Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For December 27, 2024
| Product | Credit Unions (National Average Rate) | Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
Credit Unions (National Average Rate) 2.84 |
Banks (National Average Rate) 2.08 |
Product 4 Year CD-10K |
Credit Unions (National Average Rate) 2.78 |
Banks (National Average Rate) 1.98 |
Product 3 Year CD-10K |
Credit Unions (National Average Rate) 2.77 |
Banks (National Average Rate) 2.04 |
Product 2 Year CD-10K |
Credit Unions (National Average Rate) 2.87 |
Banks (National Average Rate) 2.11 |
Product 1 Year CD-10K |
Credit Unions (National Average Rate) 3.11 |
Banks (National Average Rate) 2.36 |
Product 6 Month CD-10K |
Credit Unions (National Average Rate) 2.89 |
Banks (National Average Rate) 2.22 |
Product 3 Month CD-10K |
Credit Unions (National Average Rate) 2.02 |
Banks (National Average Rate) 1.55 |
Product Money market account-2.5K |
Credit Unions (National Average Rate) 0.74 |
Banks (National Average Rate) 0.55 |
Product Interest checking account-2.5K |
Credit Unions (National Average Rate) 0.15 |
Banks (National Average Rate) 0.21 |
Product Regular savings account-2.5K |
Credit Unions (National Average Rate) 0.20 |
Banks (National Average Rate) 0.33 |
Product Credit card, Classic |
Credit Unions (National Average Rate) 12.78 |
Banks (National Average Rate) 15.49 |
Product 30 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.73 |
Banks (National Average Rate) 6.84 |
Product 15 Year fixed-rate mortgage |
Credit Unions (National Average Rate) 6.24 |
Banks (National Average Rate) 6.43 |
Product 5/1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 6.20 |
Banks (National Average Rate) 6.86 |
Product 3/1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 6.45 |
Banks (National Average Rate) 6.88 |
Product 1 Year adjustable-rate mortgage |
Credit Unions (National Average Rate) 5.82 |
Banks (National Average Rate) 6.75 |
Product Unsecured fixed-rate loan, 36 months |
Credit Unions (National Average Rate) 10.80 |
Banks (National Average Rate) 12.03 |
Product Home equity loan, 5 year, 80% |
Credit Unions (National Average Rate) 6.92 |
Banks (National Average Rate) 7.42 |
Product Home equity loan, LOC, 80% |
Credit Unions (National Average Rate) 7.93 |
Banks (National Average Rate) 8.24 |
Product Used car loan, 48 months |
Credit Unions (National Average Rate) 6.11 |
Banks (National Average Rate) 7.84 |
Product Used car loan, 36 months |
Credit Unions (National Average Rate) 5.99 |
Banks (National Average Rate) 7.80 |
Product New car loan, 60 months |
Credit Unions (National Average Rate) 6.03 |
Banks (National Average Rate) 7.53 |
Product New car loan, 48 months |
Credit Unions (National Average Rate) 5.91 |
Banks (National Average Rate) 7.45 |
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 7, 2025. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (December 27, 2024).