Monterey Savings Account Rates: Banks Versus Credit Unions
Both community banks and credit unions have garnered reputations as sources of excellent interest rates, which is great to know when you’re looking for the highest rate on your Monterey savings account. Of course, only one financial institution in the city can have the very best interest rate of all, and you probably want to know where that is. Is it the nearby bank or your community credit union? You’re about to find out.
Below is a list of the best savings account rates in Monterey, CA, split up by credit unions and banks. Did your financial institution make the list?
Monterey Banks with the Highest Savings Rates
Credit Unions in Monterey with the Best Savings Interest Rates
- Central Coast Credit Union: 0.2%
- Coast-Tel Credit Union: 0.15%
- Bay Credit Union California: 0.05%
- Commonwealth Central Credit Union: 0.05%
- Santa Cruz County Employees Credit Union: 0.05%
Please note that these rates are accurate as of 6/17/11, but are subject to change at any time.

