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 2, 2008.
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Credit cards
Rates: 13.42 percent (standard fixed); 12.71 percent (standard variable)
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This week the average rates on standard cards sat tight. Fixed-rate cards remained at 13.42 percent and variable-rate cards at 12.71 percent. For standard, gold and platinum cards, fixed-rate cards idled at 11.89 percent, while the variable-rate average came down 5 basis points to 12.13 percent.
In March, the U.S. Public Interest Research Group published a survey of 1,500 college students that assessed their credit card usage and attitudes toward credit card marketing on campus.
Among the group's findings, 80 percent of respondents favored regulating credit card marketing on school property. One reform popular with students who supported more than one regulation was only promoting cards that had fair terms and conditions.
They also opposed the selling or sharing of students' personal information with credit card companies. A minority of respondents said regulation was unnecessary.
-- Leslie McFadden
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low-interest credit cards. |
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July 30 - Aug. 5
