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      Average CD Rates Dropped .10 Percentage Points Since January

      TheStreet and RateWatch Report Top CD Rate Issuers

      TheStreet

      News provided by

      TheStreet

      Jun 11, 2013, 05:30 ET

      Share this article

      Share this article


      NEW YORK, June 11, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today  the average 2- and 5-year CD rates dipped incrementally as national averages generally remained unchanged at record-low levels. The average 5-year CD rate has dropped about 0.10 percentage points since the beginning of the year as it is now at 0.8%.

      (Logo:  http://photos.prnewswire.com/prnh/20130219/NY62571LOGO )
      (Logo:  http://photos.prnewswire.com/prnh/20130102/NY35868LOGO-b )

      Continue Reading
      TheStreet
      TheStreet

      The Federal Reserve on June 19 will release a policy statement and economic projections and Chairman Ben Bernanke will hold a press conference after those reports. "Economists and analysts are concentrated on when the central bank will start to scale back its $85 billion in monthly purchases of mortgage-backed securities and longer-term Treasuries," says Joe Deaux, TheStreet's Economist. "According to one analyst the movement in interest rates is more dependent on Fed language than on economic data."

      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

      0.38

      3 year CD

      0.50

      0.50

      4 year CD

      0.63

      0.63

      5 year CD

      0.80

      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

      (%)

      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

      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

      Institution for Savings In Newburyport

      B

      1

      0.500

      978-462-3106

      www.institutionforsavings.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

      CapitalSource Bank

      B

      10000

      1.010

      888-433-4272

      www.capitalsourcebank.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

      Signature Bank

      A-

      5000

      1.110

      646-822-1500

      www.signatureny.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

      Customers Bank

      D+

      500

      1.500

      610-933-2000

      www.customersbank.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 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:
      Erin Corcoran
      TheStreet, Inc.
      212-321-5566
      [email protected]

      SOURCE TheStreet

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