2014

As CD Rates Remain At Record-Level Lows, Savers Await Clues From Upcoming Fed Statement TheStreet and RateWatch Report Top CD Rate Issuers

NEW YORK, July 30, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today for the second consecutive week, national averages generally remained unchanged at record-low levels. Investor attention turns back to the Federal Reserve this week as the central bank releases another policy-making statement.

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"Savers should listen for any clues as to when the Fed may want to taper its monetary stimulus, but don't expect for those clues to translate into higher CD rates," reported Joe Deaux, TheStreet's Economist. "We've mentioned that the higher CD rates are coming from regional banks due to their hope to attract more depositors, but the national financial institutions appear unlikely to budge any time soon."

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

0.23

2 year CD

0.37

0.37

3 year CD

0.50

0.50

4 year CD

0.62

0.62

5 year CD

0.81

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.

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

0.940

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

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

469-467-5000

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 Newburyport

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

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

Signature Bank

A-

5000

1.110

646-822-1500

www.signatureny.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

Boiling Springs Savings Bank

C

1000

1.500

201-939-6600

www.bssbank.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 Newburyport

B

1

2.000

978-462-3106

www.institutionforsavings.com

HarborOne Bank


1

2.000

508-895-1000

www.harboronecu.com

Boiling Springs Savings Bank

C

1000

1.750

201-939-6600

www.bssbank.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

5 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

EverBank

C

1500

2.060

888-882-3837

www.everbank.com

Institution for Savings In Newburyport

B

1

2.000

978-462-3106

www.institutionforsavings.com

Hingham Institution for Savings

B

500

2.000

781-749-2200

www.hinghamsavings.com

Boiling Springs Savings Bank

C

1000

2.000

201-939-6600

www.bssbank.com

First NBC Bank

B-

10000

1.970

504-671-3550

www.firstnbcbank.com

 Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak
                                                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
emily.schneider@thestreet.com
Joe Deaux
TheStreet, Inc.
212-321-5086
joseph.deaux@thestreet.com

SOURCE TheStreet, Inc.



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