Record Lows For Money Market Accounts And CD Rates Continue

NEW YORK, April 9, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that National averages for Money Market Accounts, 1 year and 5 year CD rates each decreased slightly but have generally remained at record-low levels. 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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The Federal Reserve is expected to release on Wednesday the minutes of its March 20 policy-making meeting. The Fed already has disclosed the policy changes of that meeting, but investors look forward to the release in order to gather more details.

"St. Louis Fed President James Bullard in a CNBC interview on Tuesday said he would be open to scaling back the central bank's bond-buying program as he believed the U.S. economy likely would continue to improve," says Joe Deaux, TheStreet's Economist. "Voting members of the FOMC have continued to reiterate their commitment to short-term low interest rates, which would keep rates low for savers looking to invest in CDs."

NATIONAL AVERAGE RESULTS - $10K

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.

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 90,000 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 90,000 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
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Erin Corcoran
TheStreet, Inc.
212-321-5566
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SOURCE TheStreet, Inc.