
185575.2

18 – 23 Months

$250.004.003.93Monthly01/08/2023$500,000.0018-Month
185657

24 – 35 Months

$250.003.503.45Monthly01/08/20230
185718

36 – 47 Months

$250.003.002.96Monthly01/08/20230
185779

48 – 59 Months

$250.003.002.96Monthly01/08/20230
1858410

60 Months

$250.003.002.96Monthly01/08/20233 to 60 Months0
278554

14 Month Promo*

$250.004.904.80Monthly01/08/20230
278596

23 Month Promo*

$250.004.604.51Monthly01/08/20230
289465.1

18-Month

$250.003.753.69Monthly01/08/2023$500,000.0018-Month

IRA Certificates Rates2

Rates Effective 03/01/2024

TermMin. BalanceAPY1RateDividends Paid
289525.1

18-Month

$250.003.753.69Monthly01/03/2023
1865110

60 Months

$250.003.002.96Monthly01/02/2024
186459

48 – 59 Months

$250.003.002.96Monthly01/08/2023
186358

36 – 47 Months

$250.003.002.96Monthly01/08/2023
186277

24 – 35 Months

$250.003.503.45Monthly01/08/2023
278706

23 Month Promo*

$250.004.604.51Monthly01/08/2023
185175.2

18 – 23 Months

$250.004.003.93Monthly01/08/2023
278674

14 Month Promo*

$250.004.904.80Monthly01/08/2023
185103

12 – 17 Months

$250.003.002.96Monthly01/08/2023
184862

6 – 11 Months

$250.00 2.001.98At Maturity01/02/2020
184621

3 – 5 Months

$250.001.001.00At Maturity01/03/2024

Certificate Promotion

Limited time: We have 2 exciting Certificate offers that deliver savings and a guaranteed return!

4.90% APY 14-Month Certificate4

  • A perfect fit if you are comfortable investing for 14 months to earn a higher rate.
  • Requires 10+ years of tenure as a Patelco member, or active checking account with at least $500 monthly deposits3

4.60% APY 23-Month Certificate4

  • A longer-term certificate is your best bet if you think that rates may fall and want to lock in at a great rate.
  • Requires 10+ years of tenure as a Patelco member, or active checking account with at least $500 monthly deposits3

Certificate FAQs

    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 deposit one share ($1) in your Share Savings account when you join.
     
    Our mission is to help members achieve lifelong financial well-being 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. You become a member when you open an account with us.

    A certificate offers a higher fixed rate with a guaranteed return if you don’t need to keep your money liquid. It is a safe investment because it’s insured by NCUA for $250,000 (or $500,000 in a joint account for two people). There is no risk of losing money on a certificate, except if you withdraw early.

    Certificate accounts give you a fixed dividend rate and APY over the specified term. On certificates with terms less than 12 months, dividends are compounded and credited at maturity. For certificates with terms longer than 12 months, dividends are compounded and credited monthly on the last of the month.

    Unless otherwise specified, all certificate accounts are subject to early withdrawal penalties, if funds are withdrawn within six calendar days of account opening or renewal, the penalty will be seven days’ dividends on the entire account balance.5

    Yes. All regular certificates can be opened as IRA certificates, unless otherwise noted. Minimum balance for all IRA certificates is $250.

Certificate Ladder Strategy

A common strategy for savers using share certificates or CDs is to divide the sum of money saved into equal amounts and open certificates with different maturing dates. This way you can take advantage of the higher rates on the longer terms while keeping some funds accessible for the near future.

  • Terms from 3 to 60 months
  • $250 minimum opening deposit and balance
  • Compounded dividends paid monthly
  • Guaranteed return on principal

1 APY = Annual Percentage Yield. Terms and conditions may vary by account.

2 All regular certificates can be opened as IRA certificates, unless otherwise noted. Minimum balance for all Certificates and IRA Certificates is $250.00.

3 Certificate promotion interest rates vary depending on qualifications. 14-Month Certificate promotion has a premium rate of 4.90% APY and standard rate of 4.60% APY; 23-Month Certificate promotion has a premium rate of 4.60% APY and standard rate of 4.10% APY. In order to obtain the high premium rate for either Certificate promotional term, you must meet at least one of the following criteria: Tenure of 10+ years as of 12/31/2024, OR a checking account (under the same membership) prior to Certificate opening with a total recurring monthly deposit of $500 or more. If the checking account criteria is not met at any time, the rate will be reduced to the lower standard rate and will not be reinstated thereafter. 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 here) 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. All certificates are subject to an early withdrawal penalty. For IRA Certificates, the early withdrawal penalty is waived if the IRA owner is age 59½ years or older. Fees could reduce earnings. Please see the Certificate Accounts section in the Patelco Member Handbook.

4 APY=Annual Percentage Yield. Rates are effective as of 03/01/2024. Rates may vary at the time of maturity or renewal.

5 There is a penalty for early withdrawal for all Certificates. Please see the Certificate Accounts section in the Patelco Member Handbook.

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