With Rates Unchanged, Investors Wait for Extended Fed Report

NEW YORK, May 21, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today national average CD rates remained unchanged at record-low levels as investors awaited the Federal Reserve's extended report of its latest federal funds rate-setting meeting.

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Critical for investors to know is that the May 1 brief policy statement -- which Wednesday's minutes are based on -- didn't say whether the central bank would scale back on its monetary stimulus. According to TheStreet's Economist Joe Deaux,  "Individuals invested in CDs will want to look closely at the language of the minutes to determine if Fed members are seriously considering drawing down on quantitative easing programs. If the Fed does scale back, economists and analysts suggest this would ultimately lead to a gradual increase in interest rates, which would slowly raise currently low CD rates."

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.

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.