2014

Support Grows For Scale Back Of Open-Ended Purchases Of Mortgage-Backed Securities & Longer-Term Treasuries TheStreet and RateWatch Report Top CD Rate Issuers

NEW YORK, April 16, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that while the average 4-year 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 released last week the minutes of its March policy-making meeting, which showed growing support of central bankers to scale back open-ended mortgage-backed securities & longer-term treasury purchases. "Economists are saying that Fed members already may have retraced their enthusiasm to slow or end monetary stimulus as a basket of weak U.S. economic data that emerged after the meeting suggested the recovery has remained soft," states TheStreet's Economist, Joe Deaux. "Continued weak data indicates that the Fed will remain committed to keeping interest rates low."

NATIONAL AVERAGE RESULTS - $10K


This week

Last week

Money Market

0.11

0.11

1 month CD

0.06

0.06

3 month CD

0.10

0.10

6 month CD

0.15

0.15

1 year CD

0.24

0.24

2 year CD

0.39

0.39

3 year CD

0.52

0.52

4 year CD

0.64

0.65

5 year CD

0.83

0.83

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

0.950

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

Beal Bank, SSB

C

1000

0.400

469-467-5000

www.bealbank.com

3 Month CD

Financial Strength Rating

Minimum to Earn Interest
($)

APY
(%)

Eloan.com

C-

10000

0.550

888-533-5333

www.eloan.com

Beal Bank, SSB

C

1000

0.511

713-888-3900

www.bealbank.com

Beal Bank USA

B-

1000

0.510

702-598-3500

www.bealbankusa.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

Green Bank, National Association

C+

1000

1.850

713-275-8370

www.greenbank.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. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, Chat on TheStreet, MainStreet and RateWatch. For more information on TheStreet's business, visit www.t.st. For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com, follow TheStreet on Facebook and Twitter, and access TheStreet through all major mobile and tablet platforms.  For more information on The Deal, visit www.thedeal.com.

Contact:

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

SOURCE TheStreet, Inc.



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