Companion Account - Stanford Federal Credit Union Skip to main content
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Global supply chain issues are impacting delivery times for plastic credit and debit cards. We appreciate your patience and understanding as you wait for your card. A digital version of your card is always available in Online Banking and the mobile app, so you can load it to your mobile wallet, add it to your subscriptions, and shop online. Go to Services > MORE OPTIONS > Digital Card.

Alert Notification Icon

Global supply chain issues are impacting delivery times for plastic credit and debit cards. We appreciate your patience and understanding as you wait for your card. A digital version of your card is always available in Online Banking and the mobile app, so you can load it to your mobile wallet, add it to your subscriptions, and shop online. Go to Services > MORE OPTIONS > Digital Card.

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 3.04% 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 3.00% 3.04%

Effective 12/23/22

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.