Upward Moves In 5-Year And 3-Year CD Rates Suggest Favorable Lending Environment

TheStreet and RateWatch Report Top National & Regional CD Rate Issuers

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Jan 21, 2014, 02:29 ET

NEW YORK, Jan. 21, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for 5-year and 3-year CD rates each increased this week by a basis point, while other 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.

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"Upward moves in the 5-year and 3-year CD rates may suggest that banks are beginning to forecast that the Fed will raise its benchmark interest rate over the next few years, making the lending environment more favorable for the financial services sector," reported Joe Deaux, TheStreet's Economics Analyst. "Should the Fed signal another cutback next week in its economic stimulus program, savers should grow more confident that CD rates slowly will start to rise."

NATIONAL AVERAGE RESULTS - $10K

	This week	Last week
Money Market	0.10	0.10
1 month CD	0.06	0.06
3 month CD	0.09	0.09
6 month CD	0.14	0.14
1 year CD	0.23	0.23
2 year CD	0.37	0.37
3 year CD	0.51	0.50
4 year CD	0.63	0.63
5 year CD	0.82	0.81

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 ($)	APY (%)
First NBC Bank	B-	10000	1.260
504-671-3550
www.firstnbcbank.com
Doral Bank	D-	5000	0.940
212-584-6820
www.doralbankny.com
Sallie Mae Bank	A-	1	0.900
801-281-1423
www.salliemaebank.com
Salem Five Direct	B	1	0.900
800-850-5000
www.salemfivedirect.com
Mercantil Commercebank, National Association	C	10000	0.900
305-460-8701
www.mercantilcb.com
1 Month CD	Financial Strength Rating	Minimum to Earn Interest ($)	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
212-584-6820
www.doralbankny.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
Discover Bank	C	500	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 ($)	APY (%)
Doral Bank	D-	500	1.200
212-584-6820
www.doralbankny.com
Beal Bank USA	C+	1000	1.110
786-347-3601
www.bealbank.com
CIT Bank	B+	1000	1.020
801-412-6800
www.bankoncit.com
GE Capital Bank	A	500	1.000
801-517-5000
www.gecapitalbank.com
Ally Bank	B+	1	0.990
877-247-2559
www.ally.com
2 Year CD	Financial Strength Rating	Minimum to Earn Interest ($)	APY (%)
Doral Bank	D-	500	1.450
212-584-6820
www.doralbankny.com
CIT Bank	B+	1000	1.170
801-412-6800
www.bankoncit.com
GE Capital Bank	A	500	1.150
801-517-5000
www.gecapitalbank.com
Guaranty Bond Bank, National Association	B+	1000	1.150
903-572-9881
www.gnty.com
Emigrant Bank	C-	1000	1.150
212-850-4521
www.emigrant.com
3 Year CD	Financial Strength Rating	Minimum to Earn Interest ($)	APY (%)
Northern Bank & Trust Company	C+	500	1.600
781-937-5423
www.nbtc.com
Doral Bank	D-	500	1.600
212-584-6820
www.doralbankny.com
Intervest National Bank	C-	2500	1.450
212-218-8383
www.intervestnatbank.com
Boiling Springs Savings Bank	C+	1000	1.400
201-939-6600
www.bssbank.com
Community Bank	C-	1000	1.400
800-239-9427
www.dodcommunitybank.com
4 Year CD	Financial Strength Rating	Minimum to Earn Interest ($)	APY (%)
Institution for Savings In Newburyport	B	1	2.000
978-462-3106
www.institutionforsavings.com
HarborOne Bank	U	1	2.000
508-895-1000
www.harborone.com
EverBank	C+	1500	1.680
888-882-3837
www.everbank.com
Nationwide Bank	B	10000	1.670
614-249-6226
www.nationwide.com
Doral Bank	D-	500	1.650
212-584-6820
www.doralbankny.com
5 Year CD	Financial Strength Rating	Minimum to Earn Interest ($)	APY (%)
EverBank	C+	1500	2.160
888-882-3837
www.everbank.com
iGObanking.com	C+	1000	2.150
888-432-5890
www.igobanking.com
Flushing Commercial Bank	C+	5000	2.150
718-512-2929
www.flushingbank.com
Dime Savings Bank of Williamsburgh	B-	500	2.100
718-782-6200
www.dsbwdirect.com
State Farm Bank, FSB	C	500	2.050
877-734-2265
www.statefarm.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 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
[email protected]

Joe Deaux
TheStreet, Inc.
212-321-5086
[email protected]

SOURCE TheStreet, Inc.