Opening an Account
All new CUBS members are required to open a savings account with a minimum deposit of $25 dollars before opening other accounts such as checking and certificates of deposit.
Bring the Following
-Minimum deposits for the account you're opening (Account Info)
-Two forms of photo identification (Driver's License and Cal ID preferred).
-Social Security Number or Tax ID Number.
-Fill out a signature card (printable version for download here), this can also be done in our branch.
If you are representing a student group
-Bring a signed letter from the Office of Student Life listing the
members you want on the account as signatories
Accounts
Account |
Name |
Requirements |
APY (Min. Balance) |
S2 |
Regular Savings |
None |
.10% ($100) |
S6 |
Young Savers |
Must be under the age of 25 |
.10% ($25) |
S17 |
Basic Checking |
For non-students and student groups/organizations |
N/A ($0) |
S18 |
Green Rewards Checking |
High yield Eco-friendly checking account |
3.01%*($0) |
S29 |
UC Berkeley Checking |
For all UC Berkeley students and student groups, a minimum balance of $750 is required to accrue interest. |
.10% ($0) |
*Requirements:
Open a checking account with $100 initial deposit, Make at least 12 debit card purchases per month, Receive electronic statements, Access Online Bill Pay, Online Banking at least once per month, Set up 1 direct deposit or 1 automatic payment per month.
If conditions are unmet, S29 conditions apply.
Credit Cards
Credit Card |
Credit Limit |
APR |
Notes |
Student VISA |
$500-$1500 |
9.99%-15% |
See Below* |
VISA Gold |
$5000-$25,000 |
9.99% |
|
VISA Classic |
$500-$5,000 |
12.96% |
|
Premium Secured |
$500 |
9.96% |
Will loan 100% of savings deposited and pledged as guarantee |
Credit Builder Secured |
$500 |
15% |
Will loan 90% of savings deposited and pledged as guarantee |
Student VISA
Sign up for a CUBS Student VISA card today! Start building credit at a low interest rate and get discounts at local businesses when you present your card. For details and information about the new credit card laws, click here.
Eligibility for a Student VISA is based on the following
Full-time UCB student over the age of 18
$200 minimum monthly income (parental support counts as income)
No derogatory Credit
24-hour access through home banking
$500-$1500 Credit Limit***
No co-signer required*
No annual fee; late fee $15; over-the-limit fee $20
15% APR***
Apply for direct payment from your savings or checking account to receive a rate reduction to 9.99%***
Student Loans
Tier |
Score |
Index' Plus |
APR |
Fees |
A+ |
800-850 |
0.75% |
4.00% |
0% |
A |
760-799 |
1.75% |
5.00% |
2% |
B |
680-759 |
2.75% |
6.00% |
3% |
C |
640-679 |
4.75% |
8.00% |
5% |
D |
620-639 |
6.75% |
10.00% |
5% |
For more information, or to submit an application for a student loan, please click here.
Certificate of Deposit
Certificate accounts will have a fixed rate for the term of the certificate.
Min Deposit |
Rate / APY |
3 Mo Cert |
6 MO Cert |
18 MO Cert |
1 YR Cert |
2 YR Cert |
3 YR Cert |
4 YR Cert |
$1,000 -$4,999 |
Rate / APY |
0.30% / 0.31% |
0.40% / 0.41% |
0.40% / 0.41% |
0.50% / 0.51% |
0.50% / 0.51% |
2.00% / 2.01% |
2.00% / 2.01% |
$5,000- $24,999 |
Rate / APY |
0.40% / 0.41% |
0.50% / 0.51% |
0.50% / 0.51% |
1.00% / 1.01% |
1.00% / 1.01% |
2.10% / 2.12% |
2.10% / 2.12% |
$25,000 - $99,999 |
Rate / APY |
0.50% / 0.51% |
1.00% / 1.01% |
1.00% / 1.01% |
1.10% / 1.11% |
1.10% / 1.11% |
2.20% / 2.22% |
2.20% / 2.22% |
$100,000 and up |
Rate / APY |
1.00% / 1.01% |
1.10% / 1.11% |
1.10% / 1.11% |
1.15% / 1.16% |
1.15% / 1.16% |
2.30% / 2.32% |
2.30% / 2.32% |
Auto Loans
New Auto
Loan Type |
Score Range |
Score Range |
Score Range |
Score Range |
Secured Loans |
Platinum |
A |
B |
C |
3 mnths or 3,000 mls |
730 |
729-680 |
679-640 |
639-600 |
All Secured - 36 mos. |
5.00% |
5.25% |
5.75% |
6.50% |
All Secured - 48 mos. |
5.00% |
5.25% |
5.75% |
6.50% |
All Secured - 60 mos. |
5.00% |
5.25% |
6.75% |
8.75% |
All Secured - 72 mos. |
5.50% |
5.75% |
7.25% |
9.75% |
All Secured - 84 mos. |
5.50% |
5.75% |
7.25% |
9.75% |
For Addition Loan rates, Please refer here. Scroll down to the auto loans section.
*Starting on February 22, 2010, federal law mandates that all US residents under the age of 21 must have a cosigner or proof of income to receive a credit card. For more information, click here.
*** Subject to credit approval
