Economists forecast central bank will leave the federal funds target rate unchanged TheStreet and RateWatch Report Top CD Rate Issuers

NEW YORK, April 30, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that while the average 3-month CD rate this week decreased incrementally, national averages generally remained unchanged at record-low levels. The Federal Reserve has continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.

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The Federal Reserve expects to report a policy-making announcement on Wednesday. TheStreet's economist, Joe Deaux, states "Details from the March meeting revealed that a growing number of members were considering the idea of scaling back the Fed's purchasing programs, but a raft of soft economic data in April has led many economists to predict that members may rebuff the idea."

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

0.10

6 month CD

0.15

0.15

1 year CD

0.24

0.24

2 year CD

0.38

0.38

3 year CD

0.51

0.51

4 year CD

0.64

0.64

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
(%)

Mercantil Commercebank, National Association

C

10000

1.000

305-460-8701

www.mercantilcb.com

Sallie Mae Bank

A-

1

0.900

801-281-1423

www.salliemaebank.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.bealbankusa.com

Umbrellabank.com

C

1000

0.400

866-862-7355

www.umbrellabank.com

3 Month CD

Financial

Strength

Rating

Minimum

 to Earn

Interest
($)

APY
(%)

Beal Bank USA

B-

1000

0.510

702-598-3500

www.bealbankusa.com

Umbrellabank.com

C

1000

0.510

866-862-7355

www.umbrellabank.com

Beal Bank, SSB

C

1000

0.510

469-467-5000

www.bealbank.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.bealbankusa.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.bealbankusa.com

CIT Bank

B+

1000

1.010

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

Nationwide Bank

B+

10000

1.200

614-249-6226

www.nationwide.com

VirtualBank

C+

10000

1.160

561-776-8860

www.virtualbank.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

1.550

212-584-6820

www.doralbankny.com

Community Bank

C

1000

1.450

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

Doral Bank

D-

500

1.650

212-584-6820

www.doralbankny.com

Emigrant Bank

C+

1000

1.650

212-850-4521

www.emigrant.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

First NBC Bank

B-

10000

1.970

504-671-3550

www.firstnbcbank.com

Doral Bank

D-

500

1.850

212-584-6820

www.doralbankny.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 90,000 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 90,000 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 Rate-Watch. 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:

Erin Corcoran
TheStreet, Inc.
212-321-5566
erin.corcoran@thestreet.com

SOURCE TheStreet, Inc.



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