Comparison of Historical Rates: Credit Unions, Savings Banks, and Other Banks
(Comparison of average credit union, savings bank, and other bank rates at year-end)
Data compiled by Datatrac, Inc.
Contact: Ken Wanek at 1-800-257-7101
36 month Used Auto Loan, 2 Year-Old Auto
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
4.94 |
4.95 |
5.62 |
| Savings Banks |
7.05 |
6.96 |
7.49 |
| Other Banks |
7.78 |
7.09 |
7.78 |
48 month Used Auto Loan, 2 Year-Old Auto
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
5.05 |
5.07 |
5.72 |
| Savings Banks |
7.05 |
6.92 |
7.51 |
| Other Banks |
7.21 |
7.14 |
7.81 |
48 Month New Auto Loan
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
4.72 |
4.76 |
5.44 |
| Savings Banks |
6.52 |
6.37 |
6.93 |
| Other Banks |
6.49 |
6.43 |
7.12 |
60-month New Auto Loan
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
4.84 |
4.88 |
5.57 |
| Savings Banks |
6.61 |
6.44 |
7.04 |
| Other Banks |
6.56 |
6.51 |
7.21 |
36 Month Unsecured Loan, Fixed Rate
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
11.10 |
10.82 |
10.97 |
| Savings Banks |
12.27 |
12.37 |
12.41 |
| Other Banks |
12.02 |
12.04 |
12.50 |
1 Year Adjustable Rate Mortgage
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
3.72 |
4.06 |
4.92 |
| Savings Banks |
4.00 |
4.23 |
5.30 |
| Other Banks |
4.04 |
4.49 |
5.68 |
15 Year Fixed Rate Mortgage
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
5.31 |
5.32 |
5.98 |
| Savings Banks |
5.23 |
5.24 |
5.92 |
| Other Banks |
5.32 |
5.25 |
5.98 |
3 Year Adjustable Rate Mortgage
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
4.34 |
4.59 |
5.55 |
| Savings Banks |
4.40 |
4.70 |
5.66 |
| Other Banks |
4.46 |
4.88 |
5.95 |
30 Year Fixed Rate Mortgage
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
5.92 |
5.82 |
6.38 |
| Savings Banks |
5.93 |
5.81 |
6.39 |
| Other Banks |
5.95 |
5.79 |
6.39 |
5 Year Adjustable Rate Mortgage
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
4.96 |
5.06 |
5.82 |
| Savings Banks |
4.97 |
5.07 |
5.83 |
| Other Banks |
5.04 |
5.19 |
6.09 |
Credit Card (Classic)
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
12.18 |
11.97 |
12.06 |
| Savings Banks |
11.92 |
11.60 |
13.27 |
| Other Banks |
12.33 |
12.39 |
14.13 |
Credit Card (Gold)
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
10.40 |
10.25 |
10.26 |
| Savings Banks |
10.75 |
10.51 |
10.86 |
| Other Banks |
10.49 |
10.83 |
11.13 |
3 Month Certificate of Deposit (Share Certificate), $10,000 Minimum
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
1.13 |
1.48 |
2.59 |
| Savings Banks |
0.94 |
1.34 |
2.31 |
| Other Banks |
0.87 |
1.29 |
2.29 |
6 Month Certificate of Deposit (Share Certificate), $10,000 Minimum
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
1.35 |
1.79 |
3.13 |
| Savings Banks |
1.11 |
1.65 |
2.88 |
| Other Banks |
1.04 |
1.63 |
2.83 |
1 Year Certificate of Deposit (Share Certificate), $10,000 Minimum
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
1.62 |
2.22 |
3.62 |
| Savings Banks |
1.35 |
2.05 |
3.37 |
| Other Banks |
1.27 |
2.03 |
3.34 |
2 Year Certificate of Deposit (Share Certificate), $10,000 Minimum
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
2.11 |
2.79 |
3.93 |
| Savings Banks |
1.88 |
2.63 |
3.64 |
| Other Banks |
1.80 |
2.55 |
3.59 |
3 Year Certificate of Deposit (Share Certificate), $10,000 Minimum
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
2.60 |
3.28 |
4.14 |
| Savings Banks |
2.42 |
3.04 |
3.83 |
| Other Banks |
2.30 |
2.97 |
3.79 |
4 Year Certificate of Deposit (Share Certificate), $10,000 Minimum
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
2.98 |
3.66 |
4.33 |
| Savings Banks |
2.74 |
3.32 |
3.94 |
| Other Banks |
2.64 |
3.27 |
3.91 |
5 Year Certificate of Deposit (Share Certificate), $10,000 Minimum
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
3.43 |
4.07 |
4.58 |
| Savings Banks |
3.22 |
3.73 |
4.20 |
| Other Banks |
3.08 |
3.61 |
4.13 |
Interest Checking Account (Dividend Checking)
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
0.48 |
0.48 |
0.51 |
| Savings Banks |
0.44 |
0.42 |
0.49 |
| Other Banks |
0.32 |
0.34 |
0.45 |
Money Market Account
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
0.97 |
1.01 |
1.44 |
| Savings Banks |
0.65 |
0.70 |
0.99 |
| Other Banks |
0.51 |
0.57 |
0.85 |
Regular Savings Account, $10,000 minimum
| Type of Institution |
Rates at Year-end 2003 |
Rates at Year-end 2004 |
Rates at Year-end 2005 |
| Credit Unions |
0.56 |
0.55 |
0.67 |
| Savings Banks |
0.60 |
0.60 |
0.67 |
| Other Banks |
0.49 |
0.36 |
0.49 |
