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Credit union interest rates typically vary based on the type of account or loan and the specific credit union's policies. Generally, credit unions offer competitive rates that are often lower than those of traditional banks, especially for loans like auto loans and mortgages, due to their nonprofit structure. Savings accounts and certificates of deposit (CDs) at credit unions may also provide higher interest rates compared to banks. It's essential to compare rates among different credit unions to find the best option for your financial needs.

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1w ago

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Related Questions

What is the interest rate on a Union Plus credit card?

The interest rate on a Union Plus credit card, which is issued by HSBC, isn't disclosed until an application is submitted, but can be as high as 23.4%. The interest rate on cash advances is also as high as 23.99% with this credit card.


Does a credit union have a higher interest rate than a bank?

They do usually have a higher interest rate, but it's only about .25 to .50 percent higher.


Where can one find information on the average credit card interest rate?

You can find information about the average credit card interest rate online at websites such as Bankrate and My Credit Union. You can find information on how to lower your current credit card interest rates at the Daily Finance website.


How do you use a sentence with the words credit union?

I am a member of seven different credit unions right now. Generally, you will get a better interest rate from credit unions.


What is the interest rate on loan?

Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.


Do you know if I can get tractor at a local credit union?

Whether or not you can get a loan at a good interest rate is going to depend on your credit and the value of what you are financing. The best thing to do is call your local credit union and get preapproved.


Is the interest rate on this credit card variable or fixed?

The interest rate on this credit card is fixed.


What is an advantage of having an interest rate credit card?

The advantages of having a credit card with an interest rate is it helps build one's credit faster. The higher the interest rate of the credit card, the higher the credit score.


Where is the verb in this sentence The local credit union offers the lowest interest rate for hybrid cars?

The verb is offers.


When should you look for a bank or credit union that offers the LOWEST interest rate?

When borrowing capital to start a business


What st louis area bank offers the best one year interest rate?

I would say that your local community credit union offers the best interest rate for the first year.


Are there any credit cards available with a permanent 0% interest rate?

No, there are no credit cards available with a permanent 0% interest rate. You can however get the low interest rates one at www.which4u.com.au/credit-cards/lowest-interest-rate -