Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For September 27, 2024
| 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) 2.09 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 2.83 |
Banks (National Average Rate) 1.99 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 2.84 |
Banks (National Average Rate) 2.05 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 2.96 |
Banks (National Average Rate) 2.13 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 3.26 |
Banks (National Average Rate) 2.41 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 2.99 |
Banks (National Average Rate) 2.25 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 2.03 |
Banks (National Average Rate) 1.54 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.77 |
Banks (National Average Rate) 0.57 |
Product Interest checking account-2.5K |
Credit Unions (National Average Rate) 0.14 |
Banks (National Average Rate) 0.22 |
Product Regular savings account-2.5K |
Credit Unions (National Average Rate) 0.21 |
Banks (National Average Rate) 0.35 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 12.90 |
Banks (National Average Rate) 15.75 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.45 |
Banks (National Average Rate) 6.78 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.03 |
Banks (National Average Rate) 6.40 |
Product 5/1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 6.04 |
Banks (National Average Rate) 6.86 |
Product 3/1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 6.36 |
Banks (National Average Rate) 6.91 |
Product 1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 5.83 |
Banks (National Average Rate) 6.76 |
Product Unsecured fixed-rate loan, 36 months |
Credit Unions (National Average Rate) 10.89 |
Banks (National Average Rate) 11.94 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 7.04 |
Banks (National Average Rate) 7.48 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 8.40 |
Banks (National Average Rate) 8.55 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 6.34 |
Banks (National Average Rate) 7.80 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 6.22 |
Banks (National Average Rate) 7.76 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 6.27 |
Banks (National Average Rate) 7.50 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 6.15 |
Banks (National Average Rate) 7.42 |
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 8, 2024. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (September 27, 2024).