Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For December 25, 2020
| Product | Credit Unions (National Average Rate) | Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
Credit Unions (National Average Rate) 0.85 |
Banks (National Average Rate) 0.70 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 0.75 |
Banks (National Average Rate) 0.61 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 0.66 |
Banks (National Average Rate) 0.54 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 0.56 |
Banks (National Average Rate) 0.45 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 0.42 |
Banks (National Average Rate) 0.33 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 0.29 |
Banks (National Average Rate) 0.22 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 0.19 |
Banks (National Average Rate) 0.15 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.16 |
Banks (National Average Rate) 0.11 |
Product Interest checking account-2.5K |
Credit Unions (National Average Rate) 0.08 |
Banks (National Average Rate) 0.08 |
Product Regular savings account-2.5K |
Credit Unions (National Average Rate) 0.11 |
Banks (National Average Rate) 0.10 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 11.18 |
Banks (National Average Rate) 12.50 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 3.08 |
Banks (National Average Rate) 3.16 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 2.69 |
Banks (National Average Rate) 2.78 |
Product 5/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 3.01 |
Banks (National Average Rate) 3.59 |
Product 3/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 3.07 |
Banks (National Average Rate) 3.54 |
Product 1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 2.90 |
Banks (National Average Rate) 3.30 |
Product Unsecured fixed rate loan, 36 months |
Credit Unions (National Average Rate) 9.09 |
Banks (National Average Rate) 10.24 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 4.38 |
Banks (National Average Rate) 4.87 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 3.87 |
Banks (National Average Rate) 4.17 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 3.16 |
Banks (National Average Rate) 5.16 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 3.04 |
Banks (National Average Rate) 5.10 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 3.09 |
Banks (National Average Rate) 4.81 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 2.98 |
Banks (National Average Rate) 4.70 |
Footnotes
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 January 11, 2021. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (December 25, 2020).