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 April 30, 2008.
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Credit cards
Rates: 13.42 percent (standard fixed); 12.02 percent (standard variable)
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Variable rates dropped again this week. The average
fixed-rate for standard, gold and platinum cards remained 11.89 percent,
but variable rates inched down 12 basis points to 11.62 percent. On standard
cards, variable rates dove 15 basis points to 12.02 percent, but fixed-rate
cards clung to 13.42 percent.
The Federal Open Market Committee decided to cut
the federal funds rate for the seventh time in a row, lowering it 25 basis
points to 2 percent. Find out if the rate cut will impact your credit
card interest rates.
-- Leslie McFadden
Compare
low-interest credit cards. |
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July 30 - Aug. 5
