Whatever you're saving for, Monterey Credit Union can help your money grow. To open a Share Account, a deposit of $25 is required. This makes you an official "member" of Monterey Credit Union! Once a Main Share account has been established, you can open additional share accounts like High-Rate and Platinum Savings to help your savings grow even more.
Enjoy a better rate of return on higher balances, lower risk, greater accessibility, fewer fees, and faster growth than a traditional savings account.
MontereyCU offers insured fixed-rate, fixed-term Share Certificates. Options include terms ranging from 30 days to 2 years. Rates are generally our best available with higher yields for larger balances and/or longer terms.
MontereyCU offers three Money Market options: Money Market, Market Checking, and Market IRA. These accounts enjoy a greater rate of return than our basic savings accounts but require a higher minimum balance to open. Maintaining a minimum balance will help you to avoid monthly service charges. Visit one of our branches or call (831) 647-1000 to find out more about opening a new Money Market account today!
MontereyCU offers a comprehensive range of IRA options: Traditional, ROTH, and Educational. We also offer access to a variety of investment opportunities including mutual funds, stocks, and bonds offered through our partner Cetera Advisors Networks. Visit one of our branches, or call (831) 647-1000, to find out more about opening a new IRA account!
APY = annual percentage yield. Minimum opening deposit $100,000. Maximum $999,999.99. Funds used to open this certificate must be new to MontereyCU. "New money" means funds that have not been on deposit with MontereyCU during the last six months. Limit to one promotional share certificate per member. Offer available for limited time starting 07/31/2026 and subject to change or cancellation without notice. Early withdrawal penalties apply.
APY = annual percentage yield. Minimum opening deposit $10,000. Maximum $20,000,000. Limit to one promotional share certificate per member. Offer available for limited time starting 07/09/2026 and subject to change or cancellation without notice. Early withdrawal penalties apply.
APY = annual percentage yield. Minimum opening deposit $50,000. Maximum $999,999.99. Funds used to open this certificate must be new to MontereyCU. "New money" means funds that have not been on deposit with MontereyCU during the last six months. Limit to one promotional share certificate per member. Offer available for limited time starting 07/31/2026 and subject to change or cancellation without notice. Early withdrawal penalties apply.
APY= annual percentage yield. Redwood Savings Accounts: Minimum balance to open and earn dividends: $250,000. 1.77% APY on balances $250,000-$499,999.99; 1.98% APY on balances $500,000-$749,999.99; 3.04% APY on balances $750,000-$999,999.99; 3.30% APY on balances $1,000,000 and up. Rates are variable and can change after account opening. Fees may reduce earnings. Rates available as of 08/13/2026; subject to change without notice.
