NEW YORK, Oct. 28, 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 once again 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 remained unchanged ahead of the Federal Reserve's Open Market Committee's October meeting, where it is widely expected that the central bank will decide to end its monthly bond buying," TheStreet's Antoine Gara reported. "The Fed continues to closely monitor economic data in the U.S. and globally, with any negative trends likely to push back its timing of interest rate increases well into the second half of 2015."
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 Strength Rating |
Minimum to Earn Interest |
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 Strength Rating |
Minimum to Earn Interest |
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 Strength Rating |
Minimum to Earn Interest |
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 Strength Rating |
Minimum to Earn Interest |
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 Strength Rating |
Minimum to Earn Interest |
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 Strength Rating |
Minimum to Earn Interest |
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 Strength Rating |
Minimum to Earn Interest |
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 Strength Rating |
Minimum to Earn Interest |
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 |
|||
BayCoast Bank |
C- |
10 |
1.950 |
508-678-7641 |
|||
Nationwide Bank |
B |
10000 |
1.950 |
877-422-6569 |
|||
5 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
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]
Photo - http://photos.prnewswire.com/prnh/20140603/93856
Photo - http://photos.prnewswire.com/prnh/20130219/NY62571LOGO
SOURCE TheStreet, Inc.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article