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Interest Rate Roundup   July 30 - Aug. 5
  Each week, Bankrate takes a look at the state of interest rates on five banking
  products from Bankrate.com's weekly national survey of large banks and thrifts. 
 
Interest Rate Roundup

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. 14, 2009.

Interest Rate Roundup
Auto loans

Rates: 6.95 percent (60-month, new car); 7.68 percent (36-month, used car)

Auto loan rates continue to slip.

The 60-month new-car loan rate fell 4 basis points this week to 6.95 percent. Also falling 4 basis points, the 48-month new-car loan is now 6.93. The 36-month new-car loan rate dropped 3 basis points to 6.87 percent. A basis point is one-hundredth of a percentage point.

The 48-month used-car loan shed 7 basis points to 7.7 percent and the 36-month used-car loan rate fell 3 basis points to 7.68 percent.

-- Sheyna Steiner

 See auto loan rates in your area.

Bankrate.com's corrections policy
-- Posted: Jan. 15, 2009
 
 
 
 RESOURCES
Experts predict where rates are headed
Fed Outlook blog
Graph rates for the past three months
 TOP SAVINGS STORIES
Winners and losers: Certificates of deposit
Winner or loser: Mortgage shopper
Winner or loser: Home equity loans
 



TABLE OF CONTENTS
 
 
 
 
Checking and Savings
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
Interest checking 0.48%
MMA 0.39%
$10K MMA 0.35%
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