Credit Union and Bank Rates 2003-2005

Comparison of Historical Rates: Credit Unions, Savings Banks, and Other Banks

(Comparison of average credit union, savings bank, and other bank rates at year-end)

Data compiled by Datatrac, Inc.
Contact: Ken Wanek at 1-800-257-7101

36 month Used Auto Loan, 2 Year-Old Auto

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 4.94 4.95 5.62
Savings Banks 7.05 6.96 7.49
Other Banks 7.78 7.09 7.78

48 month Used Auto Loan, 2 Year-Old Auto

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 5.05 5.07 5.72
Savings Banks 7.05 6.92 7.51
Other Banks 7.21 7.14 7.81

48 Month New Auto Loan

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 4.72 4.76 5.44
Savings Banks 6.52 6.37 6.93
Other Banks 6.49 6.43 7.12

60-month New Auto Loan

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 4.84 4.88 5.57
Savings Banks 6.61 6.44 7.04
Other Banks 6.56 6.51 7.21

36 Month Unsecured Loan, Fixed Rate

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 11.10 10.82 10.97
Savings Banks 12.27 12.37 12.41
Other Banks 12.02 12.04 12.50

1 Year Adjustable Rate Mortgage

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 3.72 4.06 4.92
Savings Banks 4.00 4.23 5.30
Other Banks 4.04 4.49 5.68

15 Year Fixed Rate Mortgage

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 5.31 5.32 5.98
Savings Banks 5.23 5.24 5.92
Other Banks 5.32 5.25 5.98

3 Year Adjustable Rate Mortgage

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 4.34 4.59 5.55
Savings Banks 4.40 4.70 5.66
Other Banks 4.46 4.88 5.95

30 Year Fixed Rate Mortgage

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 5.92 5.82 6.38
Savings Banks 5.93 5.81 6.39
Other Banks 5.95 5.79 6.39

5 Year Adjustable Rate Mortgage

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 4.96 5.06 5.82
Savings Banks 4.97 5.07 5.83
Other Banks 5.04 5.19 6.09

Credit Card (Classic)

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 12.18 11.97 12.06
Savings Banks 11.92 11.60 13.27
Other Banks 12.33 12.39 14.13

Credit Card (Gold)

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 10.40 10.25 10.26
Savings Banks 10.75 10.51 10.86
Other Banks 10.49 10.83 11.13

3 Month Certificate of Deposit (Share Certificate), $10,000 Minimum

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 1.13 1.48 2.59
Savings Banks 0.94 1.34 2.31
Other Banks 0.87 1.29 2.29

6 Month Certificate of Deposit (Share Certificate), $10,000 Minimum

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 1.35 1.79 3.13
Savings Banks 1.11 1.65 2.88
Other Banks 1.04 1.63 2.83

1 Year Certificate of Deposit (Share Certificate), $10,000 Minimum

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 1.62 2.22 3.62
Savings Banks 1.35 2.05 3.37
Other Banks 1.27 2.03 3.34

2 Year Certificate of Deposit (Share Certificate), $10,000 Minimum

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 2.11 2.79 3.93
Savings Banks 1.88 2.63 3.64
Other Banks 1.80 2.55 3.59

3 Year Certificate of Deposit (Share Certificate), $10,000 Minimum

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 2.60 3.28 4.14
Savings Banks 2.42 3.04 3.83
Other Banks 2.30 2.97 3.79

4 Year Certificate of Deposit (Share Certificate), $10,000 Minimum

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 2.98 3.66 4.33
Savings Banks 2.74 3.32 3.94
Other Banks 2.64 3.27 3.91

5 Year Certificate of Deposit (Share Certificate), $10,000 Minimum

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 3.43 4.07 4.58
Savings Banks 3.22 3.73 4.20
Other Banks 3.08 3.61 4.13

Interest Checking Account (Dividend Checking)

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 0.48 0.48 0.51
Savings Banks 0.44 0.42 0.49
Other Banks 0.32 0.34 0.45

Money Market Account

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 0.97 1.01 1.44
Savings Banks 0.65 0.70 0.99
Other Banks 0.51 0.57 0.85

Regular Savings Account, $10,000 minimum

Type of Institution Rates at Year-end 2003 Rates at Year-end 2004 Rates at Year-end 2005
Credit Unions 0.56 0.55 0.67
Savings Banks 0.60 0.60 0.67
Other Banks 0.49 0.36 0.49
Last modified on
11/04/20