CD Rates Unlikely To Rise Significantly Through Third Quarter TheStreet and RateWatch Report Top CD Rate Issuers

NEW YORK, July 16, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today the average 5-year CD rate gained incrementally and the average 4-year CD rate slightly slipped as national averages generally remained unchanged at record-low levels.

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"CD rates haven't shown meaningful improvement during the summer months, and it's unlikely that savers will witness a huge uptick through the third quarter of this year," reports Joe Deaux, TheStreet's Economist. "Though the Federal Reserve appears poised to begin tapering monetary stimulus in September and mortgage rates continue to rise on a strengthening housing market, CDs are flat. For higher rates, savers can turn to some regional banks, but in the near term it is unlikely that the larger, more stable financial institutions will offer more appealing CD rates to depositors."

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

0.15

0.15

1 year CD

0.23

0.23

2 year CD

0.37

0.37

3 year CD

0.50

0.50

4 year CD

0.62

0.63

5 year CD

0.81

0.80

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

Mercantil Commercebank, National Association

C

10000

0.900

305-460-8701

www.mercantilcb.com

Ally Bank

B+

1

0.840

877-247-2559

www.ally.com

1 Month CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

Carter Bank & Trust

C+

2500

0.500

276-632-2901

www.carterbankandtrust.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

469-467-5000

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
(%)

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

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

212-584-6820

www.doralbankny.com

CapitalSource Bank

B+

10000

0.800

888-433-4272

www.capitalsourcebank.com

Beal Bank USA

B-

1000

0.750

702-598-3500

www.bealbank.com

Discover Bank

C+

2500

0.650

888-765-6654

www.discoverbank.com

VirtualBank

B-

10000

0.650

561-776-8860

www.virtualbank.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

CapitalSource Bank

B+

10000

1.010

888-433-4272

www.capitalsourcebank.com

Ally Bank

B+

1

0.940

877-247-2559

www.ally.com

CIT Bank

B+

1000

0.900

801-412-6800

www.bankoncit.com

2 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

Doral Bank

D-

500

1.450

212-584-6820

www.doralbankny.com

Emigrant Bank

C+

1000

1.150

212-850-4521

www.emigrant.com

First Republic Bank

B+

5000

1.150

415-392-1400

www.firstrepublic.com

CapitalSource Bank

B+

10000

1.150

888-433-4272

www.capitalsourcebank.com

AmTrust Bank

C

500

1.110

480-970-6500

www.amtrust.com

3 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

First NBC Bank

B-

10000

1.820

504-671-3550

www.firstnbcbank.com

Doral Bank

D-

500

1.600

212-584-6820

www.doralbankny.com

Boiling Springs Savings Bank

C

1000

1.500

201-939-6600

www.bssbank.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

Boiling Springs Savings Bank

C

1000

1.750

201-939-6600

www.bssbank.com

Doral Bank

D-

500

1.650

212-584-6820

www.doralbankny.com

Emigrant Bank

C+

1000

1.650

212-850-4521

www.emigrant.com

Yakima Federal Savings & Loan Association

A

10000

1.550

509-248-2634

www.yakimafed.com

5 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

Hingham Institution for Savings

B

500

2.000

781-749-2200

www.hinghamsavings.com

Boiling Springs Savings Bank

C

1000

2.000

201-939-6600

www.bssbank.com

First Republic Bank

B+

5000

2.000

415-392-1400

www.firstrepublic.com

First NBC Bank

B-

10000

1.970

504-671-3550

www.firstnbcbank.com

Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak
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.



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