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 Aug. 20, 2008.
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Auto loans
Rates: 7.07 percent (60-month, new car); 7.74 percent (36-month, used car)
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It was a quiet week for auto loan interest rates; used-car rates rose 1 basis point and there was no movement in new-car loan rates.
Both the 36-month used-car loan rate and the 48-month
used-car loan rate ticked up 1 basis point to 7.74 percent and 7.76, respectively.
Hanging on to the same rate from last week, the 60-month new-car loan rate is 7.07 percent, the 48-month new-car loan rate is 7.02 percent and the 36-month new-car loan rate is 6.95 percent.
On Aug. 19, GM announced a fleet-wide sale on almost all 2008 model year vehicles. Called the 100th anniversary sale, buyers will get employee pricing at participating dealerships. Excluded from the sale are medium-sized trucks and 2009 models. The sale began Aug. 20 and will run through Sept. 2.
-- Sheyna Steiner
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July 30 - Aug. 5
