CD Rates See Slight Decline
TheStreet and RateWatch Report Top National & Regional CD Rate Issuers
NEW YORK, March 10, 2015 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for the 3 month CD decreased by 0.01% this week as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.
"CD rates saw a slight decline over the past week," said Scott Gamm, reporter with TheStreet.com. "Investors will be watching next week's March meeting of the Federal Open Market Committee to see if the central bank removes the 'patience' language from its statement, which would make a summer rake hike more probable."
NATIONAL AVERAGE RESULTS - $10K
|
National Average Results -10K |
||
|
This week |
Last week | |
|
Money Market |
0.15 |
0.15 |
|
1 month CD |
0.11 |
0.11 |
|
3 month CD |
0.14 |
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 |
0.77 |
0.77 |
|
4 year CD |
0.95 |
0.95 |
|
5 year CD |
1.17 |
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.
|
Top Rate Issuers - $10K 03/10/15 |
|||
|
Money Market |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Salem Five Direct |
B |
1 |
1.050 |
|
800-850-5000 | |||
|
www.salemfivedirect.com | |||
|
First NBC Bank |
B- |
10000 |
1.010 |
|
504-671-3550 | |||
|
www.firstnbcbank.com | |||
|
CrossFirst Bank |
C+ |
1 |
1.000 |
|
316-925-4800 | |||
|
www.crossfirstbank.com | |||
|
Sallie Mae Bank |
A- |
1 |
0.900 |
|
877-346-2756 | |||
|
www.salliemaebank.com | |||
|
Ally Bank |
A- |
1 |
0.850 |
|
704-444-4752 | |||
|
www.ally.com | |||
|
1 Month CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Great Southern Bank |
B |
250 |
0.500 |
|
417-888-4316 | |||
|
www.greatsouthernbank.com | |||
|
Carter Bank & Trust |
C+ |
2500 |
0.450 |
|
276-632-2901 | |||
|
www.carterbankandtrust.com | |||
|
Umbrellabank.com |
C |
1000 |
0.400 |
|
866-862-7355 | |||
|
www.umbrellabank.com | |||
|
Beal Bank, SSB |
C |
1000 |
0.400 |
|
619-894-8066 | |||
|
www.bealbank.com | |||
|
Beal Bank USA |
B- |
1000 |
0.360 |
|
602-714-3838 | |||
|
www.bealbank.com | |||
|
3 Month CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Beal Bank USA |
B- |
1000 |
0.510 |
|
602-714-3838 | |||
|
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 | |||
|
Great Southern Bank |
B |
250 |
0.500 |
|
417-888-4316 | |||
|
www.greatsouthernbank.com | |||
|
BAC Florida Bank |
C- |
10000 |
0.500 |
|
305-789-7000 | |||
|
www.bacflorida.com | |||
|
6 Month CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
GE Capital Bank |
A |
500 |
0.700 |
|
801-517-5000 | |||
|
www.gecapitalbank.com | |||
|
Beal Bank USA |
B- |
1000 |
0.700 |
|
602-714-3838 | |||
|
www.bealbank.com | |||
|
Colorado Federal Savings Bank |
B- |
5000 |
0.700 |
|
877-484-2372 | |||
|
www.coloradofederalbank.com | |||
|
Discover Bank |
C |
500 |
0.650 |
|
888-765-6654 | |||
|
www.discoverbank.com | |||
|
Carter Bank & Trust |
C+ |
2500 |
0.650 |
|
276-632-2901 | |||
|
www.carterbankandtrust.com | |||
|
1 Year CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Bank Direct |
B- |
10000 |
1.210 |
|
877-839-2737 | |||
|
www.bankdirect.com | |||
|
CIT Bank |
B |
1000 |
1.200 |
|
801-412-6800 | |||
|
www.bankoncit.com | |||
|
Synchrony Bank |
C+ |
2000 |
1.200 |
|
866-869-4671 | |||
|
www.myoptimizerplus.com | |||
|
VirtualBank |
B |
10000 |
1.160 |
|
561-776-8860 | |||
|
www.virtualbank.com | |||
|
Sallie Mae Bank |
A- |
2500 |
1.150 |
|
877-346-2756 | |||
|
www.salliemaebank.com | |||
|
2 Year CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Synchrony Bank |
C+ |
2000 |
1.350 |
|
866-869-4671 | |||
|
www.myoptimizerplus.com | |||
|
GE Capital Bank |
A |
500 |
1.300 |
|
801-517-5000 | |||
|
www.gecapitalbank.com | |||
|
Nationwide Bank |
B |
10000 |
1.300 |
|
877-422-6569 | |||
|
www.nationwide.com | |||
|
Ally Bank |
A- |
1 |
1.290 |
|
704-444-4752 | |||
|
www.ally.com | |||
|
VirtualBank |
B |
10000 |
1.260 |
|
561-776-8860 | |||
|
www.virtualbank.com | |||
|
3 Year CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
First NBC Bank |
B- |
10000 |
1.770 |
|
504-671-3550 | |||
|
www.firstnbcbank.com | |||
|
Bank of Utica |
A |
500 |
1.500 |
|
315-797-2700 | |||
|
www.bankofutica.com | |||
|
Oritani Savings Bank |
A- |
1000 |
1.500 |
|
201-664-5400 | |||
|
www.oritani.com | |||
|
Capitol Federal Savings Bank |
B |
1000 |
1.500 |
|
785-235-1341 | |||
|
www.capfed.com | |||
|
Boiling Springs Savings Bank |
B- |
1000 |
1.500 |
|
201-939-6600 | |||
|
www.bssbank.com | |||
|
4 Year CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Institution for Savings In Newburyport |
B |
1 |
2.000 |
|
978-462-3106 | |||
|
www.institutionforsavings.com | |||
|
Bank of Utica |
A |
500 |
2.000 |
|
315-797-2700 | |||
|
www.bankofutica.com | |||
|
BayCoast Bank |
C- |
10 |
1.950 |
|
508-678-7641 | |||
|
www.baycoastbank.com | |||
|
Nationwide Bank |
B |
10000 |
1.900 |
|
877-422-6569 | |||
|
www.nationwide.com | |||
|
Barclays Bank Delaware |
C |
1 |
1.850 |
|
888-710-8756 | |||
|
www.banking.barclaysus.com | |||
|
5 Year CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Bank of Utica |
A |
500 |
2.500 |
|
315-797-2700 | |||
|
www.bankofutica.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 | |||
|
Northfield Bank |
B |
2500 |
2.250 |
|
718-448-1000 | |||
|
www.enorthfield.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
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