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 Oct. 29, 2008.
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Auto loans
Rates: 7.22 percent (60-month, new car); 7.9 percent (36-month, used car)
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Auto loan interest rates remain about the same in this week's rate survey. The 36-month new-car loan stayed the same at 7.13 percent. The 48-month new-car loan is unchanged at 7.18 percent and the 60-month new-car loan is also unchanged at 7.22 percent.
In used car loans, the 36-month loan rate is unchanged at 7.9 percent and the 48-month used-car loan stayed put at last week's rate of 7.93 percent. A basis point is one-hundredth of a percentage point.
A bailout for automakers could be on the way. According to Edmund Andrews and Bill Vlasic, reporting for The New York Times Monday, the White House is exploring options to help the struggling American carmakers, including tapping a $25 billion loan program created by Congress to help modernize car plants or using the new authority of the Treasury Department granted by the $700 billion bank bailout program.
-- Sheyna Steiner
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July 30 - Aug. 5
