Credit Union and Bank Rates 2020 Q4

Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For December 25, 2020

Product Credit Unions (National Average Rate) Banks (National Average Rate)
5 Year CD-10K 0.85 0.70
4 Year CD-10K 0.75 0.61
3 Year CD-10K 0.66 0.54
2 Year CD-10K 0.56 0.45
1 Year CD-10K 0.42 0.33
6 Month CD-10K 0.29 0.22
3 Month CD-10K 0.19 0.15
Money market account-2.5K 0.16 0.11
Interest checking account-2.5K 0.08 0.08
Regular savings account-2.5K 0.11 0.10
Credit card, Classic 11.18 12.50
30 Year fixed-rate mortgage 3.08 3.16
15 Year fixed-rate mortgage 2.69 2.78
5/1 Year adjustable rate mortgage 3.01 3.59
3/1 Year adjustable rate mortgage 3.07 3.54
1 Year adjustable rate mortgage 2.90 3.30
Unsecured fixed rate loan, 36 months 9.09 10.24
Home equity loan, 5 year, 80% 4.38 4.87
Home equity loan, LOC, 80% 3.87 4.17
Used car loan, 48 months 3.16 5.16
Used car loan, 36 months 3.04 5.10
New car loan, 60 months 3.09 4.81
New car loan, 48 months 2.98 4.70

Footnotes


Notes:

https://www.spglobal.com/marketintelligence) on January 11, 2021. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (December 25, 2020).

Last modified on
01/12/21