Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For December 30, 2022
| Product | Credit Unions (National Average Rate) | Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
Credit Unions (National Average Rate) 2.33 |
Banks (National Average Rate) 1.58 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 2.17 |
Banks (National Average Rate) 1.46 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 2.04 |
Banks (National Average Rate) 1.44 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 1.92 |
Banks (National Average Rate) 1.40 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 1.67 |
Banks (National Average Rate) 1.28 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 1.18 |
Banks (National Average Rate) 0.89 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 0.77 |
Banks (National Average Rate) 0.61 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.40 |
Banks (National Average Rate) 0.31 |
Product Interest checking account-2.5K |
Credit Unions (National Average Rate) 0.10 |
Banks (National Average Rate) 0.15 |
Product Regular savings account-2.5K |
Credit Unions (National Average Rate) 0.14 |
Banks (National Average Rate) 0.22 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 11.96 |
Banks (National Average Rate) 13.34 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.45 |
Banks (National Average Rate) 6.50 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 5.85 |
Banks (National Average Rate) 5.92 |
Product 5/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 5.51 |
Banks (National Average Rate) 5.60 |
Product 3/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 5.58 |
Banks (National Average Rate) 5.51 |
Product 1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 4.89 |
Banks (National Average Rate) 5.40 |
Product Unsecured fixed rate loan, 36 months |
Credit Unions (National Average Rate) 9.66 |
Banks (National Average Rate) 10.40 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 5.90 |
Banks (National Average Rate) 5.92 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 6.76 |
Banks (National Average Rate) 6.77 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 4.79 |
Banks (National Average Rate) 5.86 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 4.67 |
Banks (National Average Rate) 5.81 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 4.74 |
Banks (National Average Rate) 5.53 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 4.61 |
Banks (National Average Rate) 5.45 |
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 10, 2022. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (December 30, 2022).