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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Credit cards
Rates: 13.42 percent (standard fixed); 11.57 percent (standard variable)
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Average interest rates for purchases on fixed-
and variable-rate standard cards stayed at 13.42 percent and 11.57, respectively.
Purchase rates on standard, gold and platinum cards rose 10 basis points
for fixed-rate cards to 11.88 percent and 3 basis points to 11.34 percent
for variable-rate cards.
Credit card solicitations declined for the third
straight quarter, according to Mintel
Comperemedia, a market research company. Offers have diminished by
17 percent since the third quarter of 2007 to the current volume, 1.54
billion.
-- Leslie McFadden
Compare
low-interest credit cards. |
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July 30 - Aug. 5
