Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For September 29, 2023
| Product | Credit Unions (National Average Rate) | Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
Credit Unions (National Average Rate) 2.89 |
Banks (National Average Rate) 1.99 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 2.80 |
Banks (National Average Rate) 1.88 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 2.77 |
Banks (National Average Rate) 1.92 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 2.87 |
Banks (National Average Rate) 1.99 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 3.01 |
Banks (National Average Rate) 2.15 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 2.51 |
Banks (National Average Rate) 1.79 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 1.63 |
Banks (National Average Rate) 1.19 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.69 |
Banks (National Average Rate) 0.54 |
Product Interest checking account-2.5K |
Credit Unions (National Average Rate) 0.14 |
Banks (National Average Rate) 0.21 |
Product Regular savings account-2.5K |
Credit Unions (National Average Rate) 0.19 |
Banks (National Average Rate) 0.33 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 12.65 |
Banks (National Average Rate) 14.93 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 7.18 |
Banks (National Average Rate) 7.16 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.72 |
Banks (National Average Rate) 6.72 |
Product 5/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 6.42 |
Banks (National Average Rate) 6.63 |
Product 3/1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 6.43 |
Banks (National Average Rate) 6.50 |
Product 1 Year adjustable rate mortgage |
Credit Unions (National Average Rate) 5.98 |
Banks (National Average Rate) 6.44 |
Product Unsecured fixed rate loan, 36 months |
Credit Unions (National Average Rate) 10.58 |
Banks (National Average Rate) 11.23 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 6.89 |
Banks (National Average Rate) 6.90 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 8.38 |
Banks (National Average Rate) 8.45 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 6.23 |
Banks (National Average Rate) 7.07 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 6.12 |
Banks (National Average Rate) 7.03 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 6.18 |
Banks (National Average Rate) 6.77 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 6.05 |
Banks (National Average Rate) 6.69 |
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 10, 2023. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (September 29, 2023).