Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For September 30, 2022
| Product | Credit Unions (National Average Rate) | Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
Credit Unions (National Average Rate) 1.61 |
Banks (National Average Rate) 1.12 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 1.46 |
Banks (National Average Rate) 1.00 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 1.32 |
Banks (National Average Rate) 0.95 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 1.16 |
Banks (National Average Rate) 0.87 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 0.91 |
Banks (National Average Rate) 0.71 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 0.62 |
Banks (National Average Rate) 0.46 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 0.40 |
Banks (National Average Rate) 0.31 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.24 |
Banks (National Average Rate) 0.18 |
Product Interest checking account-2.5K |
Credit Unions (National Average Rate) 0.08 |
Banks (National Average Rate) 0.10 |
Product Regular savings account-2.5K |
Credit Unions (National Average Rate) 0.11 |
Banks (National Average Rate) 0.15 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 11.64 |
Banks (National Average Rate) 13.05 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.07 |
Banks (National Average Rate) 5.99 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 5.37 |
Banks (National Average Rate) 5.35 |
Product 5/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 4.85 |
Banks (National Average Rate) 5.05 |
Product 3/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 4.83 |
Banks (National Average Rate) 4.92 |
Product 1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 4.18 |
Banks (National Average Rate) 4.84 |
Product Unsecured fixed rate loan, 36 months |
Credit Unions (National Average Rate) 9.15 |
Banks (National Average Rate) 10.16 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 5.04 |
Banks (National Average Rate) 5.42 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 5.43 |
Banks (National Average Rate) 5.56 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 3.77 |
Banks (National Average Rate) 5.49 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 3.64 |
Banks (National Average Rate) 5.44 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 3.72 |
Banks (National Average Rate) 5.15 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 3.60 |
Banks (National Average Rate) 5.07 |
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 October 14, 2022. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (September 30, 2022).