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 July 9, 2008.
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Credit cards
Rates: 13.42 percent (standard fixed); 11.67 percent (standard variable)
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Credit card APRs idled this week. The average fixed rate on standard, gold and platinum cards parked at 11.88 percent and variable-rate froze at 11.27 percent. On standard cards, the fixed rate stood at 13.42 percent and the variable rate at 11.67 percent.
Act now to get your two cents in about proposed credit card rules the Federal Reserve issued in May. The reforms would curb some of the most egregious practices in the industry, such as double-cycle billing, applying rate increases to existing balances or putting payments toward the lowest interest rate balances first.
The deadline for public comments is Aug. 4. Go the Federal Reserve Web site and select "submit comment" under Regulation AA.
-- Leslie McFadden
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low-interest credit cards. |
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July 30 - Aug. 5
