Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For March 31, 2023
| Product | Credit Unions (National Average Rate) | Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
Credit Unions (National Average Rate) 2.66 |
Banks (National Average Rate) 1.83 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 2.53 |
Banks (National Average Rate) 1.71 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 2.44 |
Banks (National Average Rate) 1.73 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 2.41 |
Banks (National Average Rate) 1.75 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 2.28 |
Banks (National Average Rate) 1.74 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 1.69 |
Banks (National Average Rate) 1.27 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 1.11 |
Banks (National Average Rate) 0.88 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.53 |
Banks (National Average Rate) 0.43 |
Product Interest checking account-2.5K |
Credit Unions (National Average Rate) 0.11 |
Banks (National Average Rate) 0.18 |
Product Regular savings account-2.5K |
Credit Unions (National Average Rate) 0.16 |
Banks (National Average Rate) 0.28 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 12.27 |
Banks (National Average Rate) 13.96 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.57 |
Banks (National Average Rate) 6.61 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 5.99 |
Banks (National Average Rate) 6.07 |
Product 5/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 5.68 |
Banks (National Average Rate) 5.85 |
Product 3/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 5.74 |
Banks (National Average Rate) 5.72 |
Product 1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 5.17 |
Banks (National Average Rate) 5.70 |
Product Unsecured fixed rate loan, 36 months |
Credit Unions (National Average Rate) 10.02 |
Banks (National Average Rate) 10.75 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 6.27 |
Banks (National Average Rate) 6.23 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 7.58 |
Banks (National Average Rate) 7.63 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 5.43 |
Banks (National Average Rate) 6.37 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 5.30 |
Banks (National Average Rate) 6.32 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 5.38 |
Banks (National Average Rate) 6.06 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 5.25 |
Banks (National Average Rate) 5.98 |
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 April 10, 2023. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (March 31, 2023).