Originally published January 25 2005
Rates on consumer credit cards and bank notes slightly higher
by Mike Adams, the Health Ranger, NaturalNews Editor
For the week ending January 11, the average annual percentage rate (APR) on Platinum credit cards moved slightly higher from 11.15 percent the previous week to 11.18 percent. Some bank products also increased during this time. The average annual percentage yield (APY) on 12-month CDs increased to 2.08 percent from 2.05 percent the previous week.
Consumer interest rates for credit cards and banking products tipped mostly higher the week ending Jan. 11, according to the latest Informa Research Services survey.
Credit cards Search for plastic offering good perks, deals for college kids and low rates.
The average annual percentage rate, or APR, for platinum cards inched up to 11.18 percent from 11.15 percent the previous week.
Interest rates ranged from a low of 5.25 percent to a high of 19.8 percent for the week and stood at 11 percent a month earlier.
Rates for introductory purchase credit cards held on to their 1.86 percent average, unchanged from last week, and stood at 1.85 percent a month earlier.
For the week ended Jan. 11, rates ranged from zero percent to 9.9 percent.
Reward, or incentive-based, credit cards advanced to a 12.22 percent average, up from 12.18 percent last week, with a range of 5.9 percent to 17.24 percent.
Interest rates for banking products also tipped mostly higher, with 12-month CDs creeping to a 2.08 percent average annual percent yield, or APY, up from 2.05 percent the previous week.
Rates for 12-month CDs ranged from 0.25 percent on the low end to 3.41 percent for the week.
The average interest rate for money markets edged up to 0.79 percent from 0.78 percent last week, with a range of 0.02 percent to 3.04 percent.
Below are the rates for key savings products from the 10 largest banks.
You can compare rates for banking products, as well as credit cards, using the rate-search tools above.
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