NEW YORK, June 18, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported this week the average 1-, 2-, 3- and 5-year CD rates gained incrementally as national averages generally remained unchanged at record-low levels.
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The slight uptick in rates among some CDs comes as the benchmark 10-year Treasury note has risen slowly on speculation that the Federal Reserve may begin to taper its monetary stimulus programs before the end of 2013. The Fed's policy-making arm will release a statement Wednesday on the federal funds rate and its current quantitative easing efforts, and Chairman Ben Bernanke afterwards will conduct a press conference.
"Though reports suggest the Fed is attempting to quell concerns that it may raise federal funds rate in the immediate term, speculation continues to drive Treasury yields higher," states Joe Deaux, TheStreet's Economist. "This could have a similar influence on CD rates."
NATIONAL AVERAGE RESULTS - $10K
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 |
0.24 |
0.23 |
2 year CD |
0.38 |
0.37 |
3 year CD |
0.51 |
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 |
|||
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.bealbankusa.com |
|||
Umbrellabank.com |
C |
1000 |
0.400 |
866-862-7355 |
|||
www.umbrellabank.com |
|||
3 Month CD
|
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Beal Bank USA |
B- |
1000 |
0.510 |
702-598-3500 |
|||
www.bealbankusa.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 |
|||
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.bealbankusa.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.bealbankusa.com |
|||
CapitalSource Bank |
B |
10000 |
1.010 |
888-433-4272 |
|||
www.capitalsourcebank.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 |
|||
Signature Bank |
A- |
5000 |
1.110 |
646-822-1500 |
|||
www.signatureny.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 |
|||
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 |
|||
5 Year CD
|
Financial Strength Rating |
Minimum to Earn |
APY |
Institution for Savings In Newburyport |
B |
1 |
2.000 |
978-462-3106 |
|||
www.institutionforsavings.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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