NEW YORK, Nov. 12, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today National averages for CD rates remained virtually unchanged, with the 4-year CD gaining one basis point 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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"CD rate changes have been quiet the past three weeks as banks continue to await the Fed's December policy-making meeting. While a number of central bank officials publicly have discussed the eventual need to curb the economic stimulus program, market participants are still awaiting more economic data in November to determine the Fed's next move," reported Joe Deaux, TheStreet's Economics Analyst. "A strong October jobs report suggests the central bank will slow stimulus sooner rather than later, which could offer CD rates room to move higher in the future."
NATIONAL AVERAGE RESULTS - $10K
This |
Last |
|
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 |
0.51 |
4 year CD |
0.64 |
0.63 |
5 year CD |
0.82 |
0.82 |
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 |
Minimum |
APY |
First NBC Bank |
B- |
10000 |
1.260 |
504-671-3550 |
|||
Doral Bank |
D- |
5000 |
0.940 |
212-584-6820 |
|||
Sallie Mae Bank |
A- |
1 |
0.900 |
801-281-1423 |
|||
Mercantil Commercebank, National Association |
C |
10000 |
0.900 |
305-460-8701 |
|||
Ally Bank |
B+ |
1 |
0.860 |
877-247-2559 |
|||
1 Month CD |
Financial |
Minimum |
APY |
Beal Bank USA |
C+ |
1000 |
0.400 |
702-598-3500 |
|||
Umbrellabank.com |
C |
1000 |
0.400 |
866-862-7355 |
|||
Beal Bank, SSB |
C |
1000 |
0.400 |
619-894-8066 |
|||
Merchants Bank of Indiana |
A |
1 |
0.350 |
317-805-4300 |
|||
Pinnacle Bank |
B |
500 |
0.350 |
402-454-6515 |
|||
3 Month CD |
Financial |
Minimum |
APY |
Beal Bank USA |
C+ |
1000 |
0.510 |
702-598-3500 |
|||
Umbrellabank.com |
C |
1000 |
0.510 |
866-862-7355 |
|||
Institution for Savings In Newburyport |
B |
1 |
0.500 |
978-462-3106 |
|||
Doral Bank |
D- |
500 |
0.500 |
850-914-2525 |
|||
FirstBank Florida |
D |
1000 |
0.500 |
305-740-9522 |
|||
6 Month CD |
Financial |
Minimum |
APY |
Doral Bank |
D- |
500 |
1.000 |
212-584-6820 |
|||
GE Capital Bank |
A |
500 |
0.830 |
801-517-5000 |
|||
Beal Bank USA |
C+ |
1000 |
0.750 |
702-598-3500 |
|||
Discover Bank |
C+ |
500 |
0.650 |
888-765-6654 |
|||
VirtualBank |
B- |
10000 |
0.650 |
561-776-8860 |
|||
1 Year CD |
Financial |
Minimum |
APY |
Doral Bank |
D- |
500 |
1.200 |
212-584-6820 |
|||
Beal Bank USA |
C+ |
1000 |
1.110 |
786-347-3601 |
|||
GE Capital Bank |
A |
500 |
1.050 |
801-517-5000 |
|||
Nationwide Bank |
B+ |
10000 |
1.010 |
614-249-6226 |
|||
Eloan.com |
C |
10000 |
0.990 |
888-533-5333 |
|||
2 Year CD |
Financial |
Minimum |
APY |
Doral Bank |
D- |
500 |
1.450 |
212-584-6820 |
|||
iGObanking.com |
C+ |
1000 |
1.200 |
888-432-5890 |
|||
Flushing Commercial Bank |
C+ |
5000 |
1.200 |
718-512-2929 |
|||
Nationwide Bank |
B+ |
10000 |
1.200 |
614-249-6226 |
|||
GE Capital Bank |
A |
500 |
1.180 |
801-517-5000 |
|||
3 Year CD |
Financial |
Minimum |
APY |
Institution for Savings In Newburyport |
B |
1 |
2.000 |
978-462-3106 |
|||
Doral Bank |
D- |
500 |
1.600 |
212-584-6820 |
|||
Intervest National Bank |
C |
2500 |
1.450 |
212-218-8383 |
|||
Community Bank |
C |
1000 |
1.400 |
800-239-9427 |
|||
Emigrant Bank |
C |
1000 |
1.400 |
212-850-4521 |
|||
4 Year CD |
Financial |
Minimum |
APY |
Institution for Savings In Newburyport |
B |
1 |
2.000 |
978-462-3106 |
|||
HarborOne Bank |
U |
1 |
2.000 |
508-895-1000 |
|||
GE Capital Bank |
A |
500 |
1.670 |
801-517-5000 |
|||
Nationwide Bank |
B+ |
10000 |
1.670 |
614-249-6226 |
|||
Doral Bank |
D- |
500 |
1.650 |
212-584-6820 |
|||
5 Year CD |
Financial |
Minimum |
APY |
Charles Schwab |
U |
1000 |
2.050 |
800-435-4000 |
|||
GE Capital Bank |
A |
500 |
2.010 |
801-517-5000 |
|||
Institution for Savings In Newburyport |
B |
1 |
2.000 |
978-462-3106 |
|||
Compass Bank |
C |
1 |
2.000 |
205-297-1986 |
|||
PrivateBank & Trust Company |
B- |
1000 |
2.000 |
404-926-2400 |
|||
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.
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