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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 09/20/2020.

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%

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 1.490% 1.50%
$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%
Certificates of Deposit (CDs) 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 CD today at your nearest SMCU branch.
 

Regular Certificates:

$1,000 minimum opening balance.

Regular Certificate Term
Standard Rate Standard APY* Rate with Active Checking† APY* with Active Checking†
60 Months 0.95% 0.95% 1.20% 1.20%
48 Months 0.85% 0.85% 1.10% 1.10%
36 Months 0.75% 0.75% 1.00% 1.00%
24 Months 0.65% 0.65% 0.90% 0.90%
18 Months 0.55% 0.55% 0.80% 0.80%
12 Months 0.50% 0.50% 0.75% 0.75%
6 Months 0.30% 0.30% 0.55% 0.55%
3 Months 0.10% 0.10% 0.35% 0.35%

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 1.05% 1.05% 1.30% 1.30%
48 Months 1.00% 1.00% 1.25% 1.25%
36 Months 0.85% 0.85% 1.10% 1.10%
24 Months 0.75% 0.75% 1.00% 1.00%
18 Months 0.65% 0.65% 0.90% 0.90%
12 Months 0.55% 0.55% 0.80% 0.80%

Special Certificates:

Product Term Minimum
Balance
to Open
Standard Rate Standard APY* Rate With
Active
Checking†
APY* With
Active
Checking†
Youth Certificate 12 months $250.00 0.55% 0.55% 0.80% 0.80%
Add-On IRA Certificate1 24 months $2000.00 0.75% 0.75% 1.00% 1.00%
Registry Certificate Account2 15 Months $100.00 0.20% 0.20% 0.45% 0.45%
* 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 $500.00 or more allowed during initial term only.
2. Additional deposits of $15.00 or more allowed.

† Offer details current as of 10/17/19 for an eligible certificate of deposit (CD) account that has an open or auto-renewal (rollover) date on or after 10/17/2019. The advertised CD 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 CD will earn the base rate that was set at the account opening or rollover date. The CD 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 CD base rate and the CD dividend rate increase as earned. Both the CD and the checking account must be held by the primary account owner to be eligible for the CD dividend rate increase. The checking account must be open and in Good Standing, as defined in the SMCU Account Agreement, to earn the CD dividend rate increase for each month. This offer cannot be combined with any other CD rate increase offer and not all CDs 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 $2,500, after which you can earn interest on any balance.
Average Daily Balance Dividend rate Annual percentage yield (APY)
$250,000.00 and above 0.60% 0.60%
$100,000.00 - $249,999.99 0.50% 0.50%
$50,000.00 - $99,999.99 0.40% 0.40%
$0.01 - $49,999.99 0.30% 0.30%
PRODUCT MINIMUM BALANCE TO OPEN DIVIDEND RATE ANNUAL PERCENTAGE YIELD (APY)

Premium Checking when requirements are met*

$50.00

Blended rate: 0.995%APY 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%

* 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.

Click Here for your custom rate quote.

Click Here for your custom rate quote.

SMCU credit cards carry a variable rate and your specific rate within the rate ranges displayed below depends on your credit score.
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%
* APR = Annual Percentage Rate.
The following rates apply to new and used auto loans for vehicles that are 2012 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 2.99%
61 - 72 Months $15,000 3.24%
73 - 84 Months $25,000 3.99%
* APR = Annual Percentage Rate. 
The following rates apply to new and used boats, motor homes, and travel trailers that are 2012 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%
* APR = Annual Percentage Rate.
The following rates apply to new and used motorcycles that are 2012 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%
* APR = Annual Percentage Rate.
Deposit rates and annual percentage yields (APY) are effective 09/20/2020 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 09/20/2020  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.