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Credit Card Deals
As of February 3, 1998
These rates compare with an national average credit-card rate of 16.78%.
If You Carry a Balance
| Institution/Phone Number | Interest Rate | Fee |
Amalgamated Bank
800-723-0303 | 11.25%
Variable | $37.00 |
First Union
800-377-3404 | 11.40% Variable | $39.00 |
Central Carolina Bank-Georgia
800-672-2539 | 12.00% Variable |
$20.00 |
If You Pay Off the Entire Balance Monthly
| Institution/Phone Number | Interest Rate | Fee |
AmTrust
888-268-7878 | 14.40%
Variable | $0 |
Ohio Savings Bank
800-987-6446 | 14.40%
Variable | $0 |
Amalgamated Bank
800-723-0303 | 14.50%
| $0 |
This week's tip from the Bank Rate Monitor: A fixed interest rate
credit card doesn't tell how long it's going to stay at that rate.
Issuers have to give only 15 days written notice before changing
the rate on the outstanding balance and new purchase.
Highest Money Market Yields
As of February 4, 1998
Annual percentage yield assumes that the interest earned on an account is
allowed to compound for a full year:
| Account | Highest | Minimum
Deposit | National Average |
Money Market
First Market Bank
Memphis TN | 5.80% | $10,000 | 2.56% |
6-month CD
Advanta National Bank
Wilmington DE | 6.00% | $10,000 | 4.76% |
1-year CD
First Capital Bank
Norcross GA | 6.10%
| $2,000 | 5.01% |
2.5-year CD
Southern Pacific Bank
Los Angeles CA | 6.18% | $5,000 | 5.18% |
5-year CD
Capital One Federal Savings
Bank
Richmond VA | 6.31% | $2,500 |
5.32% |
FOR OTHER INSTALLMENTS OF BEST RATES
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