Credit card rates tick lower Rates for platinum cards fall slightly while yields on CDs, money market accounts rise during week. December 7, 2005: 9:46 AM EST
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NEW YORK (CNNMoney.com) -
Consumer interest rates for credit cards fell slightly, while deposit rates mostly edged higher the week ending December 6, according to the latest Informa Research Services survey.
The average annual percentage rate, or APR, for platinum cards dropped to 11.78 percent from 11.84 percent 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 11.77 percent a month earlier.
Interest rates for banking products rose, with 12-month CDs rising to a 3.33 percent average annual percent yield, or APY, from 3.30 the previous week. Rates were 3.23 a month earlier.
The average interest rate for money markets remained also ticked higher on the week at 1.23 percent, with a range of 0.02 percent to 4.08 percent. Rates stood at 1.20 percent a month earlier.
Interest rates for checking accounts were 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.
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 located here.
