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2014

CD Rates Stagnant As Central Bankers Remain Unsure About Rise In Federal Funds Rate

TheStreet and RateWatch Report Top National & Regional CD Rate Issuers

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NEW YORK, Oct. 8, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for 3-year CD rates gained this week as other CDs generally remained unchanged at record-low levels. The one basis point gain in 3-year CD rates this week erased last week's one basis point drop.

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"National averages have shown next to no change in the weeks since the Federal Reserve said it would maintain its current rate of economic stimulus – a move that signaled to savers that central bankers remain unsure as to when they may begin to raise the federal funds rate," reported Joe Deaux, TheStreet's Economics Analyst. "With uncertainty about the length of the government shutdown and a deal on the debt ceiling, financial analysts have said it is difficult to see the Fed tapering its stimulus program at the end of October."

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

0.51

0.50

4 year CD

0.63

0.63

5 year CD

0.82

0.82

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

Salem Five Direct

B-

1

0.900

800-850-5000

www.salemfivedirect.com

Mercantil Commercebank, National Association

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

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

A-

1

0.350

317-805-4300

www.merchantsbankofindiana.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

Beal Bank USA

B-

1000

0.750

702-598-3500

www.bealbank.com

GE Capital Bank

A

500

0.650

801-517-5000

www.gecapitalbank.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

Eloan.com

C-

10000

1.100

888-533-5333

www.eloan.com

GE Capital Bank

A

500

1.050

801-517-5000

www.gecapitalbank.com

Nationwide Bank

B+

10000

1.010

614-249-6226

www.nationwide.com

2 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest

($)

APY

(%)

Doral Bank

D-

500

1.450

212-584-6820

www.doralbankny.com

Flushing Commercial Bank

C+

5000

1.200

718-512-2929

www.flushingbank.com

GE Capital Bank

A

500

1.150

801-517-5000

www.gecapitalbank.com

Guaranty Bond Bank, National Association

B+

1000

1.150

903-572-9881

www.gnty.com

Emigrant Bank

C+

1000

1.150

212-850-4521

www.emigrant.com

3 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest

($)

APY

(%)

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

Intervest National Bank

C

2500

1.450

212-218-8383

www.intervestnatbank.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

U

1

2.000

508-895-1000

www.harborone.com

Doral Bank

D-

500

1.650

212-584-6820

www.doralbankny.com

iGObanking.com

C+

1000

1.650

888-432-5890

www.igobanking.com

Emigrant Bank

C+

1000

1.650

212-850-4521

www.emigrant.com

5 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest

($)

APY

(%)

Charles Schwab

U

1000

2.100

800-435-4000

www.schwabbank.com

EverBank

C

1500

2.010

888-882-3837

www.everbank.com

Institution for Savings In Newburyport

B

1

2.000

978-462-3106

www.institutionforsavings.com

Compass Bank

C

1

2.000

205-297-1986

www.bbvacompass.com

State Farm Bank, FSB

C

500

2.000

877-734-2265

www.statefarm.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 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.



RELATED LINKS
http://www.thestreet.com
http://www.rate-watch.com

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