The Cash Back checking account allows our members to earn $10 each monthly statement cycle with regular use of your MCU VISA Check Card, Online Banking, and e-statement enrollment when activity requirements are met. No monthly fee.
The Live Full checking account allows our members to earn 4.00 % APY on the first $10,000 with regular use of your MCU VISA Debit Card, Online Banking, and E-statement enrollment when activity requirements are met. No monthly fee.
Disclosures:
Get $10 per month when you meet activity requirements on Cash Back Checking
No dividends. $50 minimum balance to open. To earn $10 each monthly statement cycle on Cash Back Checking account, member must be enrolled in MCU Online Banking and E-statements, and meet activity requirements of at least one MCU Online Banking log-in in the previous 90 calendar days, and at least 30 MCU debit card merchant purchases ($3 per-purchase minimum)that post and clear during the statement cycle. Reversed debit card purchases (for example, returns for merchant credit) do not count toward the 30-purchase monthly minimum. MCU reserves the right to not pay cash back if we determine purchases or returns are being manipulated to qualify. At least one merchant purchase per monthly statement cycle must be from Amazon(R), Netflix(R), iTunes(R), or Google(R). Account terms subject to change after opening. The Qualification Cycle begins on the first calendar day of each month and ends on the last calendar day of each month, except that the Qualification Cycle for VISA® Check Card activity ends at 9:00p.m. Pacific time. Refer to account opening documents for detailed terms, conditions, and restrictions
Earn up to 4.00% APY on up to $10,000 on an MCU Live Full Checking
APY = annual percentage yield. Rate and terms are subject to change after account opening. Fees may reduce earnings. To earn dividends on Live Full Checking for a statement cycle, member must be enrolled in MCU Online Banking and E-statements, have at least one MCU online banking log-in in the previous 90 days, and have at least 25 MCU debit card purchase transactions ($3 minimum per purchase) during the statement cycle. Reversed debit card purchases (such as for merchant credits) do not count toward the purchase transaction minimum. MCU reserves the right not to pay dividends if we determine merchant purchases are being manipulated to qualify. $100 minimum balance to open. $0.01 balance required to earn dividends if activity requirments are met. If dividends are earned, 4.00% APY applies to first $10,000 of balance and 0.09% APY to remainder of balance for a composite APY between 4.00% and 0.09% on balances over $10,000. Quoted rates and terms available as of 07/16/2026; subject to change without notice.
Important: Monterey Credit Union is a nonprofit community cooperative. If you do not intend to use MCU for your primary checking, please do not open the account.
Special Promotion for Morgan Hill Residents Only!
Offer exclusive for Morgan Hill residents; address subject to verification. Offer available as of 07/09/2026; subject to change or cancellation at any time. To get $200, open an MCU Live Full Checking account with at least $100 or Cash Back checking with at least $50 and enroll in Monterey CU online banking, e-statements, and mobile deposit. Incentive is paid within 14 days after qualifying services are established in the form of a check for mobile deposit to Monterey CU only. No other bonus payment method available. Membership required for all Monterey CU services. To join, you must meet eligibility requirements and open a Monterey CU membership savings account with at least $25.
