Credit Union and Bank Rates 2018 Q3

Comparison of Average Savings, Deposits and Loan Rates at Credit Unions (CUs) and Banks
For September 28, 2018

Product	All CUs (National Average Rate)	All Banks (National Average Rate)	27 Banks Converted from CUs (Average Rate)
Product 5 Year CD-10K	All CUs (National Average Rate) 2.15	All Banks (National Average Rate) 1.75	27 Banks Converted from CUs (Average Rate) 2.19
Product 4 Year CD-10K	All CUs (National Average Rate) 1.86	All Banks (National Average Rate) 1.48	27 Banks Converted from CUs (Average Rate) 1.60
Product 3 Year CD-10K	All CUs (National Average Rate) 1.65	All Banks (National Average Rate) 1.34	27 Banks Converted from CUs (Average Rate) 1.47
Product 2 Year CD-10K	All CUs (National Average Rate) 1.43	All Banks (National Average Rate) 1.16	27 Banks Converted from CUs (Average Rate) 1.84
Product 1 Year CD-10K	All CUs (National Average Rate) 1.10	All Banks (National Average Rate) 0.87	27 Banks Converted from CUs (Average Rate) 0.95
Product 6 Month CD-10K	All CUs (National Average Rate) 0.70	All Banks (National Average Rate) 0.52	27 Banks Converted from CUs (Average Rate) 0.52
Product 3 Month CD-10K	All CUs (National Average Rate) 0.44	All Banks (National Average Rate) 0.33	27 Banks Converted from CUs (Average Rate) 0.27
Product Money market account-2.5K	All CUs (National Average Rate) 0.28	All Banks (National Average Rate) 0.20	27 Banks Converted from CUs (Average Rate) 0.21
Product Interest checking account-5K	All CUs (National Average Rate) 0.11	All Banks (National Average Rate) 0.12	27 Banks Converted from CUs (Average Rate) 0.17
Product Regular savings account-1K	All CUs (National Average Rate) 0.16	All Banks (National Average Rate) 0.16	27 Banks Converted from CUs (Average Rate) 0.20
Product Credit card, Classic	All CUs (National Average Rate) 11.76	All Banks (National Average Rate) 13.36	27 Banks Converted from CUs (Average Rate) 11.99
Product 30 Year fixed-rate mortgage	All CUs (National Average Rate) 4.76	All Banks (National Average Rate) 4.67	27 Banks Converted from CUs (Average Rate) 4.62
Product 15 Year fixed-rate mortgage	All CUs (National Average Rate) 4.24	All Banks (National Average Rate) 4.21	27 Banks Converted from CUs (Average Rate) 4.14
Product 5/1 Year adjustable rate mortgage	All CUs (National Average Rate) 4.03	All Banks (National Average Rate) 4.11	27 Banks Converted from CUs (Average Rate) 3.84
Product 3/1 Year adjustable rate mortgage	All CUs (National Average Rate) 3.88	All Banks (National Average Rate) 4.02	27 Banks Converted from CUs (Average Rate) 4.07
Product 1 Year adjustable rate mortgage	All CUs (National Average Rate) 3.58	All Banks (National Average Rate) 4.00	27 Banks Converted from CUs (Average Rate) N/A
Product Unsecured fixed rate loan, 36 months	All CUs (National Average Rate) 9.33	All Banks (National Average Rate) 10.09	27 Banks Converted from CUs (Average Rate) 10.78
Product Home equity loan, 5 year, 80%	All CUs (National Average Rate) 4.78	All Banks (National Average Rate) 5.24	27 Banks Converted from CUs (Average Rate) 4.57
Product Home equity loan, LOC, 80%	All CUs (National Average Rate) 5.10	All Banks (National Average Rate) 5.37	27 Banks Converted from CUs (Average Rate) 5.79
Product Used car loan, 48 months	All CUs (National Average Rate) 3.44	All Banks (National Average Rate) 5.31	27 Banks Converted from CUs (Average Rate) 5.06
Product Used car loan, 36 months	All CUs (National Average Rate) 3.31	All Banks (National Average Rate) 5.25	27 Banks Converted from CUs (Average Rate) 5.00
Product New car loan, 60 months	All CUs (National Average Rate) 3.37	All Banks (National Average Rate) 4.93	27 Banks Converted from CUs (Average Rate) 4.36
Product New car loan, 48 months	All CUs (National Average Rate) 3.24	All Banks (National Average Rate) 4.82	27 Banks Converted from CUs (Average Rate) 4.53

Notes:

1. Data extracted by NCUA from S&P Global Market Intelligence databases ( This is an external link to a website belonging to another federal agency, private organization, or commercial entity. https://www.spglobal.com/marketintelligence (Opens new window) ) on October 16, 2018. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (September 28, 2018).

2. There are currently 27 banks that have converted from a credit union, had a credit union merge into them, or acquired a bank that had converted from or merged with a credit union. The names of those banks, with the original credit union name in parenthesis, are: 1st Security Bank (Washington CU), Affiliated Bank (Affiliated FCU), Allied First Bank (Allied Pilots Association FCU), Atlantic Coast Bank (Atlantic Coast FCU), Bank @tlantec (@tlantic Financial FCU), Bank of North Carolina (Sacred Heart of Charleston CU and Roper Employees FCU), Berkshire Bank (Beacon FCU and other CUs), Conestoga Bank (IGA FCU), Citizens Community Federal (Community Schools CU), Coastway Community Bank (Coastway CU), HarborOne Bank (HarborOne CU), Haverhill Bank (Northeast Community CU), Heritage Bank of the South (AGE FCU), Lusitania Savings Bank (Lusitania FCU), Nationwide Bank (Nationwide FCU), New York Community Bank (Synergy FCU), First Place Bank (Ohio Central FCU), OmniAmerican Bank (Omni American CU), Bank of California (Pacific Trust FCU), Umqua Bank (Rainier Pacific FCU), Share Plus Federal Bank (Share Plus FCU), Simplicity Bank (Kaiser Permanente FCU), Sound Community Bank (CU of the Pacific), Sunshine Savings Bank (Sunshine State CU), Susquehanna Bank (BUCS FCU), Think Mutual (Think FCU), and Viewpoint Bank (Community CU).

Credit Union and Bank Rates 2018 Q3

Footnotes