NEW YORK, June 25, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today the average 1-, 2-, 3- and 5-year CD rates slipped incrementally as national averages generally remained unchanged at record-low levels. CD rates have remained relatively flat compared to the movement that markets have seen since May in the 10-year Treasury note.
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The Federal Reserve issued a policy-making statement on June 19 that left rates unchanged and reiterated its commitment to $85 billion in monthly purchases of longer-term Treasuries and mortgage-backed securities.
"Fed Chairman Ben Bernanke attempted to calm markets by saying the central bank will not soon raise the federal funds rate," reports Joe Deaux, TheStreet's Economist, "But the 10-year note has continued its rise. On the other hand flat CD rates are resisting the rise in Treasury yields and tracking the Fed's decision to leave the federal funds rate unchanged."
NATIONAL AVERAGE RESULTS - $10K
This week |
Last week |
|
Money Market |
0.11 |
0.11 |
1 month CD |
0.06 |
0.06 |
3 month CD |
0.09 |
0.09 |
6 month CD |
0.15 |
0.15 |
1 year CD |
0.23 |
0.24 |
2 year CD |
0.37 |
0.38 |
3 year CD |
0.50 |
0.51 |
4 year CD |
0.63 |
0.63 |
5 year CD |
0.80 |
0.81 |
TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.
Top Rate Issuers - $10K 6/25/13 |
|||
Money Market |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
Doral Bank |
D- |
5000 |
0.940 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Sallie Mae Bank |
A- |
1 |
0.900 |
801-281-1423 |
|||
www.salliemaebank.com |
|||
Mercantil Commercebank, National Association |
C |
10000 |
0.900 |
305-460-8701 |
|||
www.mercantilcb.com |
|||
Ally Bank |
B+ |
1 |
0.840 |
877-247-2559 |
|||
www.ally.com |
|||
Customers Bank |
D+ |
10000 |
0.800 |
610-933-2000 |
|||
www.customersbank.com |
|||
1 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Carter Bank & Trust |
C+ |
2500 |
0.400 |
276-632-2901 |
|||
www.carterbankandtrust.com |
|||
Beal Bank USA |
B- |
1000 |
0.400 |
702-598-3500 |
|||
www.bealbank.com |
|||
Umbrellabank.com |
C |
1000 |
0.400 |
866-862-7355 |
|||
www.umbrellabank.com |
|||
Beal Bank, SSB |
C |
1000 |
0.400 |
469-467-5000 |
|||
www.bealbank.com |
|||
Merchants Bank of Indiana |
A- |
1 |
0.350 |
317-805-4300 |
|||
www.merchantsbankofindiana.com |
|||
3 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Beal Bank USA |
B- |
1000 |
0.510 |
702-598-3500 |
|||
www.bealbank.com |
|||
Umbrellabank.com |
C |
1000 |
0.510 |
866-862-7355 |
|||
www.umbrellabank.com |
|||
Institution for Savings In Newburyport |
B |
1 |
0.500 |
978-462-3106 |
|||
www.institutionforsavings.com |
|||
Doral Bank |
D- |
500 |
0.500 |
850-914-2525 |
|||
www.doralbankflorida.com |
|||
FirstBank Florida |
D+ |
1000 |
0.500 |
305-740-9522 |
|||
www.firstbankfla.com |
|||
6 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Doral Bank |
D- |
500 |
1.000 |
212-584-6820 |
|||
www.doralbankny.com |
|||
CapitalSource Bank |
B+ |
10000 |
0.800 |
888-433-4272 |
|||
www.capitalsourcebank.com |
|||
Beal Bank USA |
B- |
1000 |
0.750 |
702-598-3500 |
|||
www.bealbank.com |
|||
Hanmi Bank |
B- |
1000 |
0.700 |
213-427-5757 |
|||
www.hanmi.com |
|||
Discover Bank |
C+ |
2500 |
0.650 |
888-765-6654 |
|||
www.discoverbank.com |
|||
1 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Doral Bank |
D- |
500 |
1.200 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Beal Bank USA |
B- |
1000 |
1.110 |
786-347-3601 |
|||
www.bealbank.com |
|||
CapitalSource Bank |
B+ |
10000 |
1.010 |
888-433-4272 |
|||
www.capitalsourcebank.com |
|||
Ally Bank |
B+ |
1 |
0.940 |
877-247-2559 |
|||
www.ally.com |
|||
CIT Bank |
B+ |
1000 |
0.900 |
801-412-6800 |
|||
www.bankoncit.com |
|||
2 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Doral Bank |
D- |
500 |
1.450 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Emigrant Bank |
C+ |
1000 |
1.150 |
212-850-4521 |
|||
www.emigrant.com |
|||
Signature Bank |
A- |
5000 |
1.110 |
646-822-1500 |
|||
www.signatureny.com |
|||
Community Bank |
C+ |
1000 |
1.100 |
800-239-9427 |
|||
www.dodcommunitybank.com |
|||
FirstBank Florida |
D+ |
1000 |
1.100 |
305-740-9522 |
|||
www.firstbankfla.com |
|||
3 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
First NBC Bank |
B- |
10000 |
1.820 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
Doral Bank |
D- |
500 |
1.600 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Customers Bank |
D+ |
500 |
1.500 |
610-933-2000 |
|||
www.customersbank.com |
|||
Community Bank |
C+ |
1000 |
1.450 |
800-239-9427 |
|||
www.dodcommunitybank.com |
|||
Emigrant Bank |
C+ |
1000 |
1.400 |
212-850-4521 |
|||
www.emigrant.com |
|||
4 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Institution for Savings In Newburyport |
B |
1 |
2.000 |
978-462-3106 |
|||
www.institutionforsavings.com |
|||
Doral Bank |
D- |
500 |
1.650 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Emigrant Bank |
C+ |
1000 |
1.650 |
212-850-4521 |
|||
www.emigrant.com |
|||
Yakima Federal Savings & Loan Association |
A |
10000 |
1.550 |
509-248-2634 |
|||
www.yakimafed.com |
|||
EverBank |
C |
1500 |
1.510 |
888-882-3837 |
|||
www.everbank.com |
|||
5 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Institution for Savings In Newburyport |
B |
1 |
2.000 |
978-462-3106 |
|||
www.institutionforsavings.com |
|||
First NBC Bank |
B- |
10000 |
1.970 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
Doral Bank |
D- |
500 |
1.850 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Bridgehampton National Bank |
B |
2500 |
1.820 |
631-537-1000 |
|||
www.bridgenb.com |
|||
EverBank |
C |
1500 |
1.760 |
888-882-3837 |
|||
www.everbank.com |
Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak |
Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch's unbiased national interest rate survey of over 96,000 financial institution locations across the United States.
About RateWatch
For over 20 years, RateWatch has been the premier provider of competitive interest rate and product information to financial institutions across the United States. Consistently providing top quality, highly relevant data RateWatch maintains the largest database in the industry with deposit, loan, and fee information monitoring over 96,000 locations. Rate surveys, product comparisons, financial strength reporting, local/regional/national averages, fee reporting, specialty reports and more are available. To learn more about RateWatch, visit www.rate-watch.com. RateWatch is a division of TheStreet, Inc.
About TheStreet
TheStreet, Inc. (www.t.st) is the leading independent digital financial media company providing business and financial news, investing ideas and analysis to personal and institutional investors worldwide. The Company's portfolio of business and personal finance brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and RateWatch. To learn more, visit www.thestreet.com. The Deal, the Company's institutional business, provides intraday coverage of mergers and acquisitions and all other changes in corporate control. To learn more, visit www.thedeal.com.
CONTACT:
Erin Corcoran
TheStreet, Inc.
212-321-5566
[email protected]
SOURCE TheStreet, Inc.
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