Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For June 26, 2020
| Product | All CUs (National Average Rate) | All Banks (National Average Rate) |
|---|---|---|
Product 5 Year CD-10K |
All CUs (National Average Rate) 1.14 |
All Banks (National Average Rate) 0.92 |
Product 4 Year CD-10K |
All CUs (National Average Rate) 1.02 |
All Banks (National Average Rate) 0.81 |
Product 3 Year CD-10K |
All CUs (National Average Rate) 0.92 |
All Banks (National Average Rate) 0.73 |
Product 2 Year CD-10K |
All CUs (National Average Rate) 0.79 |
All Banks (National Average Rate) 0.61 |
Product 1 Year CD-10K |
All CUs (National Average Rate) 0.62 |
All Banks (National Average Rate) 0.47 |
Product 6 Month CD-10K |
All CUs (National Average Rate) 0.43 |
All Banks (National Average Rate) 0.31 |
Product 3 Month CD-10K |
All CUs (National Average Rate) 0.27 |
All Banks (National Average Rate) 0.20 |
Product Money market account-2.5K |
All CUs (National Average Rate) 0.21 |
All Banks (National Average Rate) 0.14 |
Product Interest checking account-2.5K |
All CUs (National Average Rate) 0.10 |
All Banks (National Average Rate) 0.09 |
Product Regular savings account-2.5K |
All CUs (National Average Rate) 0.13 |
All Banks (National Average Rate) 0.13 |
Product Credit card, Classic |
All CUs (National Average Rate) 11.27 |
All Banks (National Average Rate) 12.61 |
Product 30 Year fixed-rate mortgage |
All CUs (National Average Rate) 3.43 |
All Banks (National Average Rate) 3.52 |
Product 15 Year fixed-rate mortgage |
All CUs (National Average Rate) 2.97 |
All Banks (National Average Rate) 3.11 |
Product 5/1 Year adjustable rate mortgage |
All CUs (National Average Rate) 3.21 |
All Banks (National Average Rate) 3.72 |
Product 3/1 Year adjustable rate mortgage |
All CUs (National Average Rate) 3.33 |
All Banks (National Average Rate) 3.68 |
Product 1 Year adjustable rate mortgage |
All CUs (National Average Rate) 3.32 |
All Banks (National Average Rate) 3.47 |
Product Unsecured fixed rate loan, 36 months |
All CUs (National Average Rate) 9.21 |
All Banks (National Average Rate) 10.28 |
Product Home equity loan, 5 year, 80% |
All CUs (National Average Rate) 4.50 |
All Banks (National Average Rate) 5.01 |
Product Home equity loan, LOC, 80% |
All CUs (National Average Rate) 3.99 |
All Banks (National Average Rate) 4.24 |
Product Used car loan, 48 months |
All CUs (National Average Rate) 3.33 |
All Banks (National Average Rate) 5.23 |
Product Used car loan, 36 months |
All CUs (National Average Rate) 3.21 |
All Banks (National Average Rate) 5.17 |
Product New car loan, 60 months |
All CUs (National Average Rate) 3.28 |
All Banks (National Average Rate) 4.90 |
Product New car loan, 48 months |
All CUs (National Average Rate) 3.15 |
All Banks (National Average Rate) 4.78 |
Footnotes
Notes:
1. 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 15, 2020. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (June 26, 2020).