NEW YORK, April 29, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today reported that national averages this week for CD rates all durations remained unchanged as the Federal Reserve has continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.
"For the second week in a row, CD rates remained unchanged as savers are anticipating midweek for the central bank to deliver its latest policy-making statement," reported Joe Deaux, Economics Analyst for TheStreet. "Most economists expect the Fed will continue to draw down its monthly asset purchases as part of its economic stimulus program. Savers will also look for any tweaked guidance as to when central bankers expect to begin raising interest rates, which currently is set for sometime in 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 |
0.55 |
0.55 |
3 year CD |
0.75 |
0.75 |
4 year CD |
0.93 |
0.93 |
5 year CD |
1.14 |
1.14 |
* 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 |
1.260 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
Salem Five Direct |
B |
1 |
1.000 |
800-850-5000 |
|||
www.salemfivedirect.com |
|||
Doral Bank |
D- |
1 |
0.930 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Sallie Mae Bank |
A- |
1 |
0.900 |
877-346-2756 |
|||
www.salliemaebank.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 |
Beal Bank USA |
C+ |
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 |
765-874-2511 |
|||
www.merchantsbankofindiana.com |
|||
Pinnacle Bank |
B+ |
500 |
0.350 |
402-454-6515 |
|||
www.pinnbank.com |
|||
3 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Beal Bank USA |
C+ |
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 |
|||
Firstbank Florida |
D |
1000 |
0.500 |
305-740-9522 |
|||
www.firstbankfla.com |
|||
6 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Doral Bank |
D- |
500 |
1.000 |
850-447-3000 |
|||
www.doralbankflorida.com |
|||
Beal Bank USA |
C+ |
1000 |
0.750 |
702-598-3500 |
|||
www.bealbank.com |
|||
GE Capital Bank |
A |
500 |
0.700 |
801-517-5000 |
|||
www.gecapitalbank.com |
|||
National Republic Bank of Chicago |
D- |
1000 |
0.700 |
312-738-4900 |
|||
www.nrbchicago.com |
|||
Colorado Federal Savings Bank |
B- |
5000 |
0.700 |
877-484-2372 |
|||
www.coloradofederalbank.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 |
C+ |
1000 |
1.110 |
786-347-3601 |
|||
www.bealbank.com |
|||
VirtualBank |
B |
10000 |
1.070 |
561-776-8860 |
|||
www.virtualbank.com |
|||
EverBank |
B- |
1500 |
1.060 |
888-882-3837 |
|||
www.everbank.com |
|||
GE Capital Bank |
A |
500 |
1.050 |
801-517-5000 |
|||
www.gecapitalbank.com |
|||
2 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Doral Bank |
D- |
500 |
1.450 |
212-584-6820 |
|||
www.doralbankny.com |
|||
VirtualBank |
B |
10000 |
1.260 |
561-776-8860 |
|||
www.virtualbank.com |
|||
Salem Five Direct |
B |
10000 |
1.250 |
800-850-5000 |
|||
www.salemfivedirect.com |
|||
Cape Bank |
C+ |
500 |
1.200 |
609-465-5788 |
|||
www.capebanknj.com |
|||
CIT Bank |
B+ |
1000 |
1.170 |
801-412-6800 |
|||
www.bankoncit.com |
|||
3 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Northern Bank & Trust Company |
B- |
500 |
1.600 |
781-937-5423 |
|||
www.nbtc.com |
|||
Doral Bank |
D- |
500 |
1.600 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Oritani Savings Bank |
B+ |
1000 |
1.500 |
201-664-5400 |
|||
www.oritani.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 |
|||
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 |
|||
EverBank |
B- |
1500 |
1.780 |
888-882-3837 |
|||
www.everbank.com |
|||
Oritani Savings Bank |
B+ |
1000 |
1.750 |
201-664-5400 |
|||
www.oritani.com |
|||
Nationwide Bank |
B |
10000 |
1.740 |
877-422-6569 |
|||
www.nationwide.com |
|||
Barclays Bank Delaware |
C+ |
1 |
1.700 |
888-710-8756 |
|||
www.banking.barclaysus.com |
|||
5 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
EverBank |
B- |
1500 |
2.270 |
888-882-3837 |
|||
www.everbank.com |
|||
CIT Bank |
B+ |
1000 |
2.251 |
801-412-6800 |
|||
www.bankoncit.com |
|||
Barclays Bank Delaware |
C+ |
1 |
2.250 |
888-710-8756 |
|||
www.banking.barclaysus.com |
|||
GE Capital Retail Bank |
C+ |
2000 |
2.250 |
866-869-4671 |
|||
www.gecrb.com |
|||
First Republic Bank |
B+ |
5000 |
2.250 |
415-392-1400 |
|||
www.firstrepublic.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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Contact:
Emily Scheer
TheStreet, Inc.
212-321-5521
[email protected]
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SOURCE TheStreet, Inc.
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