CD Rates Remain Unchanged

TheStreet and RateWatch Report Top National & Regional CD Rate Issuers

May 19, 2015, 15:34 ET from TheStreet, Inc.

NEW YORK, May 19, 2015 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for CD rates of all durations this week remained unchanged as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.

"CD rates showed no increase this week," said Scott Gamm, TheStreet Economics Reporter. "Investors will be watching to see if the Federal Reserve reveals any clues on when it expects to hike short-term interest rates, when the minutes of its April meeting are released on Wednesday afternoon. The minutes also gives investors a summary of what central bankers discussed during its last meeting."

NATIONAL AVERAGE RESULTS - $10K

This week

Last week

Money Market

0.15

0.15

1 month CD

0.11

0.11

3 month CD

0.15

0.15

6 month CD

0.23

0.23

1 year CD

0.36

0.36

2 year CD

0.57

0.57

3 year CD

0.77

0.77

4 year CD

0.95

0.95

5 year CD

1.18

1.18

 

* National Average is calculated using one unique rate per institution. Averages are based on Banks, Savings & Loans, Brokers and Internet Banks with assets greater than $1 Billion.

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 (%)

Salem Five Direct

B

1

1.100

800-850-5000

www.salemfivedirect.com

First NBC Bank

B-

10000

1.010

504-671-3550

www.firstnbcbank.com

CrossFirst Bank

C+

1

1.000

316-925-4800

www.crossfirstbank.com

Incredible Bank

C+

1

0.950

877-261-4750

www.incrediblebank.com

Sallie Mae Bank

A-

1

0.900

877-346-2756

www.salliemaebank.com

1 Month CD

Financial Strength Rating

Minimum to Earn Interest ($)

APY (%)

Carter Bank & Trust

C+

2500

0.550

276-632-2901

www.carterbankandtrust.com

Great Southern Bank

B

250

0.500

417-888-4316

www.greatsouthernbank.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

Beal Bank USA

C+

1000

0.360

602-714-3838

www.bealbank.com

3 Month CD

Financial Strength Rating

Minimum to Earn Interest ($)

APY (%)

Carter Bank & Trust

C+

2500

0.550

276-632-2901

www.carterbankandtrust.com

Beal Bank USA

C+

1000

0.510

602-714-3838

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

Great Southern Bank

B

250

0.500

417-888-4316

www.greatsouthernbank.com

6 Month CD

Financial Strength Rating

Minimum to Earn Interest ($)

APY (%)

GE Capital Bank

A

500

0.700

801-517-5000

www.gecapitalbank.com

Beal Bank USA

C+

1000

0.700

602-714-3838

www.bealbank.com

Carter Bank & Trust

C+

2500

0.700

276-632-2901

www.carterbankandtrust.com

Colorado Federal Savings Bank

B

5000

0.700

877-484-2372

www.coloradofederalbank.com

Discover Bank

C

500

0.650

888-765-6654

www.discoverbank.com

1 Year CD

Financial Strength Rating

Minimum to Earn Interest ($)

APY (%)

Colorado Federal Savings Bank

B

5000

1.350

877-484-2372

www.coloradofederalbank.com

Synchrony Bank

C+

2000

1.230

866-869-4671

www.myoptimizerplus.com

Bank Direct

B-

10000

1.210

877-839-2737

www.bankdirect.com

CIT Bank

B

1000

1.200

801-412-6800

www.bankoncit.com

VirtualBank

B-

10000

1.160

561-776-8860

www.virtualbank.com

2 Year CD

Financial Strength Rating

Minimum to Earn Interest ($)

APY (%)

Barclays Bank Delaware

C

1

1.350

888-710-8756

www.banking.barclaysus.com

iGObanking.com

B-

1000

1.350

888-432-5890

www.igobanking.com

Synchrony Bank

C+

2000

1.350

866-869-4671

www.myoptimizerplus.com

NexBank, SSB

B+

10000

1.350

214-234-7280

www.nexbank.com

Ally Bank

A-

1

1.290

704-444-4752

www.ally.com

3 Year CD

Financial Strength Rating

Minimum to Earn Interest ($)

APY (%)

First NBC Bank

B-

10000

1.770

504-671-3550

www.firstnbcbank.com

Oritani Savings Bank

A-

1000

1.500

201-664-5400

www.oritani.com

Capitol Federal Savings Bank

B

1000

1.500

785-235-1341

www.capfed.com

Synchrony Bank

C+

2000

1.500

866-869-4671

www.myoptimizerplus.com

First Republic Bank

B+

10000

1.500

617-330-1288

www.firstrepublic.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

BayCoast Bank

C-

10

1.950

508-678-7641

www.baycoastbank.com

Nationwide Bank

B

10000

1.860

877-422-6569

www.nationwide.com

Barclays Bank Delaware

C

1

1.850

888-710-8756

www.banking.barclaysus.com

CIT Bank

B

1000

1.820

801-412-6800

www.bankoncit.com

5 Year CD

Financial Strength Rating

Minimum to Earn Interest ($)

APY (%)

Barclays Bank Delaware

C

1

2.250

888-710-8756

www.banking.barclaysus.com

Compass Bank

C+

1

2.200

334-409-7310

www.bbvacompass.com

CIT Bank

B

1000

2.200

801-412-6800

www.bankoncit.com

Synchrony Bank

C+

2000

2.200

866-869-4671

www.myoptimizerplus.com

First Republic Bank

B+

10000

2.200

415-392-1400

www.firstrepublic.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 97,000 financial institution locations across the United States. National Average is calculated using one unique rate per institution. Averages and Top Rate Issuers are based on Banks, Savings & Loans, Brokers and Internet Banks with assets greater than $1 Billion.

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 97,000 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:

Scott Gamm TheStreet, Inc. Scott.Gamm@thestreet.com

 

 

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SOURCE TheStreet, Inc.



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