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Providing better rates is part of our mission

San Mateo Credit Union is dedicated to providing competitive loan and savings rates. The following rates are effective 09/17/2021. For mortgage rates effective date, please see the mortgage section below. 

Product Minimum Balance to Open Dividend Rate Annual Percentage Yield (APY)
Regular (Share) Savings $1.00 0.05% 0.05%
Business Savings $1.00 0.05% 0.05%
Youth Savers $5.00 0.05% 0.05%
Holiday Savings $25.00 0.05% 0.05%
IRA Savings $100.00 0.10% 0.10%
Health Savings Account (HSA) $100.00 0.25% 0.25%

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Digital Savings:

Designed for the member who prefers e-options. This account can be opened and managed right from your phone or laptop.  Learn more.

Minimum Balance to Open: $0.00

Average Daily Balance Dividend Rate Annual Percentage Yield (APY)
$0.01 - $4,999.99 0.995% 1.00%
$5,000.00 - $9,999.99 0.747% 0.75%
$10,000.00 - $19,999.99 0.499% 0.50%
$20,000.00 and above 0.250% 0.250%

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Share Certificates (certificates) carry some of SMCU’s highest interest rates and are available in a variety of terms from three to 60 months.
To earn a rate increase of 0.25% each month on top of SMCU’s standard rates, you simply need an SMCU checking account with monthly direct deposit.†
See rates and complete details below and open a certificate today at your nearest SMCU branch.
 

Share Certificates:

$1,000 minimum opening balance.

Share Certificate Term
Standard Rate Standard APY* Rate with Active Checking† APY* with Active Checking†
60 Months 0.65% 0.65% 0.90% 0.90%
48 Months 0.55% 0.55% 0.80% 0.80%
36 Months 0.45% 0.45% 0.70% 0.70%
24 Months 0.35% 0.35% 0.60% 0.60%
18 Months 0.30% 0.30% 0.55% 0.55%
12 Months 0.25% 0.25% 0.50% 0.50%
6 Months 0.10% 0.10% 0.35% 0.35%
3 Months 0.05% 0.05% 0.30% 0.30%

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IRA Certificates: 

$1,000 minimum opening balance for Traditional and Roth IRAs and $500 For Educational Savings Accounts (ESA).

Regular Certificate Term
Standard Rate Standard APY* Rate with Active Checking† APY* with Active Checking†
60 Months 0.65% 0.65% 0.90% 0.90%
48 Months 0.55% 0.55% 0.80% 0.80%
36 Months 0.45% 0.45% 0.70% 0.70%
24 Months 0.35% 0.35% 0.60% 0.60%
18 Months 0.30% 0.30% 0.55% 0.55%
12 Months 0.25% 0.25% 0.50% 0.50%

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Special Certificates:

Product Term Minimum
Balance
to Open
Standard Rate Standard APY* Rate With
Active
Checking†
APY* With
Active
Checking†
Youth Certificate1 12 months $250.00 0.25% 0.25% 0.50% 0.50%
Add-On IRA Certificate2 24 months $2000.00 0.35% 0.35% 0.60% 0.60%
Registry Certificate Account3 15 Months $100.00 0.20% 0.20% 0.45% 0.45%

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* APY = Annual Percentage Yield. Certificate Yields assume dividends remain in account until maturity; penalty imposed for early withdrawal. Fees may reduce earnings.

1. Additional deposits of $50.00 or more allowed.
2. Additional deposits of $500.00 or more allowed during initial term only.
3. Additional deposits of $15.00 or more allowed.

† Offer details current as of 7/20/2021 for an eligible Share Certificate (certificate) account that has an open or auto-renewal (rollover) date on or after 7/20/2021. The advertised certificate dividend rate increase can be earned for members who have an “Active Checking” account. Active Checking account is defined as a checking account that has at least one (1) direct deposit or ACH deposit (excluding telephone, teller or dividend posting transactions) during the monthly Statement Cycle (statement cycle period is 12:00 am on the first day of each month and ends at 11:59 pm on the last day of each month). For a Statement Cycle during which the Active Checking account deposit requirement is not met, the certificate will earn the base rate that was set at the account opening or rollover date. The certificate dividend rate increase is earned on a month-by-month basis and disclosed as the Annual Percentage Yield Earned (APYE). The APYE, on a monthly basis, calculates both the certificate base rate and the certificate dividend rate increase as earned. Both the certificate and the checking account must be held by the primary account owner to be eligible for the certificate dividend rate increase. The checking account must be open and in Good Standing, as defined in the SMCU Account Agreement, to earn the certificate dividend rate increase for each month. This offer cannot be combined with any other certificate rate increase offer and not all certificates may be eligible. Offer is subject to change or removal at any time without notice. Penalties may be imposed for early withdrawal and fees may reduce earnings. Please ask an SMCU representative for complete offer details, conditions, and restrictions.

The following rates apply to both Money Market Plus and Business Money Market Plus. The minimum balance required to open either account is $2500 after which you can earn interest on any balance.

Average Daily Balance Dividend rate Annual percentage yield (APY)
$250,000.00 and above 0.25% 0.25%
$100,000.00 - $249,999.99 0.25% 0.25%
$50,000.00-$99,999.99 0.15% 0.15%
$0.01 - $49,999.99 0.10% 0.10%

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PRODUCT MINIMUM BALANCE TO OPEN DIVIDEND RATE ANNUAL PERCENTAGE YIELD (APY)

Premium Checking when requirements are met*

$20.00

Blended rate: 0.995% on balances $0.01 - $50,000 and 0.05% on balances $50,000.01+

Blended APY: 1.00%APY on balances $0.01 - $50,000
and 0.05% on balances $50,000.01+

Premium Checking when requirements are not met*

0%

0%

Free Checking

$20.00

0%

0%

Business Checking

$100.00

0%

0%

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* APY = Annual Percentage Yield as of 3/1/2020; subject to change. 1.00% APY paid on the first $50,000 in average daily balances and 0.05% APY paid on any average daily balances above $50,000 if three monthly (statement cycle) requirements are met, as follows: (1) 10 or more debit card purchases or debit card payments are posted (ACH/bill pay payments and ATM transactions are not counted toward the monthly requirement), (2) one direct deposit, payroll deposit, or external ACH transfer is received, (3) eStatements are selected. All requirements must be applied to the Premium Checking account. If the monthly (statement cycle) requirements are not met in their entirety, the APY paid will be 0% for that statement cycle. Limit one (1) Premium Checking account per membership. Visit smcu.org/checking for more details.

Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice.  Nothing herein is or should be interpreted as an offer or commitment to rate or to lend. All loans are suject to credit and property approval. The following rates are effective 9/16/2021.

Custom Rate Button
 

Conforming Home Loan Rates ($50,000 to $548,250)

Product Rate APR*
15 Year Fixed Rate 2.250% 2.531%
20 Year Fixed Rate 2.625% 2.873%
30 Year Fixed Rate 3.000% 3.214%
5/5 Adjustable Rate 2.375% 2.584%
7/1 Adjustable Rate 2.500% 2.710%
10/1 Adjustable Rate 2.625% 2.836%

High Balance Home Loan Rates ($548,251 to $822,375)

Product Rate APR*
15 Year Fixed Rate 2.500% 2.747%
30 Year Fixed Rate 3.000% 3.194%
5/5 Adjustable Rate 2.25% 2.458%
7/1 Adjustable Rate 2.625% 2.836%
10/1 Adjustable Rate 2.625% 2.836%

Jumbo Home Loan Rates ($822,376 to $3,500,000)

Product Rate APR
15 Year Fixed Rate 2.625% 2.909%
30 Year Fixed Rate 2.875% 3.088%
5/5 Adjustable Rate 2.375% 2.584%
7/1 Adjustable Rate 2.500% 2.710%
10/1 Adjustable Rate 2.625% 2.836%

Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice.  Nothing herein is or should be interpreted as an offer or commitment to rate or to lend. All loans are suject to credit and property approval. 

Custom Rate Button

 

Rates are effective 9/16/2021. Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to rate or to lend. All loans are subject to credit and property approval. 
*APR means Annual Percentage Rate. Advertised rates are stated for term including applicable points and customary closing costs at a 60 day lock.
Conforming rates are based on a $200,000 loan, High Balance rates based on a $550,000 loan and Jumbo rates are based on a $825,000 loan.
All rates are based on the following:
Owner occupied, California, single family home, no cash-out with 740 credit score and 60% loan-to-value. Additional pricing may apply if the loan amount requested is outside these criteria. All loans subject to credit, income, debt and property qualification. All applicants subject to credit union membership eligibility; membership is required.
Adjustable Rate Mortgage (ARM) Rates: The APR for the ARM loans are based on the United States Treasury securities adjusted to a constant maturity (CMT) of 1 year for the following loan products (if available): 3/1, 7/1 and 10/1 ARMS or the 5 year CMT for the 5/5 ARM product or the 10 year CMT for the 10/10 ARM as made available by the Federal Reserve Board. 3/1, 5/1 and 5/5 ARM products offer 2% Initial and Annual Maximum Adjustment. Maximum APR during the life of the loan will not exceed the APR in effect at the time of funding by more than 5% over the initial start rate. The 7/1 and 10/1 ARM products offers 5% Initial and 2% Annual Maximum Adjustment. Floor rate will not drop below the margin. 

Published rate may be adjusted based on other factors, including but not limited to, when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, debt to income ratio, and loan to value.
 

Click Here for your custom rate quote.
 

Home Equity Line of Credit

Rate As Low As APR* As Low As
3.25% 3.25%
Term Rates As Low As APR* As Low As
5 years 4.000% 4.000%
10 years 4.500% 4.500%
15 years 5.375% 5.375%

SMCU credit cards carry a variable rate and your specific rate within the rate ranges displayed below depends on your credit score.

Apply Now
 
 

1. APR = Annual Percentage Rate.
2. APR = Annual Percentage Rate. Introductory rates vary based on credit qualifications and are not available for all credit tiers. Introductory APR only applies to purchases and will not apply to balance transfers or cash advances.
3. The Visa Secured card requires 110% of your credit limit to be held in a savings account as collateral.

Product Term Available Credit APR* as low as
Personal Loan Up to 60 Months $100.00 - $25,000.00 8.99%
Computer Loan Up to 24 Months $300.00 - $2,000.00 9.99%
Tax Loan Up to 60 months $300 - $25,000 8.99%

Apply Now
 
 

* APR = Annual Percentage Rate.

The following rates apply to new and used auto loans for vehicles that are 2013 or newer, have a maximum of 100,000 miles, and do not exceed 130% of the Retail Blue Book MSRP. For rates and options outside of these parameters, please call (650) 363-1725 (choose option #3).

Term Minimum Amount APR* as low as
Up to 36 Months N/A 1.99%
37 - 60 Months $10,000 2.49%
61 - 72 Months $15,000 2.74%
73 - 84 Months $25,000 3.24%

Apply Now
 
 

* APR = Annual Percentage Rate. Advertised rates are “floor rates” and previously-listed discounts cannot cause the rate to go any lower than the advertised rate.

The following rates apply to new and used boats, motor homes, and travel trailers that are 2013 or newer, have a maximum of 100,000 miles, and do not exceed 130% of the Retail Blue Book MSRP. For rates and options outside of these parameters, please call (650) 363-1725 (choose option #3).

Term APR* as low as
Up to 84 Months 5.75%

Apply Now
 
 

* APR = Annual Percentage Rate.

The following rates apply to new and used motorcycles that are 2013 or newer and have a maximum of 100,000 miles. For rates and options outside of these parameters, please call (650) 363-1725 (choose option #3).

Term APR* as low as
Up to 60 Months 4.75%

Apply Now
 
 

* APR = Annual Percentage Rate.

Deposit rates and annual percentage yields (APY) are effective 09/17/2021 unless otherwise noted and subject to change at any time. Unless otherwise noted, dividend-bearing accounts have variable rates subject to change at any time after the account is opened.  When a Certificate is opened, the rate is fixed for the stated term.  Dividends are compounded and credited monthly.  Membership eligibility requirements apply.  Fees may reduce earnings.  Early withdrawal penalty applies to Certificates.  Early IRA withdrawals may be subject to tax penalty.  Consult your tax or financial advisor for IRA and HSA information.  Pre-authorized withdrawal transaction limits apply to savings and money market accounts.  Please refer to the Truth-In- Savings Disclosure and Cost Recovery Schedule for other account terms and conditions.

Loan rates and annual percentage rates (APR) are effective 09/17/2021  unless otherwise noted and subject to change at any time. All loans and credit cards are subject to credit approval and income and employment verification. Membership eligibility requirements apply. Total unsecured debt cannot exceed $35,000.00 maximum aggregate limit. Total secured debt and total secured and unsecured aggregate debt cannot exceed $3,500,000.00.

Call (650) 363-1725 or visit any branch for additional information on rates, fees, terms, and conditions. 
 

Resources
Premium Checking
Here’s the perfect account to earn a high interest rate when you use your debit card often.
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