Credit union · Privately insured
Interra Credit Union Carrot Score
A $2B credit union, the 268th largest of 4,329, headquartered in Goshen, IN, with 89,669 members and 16 branches in Indiana.
Interra Credit Union Carrot Score
67
Carrot Score
Higher than 20% of U.S. banks and credit unions
- CDsNot scored
- Savings76
- Auto loans65
- Credit cards77
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where Interra Credit Union ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
Not scoredSavings
76beats 42% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 0.05% | 16% | 0.20% | 0.50% | 1.51% |
| $10,000 | 0.05% | 7% | 0.50% | 1.15% | 2.20% |
| $100,000 | 0.05% | 5% | 1.00% | 2.01% | 2.93% |
| Qualified | 4.03% | 99% | 0.60% | 1.31% | 2.43% |
Best rates 52.9 · all balances 26.5 → 42.4 → 76
Auto loans
65beats 15% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | 6.04% | 13% | 5.00% | 4.74% | 4.25% |
| Used vehicle | 6.04% | 21% | 5.39% | 4.99% | 4.49% |
Best rates 20.7 · all vehicles 16.7 → 19.1 → 65
Credit cards
77beats 43% nationally
| Card | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| Purchase APR | 11.00% | 44% | 10.90% | 9.90% | 8.90% |
Best rates 43.7 · all rates 43.7 → 43.7 → 77
Where the score could improve
- Credit cards, Purchase APR9.90%11.00% today, lower than 44% of U.S. institutions. 9.90% would reach the top quarter; 8.90% the top 10%.
- Savings, $10,0001.15%0.05% today, higher than 7% of U.S. institutions. 1.15% would reach the top quarter; 2.20% the top 10%.
- Savings, $100,0002.01%0.05% today, higher than 5% of U.S. institutions. 2.01% would reach the top quarter; 2.93% the top 10%.
- To score in the 90s3.10%At least one product needs a rate near the best in the country, like 3.10% or more on a $10,000 savings (0.05% today), and strong rates on its other balances.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How Interra Credit Union got its score
Its products stand at 43.7 for credit cards, 42.4 for savings and 19.1 for auto loans, out of 100. Its best two, credit cards and savings, average 43.1. Publishing three products adds 1.5, for 44.6. That puts it ahead of 20% of U.S. banks and credit unions: a Carrot Score of 67.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.