Banking Rates & News

Santa Barbara Area

Including Arroyo Grande, Atascadero, Buellton, Cambria, Carpinteria, Goleta, Grover Beach, Guadalupe, Isla Vista, LOMPOC, and 14 other towns.

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Banking in the Santa Barbara Area

The cities of Santa Barbara, Santa Maria, and San Luis Obispo lie under the back drop of the Santa Ynez Mountains on the central California Coast. People living in this area enjoy upscale boutique shopping and restaurants serving seasonal fare and local wines, along with botanical gardens and zoos that showcase the area’s natural foliage and wildlife. This area has a rich Spanish colonial heritage as well as a history of notable financial institutions. The Santa Barbara Teachers Federal Credit Union first started serving those living here in 1937 and is still open today. Since then the banking industry has grown in this region. Eight banks and five credit unions are headquartered in the area of Santa Barbara, Santa Maria, and San Luis Obispo.

Among the notable institutions found in this area of California one will discover well-known names such as Heritage Oaks Bank, Montecito Bank &Trust, Coast Hills Credit Union, Sesloc Federal Credit Union, and Community West Bank. These institutions, along with the other banks and credit unions of this region, offer services to residents at all stages of their lives. Individuals wanting to start out on the road to financial success can find student loans for schooling, first time home loans, and investment opportunities from many of these establishments. Families enjoy the convenience of approximately 250 branches from nearly 30 banks and 10 credit unions, offering daily needs such as savings and checking accounts, and retirees can make the most of the retirement accounts they’ve contributed to.

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Local Deals & News

WFB again offers $525 savings bonus (till April 1) and $325 checking bonus (till April 9),
upon prematurely aborting $2500 premier checking bonus offer, expected to be on till April 1. https://accountoffers.wellsfargo.com/savingsbonus/  https://accountoffers.wellsfargo.com/welcomebonus/
Wells Fargo $225 Savings Bonus With $10,000 Deposit
Wells Fargo is offering a $225 bonus when you open a new savings account and deposit $10,000 within 30 days. Must maintain the balance through Day 90 from account opening.
12-Month Promotional Interest Rate
Essentially Standard Savings Account with 12-month Guaranteed 4.5% Rate, 4.6% APY when the Balance is $10K+ and the account is called Platinum Promo code is available online but the account
Pacific Western Bank Brings Back Rate-Leading 13-Month CD - Expired
Update 4/29/2024: The rates listed below are no longer available. This post was originally published in June 2023. Since that time, Pacific Western Bank has been acquired by Banc of
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