Companion Account - Stanford Federal Credit Union Skip to main content
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Warning! Stanford FCU impersonator scams are on the rise. We will never ask you for personal information, passwords or to transfer money. Call 888.723.7328opens phone dialer with questions or to report a scam. Our Contact Center is open 24/7.

Companion Account

You’ll earn an amazing high rate on this Basic Savings account when you partner it with another deposit account!

Become a member first, then open your Certificate, Savings or Money Market Account before opening your Companion Account in Online or Mobile Banking.

Earn 3.56% APY!

Features

  • No minimum deposit to open the account (minimum $50 balance to earn dividends)
  • No minimum balance requirement or monthly fee
  • Access funds with a debit card and Online or Mobile Banking
  • Companion Accounts can be opened when you have a Certificate, Savings or Money Market Account (if the linked account is closed, the Companion Account will convert to a regular savings earning a lower rate)
  • Maximum balance in the Companion Account cannot exceed the balance of the linked account
  • Deposits are federally insured by the NCUA to at least $250,000

Companion Account Rates

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Account Description Dividend Rate Annual Percentage Yield (APY)
Companion Account 3.50% 3.56%

Effective 5/12/23

Looking for higher earning potential?

Visit our Wealth Management section to learn more!

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Savings Education

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The Companion Account rate is variable. Dividends are compounded and paid monthly. The Companion Savings account is linked to a regular savings, money market, or certificate account. For Companion Savings accounts linked to a regular savings or money market, dividends will be calculated based on the average daily balance of the linked savings or money market for the previous month since there is a fluctuating balance due to deposits and withdrawals. For a Companion Savings linked to a certificate account, dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Once a Certificate is opened, the rate remains fixed through maturity, and early withdrawal penalties apply and may reduce earnings. Membership eligibility is required.