NEW YORK, Sept. 3, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today national averages for 5-year CD rates dipped incrementally this week, while all other CD rates generally remained unchanged at record-low levels.
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Regionally, Boston, New Haven and Philadelphia witnessed increases in rates among longer maturity dates offered, such as 2-,3-,4- and 5-year CDs. Dallas-area banks on average showed a reverse trend from the other regions as 4- and 5-year CD rates each dropped one basis point.
"CD rates were effectively unchanged from a week ago as banks took little action during one of the slowest business weeks of 2013," reported Joe Deaux, TheStreet's Economist. "September events could trigger more active rate changes as the Federal Reserve is expected to announce whether it will taper its economic stimulus program."
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 |
0.14 |
0.14 |
1 year CD |
0.23 |
0.23 |
2 year CD |
0.37 |
0.37 |
3 year CD |
0.50 |
0.50 |
4 year CD |
0.63 |
0.63 |
5 year CD |
0.80 |
0.81 |
BOSTON AVERAGE RESULTS - $10K
This week |
Last week |
|
Money Market |
0.13 |
0.13 |
1 month CD |
0.05 |
0.05 |
3 month CD |
0.13 |
0.12 |
6 month CD |
0.17 |
0.17 |
1 year CD |
0.28 |
0.28 |
2 year CD |
0.46 |
0.46 |
3 year CD |
0.58 |
0.58 |
4 year CD |
0.72 |
0.71 |
5 year CD |
0.85 |
0.84 |
NEW HAVEN AVERAGE RESULTS - $10K
This week |
Last week |
|
Money Market |
0.10 |
0.10 |
1 month CD |
0.06 |
0.06 |
3 month CD |
0.07 |
0.07 |
6 month CD |
0.09 |
0.09 |
1 year CD |
0.13 |
0.13 |
2 year CD |
0.24 |
0.24 |
3 year CD |
0.43 |
0.43 |
4 year CD |
0.56 |
0.56 |
5 year CD |
0.72 |
0.71 |
DALLAS AVERAGE RESULTS - $10K
This week |
Last week |
|
Money Market |
0.11 |
0.11 |
1 month CD |
0.06 |
0.06 |
3 month CD |
0.10 |
0.10 |
6 month CD |
0.16 |
0.16 |
1 year CD |
0.28 |
0.28 |
2 year CD |
0.42 |
0.42 |
3 year CD |
0.55 |
0.55 |
4 year CD |
0.65 |
0.66 |
5 year CD |
0.86 |
0.87 |
PHILADELPHIA AVERAGE RESULTS - $10K
This week |
Last week |
|
Money Market |
0.12 |
0.12 |
1 month CD |
0.06 |
0.06 |
3 month CD |
0.10 |
0.10 |
6 month CD |
0.14 |
0.14 |
1 year CD |
0.23 |
0.23 |
2 year CD |
0.38 |
0.37 |
3 year CD |
0.49 |
0.48 |
4 year CD |
0.65 |
0.64 |
5 year CD |
0.83 |
0.83 |
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.
Money Market |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
First NBC Bank |
B- |
10000 |
1.260 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
Doral Bank |
D- |
5000 |
0.950 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Sallie Mae Bank |
A- |
1 |
0.900 |
801-281-1423 |
|||
www.salliemaebank.com |
|||
Salem Five Direct |
B- |
1 |
0.900 |
800-850-5000 |
|||
www.salemfivedirect.com |
|||
Mercantil Commercebank, |
C |
10000 |
0.900 |
305-460-8701 |
|||
www.mercantilcb.com |
|||
1 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Pacific Trust Bank, FSB |
C+ |
1 |
0.800 |
877-441-2265 |
|||
www.pacifictrustbank.com |
|||
Carter Bank & Trust |
C+ |
2500 |
0.500 |
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 |
619-894-8066 |
|||
www.bealbank.com |
|||
3 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Pacific Trust Bank, FSB |
C+ |
1 |
0.800 |
877-441-2265 |
|||
www.pacifictrustbank.com |
|||
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 |
B |
1 |
0.500 |
978-462-3106 |
|||
www.institutionforsavings.com |
|||
Doral Bank |
D- |
500 |
0.500 |
850-914-2525 |
|||
www.doralbankflorida.com |
|||
6 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Doral Bank |
D- |
500 |
1.000 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Pacific Trust Bank, FSB |
C+ |
1 |
0.800 |
877-441-2265 |
|||
www.pacifictrustbank.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 |
|||
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 |
|||
Nationwide Bank |
B+ |
10000 |
0.960 |
614-249-6226 |
|||
www.nationwide.com |
|||
Ally Bank |
B+ |
1 |
0.940 |
877-247-2559 |
|||
www.ally.com |
|||
2 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Doral Bank |
D- |
500 |
1.450 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Salem Five Direct |
B- |
10000 |
1.250 |
800-850-5000 |
|||
www.salemfivedirect.com |
|||
Emigrant Bank |
C+ |
1000 |
1.150 |
212-850-4521 |
|||
www.emigrant.com |
|||
CapitalSource Bank |
B+ |
10000 |
1.150 |
888-433-4272 |
|||
www.capitalsourcebank.com |
|||
Nationwide Bank |
B+ |
10000 |
1.150 |
614-249-6226 |
|||
www.nationwide.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 |
|||
Salem Five Direct |
B- |
10000 |
1.500 |
800-850-5000 |
|||
www.salemfivedirect.com |
|||
Community Bank |
C+ |
1000 |
1.400 |
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 |
B |
1 |
2.000 |
978-462-3106 |
|||
www.institutionforsavings.com |
|||
HarborOne Bank |
U |
1 |
2.000 |
508-895-1000 |
|||
www.harboronecu.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 |
|||
Intervest National Bank |
C |
2500 |
1.600 |
212-218-8383 |
|||
www.intervestnatbank.com |
|||
5 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
iGObanking.com |
C+ |
1000 |
2.050 |
888-432-5890 |
|||
www.igobanking.com |
|||
Institution for Savings In |
B |
1 |
2.000 |
978-462-3106 |
|||
www.institutionforsavings.com |
|||
Hingham Institution for Savings |
B |
500 |
2.000 |
781-749-2200 |
|||
www.hinghamsavings.com |
|||
MidFirst Bank |
B |
500 |
2.000 |
602-801-5000 |
|||
www.midfirst.com |
|||
OmniAmerican Bank |
C+ |
1000 |
2.000 |
817-246-0111 |
|||
www.omniamerican.com |
Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak, U=Unrated (new charter)
Plus sign "+" = top of range, Minus sign "-" = bottom of range
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:
Emily Schneider
TheStreet, Inc.
212-321-5521
[email protected]
Joe Deaux
TheStreet, Inc.
212-321-5086
[email protected]
SOURCE TheStreet, Inc.
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