NEW YORK, Aug. 6, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national average bank deposit rates remained unchanged at record-low levels, except for the average rate for a four-year CD, which increased to 0.63% from 0.62% last week. However, some regions of the nation saw a slightly greater upward movement in rates.
(Logo: http://photos.prnewswire.com/prnh/20130219/NY62571LOGO)
(Logo: http://photos.prnewswire.com/prnh/20130102/NY35868LOGO-b)
"Last week's meeting of the Federal Reserve Open Market Committee included no change in monetary stimulus policy for the Federal Reserve," said Philip van Doorn, TheStreet's senior bank analyst. "One ray of hope for savers was the decline in the national unemployment rate for July to 7.4% from 7.6% in June. The FOMC has repeatedly said that its 'highly accommodative' policy of keeping the federal funds rate in a range of zero to 0.25% will likely remain in place until the unemployment rate drops below 6.5%."
In the New Haven, Boston, Dallas and Philadelphia markets, New Haven CD rates showed the most change despite having rates considerably lower than the national averages. The average rates for nearly all CD terms in the New Haven area increased, with the 5 year CD increasing the most at over one basis point.
NATIONAL AVERAGE RESULTS - $10K
This |
Last |
|
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 |
0.62 |
5 year CD |
0.81 |
0.81 |
BOSTON REGION AVERAGE RESULTS - $10K
This |
Last |
|
Money Market |
0.134 |
0.133 |
1 month CD |
0.064 |
0.062 |
3 month CD |
0.128 |
0.127 |
6 month CD |
0.174 |
0.173 |
1 year CD |
0.279 |
0.278 |
2 year CD |
0.459 |
0.456 |
3 year CD |
0.581 |
0.577 |
4 year CD |
0.711 |
0.706 |
5 year CD |
0.851 |
0.846 |
NEW HAVEN REGION AVERAGE RESULTS - $10K
This |
Last |
|
Money Market |
0.098 |
0.096 |
1 month CD |
0.061 |
0.061 |
3 month CD |
0.072 |
0.072 |
6 month CD |
0.089 |
0.086 |
1 year CD |
0.139 |
0.134 |
2 year CD |
0.245 |
0.242 |
3 year CD |
0.429 |
0.421 |
4 year CD |
0.559 |
0.554 |
5 year CD |
0.733 |
0.718 |
DALLAS REGION AVERAGE RESULTS - $10K
This |
Last |
|
Money Market |
0.111 |
0.111 |
1 month CD |
0.066 |
0.066 |
3 month CD |
0.101 |
0.100 |
6 month CD |
0.167 |
0.163 |
1 year CD |
0.281 |
0.279 |
2 year CD |
0.434 |
0.430 |
3 year CD |
0.560 |
0.551 |
4 year CD |
0.671 |
0.659 |
5 year CD |
0.879 |
0.868 |
PHILADELPHIA REGION AVERAGE RESULTS - $10K
This |
Last |
|
Money Market |
0.125 |
0.125 |
1 month CD |
0.057 |
0.058 |
3 month CD |
0.098 |
0.098 |
6 month CD |
0.137 |
0.137 |
1 year CD |
0.228 |
0.227 |
2 year CD |
0.374 |
0.374 |
3 year CD |
0.484 |
0.488 |
4 year CD |
0.642 |
0.641 |
5 year CD |
0.829 |
0.826 |
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 |
0.840 |
877-247-2559 |
|||
1 Month CD |
Financial |
Minimum |
APY |
Pacific Trust Bank, FSB |
C+ |
1 |
0.800 |
877-441-2265 |
|||
Carter Bank & Trust |
C+ |
2500 |
0.500 |
276-632-2901 |
|||
Beal Bank USA |
B- |
1000 |
0.400 |
702-598-3500 |
|||
Umbrellabank.com |
C |
1000 |
0.400 |
866-862-7355 |
|||
Beal Bank, SSB |
C |
1000 |
0.400 |
469-467-5000 |
|||
3 Month CD |
Financial |
Minimum |
APY |
Pacific Trust Bank, FSB |
C+ |
1 |
0.800 |
877-441-2265 |
|||
Beal Bank USA |
B- |
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 |
|||
6 Month CD |
Financial |
Minimum |
APY |
Doral Bank |
D- |
500 |
1.000 |
212-584-6820 |
|||
Pacific Trust Bank, FSB |
C+ |
1 |
0.800 |
877-441-2265 |
|||
CapitalSource Bank |
B+ |
10000 |
0.800 |
888-433-4272 |
|||
Beal Bank USA |
B- |
1000 |
0.750 |
702-598-3500 |
|||
Discover Bank |
C+ |
2500 |
0.650 |
888-765-6654 |
|||
1 Year CD |
Financial |
Minimum |
APY |
Doral Bank |
D- |
500 |
1.200 |
212-584-6820 |
|||
Beal Bank USA |
B- |
1000 |
1.110 |
786-347-3601 |
|||
CapitalSource Bank |
B+ |
10000 |
1.010 |
888-433-4272 |
|||
Nationwide Bank |
B+ |
10000 |
0.960 |
614-249-6226 |
|||
Ally Bank |
B+ |
1 |
0.940 |
877-247-2559 |
|||
2 Year CD |
Financial |
Minimum |
APY |
Doral Bank |
D- |
500 |
1.450 |
212-584-6820 |
|||
Emigrant Bank |
C+ |
1000 |
1.150 |
212-850-4521 |
|||
CapitalSource Bank |
B+ |
10000 |
1.150 |
888-433-4272 |
|||
Nationwide Bank |
B+ |
10000 |
1.150 |
614-249-6226 |
|||
Signature Bank |
A- |
5000 |
1.110 |
646-822-1500 |
|||
3 Year CD |
Financial |
Minimum |
APY |
First NBC Bank |
B- |
10000 |
1.820 |
504-671-3550 |
|||
Doral Bank |
D- |
500 |
1.600 |
212-584-6820 |
|||
Boiling Springs Savings Bank |
C |
1000 |
1.500 |
201-939-6600 |
|||
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 |
1 |
2.000 |
|
508-895-1000 |
|||
Boiling Springs Savings Bank |
C |
1000 |
1.750 |
201-939-6600 |
|||
Doral Bank |
D- |
500 |
1.650 |
212-584-6820 |
|||
Emigrant Bank |
C+ |
1000 |
1.650 |
212-850-4521 |
|||
5 Year CD |
Financial |
Minimum |
APY |
EverBank |
C |
1500 |
2.060 |
888-882-3837 |
|||
iGObanking.com |
C+ |
1000 |
2.050 |
888-432-5890 |
|||
Institution for Savings In Newburyport |
B |
1 |
2.000 |
978-462-3106 |
|||
Hingham Institution for Savings |
B |
500 |
2.000 |
781-749-2200 |
|||
Boiling Springs Savings Bank |
C |
1000 |
2.000 |
201-939-6600 |
|||
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:
Emily Schneider
TheStreet, Inc.
212-321-5521
[email protected]
Joe Deaux
TheStreet, Inc.
212-321-5086
[email protected]
SOURCE TheStreet, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article