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Golden 1 Credit Union Review: Checking, Savings and CDs

Jan. 8, 2018
Banking, Banks & Credit Unions, Checking Accounts, Savings Accounts
NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

NerdWallet rating: 4.0/5.0

Where Golden 1 shines:

  • Easy-to-meet membership requirements
  • No monthly fees for basic accounts
  • $0 required to open a basic checking account; $1 required for basic savings

Where Golden 1 falls short:

  • Low or no interest on basic accounts
  • Overdraft fees charged up to six times per day

Where Golden 1 shines:

  • Easy-to-meet membership requirements
  • No monthly fees for basic accounts
  • $0 required to open a basic checking account; $1 required for basic savings

Where Golden 1 falls short:

  • Low or no interest on basic accounts
  • Overdraft fees charged up to six times per day

Where Golden 1 shines:

  • Easy-to-meet membership requirements
  • No monthly fees for basic accounts
  • $0 required to open a basic checking account; $1 required for basic savings

Where Golden 1 falls short:

  • Low or no interest on basic accounts
  • Overdraft fees charged up to six times per day

 

The bottom line

Golden 1 Credit Union

at Golden 1 Credit Union,

Federally insured by the NCUA

With branches across the state and simple membership criteria, you’ll likely find Golden 1 Credit Union accessible if you live in California. And its extensive Co-op ATM and shared branching networks and extended phone service hours make it easy to get help even out of state.

You’ll see your money grow more quickly at competitors that offer higher interest rates (be sure to explore other savings account options), but Golden 1 doesn’t charge monthly fees on basic accounts, and all accounts have low or no minimum opening deposits. Just watch out for overdraft fees — or sign up for overdraft protection transfers to save money.

Best if: You’re a Californian who wants a no-frills, convenient place to park your money.

» Want more options? See NerdWallet’s analysis of the best credit unions.


Ratings methodology

NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, customer experience and overdraft fees.

Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation.

Ratings are rounded to the nearest half-star.