CD Rates Unchanged As Market Participants Await Central Bank's Guidance
TheStreet and RateWatch Report Top National & Regional CD Rate Issuers
NEW YORK, Aug. 20, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for CD rates generally remained unchanged at record-low levels.
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"CD rates were effectively unchanged from a week ago as market participants await the central bank's direct guidance for when it will begin to taper monetary stimulus," said Joe Deaux, TheStreet's Economist. "Until then, markets appear to be stuck in a holding pattern."
Regionally, bank CD rates offered in the Dallas and Philadelphia areas remained in line with the unaffected national averages, while the New Haven region banks saw slight increases across various rates. An average of Boston CD rates saw 5-years gain a basis point and the 6-months drop to 0.18% from 0.19%.
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 |
0.37 |
| 3 year CD |
0.50 |
0.50 |
| 4 year CD |
0.63 |
0.63 |
| 5 year CD |
0.81 |
0.81 |
BOSTON AVERAGE RESULTS - $10K
| This week |
Last week |
|
| Money Market |
0.13 |
0.13 |
| 1 month CD |
0.06 |
0.06 |
| 3 month CD |
0.13 |
0.13 |
| 6 month CD |
0.18 |
0.19 |
| 1 year CD |
0.28 |
0.28 |
| 2 year CD |
0.46 |
0.46 |
| 3 year CD |
0.58 |
0.58 |
| 4 year CD |
0.71 |
0.71 |
| 5 year CD |
0.86 |
0.85 |
NEW HAVEN AVERAGE RESULTS - $10K
| This week |
Last week |
|
| Money Market |
0.10 |
0.09 |
| 1 month CD |
0.06 |
0.06 |
| 3 month CD |
0.07 |
0.07 |
| 6 month CD |
0.09 |
0.09 |
| 1 year CD |
0.14 |
0.13 |
| 2 year CD |
0.24 |
0.24 |
| 3 year CD |
0.43 |
0.42 |
| 4 year CD |
0.56 |
0.55 |
| 5 year CD |
0.72 |
0.72 |
DALLAS AVERAGE RESULTS - $10K
| This week |
Last week |
|
| Money Market |
0.11 |
0.11 |
| 1 month CD |
0.07 |
0.07 |
| 3 month CD |
0.10 |
0.10 |
| 6 month CD |
0.16 |
0.16 |
| 1 year CD |
0.28 |
0.28 |
| 2 year CD |
0.43 |
0.43 |
| 3 year CD |
0.55 |
0.55 |
| 4 year CD |
0.66 |
0.66 |
| 5 year CD |
0.87 |
0.87 |
PHILADELPHIA AVERAGE RESULTS - $10K
| This week |
Last week |
|
| Money Market |
0.12 |
0.12 |
| 1 month CD |
0.06 |
0.06 |
| 3 month CD |
0.10 |
0.10 |
| 6 month CD |
0.14 |
0.14 |
| 1 year CD |
0.23 |
0.23 |
| 2 year CD |
0.37 |
0.37 |
| 3 year CD |
0.48 |
0.48 |
| 4 year CD |
0.64 |
0.64 |
| 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 |
| First NBC Bank |
B- |
10000 |
1.260 |
| 504-671-3550 |
|||
| www.firstnbcbank.com |
|||
| Doral Bank |
D- |
5000 |
0.950 |
| 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 |
|||
| Ally Bank |
B+ |
1 |
0.840 |
| 877-247-2559 |
|||
| 1 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
| Pacific Trust Bank, FSB |
C+ |
1 |
0.800 |
| 877-441-2265 |
|||
| www.pacifictrustbank.com |
|||
| Carter Bank & Trust |
C+ |
2500 |
0.500 |
| 276-632-2901 |
|||
| www.carterbankandtrust.com |
|||
| Beal Bank USA |
B- |
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 |
| 469-467-5000 |
|||
| 3 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
| Pacific Trust Bank, FSB |
C+ |
1 |
0.800 |
| 877-441-2265 |
|||
| www.pacifictrustbank.com |
|||
| Beal Bank USA |
B- |
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 |
|||
| 6 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
| Doral Bank |
D- |
500 |
1.000 |
| 212-584-6820 |
|||
| www.doralbankny.com |
|||
| Pacific Trust Bank, FSB |
C+ |
1 |
0.800 |
| 877-441-2265 |
|||
| www.pacifictrustbank.com |
|||
| CapitalSource Bank |
B+ |
10000 |
0.800 |
| 888-433-4272 |
|||
| www.capitalsourcebank.com |
|||
| Beal Bank USA |
B- |
1000 |
0.750 |
| 702-598-3500 |
|||
| www.bealbank.com |
|||
| Discover Bank |
C+ |
2500 |
0.650 |
| 888-765-6654 |
|||
| 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.bealbank.com |
|||
| CapitalSource Bank |
B+ |
10000 |
1.010 |
| 888-433-4272 |
|||
| www.capitalsourcebank.com |
|||
| Nationwide Bank |
B+ |
10000 |
0.960 |
| 614-249-6226 |
|||
| www.nationwide.com |
|||
| Ally Bank |
B+ |
1 |
0.940 |
| 877-247-2559 |
|||
| 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 |
|||
| CapitalSource Bank |
B+ |
10000 |
1.150 |
| 888-433-4272 |
|||
| www.capitalsourcebank.com |
|||
| Nationwide Bank |
B+ |
10000 |
1.150 |
| 614-249-6226 |
|||
| www.nationwide.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 |
|||
| Community Bank |
C+ |
1000 |
1.400 |
| 800-239-9427 |
|||
| www.dodcommunitybank.com |
|||
| Emigrant Bank |
C+ |
1000 |
1.400 |
| 212-850-4521 |
|||
| www.emigrant.com |
|||
| Intervest National Bank |
C |
2500 |
1.400 |
| 212-218-8383 |
|||
| www.intervestnatbank.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.harboronecu.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 |
|||
| Intervest National Bank |
C |
2500 |
1.600 |
| 212-218-8383 |
|||
| www.intervestnatbank.com |
|||
| 5 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
| iGObanking.com |
C+ |
1000 |
2.050 |
| 888-432-5890 |
|||
| www.igobanking.com |
|||
| Institution for Savings In Newburyport |
B |
1 |
2.000 |
| 978-462-3106 |
|||
| www.institutionforsavings.com |
|||
| Hingham Institution for Savings |
B |
500 |
2.000 |
| 781-749-2200 |
|||
| www.hinghamsavings.com |
|||
| OmniAmerican Bank |
C+ |
1000 |
2.000 |
| 817-246-0111 |
|||
| First NBC Bank |
B- |
10000 |
1.970 |
| 504-671-3550 |
|||
| www.firstnbcbank.com |
Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak, U=Unrated (new charter)
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.
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