NEW YORK, July 2, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today the average 5-year CD rate rose incrementally as national averages generally remained unchanged at record-low levels.
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"Savers see that while mortgage rates begin to rise, CD rates appear frozen. This creates a difficult position for investors who could be paying higher mortgage rates without receiving a higher return on their cash investments," reports Joe Deaux, TheStreet's Economist. "Banks in stronger financial position are flush with cash and therefore in less need of attracting more deposits. Savers should be aware that some banks looking to attract deposits have more attractive CD rates, but may be on less stable financial footing."
NATIONAL AVERAGE RESULTS - $10K
|
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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 |
0.80 |
TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.
Money Market |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Doral Bank |
D- |
5000 |
0.940 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Sallie Mae Bank |
A- |
1 |
0.900 |
801-281-1423 |
|||
www.salliemaebank.com |
|||
Mercantil Commercebank, National Association |
C |
10000 |
0.900 |
305-460-8701 |
|||
www.mercantilcb.com |
|||
Ally Bank |
B+ |
1 |
0.840 |
877-247-2559 |
|||
www.ally.com |
|||
Customers Bank |
D+ |
10000 |
0.800 |
610-933-2000 |
|||
www.customersbank.com |
|||
1 Month CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
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 |
0.040 |
469-467-5000 |
|||
www.bealbank.com |
|||
First National Bank |
E- |
1000 |
0.360 |
956-380-8530 |
|||
www.webfnb.com |
|||
3 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
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 |
0.050 |
850-914-2525 |
|||
www.doralbankflorida.com |
|||
FirstBank Florida |
D+ |
1000 |
0.500 |
305-740-9522 |
|||
www.firstbankfla.com |
|||
6 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Doral Bank |
D- |
500 |
1.000 |
212-584-6820 |
|||
www.doralbankny.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 |
|||
www.discoverbank.com |
|||
Ally Bank |
B+ |
1 |
0.610 |
877-247-2559 |
|||
www.ally.com |
|||
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 |
|||
Ally Bank |
B+ |
1 |
0.940 |
877-247-2559 |
|||
www.ally.com |
|||
CIT Bank |
B+ |
1000 |
0.900 |
801-412-6800 |
|||
www.bankoncit.com |
|||
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 |
|||
First Republic Bank |
D+ |
1000 |
1.100 |
415-392-1400 |
|||
www.firstrepublic.com |
|||
Signature Bank |
A- |
5000 |
1.110 |
646-822-1500 |
|||
www.signatureny.com |
|||
Community Bank |
C+ |
1000 |
1.100 |
800-239-9427 |
|||
www.dodcommunitybank.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 |
|||
Customers Bank |
D+ |
500 |
1.500 |
610-933-2000 |
|||
www.customersbank.com |
|||
Boiling Springs Savings Bank |
C |
1000 |
1.500 |
201-939-6600 |
|||
www.bssbank.com |
|||
Community Bank |
C+ |
1000 |
1.450 |
800-239-9427 |
|||
www.dodcommunitybank.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 |
|||
Doral Bank |
D- |
500 |
1.650 |
212-584-6820 |
|||
www.doralbankny.com |
|||
Emigrant Bank |
C+ |
1000 |
1.650 |
212-850-4521 |
|||
www.emigrant.com |
|||
First Interstate Bank |
C |
1000 |
1.550 |
406-862-7437 |
|||
www.firstinterstatebank.com |
|||
Yakima Federal Savings & Loan Association |
A |
10000 |
1.550 |
509-248-2634 |
|||
www.yakimafed.com |
|||
5 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 |
|||
Boiling Springs Savings Bank |
C |
1000 |
2.000 |
201-939-6600 |
|||
www.bssbank.com |
|||
First Republic Bank |
B+ |
5000 |
2.000 |
415-392-1400 |
|||
www.firstrepublic.com |
|||
First NBC Bank |
B- |
10000 |
1.970 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
Doral Bank |
D- |
500 |
1.850 |
212-584-6820 |
|||
www.doralbankny.com |
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:
Erin Corcoran
TheStreet, Inc.
212-321-5566
[email protected]
SOURCE TheStreet, Inc.
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