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 1, 2009.
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| Interest Rate Roundup |
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Credit cards
Rates: 13.46 percent (standard fixed); 11.08 percent (standard variable)
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Variable interest rates soared this week. The mean variable rate rose 14 basis points to 11.04 percent, and the standard variable rate jumped 28 basis points to 11.08 percent.
Fixed rate averages haven't moved in four weeks. The average fixed rate came to 12.26 percent, and the standard-fixed rate came in at 13.46 percent.
On Wednesday, the Obama administration sent a bill to Congress that would create the new Consumer Financial Protection Agency. The regulator would oversee credit cards, as well as other financial products and services. It will have the power to enforce the new credit card law and set standards for card issuers.
You can find your best credit card deal -- by type -- using Bankrate's interactive tool.
-- Leslie McFadden |
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July 30 - Aug. 5
