Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For December 31, 2021
| Product | Credit Unions (National Average Rate) | Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
Credit Unions (National Average Rate) 0.74 |
Banks (National Average Rate) 0.58 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 0.63 |
Banks (National Average Rate) 0.50 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 0.54 |
Banks (National Average Rate) 0.43 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 0.44 |
Banks (National Average Rate) 0.35 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 0.33 |
Banks (National Average Rate) 0.25 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 0.23 |
Banks (National Average Rate) 0.16 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 0.15 |
Banks (National Average Rate) 0.11 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.13 |
Banks (National Average Rate) 0.09 |
Product Interest checking account-2.5K |
Credit Unions (National Average Rate) 0.07 |
Banks (National Average Rate) 0.07 |
Product Regular savings account-2.5K |
Credit Unions (National Average Rate) 0.09 |
Banks (National Average Rate) 0.09 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 11.21 |
Banks (National Average Rate) 12.18 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 3.18 |
Banks (National Average Rate) 3.20 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 2.61 |
Banks (National Average Rate) 2.67 |
Product 5/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 2.89 |
Banks (National Average Rate) 3.54 |
Product 3/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 2.96 |
Banks (National Average Rate) 3.51 |
Product 1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 2.79 |
Banks (National Average Rate) 3.43 |
Product Unsecured fixed rate loan, 36 months |
Credit Unions (National Average Rate) 8.83 |
Banks (National Average Rate) 9.86 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 4.15 |
Banks (National Average Rate) 4.70 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 3.80 |
Banks (National Average Rate) 4.06 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 2.85 |
Banks (National Average Rate) 5.06 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 2.73 |
Banks (National Average Rate) 5.01 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 2.79 |
Banks (National Average Rate) 4.71 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 2.68 |
Banks (National Average Rate) 4.62 |
Footnotes
Notes:
- 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 18, 2022. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (December 31, 2021).