Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For June 30, 2023
| Product | Credit Unions (National Average Rate) | Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
Credit Unions (National Average Rate) 2.78 |
Banks (National Average Rate) 1.91 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 2.69 |
Banks (National Average Rate) 1.80 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 2.62 |
Banks (National Average Rate) 1.83 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 2.66 |
Banks (National Average Rate) 1.88 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 2.66 |
Banks (National Average Rate) 1.96 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 2.09 |
Banks (National Average Rate) 1.57 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 1.34 |
Banks (National Average Rate) 1.06 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.61 |
Banks (National Average Rate) 0.50 |
Product Interest checking account-2.5K |
Credit Unions (National Average Rate) 0.12 |
Banks (National Average Rate) 0.20 |
Product Regular savings account-2.5K |
Credit Unions (National Average Rate) 0.18 |
Banks (National Average Rate) 0.31 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 12.48 |
Banks (National Average Rate) 14.50 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.72 |
Banks (National Average Rate) 6.76 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.23 |
Banks (National Average Rate) 6.27 |
Product 5/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 5.95 |
Banks (National Average Rate) 6.15 |
Product 3/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 5.96 |
Banks (National Average Rate) 5.99 |
Product 1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 5.48 |
Banks (National Average Rate) 6.00 |
Product Unsecured fixed rate loan, 36 months |
Credit Unions (National Average Rate) 10.32 |
Banks (National Average Rate) 11.04 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 6.55 |
Banks (National Average Rate) 6.56 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 8.07 |
Banks (National Average Rate) 8.18 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 5.87 |
Banks (National Average Rate) 6.74 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 5.75 |
Banks (National Average Rate) 6.69 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 5.82 |
Banks (National Average Rate) 6.44 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 5.68 |
Banks (National Average Rate) 6.36 |
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 19, 2023. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (June 30, 2023).