Patelco showcases an eye-popping APY on its money market account, but dig a little deeper and you’ll find it offers a tiered APY structure. Balances between $1-$2,000 earn a very high APY, and then the yield decreases as the deposit amount increases. The blended APY with a $25,000 deposit, however, is still a very strong APY that’s well above the national average. The credit union’s website offers a calculator to show what your blended APY would be with different deposit amounts. In addition, the account doesn’t charge a monthly fee, and members need just a $1 deposit to open and earn interest.
Even with a tiered APY, the yield is very competitive.
Savers only need a $1 deposit to open and earn interest.
The account doesn’t charge a monthly fee.