NEW YORK, Nov. 19, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that the 5 Year CD national average lost the 1 basis point it had gained last week dropping back down to 1.16 as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.
"Five-year CD rates came down a basis point even as equities reached new highs," said Dan Freed, Senior Staff Reporter for TheStreet. "Shorter maturities were unchanged as fixed income yields remain punishingly low for savers by historical standards."
NATIONAL AVERAGE RESULTS - $10K
This |
Last |
|
Money Market |
0.15 |
0.15 |
1 month CD |
0.11 |
0.11 |
3 month CD |
0.15 |
0.15 |
6 month CD |
0.23 |
0.23 |
1 year CD |
0.36 |
0.36 |
2 year CD |
0.56 |
0.56 |
3 year CD |
0.76 |
0.76 |
4 year CD |
0.94 |
0.94 |
5 year CD |
1.16 |
1.17 |
* National Average is calculated using one unique rate per institution. Averages are based on Banks, Savings & Loans, Brokers and Internet Banks with assets greater than $1 Billion.
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 |
Minimum |
APY |
First NBC Bank |
B- |
10000 |
1.060 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
Salem Five Direct |
B |
1 |
1.000 |
800-850-5000 |
|||
www.salemfivedirect.com |
|||
Sallie Mae Bank |
A- |
1 |
0.900 |
877-346-2756 |
|||
www.salliemaebank.com |
|||
Ally Bank |
A- |
1 |
0.850 |
877-247-2559 |
|||
www.ally.com |
|||
Synchrony Bank |
C+ |
10000 |
0.850 |
866-869-4671 |
|||
www.myoptimizerplus.com |
|||
1 Month CD |
Financial |
Minimum |
APY |
Great Southern Bank |
B |
250 |
0.500 |
417-888-4316 |
|||
www.greatsouthernbank.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 |
|||
Merchants Bank of Indiana |
B |
1 |
0.350 |
765-874-2511 |
|||
www.merchantsbankofindiana.com |
|||
3 Month CD |
Financial |
Minimum |
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 |
B |
1 |
0.500 |
978-462-3106 |
|||
www.institutionforsavings.com |
|||
Great Southern Bank |
B |
250 |
0.500 |
417-888-4316 |
|||
www.greatsouthernbank.com |
|||
Doral Bank |
E+ |
500 |
0.500 |
850-914-2525 |
|||
www.doralbankflorida.com |
|||
6 Month CD |
Financial |
Minimum |
APY |
Doral Bank |
E+ |
500 |
0.950 |
850-447-3000 |
|||
www.doralbankflorida.com |
|||
Beal Bank USA |
B- |
1000 |
0.750 |
702-598-3500 |
|||
www.bealbank.com |
|||
Chartway Federal Credit Union |
C+ |
10000 |
0.750 |
800-678-8765 |
|||
www.chartway.com |
|||
GE Capital Bank |
A |
500 |
0.700 |
801-517-5000 |
|||
www.gecapitalbank.com |
|||
Colorado Federal Savings Bank |
B- |
5000 |
0.700 |
877-484-2372 |
|||
www.coloradofederalbank.com |
|||
1 Year CD |
Financial |
Minimum |
APY |
Sallie Mae Bank |
A- |
2500 |
1.150 |
877-346-2756 |
|||
www.salliemaebank.com |
|||
Nationwide Bank |
B |
10000 |
1.140 |
877-422-6569 |
|||
www.nationwide.com |
|||
GE Capital Bank |
A |
500 |
1.100 |
801-517-5000 |
|||
www.gecapitalbank.com |
|||
Doral Bank |
E+ |
500 |
1.100 |
850-447-3000 |
|||
www.doralbankflorida.com |
|||
Colorado Federal Savings Bank |
B- |
5000 |
1.100 |
877-484-2372 |
|||
www.coloradofederalbank.com |
|||
2 Year CD |
Financial |
Minimum |
APY |
Chartway Federal Credit Union |
C+ |
10000 |
1.510 |
800-678-8765 |
|||
www.chartway.com |
|||
iGObanking.com |
C+ |
1000 |
1.400 |
888-432-5890 |
|||
www.igobanking.com |
|||
Nationwide Bank |
B |
10000 |
1.330 |
877-422-6569 |
|||
www.nationwide.com |
|||
Doral Bank |
E+ |
500 |
1.300 |
850-447-3000 |
|||
www.doralbankflorida.com |
|||
First NBC Bank |
B- |
10000 |
1.260 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
3 Year CD |
Financial |
Minimum |
APY |
Oritani Savings Bank |
A- |
1000 |
1.500 |
201-664-5400 |
|||
www.oritani.com |
|||
Boiling Springs Savings Bank |
B- |
1000 |
1.500 |
201-939-6600 |
|||
www.bssbank.com |
|||
Charles Schwab |
U |
1000 |
1.500 |
800-435-4000 |
|||
www.schwabbank.com |
|||
Nationwide Bank |
B |
10000 |
1.500 |
877-422-6569 |
|||
www.nationwide.com |
|||
Chartway Federal Credit Union |
C+ |
10000 |
1.460 |
800-678-8765 |
|||
www.chartway.com |
|||
4 Year CD |
Financial |
Minimum |
APY |
Institution for Savings In |
B |
1 |
2.000 |
978-462-3106 |
|||
www.institutionforsavings.com |
|||
BayCoast Bank |
C- |
10 |
1.950 |
508-678-7641 |
|||
www.baycoastbank.com |
|||
Nationwide Bank |
B |
10000 |
1.950 |
877-422-6569 |
|||
www.nationwide.com |
|||
CIT Bank |
B+ |
1000 |
1.900 |
801-412-6800 |
|||
www.bankoncit.com |
|||
Charles Schwab |
U |
1000 |
1.900 |
800-435-4000 |
|||
www.schwabbank.com |
|||
5 Year CD |
Financial |
Minimum |
APY |
Chartway Federal Credit Union |
C+ |
10000 |
2.520 |
800-678-8765 |
|||
www.chartway.com |
|||
Nationwide Bank |
B |
10000 |
2.320 |
877-422-6569 |
|||
www.nationwide.com |
|||
Barclays Bank Delaware |
C |
1 |
2.250 |
888-710-8756 |
|||
www.banking.barclaysus.com |
|||
GE Capital Bank |
A |
500 |
2.250 |
801-517-5000 |
|||
www.gecapitalbank.com |
|||
CIT Bank |
B+ |
1000 |
2.250 |
801-412-6800 |
|||
www.bankoncit.com |
Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak, U=Unrated
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 97,000 financial institution locations across the United States. National Average is calculated using one unique rate per institution. Averages and Top Rate Issuers are based on Banks, Savings & Loans, Brokers and Internet Banks with assets greater than $1 Billion.
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 97,000 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 Scheer
TheStreet, Inc.
212-321-5521
[email protected]
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SOURCE TheStreet, Inc.
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