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 March 4, 2009.
 |
| Interest Rate Roundup |
|
|
|
|
|
Credit cards
Rates: 13.47 percent (standard fixed); 10.84 percent (standard variable)
|
The average interest rate for fixed-rate cards stuck to 12.24 percent and scooted up 2 basis points to 10.76 percent for variable-rate cards. A basis point is one-hundredth of a percentage point.
For standard cards, the fixed rate average held at 13.47 percent and variable-standard cards remained at 10.84 percent.
According to the latest Credit Trends Report from Equifax, one of the three major credit bureaus, the number of credit card payments 60 days or more past due rose to 4.17 percent in January, an almost 30-percent increase year-over-year. Open bank credit cards shrank in number from 438 million in July to 408 million in January. Credit limits declined by $290 billion since July, to $3.3 trillion.
You can find your best credit card deal -- by type -- at Bankrate's interactive tool.
-- Leslie McFadden
|
|
|
|
|
July 30 - Aug. 5
