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Montecito Bank & Trust


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.41%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
montecito.bank
805-963-7511
1000 State Street
Santa Barbara, CA 93101

Montecito Bank & Trust is headquartered in SANTA BARBARA and is the 42nd largest bank in the state of California. It is also the 570th largest bank in the nation. It was established in 1975 and as of December of 2024, it had grown to 269 employees at 17 locations. Montecito Bank & Trust's CD rates are 67% higher than the national average, and it has a B+ health rating.

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Health
B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #21956
Year Established1975
Employees269
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD4%
Annual Interest Income$84.6MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$2.11B$2.13B
LoansQ4 2024vs Q4 2023$1.27B$1.22B
DepositsQ4 2024vs Q4 2023$1.81B$1.85B
Equity CapitalQ4 2024vs Q4 2023$157.1MM$148MM
Loan Loss AllowanceQ4 2024vs Q4 2023$14.3MM$14.3MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$3.3MM$2.9MM
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.41%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Montecito Bank & Trust Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$0-Personal Savings
0.05%$0-First Steps Savings
0.05%$0-Business Savings
0.05%$0-Business Sweep Savings
0.05%$0-CA Saver
0.05%$0-Health Savings Account

Montecito Bank & Trust Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$500k*-Non Profit Relationship Money Market
OTHER TIERS: 0.30% → $0 - $100k | 0.40% → $100k - $500k
0.30%*$500k*-Personal Relationship Bonus Money Market (Access, Private Access)
OTHER TIERS: 0.20% → $0 - $100k | 0.25% → $100k - $500k
0.25%*$500k*-Business Relationship Money Market
OTHER TIERS: 0.10% → $0 - $100k | 0.20% → $100k - $500k
0.20%*$500k*-Business Money Market
OTHER TIERS: 0.05% → $0 - $100k | 0.15% → $100k - $500k
0.20%*$500k*-Personal Relationship Bonus Money Market (Cashback)
OTHER TIERS: 0.10% → $0 - $100k | 0.15% → $100k - $500k
0.18%*$500k*-Everyday Personal Relationship Bonus Money Market
OTHER TIERS: 0.08% → $0 - $100k | 0.13% → $100k - $500k
0.15%*$500k*-Montecito Money Fund
OTHER TIERS: 0.05% → $0 - $100k | 0.10% → $100k - $500k

Montecito Bank & Trust Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$0-Community Dividends Checking
0.10%$0-Private Access Checking
0.05%$0-Access Checking
0.05%$0-Business Interest Checking

Montecito Bank & Trust CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%$10k-7 Month Access CD
3.80%$1k-Business 7 Month Access CD
2.85%$1k-180 Day CD
2.85%$1k-Business 180 Day CD
1.50%$1k-12 Month CD
1.50%$1k-Business 12 Month CD
0.55%$1k-90 Day CD
0.55%$1k-Business 90 Day CD
0.25%$1k-60 Month CD
0.25%$1k-Business 60 Month CD
0.15%$1k-18 Month CD
0.15%$1k-24 Month CD
0.15%$1k-36 Month CD
0.15%$1k-Business 18 Month CD
0.15%$1k-Business 24 Month CD
0.15%$1k-Business 36 Month CD
0.15%$1k-48 Month CD
0.15%$1k-Business 48 Month CD
0.15%$10k-21 Month You Choose CD
0.15%$10k-Business 21 Month You Choose CD
0.05%$1k-30 Day CD
0.05%$1k-Business 30 Day CD

Montecito Bank & Trust IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.85%$1k-180 Day IRA
1.50%$1k-12 Month IRA
0.55%$1k-90 Day IRA
0.25%$1k-60 Month IRA
0.15%$1k-18 Month IRA
0.15%$1k-24 Month IRA
0.15%$1k-36 Month IRA
0.15%$1k-48 Month IRA
0.05%$1k-30 Day IRA
Locations

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