Wednesday, September 06, 2006

More About Credit card Rates!

Rates for credit cards and CDs tick higher; checking and money market rates flat on the week.

NEW YORK (CNN/Money) - Consumer interest rates for credit cards edged higher, while money market and checking account rates were unchanged the week ending November 29th, according to the latest Informa Research Services survey.

The average annual percentage rate, or APR, for platinum cards rose to 11.84 percent from 11.83 a week earlier. Rates ranged from a low of 5.90 percent to a high of 19.80 percent for the week and stood at an average of 11.80 percent a month earlier.

Interest rates for banking products also rose, with 12-month CDs rising to a 3.30 percent average annual percent yield, or APY, from 3.28 the previous week. Rates were 3.20 a month earlier.
The average interest rate for money markets remained flat on the week at 1.21 percent, with a range of 0.02 percent to 4.04 percent. Rates stood at 1.19 percent a month earlier.

Interest rates for checking accounts were also flat on the week at 0.42 percent on average, and stood at 0.41 a month earlier. Rates ranged from 0.01 percent to 4.59 percent.
Follow this link to a TABLE where you can find the rates for key savings products from the 10 largest banks. You can compare rates for banking products, etc...

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