Average APRs for credit cards mixed, but banking APYs are largely flat. March 9, 2005: 1:22 PM EST
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CDs & Money Market
MMA
0.89%
$10K MMA
0.95%
6 month CD
1.02%
1 yr CD
1.43%
5 yr CD
2.55%
NEW YORK (CNN/Money) - Consumer interest rates for credit cards and banking products were mixed the week ending March 8, according to the latest Informa Research Services survey.
The average annual percentage rate, or APR, for platinum cards rose to 11.3 percent, up from 11.28 the previous week. Interest rates ranged from a low of 5.5 percent to a high of 19.8 percent for the week and stood at 11.26 percent a month earlier.
Rates for introductory purchase credit cards fell to a 1.75 percent average, down from 1.85 percent last week, and stood at 1.84 percent a month earlier. For the week ended March 8, rates ranged from zero percent to 9.9 percent.
Reward, or incentive-based, credit cards rose to a 12.38 percent average, up from 12.27 percent last week, with a range of 7.4 percent to 17.49 percent. Rates stood at 12.26 percent a month earlier.
Interest rates for banking products were largely flat, with 12-month CDs advancing to a 2.36 percent average annual percent yield, or APY, up from 2.33 percent the previous week.
Rates for 12-month CDs ranged from 0.35 percent on the low end to 3.7 percent for the week. A month earlier, the average rate stood at 2.22 percent.
The average interest rate for money markets held steady at 0.84 percent, unchanged from a week ago, with a range of 0.02 percent to 3.35 percent. Rates stood at 0.82 percent a month earlier.
Checking accounts clung to their 0.34 percent average, also unchanged from last week. Rates spanned from 0.02 percent to 3.25 percent for the week ended March 8 and stood at 0.33 a month earlier.
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.
