"Bank A offers you a loan at 6.61% compounded 4 times a year. Bank B offers to loan you the same amount at 0.10% less than the rate offered by Bank A but compounded twice as often as the Bank A rate is. Which bank's loan should you accept? As your answer, enter the effective rate (in percent, to two decimal places at least) offered by the bank whose loan you should accept."

I got the 2 rates

Bank A: 6.78%

Bank B: 5.75%

My problem is understanding which offer I should accept. I am thinking I would accept Bank A because their Earning Annual Rate (EAR) is greater than Bank B.