Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Nov. 19, 2008.
 |
| Interest Rate Roundup |
|
|
|
|
|
Credit cards
Rates: 13.42 percent (standard fixed); 11.50 percent (standard variable)
|
This week the APRs offered on all types of fixed and variable rate cards remained flat. On standard, gold and platinum cards, the average fixed rate sat at 12 percent, and the variable rate at 11.27 percent. The standard-fixed rate average hovered at a 13.42 percent rate, while the variable rate on standard cards slid to 11.5 percent, down from 11.58 percent last week.
Despite the fact that variable rates are declining, some cardholders are finding their rates increasing due to the credit crunch. Both Citigroup and American Express have pledged to raise some cardholders' rates by several percentage points.
-- Leslie McFadden
Compare
low-interest credit cards. |
|
|
|
|
July 30 - Aug. 5
