Source: https://www.patelco.org/checking-and-savings/savings-accounts/share-certificates
Read: 2026-10-22T10:08:40.000Z

Certificates: Rates & How Does it Work - Patelco Skip to main content
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# Certificates
A certificate offers a higher dividend rate with guaranteed return for the term of the deposit.
## Rates as high as
4.25% APY 1
## Minimum Balance
$250.00
## Terms
7- Month New Money
Open Account
## Enjoy an Insured, Guaranteed Return on Your Money
A certificate lets you earn a fixed, higher rate than a traditional savings account when you leave your money untouched for the full term of the certificate. The money is insured by the National Credit Union Administration (NCUA) for up to $250,000. See our exciting promotional offers below.
### 4.25% APY 7-Month New Money Certificate
A limited-time promotional offer for new money only. See below for more details. 1
Apply Now
### 4.15% APY 13-Month Certificate
Lock in a competitive rate for a stable, guaranteed return with this longer-range option. 2
Apply Now
### 4.00% APY 8-Month Certificate
Strike the perfect balance between return and flexibility with this mid-range option. 2
Apply Now
## 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
### Mobile App and Online Banking
Access your certificates and accounts on the go
### Set Up Alerts
Receive alerts for certificate renewal
## Certificates Rates 2
Rates Effective 10/16/2026
ID | Display Order | Term | Min. Balance Min Balance | APY 2 | Dividend Rate | Dividends Paid | Effective Date | Default Display Terms | Maximum Saving | Month
18417 | 1 | 3 – 5 Months | $250.00 | 3.00 | 2.98 | At Maturity | 10/16/2026 | 3 to 60 months | 0 | At Maturity
18422 | 2 | 6 – 11 Months | $250.00 | 3.00 | 3.00 | At Maturity | 08/01/2023 | | 0
18451 | 3.5 | 13-Month Promo | $250.00 | 4.15 | 4.08 | Monthly | 10/16/2026 | | 0 | 2.75
18545 | 4 | 12 – 17 Months | $250.00 | 3.00 | 2.96 | Monthly | 08/01/2023 | | 0
18557 | 5.2 | 18 – 23 Months | $250.00 | 3.00 | 2.96 | Monthly | 11/07/2025 | | $500,000.00 | 18-Month
18565 | 7 | 24 – 35 Months | $250.00 | 3.00 | 2.96 | Monthly | 11/07/2025 | | 0
18571 | 8 | 36 – 47 Months | $250.00 | 3.00 | 2.96 | Monthly | 11/07/2025 | | 0
18577 | 9 | 48 – 59 Months | $250.00 | 3.25 | 3.21 | Monthly | 11/07/2025 | | 0
18584 | 10 | 60 Months | $250.00 | 3.50 | 3.45 | Monthly | 11/07/2025 | 3 to 60 Months | 0
42990 | 2.5 | 7-Month Promo * | $250.00 | 4.25 | 4.17 | Monthly | 08/07/2026 | 7-Month Promo * | 0 | 3.00
48057 | 3.25 | 8-Month Promo | $250.00 | 4.00 | 3.93 | Monthly | 10/16/2026 | 8-Month Promo | 0 | 2.75
* The 7-Month Certificate Promotion is available for New Money only 1
## IRA Certificates Rates 2
Rates Effective 10/16/2026
ID | Display Order | Term | Min. Balance | APY 2 | Dividend Rate | Dividends Paid | Effective Date
48062 | 2.6 | 8-Month Promo | $250.00 | 4.00 | 3.93 | Monthly | 10/16/2026
42991 | 2.5 | 7-Month Promo * | $250.00 | 4.25 | 4.17 | Monthly | 08/07/2026
18651 | 10 | 60 Months | $250.00 | 3.50 | 3.45 | Monthly | 06/14/2024
18645 | 9 | 48 - 59 Months | $250.00 | 3.25 | 3.21 | Monthly | 11/07/2025
18635 | 8 | 36 - 47 Months | $250.00 | 3.00 | 2.96 | Monthly | 11/07/2024
18627 | 7 | 24 - 35 Months | $250.00 | 3.00 | 2.96 | Monthly | 11/07/2023
18517 | 5.2 | 18 - 23 Months | $250.00 | 3.00 | 2.96 | Monthly | 11/07/2024
18510 | 3 | 12 - 17 Months | $250.00 | 3.00 | 2.96 | Monthly | 08/01/2023
18501 | 2.7 | 13-Month Promo | $250.00 | 4.15 | 4.08 | Monthly | 10/16/2026
18486 | 2 | 6 - 11 Months | $250.00 | 3.00 | 3.00 | At Maturity | 09/01/2026
18462 | 1 | 3 - 5 Months | $250.00 | 3.00 | 2.98 | At Maturity | 10/16/2026
* The 7-Month Certificate Promotion is available for New Money only 1
## Certificate FAQs
### What are the benefits of becoming a Patelco member?
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.
### Why should I open a certificate account?
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.
### When do I get paid dividends?
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.
For limited-time certificate promotions, dividend rates may be paid monthly on terms lesser than 12 months.
### What is the early withdrawal penalty?
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. 4
### Is the certificate available for IRAs?
Yes. All regular certificates can be opened as IRA certificates, unless otherwise noted. Minimum balance for all IRA certificates is $250.
### What qualifies as new money for the 7-Month promotion?
New Money means funds originating from outside Patelco and not transferred from any existing Patelco account, including checking, savings, money market, certificate, or IRA accounts. Funds transferred between Patelco accounts do not qualify. Funds deposited to Patelco from an external financial institution within 10 calendar days prior to opening the promotional certificate will be considered New Money for purposes of this promotion.
Certificate Ladder Strategy
A common strategy for savers using share certificates 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
Guaranteed return on principal
Open Account Certificate Ladder Strategy
IRA Certificates
All regular certificates can be opened as IRA certificates, unless otherwise noted. Minimum balance for all IRA certificates is $250.
Get Started IRA Certificates
## Recommended Reading
#### November 14, 2023
What is a share certificate?
Share certificates are a type of savings account offered only by credit unions. This guide explains what share certificates are, how they work, and their benefits.
#### July 17, 2023
Types of savings accounts
Considering opening a savings account? Get answers to what is a savings account and the different types you have to choose from.
#### July 17, 2023
What is a money market account?
Learn how a money market account works, the benefits and drawbacks, how to choose the best MMA for you, and tips for using one effectively.
1 Rate as of 10/16/2026. New Money means funds originating from outside Patelco and not transferred from any existing Patelco account, including checking, savings, money market, certificate, or IRA accounts. Funds transferred between Patelco accounts do not qualify. Funds deposited to Patelco from an external financial institution within 10 calendar days prior to opening the promotional certificate will be considered New Money for purposes of this promotion. Patelco reserves the right to determine and verify eligibility for this offer. Offer subject to end at any time.
2 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 Certificates and IRA Certificates is $250.
3 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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