Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For December 29, 2023
| Product | Credit Unions (National Average Rate) | Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
Credit Unions (National Average Rate) 2.93 |
Banks (National Average Rate) 2.02 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 2.86 |
Banks (National Average Rate) 1.92 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 2.84 |
Banks (National Average Rate) 1.97 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 2.96 |
Banks (National Average Rate) 2.03 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 3.20 |
Banks (National Average Rate) 2.23 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 2.71 |
Banks (National Average Rate) 1.90 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 1.81 |
Banks (National Average Rate) 1.27 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.73 |
Banks (National Average Rate) 0.55 |
Product Interest checking account-2.5K |
Credit Unions (National Average Rate) 0.15 |
Banks (National Average Rate) 0.22 |
Product Regular savings account-2.5K |
Credit Unions (National Average Rate) 0.20 |
Banks (National Average Rate) 0.34 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 12.72 |
Banks (National Average Rate) 15.00 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.96 |
Banks (National Average Rate) 7.10 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.53 |
Banks (National Average Rate) 6.69 |
Product 5/1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 6.41 |
Banks (National Average Rate) 6.86 |
Product 3/1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 6.55 |
Banks (National Average Rate) 6.80 |
Product 1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 5.86 |
Banks (National Average Rate) 6.64 |
Product Unsecured fixed-rate loan, 36 months |
Credit Unions (National Average Rate) 10.78 |
Banks (National Average Rate) 11.37 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 7.08 |
Banks (National Average Rate) 7.14 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 8.43 |
Banks (National Average Rate) 8.49 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 6.45 |
Banks (National Average Rate) 7.21 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 6.33 |
Banks (National Average Rate) 7.17 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 6.39 |
Banks (National Average Rate) 6.90 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 6.25 |
Banks (National Average Rate) 6.83 |
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 9, 2024. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (December 29, 2023).