Banks and Credit Unions with Highest 12-Month CD Rates in Monterey, CA: April 2011

If you’re in search of the best 12-month CD rates available today, you should begin by comparing the rates from local financial institutions near you. Generally, community-oriented banks and credit unions are in a better position to offer more competitive interest rates on deposit accounts.

Monterey Banking Rates makes it easy to locate the best 12-month CD rates in Monterey because we compile interest rates from financial institutions withing a 50-mile radius of the city, providing you with the most current rates information possible. Below, you’ll find a breakdown of the rates from banks and credit unions in and around Monterey that are offering 1-year CDs.

Average 1 Year CD Rates in Monterey

There are currently 5 one-year CD accounts available in the city that Monterey Banking Rates collects rates data from–the average rate among them is 0.4% APY.

Here’s how individual bank and credit unions’ rates stack up against each other:

Banks & Credit Unions with the Highest One Year CD Rates

• Central Coast Credit Union: 0.6%
• Bay Credit Union California: 0.4%
• Commonwealth Central Credit Union: 0.4%

Lowest Monterey 12-Month CD Rates

• Coast-Tel Credit Union: 0.25%
• Santa Cruz County Employees Credit Union: 0.35%
• Bay Credit Union California: 0.4%

So what can you do with this information? As a general rule, you can compare a CD rate offer against the Monterey average to gauge how competitive it is. Rates that are around the same as the average or higher are considered good for your area.

Please note these rates are accurate as of the publish date but are subject to change at any time. You can see up-to-date rates information for 6, 12 and 24 month certificates of deposit by visiting the Monterey CD Rates page.