Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For March 29, 2024
| 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) 2.05 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 2.86 |
Banks (National Average Rate) 1.95 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 2.85 |
Banks (National Average Rate) 2.00 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 2.97 |
Banks (National Average Rate) 2.10 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 3.26 |
Banks (National Average Rate) 2.33 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 2.86 |
Banks (National Average Rate) 2.07 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 1.91 |
Banks (National Average Rate) 1.38 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.76 |
Banks (National Average Rate) 0.57 |
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) 0.21 |
Banks (National Average Rate) 0.34 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 12.86 |
Banks (National Average Rate) 15.29 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.90 |
Banks (National Average Rate) 7.02 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.50 |
Banks (National Average Rate) 6.65 |
Product 5/1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 6.41 |
Banks (National Average Rate) 6.87 |
Product 3/1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 6.57 |
Banks (National Average Rate) 6.85 |
Product 1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 5.97 |
Banks (National Average Rate) 6.75 |
Product Unsecured fixed-rate loan, 36 months |
Credit Unions (National Average Rate) 10.83 |
Banks (National Average Rate) 11.65 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 7.09 |
Banks (National Average Rate) 7.37 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 8.46 |
Banks (National Average Rate) 8.54 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 6.46 |
Banks (National Average Rate) 7.51 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 6.35 |
Banks (National Average Rate) 7.46 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 6.40 |
Banks (National Average Rate) 7.21 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 6.27 |
Banks (National Average Rate) 7.13 |
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 9, 2024. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (March 29, 2024).