NEW YORK, Oct. 21, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for CD rates of all durations this week remained unchanged as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.
"National CD rates were unchanged after St. Louis Federal Reserve Bank Governor James Bullard told Bloomberg News the central bank should consider delaying an end to its monthly bond purchases, which are due to expire in October," TheStreet's Antoine Gara reported. "Those comments indicate that the Fed continues to closely monitor economic data in the U.S. and globally, with any negative trends likely to push back the Fed's timing of interest rate increases."
NATIONAL AVERAGE RESULTS - $10K |
||
This week |
Last week |
|
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 |
1.16 |
* 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 |
1.160 |
504-671-3550 |
|||
Salem Five Direct |
B |
1 |
1.000 |
800-850-5000 |
|||
Sallie Mae Bank |
A- |
1 |
0.900 |
877-346-2756 |
|||
Ally Bank |
A- |
1 |
0.850 |
877-247-2559 |
|||
Synchrony Bank |
C+ |
10000 |
0.850 |
866-869-4671 |
|||
1 Month CD |
Financial |
Minimum |
APY |
Great Southern Bank |
B |
250 |
0.500 |
417-888-4316 |
|||
Beal Bank USA |
B- |
1000 |
0.400 |
702-598-3500 |
|||
Umbrellabank.com |
C |
1000 |
0.400 |
866-862-7355 |
|||
Beal Bank, SSB |
C |
1000 |
0.400 |
619-894-8066 |
|||
Merchants Bank of Indiana |
B |
1 |
0.350 |
765-874-2511 |
|||
3 Month CD |
Financial |
Minimum |
APY |
Beal Bank USA |
B- |
1000 |
0.510 |
702-598-3500 |
|||
Umbrellabank.com |
C |
1000 |
0.510 |
866-862-7355 |
|||
Institution for Savings In Newburyport |
B |
1 |
0.500 |
978-462-3106 |
|||
Great Southern Bank |
B |
250 |
0.500 |
417-888-4316 |
|||
Doral Bank |
E+ |
500 |
0.500 |
850-914-2525 |
|||
6 Month CD |
Financial |
Minimum |
APY |
Atlas Bank, a division of Kearny Federal Savings |
C- |
2500 |
1.010 |
718-768-4800 |
|||
Doral Bank |
E+ |
500 |
0.950 |
850-914-2525 |
|||
Chartway Federal Credit Union |
C+ |
10000 |
0.850 |
800-678-8765 |
|||
Beal Bank USA |
B- |
1000 |
0.750 |
702-598-3500 |
|||
GE Capital Bank |
A |
500 |
0.700 |
801-517-5000 |
|||
1 Year CD |
Financial |
Minimum |
APY |
Nationwide Bank |
B |
10000 |
1.140 |
877-422-6569 |
|||
GE Capital Bank |
A |
500 |
1.100 |
801-517-5000 |
|||
Doral Bank |
E+ |
500 |
1.100 |
850-914-2525 |
|||
Colorado Federal Savings Bank |
B- |
5000 |
1.100 |
877-484-2372 |
|||
Bank Direct |
B |
10000 |
1.100 |
877-839-2737 |
|||
2 Year CD |
Financial |
Minimum |
APY |
Chartway Federal Credit Union |
C+ |
10000 |
1.510 |
800-678-8765 |
|||
Nationwide Bank |
B |
10000 |
1.330 |
877-422-6569 |
|||
Doral Bank |
E+ |
500 |
1.300 |
850-914-2525 |
|||
First NBC Bank |
B- |
10000 |
1.260 |
504-671-3550 |
|||
AmTrust Bank |
B |
500 |
1.250 |
305-695-0882 |
|||
3 Year CD |
Financial |
Minimum |
APY |
Chartway Federal Credit Union |
C+ |
10000 |
1.510 |
800-678-8765 |
|||
State Farm Bank, FSB |
C |
500 |
1.500 |
877-734-2265 |
|||
Doral Bank |
E+ |
500 |
1.500 |
850-914-2525 |
|||
Oritani Savings Bank |
A- |
1000 |
1.500 |
201-664-5400 |
|||
Boiling Springs Savings Bank |
B- |
1000 |
1.500 |
201-939-6600 |
|||
4 Year CD |
Financial |
Minimum |
APY |
Institution for Savings In Newburyport |
B |
1 |
2.000 |
978-462-3106 |
|||
State Farm Bank, FSB |
C |
500 |
2.000 |
877-734-2265 |
|||
Republic Bank of Chicago |
C- |
1000 |
2.000 |
773-581-4500 |
|||
Charles Schwab |
U |
1000 |
2.000 |
800-435-4000 |
|||
BayCoast Bank |
C- |
10 |
1.950 |
508-678-7641 |
|||
5 Year CD |
Financial |
Minimum |
APY |
Chartway Federal Credit Union |
C+ |
10000 |
2.520 |
800-678-8765 |
|||
Nationwide Bank |
B |
10000 |
2.320 |
877-422-6569 |
|||
Barclays Bank Delaware |
C |
1 |
2.250 |
888-710-8756 |
|||
GE Capital Bank |
A |
500 |
2.250 |
801-517-5000 |
|||
State Farm Bank, FSB |
C |
500 |
2.250 |
877-734-2265 |
|||
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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