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New to SMCU?

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Sign in to Online Banking

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New to SMCU?

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Current SMCU Member

Sign in to Online Banking

Save time! Sign in to Online Banking and click the "Apply for a Loan" or "Open an Additional Account" link. Your personal information will be automatically filled in.

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New to SMCU?

Continue to Application


Current SMCU Member

Sign in to Online Banking

Save time! Sign in to Online Banking and click the "Apply for a Loan" or "Open an Additional Account" link. Your personal information will be automatically filled in.

No thank you, take me to the blank application.

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New to SMCU?

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Current SMCU Member

Sign in to Online Banking

Save time! Sign in to Online Banking and click the "Apply for a Loan" or "Open an Additional Account" link. Your personal information will be automatically filled in.

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Questions?
Call: (650) 363-1725
Email: memberservices@smcu.org

Please note: IRAs, Health Savings, Youth Savings/Certificates, and Business Money Market accounts cannot be opened online. To open these accounts, visit an SMCU branch or call (650) 363-1725.

Rates that make your savings stronger.

At San Mateo Credit union we offer competitive rates, low fees, and expert advice as to the right account for you based on your savings goals. Take a look at our current rates and visit a branch or call (650) 363-1725 to discuss your options.

Checking

Account Type

Minimum Balance to Open

Minimum Average Daily Balance

Dividend Rate

Annual Percentage Yield (APY)

Premium Checking

$50

NA

1.982% on balances $0.01 - $20,000.00 and 0.05% on balances $20,000.01+ when requirements are met; 0% if requirements are not met*

2.00% on balances $0.01 - $20,000.00 and 0.05% on balances $20,000.01+ when requirements are met; 0% if requirements are not met*

Free Checking

$20

NA

NA

NA

Student Checking (ages 13 – 17)

$20

NA

NA

NA

Business Checking

$100

NA

NA

NA

 

Savings

Account Type

Minimum Balance to Open

Dividend Rate

Annual Percentage Yield (APY)

Regular (Share) Savings

$1

0.05%

0.05%

Business Savings

$1

0.05%

0.05%

Youth Savings

$5

0.05%

0.05%

Holiday Club Savings

$25

0.05%

0.05%

IRA Savings

$100

0.10%

0.10%

Health Savings Account (HSA)

$100

0.10%

0.10%

 

Money Market

Account Type

Minimum Balance to Open

Minimum Average Daily Balance

Dividend Rate

Annual Percentage Yield (APY)

Money Market /
Business Money Market
$2,500.00 $250,000.00 and above 0.45% 0.45%
$150,000.00 - $249,999.99 0.40% 0.40%
$125,000.00 - $149,999.99 0.40% 0.40%
$100,000.00 - $124,999.99 0.40% 0.40%
$75,000.00 - $99,999.99 0.30% 0.30%
$50,000.00 - $74,999.99 0.30% 0.30%
$20,000.00 - $49,999.99 0.30% 0.30%
$15,000.00 - $19,999.99 0.25% 0.25%
$10,000.00 - $14,999.99 0.25% 0.25%
$2,500.00 - $9,999.99 0.20% 0.20%
$0.01 - $2,499.99 0.20% 0.20%

 

Certificates

Account Type

Minimum Balance to Open

Term

Dividend Rate

Annual Percentage Yield (APY)

Certificates, IRA Certificates $1,000.00 minimum balance to open a Certificate or IRA Certificate, $500.00 for Education Savings Account (ESA) Certificate 60 Months 2.23% 2.25%
48 Months 1.74% 1.75%
36 Months 1.49% 1.50%
24 Months 1.24% 1.25%
18 Months 1.09% 1.10%
12 Months 1.00% 1.00%
Certificates $1,000.00 11 Months 0.90% 0.90%
6 Months 0.50% 0.50%
3 Months 0.30% 0.30%
Youth Certificate1 $250.00 12 Months 1.00% 1.00%
Add-On Certificate1,2 $500.00 9 Months 0.70% 0.70%
Add-On IRA Certificate3 $2,000.00 24 Months 1.24% 1.25%
Registry Certificate Account4 $100.00 15 Months 0.20% 0.20%

Effective Date: August 18th, 2018

Rates accurate as of effective date 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.  Call (650) 363-1725 or (888) 363-1725 for current rate information or about fees and terms.

* APY = Annual Percentage Yield as of August 18th, 2018; subject to change. 2.00% APY paid on the first $20,000 in average daily balances and 0.05% APY paid on any balances above $20,000 if monthly (statement cycle) requirements are met: 15+ paid debit POS transactions (ATM, ACH, and pending items do not qualify), one direct deposit or payroll deposit (ACH), and eStatements are selected. All requirements must be applied to the Premium Checking account. If the three monthly requirements are not met in their entirety, the APY paid will be 0%. Monthly statement cycle begins on the first day of each month and ends at 11:59:59pm PST on the last day of each calendar month. See account disclosures for full account details.

1 Additional deposits of $50.00 or more allowed during term.
2 Maximum balance permitted is $100,000.00.
3 Additional deposits of $500.00 or more allowed during initial term only.
4 Additional deposits of $15.00 or more allowed.

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