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 Jan. 7, 2009.
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Credit cards
Rates: 13.42 percent (standard fixed); 11.06 percent (standard variable)
The average variable interest rate on standard cards rose 10 basis points to 11.06 percent after decreasing for 10 weeks and then holding steady last week. Fixed-rate standard cards stood at 13.42 percent. A basis point is one-hundredth of a percentage point.
The variable rate average for all cards hiked 3 basis points to 10.86 percent while the fixed rate held at 12.06 percent for the seventh week in a row.
Bank-card delinquencies decreased 34 basis points in the third quarter of 2008 to 4.2 percent of all accounts, according to the American Bankers Association's Consumer Credit Delinquency Bulletin. Delinquent payments are those made at least 30 days past due. That may sound like good news, but the ABA's chief economist, James Chessen, expects delinquencies to rise across consumer loan products as a result of heavy job losses.
-- Leslie McFadden
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July 30 - Aug. 5
