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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 July 22, 2009.

Interest Rate Roundup
Credit cards
Rates: 13.46 percent (standard fixed); 11.08 percent (standard variable)

For the third week running, average credit card interest rates held steady. The mean annual percentage rate for all fixed-rate cards stayed at 12.17 percent, and the average variable rate came to 11.14 percent. Standard fixed-rate cards remained at 13.46 percent and standard variable rates stood at 11.08 percent.

Since the third quarter of 2008, Americans have cut back on their revolving debt, according to Federal Reserve data. Revolving credit, which is mostly credit card debt, declined for the ninth consecutive month to $928 billion in May, a decrease of about $3 billion from April.

 You can find your best credit card deal -- by type -- using Bankrate's interactive tool.

-- Leslie McFadden

Bankrate.com's corrections policy
-- Posted: July 23, 2009
 
 
 
 RESOURCES
Experts predict where rates are headed
Fed Outlook blog
Graph rates for the past three months
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TABLE OF CONTENTS
 
 
 
 
Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 4.45%
48 month new car loan 3.77%
1 yr CD 0.89%
Rates may include points
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* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

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