NEW YORK, Jan. 20, 2015 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for CD rates of all durations this week remained unchanged as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.
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"CD rates remain unchanged but investors are still watching the Federal Reserve, which is expected to raise rates later this year," said Scott Gamm, Reporter for TheStreet.com. "The real question is whether Europe's economic woes will delay a rate hike."
NATIONAL AVERAGE RESULTS - $10K
This week Last week --------- 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 0.76 0.76 --------- ---- ---- 4 year CD 0.95 0.95 --------- ---- ---- 5 year CD 1.17 1.17 --------- ---- ----
* 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 - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.
Money Market Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Salem Five Direct B 1 1.050 --- --- ----- 800-850-5000 www.salemfivedirect.com ----------------------- First NBC Bank B- 10000 1.010 --- ----- ----- 504-671-3550 www.firstnbcbank.com -------------------- CrossFirst Bank C+ 1 1.000 --- --- ----- 316-925-4800 www.crossfirstbank.com ---------------------- Sallie Mae Bank A- 1 0.900 --- --- ----- 877-346-2756 www.salliemaebank.com --------------------- Ally Bank A- 1 0.850 --- --- ----- 877-247-2559 www.ally.com ------------ 1 Month CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Great Southern Bank B 250 0.500 --- --- ----- 417-888-4316 www.greatsouthernbank.com ------------------------- Beal Bank USA B- 1000 0.400 --- ---- ----- 702-598-3500 www.bealbank.com ---------------- Umbrellabank.com C 1000 0.400 --- ---- ----- 866-862-7355 www.umbrellabank.com -------------------- Beal Bank, SSB C 1000 0.400 --- ---- ----- 619-894-8066 www.bealbank.com ---------------- Carter Bank & Trust C+ 2500 0.400 --- ---- ----- 276-632-2901 www.carterbankandtrust.com -------------------------- 3 Month CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- 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 ----------------------------- Great Southern Bank B 250 0.500 --- --- ----- 417-888-4316 www.greatsouthernbank.com ------------------------- Doral Bank E+ 500 0.500 --- --- ----- 850-914-2525 www.doralbankflorida.com ------------------------ 6 Month CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Atlas Bank, a division of Kearny Federal Savings C- 2500 1.010 --- ---- ----- 718-768-4800 www.atlasbank.com ----------------- Doral Bank E+ 500 0.950 --- --- ----- 850-447-3000 www.doralbankflorida.com ------------------------ Beal Bank USA B- 1000 0.750 --- ---- ----- 702-598-3500 www.bealbank.com ---------------- GE Capital Bank A 500 0.700 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- Colorado Federal Savings Bank B- 5000 0.700 --- ---- ----- 877-484-2372 www.coloradofederalbank.com --------------------------- 1 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Bank Direct B- 10000 1.170 --- ----- ----- 877-839-2737 www.bankdirect.com ------------------ Synchrony Bank C+ 2000 1.150 --- ---- ----- 866-869-4671 www.myoptimizerplus.com ----------------------- Sallie Mae Bank A- 2500 1.150 --- ---- ----- 877-346-2756 www.salliemaebank.com --------------------- Nationwide Bank B 10000 1.140 --- ----- ----- 877-422-6569 www.nationwide.com ------------------ GE Capital Bank A 500 1.100 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- 2 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Nationwide Bank B 10000 1.330 --- ----- ----- 877-422-6569 www.nationwide.com ------------------ GE Capital Bank A 500 1.300 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- Doral Bank E+ 500 1.300 --- --- ----- 850-447-3000 www.doralbankflorida.com ------------------------ Flushing Commercial Bank B- 5000 1.300 --- ---- ----- 718-512-2929 www.flushingbank.com -------------------- Ally Bank A- 1 1.290 --- --- ----- 877-247-2559 www.ally.com ------------ 3 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- First NBC Bank B- 10000 1.510 --- ----- ----- 504-671-3550 www.firstnbcbank.com -------------------- Oritani Savings Bank A- 1000 1.500 --- ---- ----- 201-664-5400 www.oritani.com --------------- Capitol Federal Savings Bank B 1000 1.500 --- ---- ----- 785-235-1341 www.capfed.com -------------- Boiling Springs Savings Bank B- 1000 1.500 --- ---- ----- 201-939-6600 www.bssbank.com --------------- Nationwide Bank B 10000 1.500 --- ----- ----- 877-422-6569 www.nationwide.com ------------------ 4 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Morton Community Bank B+ 1000 2.050 --- ---- ----- 309-266-5337 www.hometownbanks.com --------------------- Manito Community Bank B+ 1000 2.050 --- ---- ----- 309-968-6819 www.hometownbanks.com --------------------- Fairbury-Cropsey Community Bank B+ 1000 2.050 --- ---- ----- 815-692-4000 www.hometownbanks.com --------------------- Farmington Community Bank B+ 1000 2.050 --- ---- ----- 309-245-2446 www.hometownbanks.com --------------------- Citizens National Bank B+ 1000 2.050 --- ---- ----- 309-833-4551 www.citizensnational.net ------------------------ 5 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- CIT Bank B 1000 2.300 --- ---- ----- 801-412-6800 www.bankoncit.com ----------------- Barclays Bank Delaware C 1 2.250 --- --- ----- 888-710-8756 www.banking.barclaysus.com -------------------------- GE Capital Bank A 500 2.250 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- Republic Bank of Chicago C- 1000 2.250 --- ---- ----- 773-581-4500 www.republicebank.com --------------------- Northfield Bank B 2500 2.250 --- ---- ----- 718-448-1000 www.enorthfield.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: Scott Gamm, TheStreet, Inc., Scott.Gamm at thestreet.com
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SOURCE TheStreet, Inc.