San Diego Interest Rates: Are Banks or Credit Unions Better?

Both community banks and credit unions are said to offer higher rates than larger chain and national banks, but when it comes down to the two, which is better? Anyone interested in earning the highest San Diego interest rates should know if there’s a credit union nearby that has even better offers.

Below is a look at the highest interest rates across a variety of accounts from both banks and credit unions in San Diego:

6-Month CD Rates

Bank: California Community Bank: 0.75% APY
Credit Union: Geico Credit Union: 0.8% APY

12-Month CD Rates

Bank: Balboa Thrift and Loan Association: 1.16% APY
Credit Union: Geico Credit Union: 1% APY

24-Month CD Rates

Bank: California Community Bank: 1.56% APY
Credit Union: Geico Credit Union: 1.3% APY

Savings Account Interest Rates

Bank: Embarcadero Bank: 0.5% APY
Credit Union: Inland Credit Union: 0.35% APY

The above interest rates are accurate as of May 26, 2011 but are subject to change at any time in the future.