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Monterey Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
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 7/18/2025
4.44%
Our Rating
4.3  / 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
Bonus Amount
up to $300
Our Rating
4.2  / 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
www.montereycu.com
831-647-1000
501 E Franklin ST
Monterey, CA 93940

Monterey Credit Union is headquartered in MONTEREY and is the 106th largest credit union in the state of California. It is also the 973rd largest credit union in the nation. It was established in 1968 and as of March of 2025, it had grown to 73 employees and 19,083 members at 5 locations. Monterey Credit Union's savings rates are 8X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership to Monterey Credit Union is open to those who live or work in the California counties of Monterey, San Benito, Santa Clara, Santa Cruz, or San Luis Obispo.
See current membership details

Reviews

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Health
B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #97071
Year Chartered1968
Employees73
Primary Regulator
Profit Margin
Return on Assets - YTD-1.82%
Return on Equity - YTD-25.22%
Annual Interest Income$3.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$334.7MM$308.7MM
LoansQ1 2025vs Q1 2024$226.3MM$207.5MM
DepositsQ1 2025vs Q1 2024$289.8MM$263MM
Equity CapitalQ1 2025vs Q1 2024$23.5MM$25.4MM
Loan Loss AllowanceQ1 2025vs Q1 2024$2MM$2.3MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$1.3MM$2.1MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
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 7/18/2025
4.44%
Our Rating
4.3  / 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
Bonus Amount
up to $300
Our Rating
4.2  / 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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Always verify rates and promotions with the bank or credit union. We are not Monterey Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Monterey Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.34%*$1m*-Redwood Savings
OTHER TIERS: 3.05% → $250k - $500k | 3.30% → $500k - $750k | 3.82% → $750k - $1m
1.77%*$250k*-Platinum Savings
OTHER TIERS: 0.05% → $0 - $10k | 0.25% → $10k - $100k | 1.56% → $100k - $250k
0.25%*$10k*-High Rate Savings
OTHER TIERS: 0.05% → $0 - $10k
0.05%*$250*-Share Savings
OTHER TIERS: 0.01% → $0 - $250
0.05%$0-Education IRA Accumulation
0.05%$0-SEP IRA Accumulation

Monterey Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$10k*-Money Market
OTHER TIERS: 0.03% → $0 - $2.5k | 0.05% → $2.5k - $10k
0.05%$0-Market IRA

Monterey Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
8.33%*$0$10kLive Full Checking
OTHER TIERS: 0.01% → $10k+

Monterey Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.59%$100k$1m15 Month CD Special - New Money
2.93%*$100k*-3 Month CD
OTHER TIERS: 0.56% → $1k - $10k | 0.83% → $10k - $50k | 1.40% → $50k - $100k
2.82%$100k-60 Day Jumbo CD
2.72%$100k-30 Day Jumbo CD
2.69%*$100k*-12 Month CD
OTHER TIERS: 0.54% → $1k - $10k | 0.81% → $10k - $50k | 1.37% → $50k - $100k
2.59%*$100k*-18 Month CD
OTHER TIERS: 0.52% → $1k - $10k | 0.78% → $10k - $50k | 1.32% → $50k - $100k
2.59%*$100k*-24 Month CD
OTHER TIERS: 0.50% → $1k - $10k | 0.75% → $10k - $50k | 1.27% → $50k - $100k
2.58%*$100k*-6 Month CD
OTHER TIERS: 0.40% → $1k - $10k | 0.50% → $10k - $50k | 0.85% → $50k - $100k

Monterey Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.93%*$100k*-3 Month IRA
OTHER TIERS: 0.56% → $1k - $10k | 0.83% → $10k - $50k | 1.40% → $50k - $100k
2.69%*$100k*-12 Month IRA
OTHER TIERS: 0.54% → $1k - $10k | 0.81% → $10k - $50k | 1.37% → $50k - $100k
2.59%*$100k*-18 Month IRA
OTHER TIERS: 0.52% → $1k - $10k | 0.78% → $10k - $50k | 1.32% → $50k - $100k
2.58%*$100k*-6 Month IRA
OTHER TIERS: 0.40% → $1k - $10k | 0.50% → $10k - $50k | 0.85% → $50k - $100k
2.54%*$100k*-24 Month IRA
OTHER TIERS: 0.50% → $1k - $10k | 0.75% → $10k - $50k | 1.27% → $50k - $100k
0.05%$0-Roth IRA Accumulation
Locations


Monterey Credit Union Locations
Branch Office1566 N Main StSalinas, CA 93906
Branch Office24560 Silver Cloud Ct Ste 204MONTEREY, CA 93940-6560
Branch Office501 E FRANKLIN STMONTEREY, CA 93940
Branch Office1760 Airline Hwy Ste H2Hollister, CA 95023
Branch Office26135 Carmel Rancho Blvd Ste BCarmel, CA 93923

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