Better rates for your best interests

We offer competitive rates for loans and savings to help your money work for you. 

Rates effective 6/24/24

Savings & Certificate Rates

Earn up to 5.00%APY* on an 11-month certificate with Active Checking.
Product Minimum Balance to Open Dividend Rate Annual Percentage Yield (APY)
Regular (Share) Savings 1 $1 (share pledge) / $0 (secondary savings)0.050%0.05%
Youth Savings$00.050%0.05%
Holiday Savings$250.050%0.05%
IRA Savings$00.100%0.10%
Health Savings Account (HSA)†$1000.250%0.25%
1. To become a member of Monterra Credit Union, a minimum opening deposit of $1.00 is required to be held as your membership share pledge in a Regular or a Business (Share) Savings Account. This membership share pledge allows you or your Business to apply for any additional products and services. All applications for membership, share accounts, loans, and other services are subject to review and approval. There is no minimum balance requirement to open a secondary Regular or Business (Share) Savings account within the established initial membership Regular or Business (Share) Savings account.

Digital Savings

Minimum Balance to Open: $0.00

Average Daily Balance Dividend Rate Annual Percentage Yield (APY)
$0.01 - $4,999.993.928%4.00%
$5,000.00 - $9,999.992.960%3.00%
$10,000.00 - $19,999.991.490%1.50%
$20,000.00 and above0.499%0.50%
Deposit rates and annual percentage yields (APY) are effective 6/24/2024 unless otherwise noted and subject to change at any time. Unless otherwise noted, dividend-bearing accounts have variable rates subject to change at any time after the account is opened.  When a Certificate is opened, the rate is fixed for the stated term.  Dividends are compounded and credited monthly.  Membership eligibility requirements apply.  Fees may reduce earnings.  Early withdrawal penalty applies to Certificates.  Early IRA withdrawals may be subject to tax penalty.  †A $100 minimum balance is needed in an HSA to open the account and to earn interest. Consult your tax or financial advisor for IRA and HSA information.  Pre-authorized withdrawal transaction limits apply to savings and money market accounts. Please refer to the Membership and Account Agreement Truth-in-Savings Disclosure and the Fee Schedule for other account terms and conditions.
Loan rates and annual percentage rates (APR) are effective 6/24/2024 unless otherwise noted and subject to change at any time. All loans and credit cards are subject to credit approval and income and employment verification. Membership eligibility requirements apply. Total unsecured debt cannot exceed $35,000.00 maximum aggregate limit. Total secured debt and total secured and unsecured aggregate debt cannot exceed $3,500,000.00.
Call (650) 363-1725 or visit any branch for additional information on rates, fees, terms, and conditions. 

Minimum Balance to Open: $1,000.00

Share Certificate Term Standard Rate Standard APY* Rate with Active Checking† APY* with Active Checking†
60 Months2.960%3.00%3.203%3.25%
48 Months2.960%3.00%3.203%3.25%
36 Months2.960%3.00%3.203%3.25%
30 Months¹3.687%3.75%3.9285%4.00%
24 Months2.472%2.50%2.716%2.75%
20 Months¹4.410%4.50%4.650%4.75%
18 Months2.227%2.25%2.472%2.50%
12 Months1.982%2.00%2.227%2.25%
11 Months¹4.650%4.75%4.889%5.00%
6 Months0.995%1.00%1.243%1.25%
3 Months0.499%0.50%0.747%0.75%

Individual Retirement Account (IRA) Certificates: 

Minimum Balance to Open Traditional and Roth IRAs: $1,000.00
Minimum Balance to Open Educational Savings Accounts (ESA): $500.00

Regular Certificate Term Standard Rate Standard APY* Rate with Active Checking† APY* with Active Checking†
60 Months2.472%2.50%2.618%2.75%
48 Months2.374%2.40%2.618%2.65%
36 Months2.667%2.70%2.911%2.95%
30 Months¹3.687%3.75%3.9285%4.00%
24 Months2.472%2.50%2.716%2.75%
20 Months¹4.410%4.50%4.650%4.75%
18 Months2.227%2.25%2.472%2.50%
12 Months1.982%2.00%2.227%2.25%
11 Months¹4.650%4.75%4.889%5.00%

Special Certificates:

Product Term Minimum Balance to Open Standard Rate Standard APY* Rate with Active Checking† APY* with Active Checking†
Flex Certificate²12 Months$1,000.003.928%4.00%not applicablenot applicable
Youth Certificate³12 Months$250.001.982%2.00%2.227%2.25%
Add-On IRA Certificate⁴24 Months$2,000.002.472%2.50%2.716%2.75%
Registry Certificate Account⁵15 Months$100.000.20%0.20%0.449%0.45%
* APY = Annual Percentage Yield. Certificate Yields assume dividends remain in account until maturity; penalty imposed for early withdrawal. Fees may reduce earnings.
1. Rates only eligible to specific certificate types (standard, IRA, Roth) created on 6/24/2024.
2. Additional deposits and limited withdrawals allowed. Certificate must maintain the initial minimum opening and minimum balance requirement of $1,000 during the term of the certificate account. A certificate bump rate or increase is not applicable to this certificate type.
3. Additional deposits of $50.00 or more allowed.
4. Additional deposits of $500.00 or more allowed during initial term only.
5. Additional deposits of $15.00 or more allowed.
† Offer details current as of 11/08/2023 for an eligible Share Certificate (certificate) account that has an open or auto-renewal (rollover) date on or after 11/08/2023. The advertised certificate dividend rate increase can be earned for members who have an “Active Checking” account. Active Checking account is defined as a checking account that has at least one (1) direct deposit or ACH deposit (excluding telephone, teller or dividend posting transactions) during the monthly Statement Cycle (statement cycle period is 12:00 am on the first day of each month and ends at 11:59 pm on the last day of each month). For a Statement Cycle during which the Active Checking account deposit requirement is not met, the certificate will earn the base rate that was set at the account opening or rollover date. The certificate dividend rate increase is earned on a month-by-month basis and disclosed as the Annual Percentage Yield Earned (APYE). The APYE, on a monthly basis, calculates both the certificate base rate and the certificate dividend rate increase as earned. Both the certificate and the checking account must be held by the primary account owner to be eligible for the certificate dividend rate increase. The checking account must be open and in Good Standing, as defined in the Monterra Account Agreement, to earn the certificate dividend rate increase for each month. This offer cannot be combined with any other certificate rate increase offer and not all certificates may be eligible. Offer is subject to change or removal at any time without notice. Penalties may be imposed for early withdrawal and fees may reduce earnings. Please ask an Monterra representative for complete offer details, conditions, and restrictions.

Minimum Balance to Open: $2,500.00

Average Daily Balance Dividend Rate Annual Percentage Yield (APY)
$250,000.00 and above1.982%2.00%
$150,000 - $249,999.991.982%2.00%
$100,000.00 - $149,999.991.490%1.50%
$50,000.00-$99,999.990.995%1.00%
$0.01 - $49,999.990.499%0.50%

Checking Rates

Here’s a nice chunk of change. Open a new Premium Checking account and earn up to $150*.
Product Minimum Balance to Open Dividend Rate Annual Percentage Yield (APY)
Premium Checking when requirements are met*$20.003.445%3.50%
Premium Checking when requirements are not met*$20.000.00%0.00%
Free Checking$20.000.00%0.00%
Student Checking (Ages 13-17)$20.000.00%0.00%
* APY = Annual Percentage Yield as of 02/01/2024 subject to change. 3.00% APY paid on  average daily balances  if three monthly (statement cycle) requirements are met, as follows: (1) 10 or more debit card purchases or debit card payments are posted (ACH/bill pay payments and ATM transactions are not counted toward the monthly requirement), (2) one direct deposit, payroll deposit, or external ACH transfer is received, (3) eStatements are selected. All requirements must be applied to the Premium Checking account. If the monthly (statement cycle) requirements are not met in their entirety, the APY paid will be 0% for that statement cycle. Limit one (1) Premium Checking account per membership.

Business Savings & Checking Rates

Get more with rates as high as 4.75%APY* on a Business Certificate.
Product Minimum Balance to Open Dividend Rate Annual Percentage Yield (APY)
Business Savings 1 $1 (share pledge)/ $0 (secondary savings)0.050%0.05%
Basic Business Checking$1000.000%0.000%
Business Checking$1000.000%0.00%
Nonprofit Business Checking$1000.000%0.00%
1. To become a member of Monterra Credit Union, a minimum opening deposit of $1.00 is required to be held as your membership share pledge in a Regular or a Business (Share) Savings Account. This membership share pledge allows you or your Business to apply for any additional products and services. All applications for membership, share accounts, loans, and other services are subject to review and approval. There is no minimum balance requirement to open a secondary Regular or Business (Share) Savings account within the established initial membership Regular or Business (Share) Savings account.
Share Certificate*/Certificate Term Minimum Balance to Open Dividend Rate Annual Percentage Yield (APY)
60 Months Business Share Certificate$1,000.00 2.960%3.00%
48 Months Business Share Certificate$1,000.00 2.960%3.00%
36 Months Business Share Certificate$1,000.00 2.960%3.00%
30 Months Business Share Certificate$1,000.00 3.687%3.75%
24 Months Business Share Certificate$1,000.00 2.472%2.50%
20 Months Business Share Certificate$1,000.00 4.410%4.50%
18 Months Business Share Certificate$1,000.00 2.227%2.25%
12 Months Business Share Certificate$1,000.00 1.982%2.00%
12 months Business Flex Certificate**$1,000.00 3.928%4.00%
11 Months Business Share Certificate$1,000.00 4.650%4.75%
6 Months Business Share Certificate$1,000.00 0.995%1.00%
3 Months Business Share Certificate$1,000.00 0.449%0.50%
*Certificate Yields assume dividends remain in account until maturity; penalty imposed for early withdrawal. Fees may reduce earnings.  Certificate bump rate or increase is not applicable to business certificate account types. Offer is subject to change without notice. Conditions and restrictions apply.
**Additional deposits and limited withdrawals allowed. Certificate must maintain the initial minimum opening and minimum balance requirement of $1,000 during the term
Money Market/Average Daily Balance Minimum Balance to Open Dividend Rate Annual Percentage Yield (APY)
$250,000.00 and above$2,500.00 1.98%2.00%
$150,000 - $249,999.99$2,500.00 1.98%2.00%
$100,000.00 - $149,999.99$2,500.00 1.49%1.50%
$50,000.00-$99,999.99$2,500.00 1.00%1.00%
$0.01 - $49,999.99$2,500.00 0.50%0.50%
Deposit rates and annual percentage yields (APY) are effective 6/24/24 unless otherwise noted and subject to change at any time. Unless otherwise noted, dividend-bearing accounts have variable rates subject to change at any time after the account is opened. Dividends are compounded and credited monthly.When a certificate is opened, the rate is fixed for the stated term. Fees may reduce earnings. Early withdrawal penalty applies to certificates. Pre-authorized withdrawal transaction limits apply to savings and money market accounts. Please refer to the Business Membership and Account Agreement and the Business Fee Schedule for other account terms and conditions.

Mortgage & Home Equity Rates

Turn your dream of home owndership into a reality. Receive a 0.125%* discount off an adjustable-rate mortgage on a new home purchase.

Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to rate or to lend. All loans are subject to credit and property approval. The following rates are effective 2/1/2024.

LIMITED TIME OFFER: Receive 0.125% off an ARM for a new home purchase.

Conforming Home Loan Rates ($50,000 to $766,550)

Effective Date: June 17, 2024
Product Rate APR*
15 Year Fixed Rate6.500%6.829%
20 Year Fixed Rate6.375%6.662%
30 Year Fixed Rate6.875%7.129%
5/5 Adjustable Rate6.500%6.749%

High Balance Home Loan Rates ($766,551 to $1,149,825)

Effective Date: June 24, 2024
Product Rate APR*
15 Year Fixed Rate6.875%7.209%
30 Year Fixed Rate7.125%7.382%
5/5 Adjustable Rate6.625%6.876%
7/1 Adjustable Rate6.750%7.002%
10/1 Adjustable Rate6.875%7.129%

Jumbo Home Loan Rates ($1,149,826 to $3,500,000)

Effective Date: June 24, 2024
Product Rate APR
15 Year Fixed Rate7.125%7.462%
30 Year Fixed Rate7.250%7.508%
5/5 Adjustable Rate6.625%6.876%
7/1 Adjustable Rate6.750%7.002%
10/1 Adjustable Rate6.875%7.129%

Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to rate or to lend. All loans are subject to credit and property approval. 

Rates are effective 6/24/24. Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to rate or to lend. All loans are subject to credit and property approval. 
*APR means Annual Percentage Rate. Advertised rates are stated for term including applicable points and customary closing costs at a 30 day lock.
Conforming rates are based on a $766,550 loan, High Balance rates based on a $766,551 loan and Jumbo rates are based on a $1,149,826 loan.
All rates are based on the following:
Owner occupied, California, single family home, no cash-out with 740 credit score and 60% loan-to-value. Additional pricing may apply if the loan amount requested is outside these criteria. All loans subject to credit, income, debt and property qualification. All applicants subject to credit union membership eligibility; membership is required.
Adjustable Rate Mortgage (ARM) Rates: The APR for the ARM loans are based on the United States Treasury securities adjusted to a constant maturity (CMT) of 1 year for the following loan products (if available): 3/1, 7/1 and 10/1 ARMS or the 5 year CMT for the 5/5 ARM product as made available by the Federal Reserve Board. 5/1 and 5/5 ARM products offer 2% Initial and Annual Maximum Adjustment. Maximum APR during the life of the loan will not exceed the APR in effect at the time of funding by more than 5% over the initial start rate. The 7/1 and 10/1 ARM products offers 5% Initial and 2% Annual Maximum Adjustment. Floor rate will not drop below the margin. 
†Discount of 0.125% applies to Adjustable-Rate Mortgage (ARM) products for a new home purchase and is good through 07/31/24. Offer is valid on first mortgages only. ARM interest rates are subject to change. ARM rates are based on the United States Treasury securities and are adjusted to a constant maturity (CMT) of 5-year or 1-year as made available by the Federal Reserve Board. All mortgage loans through Monterra Credit Union are for homes in California only. Maximum loan amount varies based on product type and property location. Conditions and restrictions apply.

Published rate may be adjusted based on other factors, including but not limited to, when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, debt to income ratio, and loan to value.

Home Equity Line of Credit

Effective Date: June 24, 2024
Rate As Low As APR* As Low As
8.750%8.750%

LIMITED TIME OFFER: Special low-rate of 6.99% APR for 6 months.

 

Home Equity Loans

Effective Date: June 24, 2024
Term Rates As Low As APR* As Low As
5 Years7.250%7.250%
10 Years7.250%7.250%
15 Years7.875%7.875%
30 Due in 15 Years7.000%7.000%
APR= Annual Percentage Rate. The special rate of 6.99% APR is only for 6 months on a new Home Equity Line of Credit (HELOC) or on a new draw from an existing HELOC. Not all existing HELOCs with an available draw are eligible for this special rate offer. After 6 months, the rate reverts to the APR indicated on your loan agreement. Offer expires September 30, 2024. Monterra approves, closes and funds in an average of 15 days for loan amounts up to $250,000 that do not require an appraisal. There is no guarantee your loan will fund in the time stated due to circumstances outside of Monterra’s control.

Credit Card Rates

Our cards can turn everyday purchases into extraordinary experiences. Find the credit card that fits you best.

Monterra credit cards carry a variable rate and your specific rate within the rate ranges displayed below depends on your credit score.

Credit Card Credit Line Variable APR¹ Range Intro APR² As Low As
Visa® Signature$5,000 - $35,00015.99% - 17.99%N/A
Visa® Platinum Rewards$500 - $25,00014.99% - 18.00%2.99%
Visa® Platinum$500 - $25,00013.99% - 18.00%1.99%
Business Rewards Visa®$500 - $50,00015.49% - 18.00%1.99%
Student Visa®$100 - $2,00014.99% - 18.00%2.99%
Visa® Secured³$100 - $20,00014.99% - 18.00%N/A
1. APR = Annual Percentage Rate.
2. APR = Annual Percentage Rate. Introductory rates vary based on credit qualifications and are not available for all credit tiers. Introductory APR only applies to purchases and will not apply to balance transfers or cash advances.
3. The Visa Secured card requires 110% of your credit limit to be held in a savings account as collateral.

Personal Loan Rates

Our Personal Loan can help with unexpected expenses, consolidating debt, or purchasing something special.
Product Term Available APR* As Low As
Personal LoanUp to 60 Months$100.00 - $35,000.009.99%
Tuition LoanUp to 60 Months$500.00 - $25,000.006.99%
* APR = Annual Percentage Rate.

Auto & Recreational Loan Rates

Finance an electric or hybrid vehicle before 12/31/24 and receive an additional 0.50%** discount off your rate.

Rates shown are the "as low as" rate and are subject to qualification. Terms are available up to 84 months. The following rates apply to new and used auto loans for vehicles that are 2016 or newer, have a maximum of 100,000 miles, and do not exceed 130% of the Kelly Blue Book MSRP (manufacturer's suggested retail price). For a rate and options outside of the following parameters, please call (650) 363 - 1725 and select option 2.

LIMITED TIME: Finance an electric or hybrid vehicle before 12/31/24 and you can get an additional 0.50%** discount off your rate.

Term Minimum Amount APR* As Low As
Up to 36 MonthsN/A4.99%
37 - 60 Months$10,0006.49%
61 - 72 Months$15,0006.99%
73 - 84 Months$25,0007.49%
* APR = Annual Percentage Rate. Advertised rates are “floor rates” and previously-listed discounts cannot cause the rate to go any lower than the advertised rate.
Financing available on used vehicles (including fleet returned vehicles), excluding salvaged, lemon-law buybacks, branded titles, and vehicles with structural/frame damage.
** The 0.50% rate discount for the financing of an electric or hybrid vehicle is available on terms 37 months or more and is valid through December 31, 2024.

Rates shown are the "as low as" rate and are subject to qualification. Terms are available up to 84 months. The following rates apply to new and used boat, recreational vehicle, and travel trailer loans that are 2016 or newer, have a maximum of 100,000 miles, and do not exceed 125% of the Kelly Blue Blook MSRP (manufacturer's suggested retail price). For a rate and options outside of the following parameters, please call (650) 363-1725 and select option 2.

Term APR* As Low As
Up to 84 Months8.24%
* APR = Annual Percentage Rate.

Rates shown are the "as low as" rate and are subject to qualification. Terms are available up to 84 months. The following rates apply to new and used motorcycle loans that are 2016 or newer, have a maximum of 100,000 miles, and do not exceed 125% of the Kelly Blue Book MSRP (manufacturer's suggested retail price). For a rate and options outside of the following parameters, please call (650) 363-1725 (choose option 2).

Term APR* As Low As
Up to 60 Months6.99%
* APR = Annual Percentage Rate.
Deposit rates and annual percentage yields (APY) are effective 6/24/24 unless otherwise noted and subject to change at any time. Unless otherwise noted, dividend-bearing accounts have variable rates subject to change at any time after the account is opened. When a Certificate is opened, the rate is fixed for the stated term. Dividends when credited monthly are compounded. Membership eligibility requirements apply. Fees may reduce earnings. Early withdrawal penalty applies to Certificates. Early IRA withdrawals may be subject to tax penalty. Consult your tax or financial advisor for IRA and HSA information. Pre-authorized withdrawal transaction limits apply to savings and money market accounts. Please refer to the Membership and Account Agreement Truth-in-Savings and our Fee Schedule for other account terms and conditions. Conditions and restrictions apply.

Loan rates and annual percentage rates (APR) are effective 6/24/24 unless otherwise noted and subject to change at any time. All loans and credit cards are subject to credit approval and income and employment verification. The maximum aggregate unsecured debt cannot exceed $50,000 per member. The maximum loan limit for secured loan is $200,000 per member. The maximum loan limit for a real estate loan cannot exceed $3,500,000. Rate as advertised do not include business loan types (except for Business Rewards credit card). Speak to a Business Representative for more information. Conditions and restrictions apply.

Online Banking

Online Banking is the branch that's always open.