Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For June 28, 2024
| Product | Credit Unions (National Average Rate) | Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
Credit Unions (National Average Rate) 2.95 |
Banks (National Average Rate) 2.08 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 2.87 |
Banks (National Average Rate) 1.98 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 2.87 |
Banks (National Average Rate) 2.05 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 2.99 |
Banks (National Average Rate) 2.15 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 3.31 |
Banks (National Average Rate) 2.42 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 2.97 |
Banks (National Average Rate) 2.20 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 2.02 |
Banks (National Average Rate) 1.45 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.77 |
Banks (National Average Rate) 0.58 |
Product Interest checking account-2.5K |
Credit Unions (National Average Rate) 0.15 |
Banks (National Average Rate) 0.23 |
Product Regular savings account-2.5K |
Credit Unions (National Average Rate) 0.20 |
Banks (National Average Rate) 0.35 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 12.90 |
Banks (National Average Rate) 15.36 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.97 |
Banks (National Average Rate) 7.08 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.58 |
Banks (National Average Rate) 6.73 |
Product 5/1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 6.44 |
Banks (National Average Rate) 6.99 |
Product 3/1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 6.66 |
Banks (National Average Rate) 7.00 |
Product 1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 6.21 |
Banks (National Average Rate) 6.90 |
Product Unsecured fixed-rate loan, 36 months |
Credit Unions (National Average Rate) 10.89 |
Banks (National Average Rate) 11.79 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 7.13 |
Banks (National Average Rate) 7.46 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 8.45 |
Banks (National Average Rate) 8.57 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 6.42 |
Banks (National Average Rate) 7.69 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 6.30 |
Banks (National Average Rate) 7.67 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 6.36 |
Banks (National Average Rate) 7.39 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 6.22 |
Banks (National Average Rate) 7.32 |
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 12, 2024. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (June 28, 2024).