According to Informa's Interest Rate Review, the current national average for a 12-month CD at $25,000 is 0.46% APY. As we rang in the New Year last year, the average for the same product was 1.09% APY. This more than doubles the current average. Click here for more information.

Golden 1 CU is offering no payments for 90 days on auto loans. Deferment will occur in the first 90 days on new and used auto loan applications approved through 01.31.2011. This offer is limited for 2005 to 2011 vehicle models with a maximum loan amount of $40,000. The 90-day payment deferment is available only for qualified borrowers. Click here for more information.

Commerce Bank is offering an introductory rate of 3.75% APR for the first 12 months on a home equity line of credit. After the promotional period, rates will adjust to as low as Prime + 0.75% APR with a floor rate of 5.00%. Introductory APR is available on new lines only with a maximum LTV of 85%. Click here for more information.

Apple Bank of New York is offering a new special mortgage program to bank depositors called Rate Reducer Program. Borrowers who open and maintain a GoldValue Now Checking account and have their monthly mortgage payment automatically deducted will get a full 0.125% rate reduction from Apple Bank's already competitive mortgage rates. Click here for more information.

The Federal Reserve Board requested comment on a proposed rule for card issuers with assets of $10 billion or more by 02.22.2011. The proposal would establish debit card interchange fee standards and prohibit network exclusivity arrangements and routing restrictions. The two alternative interchange fee standards will have a safe harbor set at $0.07 per transaction with a cap set at $0.12 per transaction, and the other, a stand-alone cap initially set at $0.12 per transaction. The new rule will take effect 07.21.2011. Click here for more information.

According to the U.S. Small Business Administration's figures, Bank of America was ranked first among all banks in the amount of credit extended through the U.S. Small Business Administration's 504 loan program during the last fiscal year. Click here for more information.