NEW YORK, April 8, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today national averages for CD rates of all durations remained unchanged this week 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.
"We have seen a pause in a rise in national CD rates a couple weeks after the Fed signaled to savers that the central bank will start to increase interest rates by 2015," reported Joe Deaux, TheStreet's Economics Analyst. "Despite a quiet week, market participants should remain optimistic that a rising rate environment will slowly push higher the yield on cash investments."
NATIONAL AVERAGE RESULTS - $10K
This |
Last |
|
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 |
0.56 |
0.56 |
3 year CD |
0.75 |
0.75 |
4 year CD |
0.92 |
0.92 |
5 year CD |
1.14 |
1.14 |
* 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 |
Minimum |
APY |
First NBC Bank |
B- |
10000 |
1.260 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
Salem Five Direct |
B |
1 |
1.000 |
800-850-5000 |
|||
www.salemfivedirect.com |
|||
Doral Bank |
D- |
1 |
0.930 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Sallie Mae Bank |
A- |
1 |
0.900 |
877-346-2756 |
|||
www.salliemaebank.com |
|||
Mercantil Commercebank, National Association |
C |
10000 |
0.900 |
305-460-8701 |
|||
www.mercantilcb.com |
|||
1 Month CD |
Financial |
Minimum |
APY |
Beal Bank USA |
C+ |
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 |
619-894-8066 |
|||
www.bealbank.com |
|||
Merchants Bank of Indiana |
A- |
1 |
0.350 |
765-874-2511 |
|||
www.merchantsbankofindiana.com |
|||
Pinnacle Bank |
B+ |
500 |
0.350 |
402-454-6515 |
|||
www.pinnbank.com |
|||
3 Month CD |
Financial |
Minimum |
APY |
Beal Bank USA |
C+ |
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 |
|||
www.doralbankflorida.com |
|||
Firstbank Florida |
D |
1000 |
0.500 |
305-740-9522 |
|||
www.firstbankfla.com |
|||
6 Month CD |
Financial |
Minimum |
APY |
Doral Bank |
D- |
500 |
1.000 |
850-447-3000 |
|||
www.doralbankflorida.com |
|||
Beal Bank USA |
C+ |
1000 |
0.750 |
702-598-3500 |
|||
www.bealbank.com |
|||
GE Capital Bank |
A |
500 |
0.700 |
801-517-5000 |
|||
www.gecapitalbank.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 |
Minimum |
APY |
Doral Bank |
D- |
500 |
1.200 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Beal Bank USA |
C+ |
1000 |
1.110 |
786-347-3601 |
|||
www.bealbank.com |
|||
GE Capital Bank |
A |
500 |
1.050 |
801-517-5000 |
|||
www.gecapitalbank.com |
|||
CIT Bank |
B+ |
1000 |
1.020 |
801-412-6800 |
|||
www.bankoncit.com |
|||
VirtualBank |
B |
10000 |
1.010 |
561-776-8860 |
|||
www.virtualbank.com |
|||
2 Year CD |
Financial |
Minimum |
APY |
Doral Bank |
D- |
500 |
1.450 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Salem Five Direct |
B |
10000 |
1.250 |
800-850-5000 |
|||
www.salemfivedirect.com |
|||
CIT Bank |
B+ |
1000 |
1.170 |
801-412-6800 |
|||
www.bankoncit.com |
|||
Barclays Bank Delaware |
C+ |
1 |
1.150 |
888-710-8756 |
|||
www.banking.barclaysus.com |
|||
GE Capital Bank |
A |
500 |
1.150 |
801-517-5000 |
|||
www.gecapitalbank.com |
|||
3 Year CD |
Financial Rating |
Minimum |
APY |
Northern Bank & Trust Company |
B- |
500 |
1.600 |
781-937-5423 |
|||
www.nbtc.com |
|||
Doral Bank |
D- |
500 |
1.600 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Oritani Savings Bank |
B+ |
1000 |
1.500 |
201-664-5400 |
|||
www.oritani.com |
|||
Intervest National Bank |
C |
2500 |
1.450 |
212-218-8383 |
|||
www.intervestnatbank.com |
|||
Community Bank |
C- |
1000 |
1.400 |
800-239-9427 |
|||
www.dodcommunitybank.com |
|||
4 Year CD |
Financial |
Minimum |
APY |
Institution for Savings In Newburyport |
B |
1 |
2.000 |
978-462-3106 |
|||
www.institutionforsavings.com |
|||
Columbia Bank |
C |
500 |
1.750 |
201-794-5840 |
|||
www.columbiabankonline.com |
|||
Oritani Savings Bank |
B+ |
1000 |
1.750 |
201-664-5400 |
|||
www.oritani.com |
|||
EverBank |
B- |
1500 |
1.740 |
888-882-3837 |
|||
www.everbank.com |
|||
CIT Bank |
B+ |
1000 |
1.700 |
801-412-6800 |
|||
www.bankoncit.com |
|||
5 Year CD |
Financial |
Minimum |
APY |
CIT Bank |
B+ |
1000 |
2.251 |
801-412-6800 |
|||
www.bankoncit.com |
|||
First Republic Bank |
B+ |
5000 |
2.250 |
415-392-1400 |
|||
www.firstrepublic.com |
|||
EverBank |
B- |
1500 |
2.240 |
888-882-3837 |
|||
www.everbank.com |
|||
GE Capital Retail Bank |
C+ |
2000 |
2.200 |
866-869-4671 |
|||
www.gecrb.com |
|||
Barclays Bank Delaware |
C+ |
1 |
2.150 |
888-710-8756 |
|||
www.banking.barclaysus.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:
Erin Corcoran
TheStreet, Inc.
212-321-5566
[email protected]
Joe Deaux
TheStreet, Inc.
212-321-5086
[email protected]
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SOURCE TheStreet, Inc.
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