Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For June 24, 2022
| Product | Credit Unions (National Average Rate) | Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
Credit Unions (National Average Rate) 1.00 |
Banks (National Average Rate) 0.74 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 0.87 |
Banks (National Average Rate) 0.64 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 0.75 |
Banks (National Average Rate) 0.58 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 0.62 |
Banks (National Average Rate) 0.48 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 0.46 |
Banks (National Average Rate) 0.35 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 0.31 |
Banks (National Average Rate) 0.22 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 0.20 |
Banks (National Average Rate) 0.15 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.15 |
Banks (National Average Rate) 0.10 |
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) 0.10 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 11.32 |
Banks (National Average Rate) 12.35 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 5.44 |
Banks (National Average Rate) 5.32 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 4.69 |
Banks (National Average Rate) 4.69 |
Product 5/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 4.17 |
Banks (National Average Rate) 4.43 |
Product 3/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 4.16 |
Banks (National Average Rate) 4.37 |
Product 1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 3.51 |
Banks (National Average Rate) 4.12 |
Product Unsecured fixed rate loan, 36 months |
Credit Unions (National Average Rate) 8.84 |
Banks (National Average Rate) 9.93 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 4.48 |
Banks (National Average Rate) 5.01 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 4.24 |
Banks (National Average Rate) 4.42 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 3.06 |
Banks (National Average Rate) 5.13 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 2.94 |
Banks (National Average Rate) 5.08 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 3.01 |
Banks (National Average Rate) 4.80 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 2.90 |
Banks (National Average Rate) 4.71 |
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 July 6, 2022. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (June 24, 2022).