America's top five savings accounts feature APYs of 1% or more.

And none of them are offered by credit unions, according to a recent survey by the consumer finance website WalletHub.

In its survey, WalletHub compared 388 savings and money market accounts from 205 banks and credit unions, both online and branch-based. The average deposit account offered only 0.18%, a figure that was 84% lower than that of the market leaders polled in its survey.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Credit Union Management