Patelco Credit Union’s top rate for a CD is 1.00% for a 60-month term of investment. This account offers a low minimum deposit of $250 and the dividends are paid monthly. You can start a CD for a 3-5-month commitment or choose to invest up to a 60-month one.

Patelco Credit Union has a variety of CDs with varying lengths of term. The interest rate changes the longer you decide to stay invested. All dividends are paid monthly except for the 3-5-month term and the 6-11-month term. Both CD’s dividends are paid at the maturity of the term.

Patelco Credit Union also offers IRA and HSA accounts with the same terms and interest rates as other CDs. All the same criteria for investment apply. 

The next best CD is for a 48-59-month term. It offers an APY rate of 0.90%. Both are great options depending how long you can invest your money.  The shortest term at Patelco Credit Union is 3-5 months which offers an APY rate of 0.20%. If you can only tie up your money for a short time, this could be an option for you.

All Patelco Credit Union’s CDs pay a penalty for an early withdrawal. You are given a member handbook when you open an account and penalties are discussed under CDs.

NOTE: There is a penalty for early withdrawal for all Certificates. Please see the Certificate Accounts section in the Patelco Member Handbook.
APY = Annual Percentage Yield. Terms and conditions may vary by account.
All regular certificates can be opened as IRA certificates, unless otherwise noted. Minimum balance for all IRA certificates is $250.


To invest with Patelco Credit Union, you must apply and be approved to become a member. Currently, members must open a checking or savings account to be granted membership. Patelco will add $1 to the account upon opening. And you can check your membership status on their online website.

Branches of Patelco Credit Union

Patelco has 37 branches in California. Some of the cities are:

  • Berkley
  • Brentwood
  • Campbell
  • Castro Valley
  • Citrus Heights
  • Concord
  • Daly City
  • Danville
  • Dublin
  • Elk Grove
  • Fairfield
  • Folsom
  • Fremont
  • Hayward
  • Lafayette
  • Livermore
  • Milpitas
  • Novato
  • Oakland
  • Oakland-City Center
  • Pleasanton
  • Redwood City
  • Rohnert Park
  • Rosewood
  • Sacramento
  • San Bruno
  • San Leandro
  • San Mateo
  • San Francisco-Downton
  • San Francisco-Sunset
  • San Jose-East
  • San Jose-Almaden
  • San Ramon-Crow Canyon
  • Santa Clara
  • Santa Rosa
  • Sunnyvale
  • Walnut City

Patelco Credit Union’s Overview

Patelco Credit Union has been operating for over 80 years. It has over 360,000 members and $7 billion in assets. It was founded in 1936 by employees of Pacific Telegraph and Telecom Company. Now, it’s known as AT&T. Patelco Credit Union started with $500 in assets and has grown significantly over the years.

Patelco Credit Union has a mission statement, “We’re here to strengthen our members’ financial lives”. They are a member-owned, not- or-profit cooperative. They believe in working with the community to support causes dealing with housing, hunger, and children’s health. They have committed to focus on the community’s every day, basic needs.

Patelco Credit Union is focused on the members’ financial needs to keep them saving. Whether it is an emergency, retirement, or college fund, they want their members to succeed.