Explore Golden 1 Credit Unions suite of bank accounts

This credit union offers checking and savings accounts with no monthly fees to California residents.

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Golden 1 Credit Union

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Golden 1 Credit Union provides a comprehensive range of accounts with no monthly fees to California residents. But it doesn’t offer business banking products and most APYs hover around 0.20%.

Am I eligible?

You’ll need to open a Regular Savings account with a $1 deposit and meet one of the following requirements to become a Golden 1 member:

  • Live or work in California
  • Relative or domestic partner of a current Golden 1 member
  • Member of a Select Employee Group

What banking products does Golden 1 Credit Union offer?

Why should I open an account at Golden 1 Credit Union?

Golden 1 has a sprinkling of benefits that make it stand out from the pack:

  • Many free accounts. Only two accounts have monthly maintenance fees — the Premium Checking and Money Market Savings accounts.
  • Dividend payouts. Members with interest-bearing accounts earn monthly dividends.
  • CO-OP ATM network. Golden 1 is part of the CO-OP ATM network, which gives members free access to over 30,000 ATMs nationwide.
  • Free incoming wire transfers. You won’t pay a dime for incoming domestic and international wire transfers.

What should I look out for?

While Golden 1 has its perks, you should watch out for these potential drawbacks:

  • No business products. Golden 1 doesn’t offer any checking or savings account options for businesses.
  • Small service area. Golden 1 doesn’t service states outside of California.
  • Subpar APYs. Besides its Coverdell Education Savings account, most Golden 1 products earn a low 0.20% APY.

Compare with leading bank accounts

Name Product Interest rate (APY) Fee Minimum deposit to open
Barclays Online Savings
Earn 20x the national savings account average with no fees or minimums.
American Express® Personal Savings High Yield Savings
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
CIT Bank Savings Builder High Yield Savings Account
A super-high interest rate if you're in the habit of saving at least $100 per month or have $25K in the bank.
BBVA Money Market
$15 per month
(can be waived)
Earn one of the highest annual percentage yields (APYs) if you live in one of 42 eligible states, and access your money by ATM, check or bill pay.
UFB Direct High Yield Savings
Earn a competitive rate with a balance higher than $10,000.
Radius Bank High-Yield Savings
A free high-interest savings account with a $100 minimum deposit to open

Compare up to 4 providers

Golden 1 Credit Union customer service

There are several ways to chat with Golden 1 customer support:

  • Call 877-465-3361 or 916-732-2900 weekdays from 7:30 a.m. to 7 p.m. PT and weekends from 9 a.m. to 5 p.m. PT
  • Email mbrsvc@golden1.com
  • Visit a local branch
  • Send mail to:
      Golden 1 Credit UnionPO Box 15966
      Sacramento, CA 95852-0966

Bottom line

Golden 1 offers a comprehensive range of free checking and savings accounts to California residents. And while it pays dividends monthly, rates are low at 0.20% for most accounts.

If you’re looking for a free account with stronger yields, explore your options until you find a financial institution that’s right for you.

Frequently asked questions

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