NEW YORK, Jan. 28, 2014 /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 remained unchanged this week as 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 absence of a shift in CD rates suggests that banks are weighing the recent slide in major equity indices on the back of softer U.S. economic data against the possibility that the Fed won't further scale back its economic stimulus program," reported Joe Deaux, TheStreet's Economics Analyst. "A pause by the central bank in slowing monetary stimulus would signal to market participants that the Fed will postpone a boost in interest rates longer than anticipated. Savers should know that more cuts in monthly Treasury and mortgage-backed security purchases leave the status quo in place of approaching higher rates."
NATIONAL AVERAGE RESULTS - $10K
This week Last week --------- --------- Money Market 0.10 0.10 ------------ ---- ---- 1 month CD 0.06 0.06 ---------- ---- ---- 3 month CD 0.09 0.09 ---------- ---- ---- 6 month CD 0.14 0.14 ---------- ---- ---- 1 year CD 0.23 0.23 --------- ---- ---- 2 year CD 0.37 0.37 --------- ---- ---- 3 year CD 0.51 0.51 --------- ---- ---- 4 year CD 0.63 0.63 --------- ---- ---- 5 year CD 0.82 0.82 --------- ---- ----
TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visitwww.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.
Money Market Financial Minimum APY (%) Strength to Earn Rating Interest ($) --- --- First NBC Bank B- 10000 1.260 --- ----- ----- 504-671-3550 www.firstnbcbank.com -------------------- Doral Bank D- 5000 0.940 --- ---- ----- 212-584-6820 www.doralbankny.com ------------------- Sallie Mae Bank A- 1 0.900 --- --- ----- 877-346-2756 www.salliemaebank.com --------------------- Salem Five Direct B 1 0.900 --- --- ----- 800-850-5000 www.salemfivedirect.com ----------------------- Mercantil Commercebank, National Association C 10000 0.900 --- ----- ----- 305-460-8701 www.mercantilcb.com ------------------- 1 Month CD Financial Minimum APY (%) Strength to Earn Rating Interest ($) --- --- Beal Bank USA C+ 1000 0.400 --- ---- ----- 702-598-3500 www.bealbank.com ---------------- Umbrellabank.com C- 1000 0.400 --- ---- ----- 866-862-7355 www.umbrellabank.com -------------------- Beal Bank, SSB C- 1000 0.400 --- ---- ----- 619-894-8066 www.bealbank.com ---------------- Merchants Bank of Indiana A- 1 0.350 --- --- ----- 765-874-2511 www.merchantsbankofindiana.com ------------------------------ Pinnacle Bank B+ 500 0.350 --- --- ----- 402-454-6515 www.pinnbank.com ---------------- 3 Month CD Financial Minimum APY (%) Strength to Earn Rating Interest ($) --- --- Beal Bank USA C+ 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 0.500 --- --- ----- 850-914-2525 www.doralbankflorida.com ------------------------ FirstBank Florida D 1000 0.500 --- ---- ----- 305-740-9522 www.firstbankfla.com -------------------- 6 Month CD Financial Minimum APY (%) Strength to Earn Rating Interest ($) --- --- Doral Bank D- 500 1.000 --- --- ----- 212-584-6820 www.doralbankny.com ------------------- Beal Bank USA C+ 1000 0.750 --- ---- ----- 702-598-3500 www.bealbank.com ---------------- GE Capital Bank A 500 0.700 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- Discover Bank C 500 0.650 --- --- ----- 888-765-6654 www.discoverbank.com -------------------- VirtualBank B- 10000 0.650 --- ----- ----- 561-776-8860 www.virtualbank.com ------------------- 1 Year CD Financial Minimum APY (%) Strength to Earn Rating Interest ($) --- --- Doral Bank D- 500 1.200 --- --- ----- 212-584-6820 www.doralbankny.com ------------------- Beal Bank USA C+ 1000 1.110 --- ---- ----- 786-347-3601 www.bealbank.com ---------------- CIT Bank B+ 1000 1.020 --- ---- ----- 801-412-6800 www.bankoncit.com ----------------- GE Capital Bank A 500 1.000 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- Ally Bank B+ 1 0.990 --- --- ----- 877-247-2559 www.ally.com ------------ 2 Year CD Financial Minimum APY (%) Strength to Earn Rating Interest ($) --- --- Doral Bank D- 500 1.450 --- --- ----- 212-584-6820 www.doralbankny.com ------------------- CIT Bank B+ 1000 1.170 --- ---- ----- 801-412-6800 www.bankoncit.com ----------------- GE Capital Bank A 500 1.150 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- Guaranty Bond Bank, National Association B+ 1000 1.150 --- ---- ----- 903-572-9881 www.gnty.com ------------ Emigrant Bank C- 1000 1.150 --- ---- ----- 212-850-4521 www.emigrant.com ---------------- 3 Year CD Financial Minimum APY (%) Strength to Earn Rating Interest ($) --- --- Northern Bank & Trust Company C+ 500 1.600 --- --- ----- 781-937-5423 www.nbtc.com ------------ Doral Bank D- 500 1.600 --- --- ----- 212-584-6820 www.doralbankny.com ------------------- Oritani Savings Bank B+ 1000 1.500 --- ---- ----- 201-664-5400 www.oritani.com --------------- Intervest National Bank C- 2500 1.450 --- ---- ----- 212-218-8383 www.intervestnatbank.com ------------------------ Boiling Springs Savings Bank C+ 1000 1.400 --- ---- ----- 201-939-6600 www.bssbank.com --------------- 4 Year CD Financial Minimum APY (%) Strength to Earn Rating Interest ($) --- --- Institution for Savings In Newburyport B 1 2.000 --- --- ----- 978-462-3106 www.institutionforsavings.com ----------------------------- Oritani Savings Bank B+ 1000 1.750 --- ---- ----- 201-664-5400 www.oritani.com --------------- EverBank C+ 1500 1.680 --- ---- ----- 888-882-3837 www.everbank.com ---------------- Nationwide Bank B 10000 1.670 --- ----- ----- 877-422-6569 www.nationwide.com ------------------ Doral Bank D- 500 1.650 --- --- ----- 212-584-6820 www.doralbankny.com ------------------- 5 Year CD Financial Minimum APY (%) Strength to Earn Rating Interest ($) --- --- EverBank C+ 1500 2.160 --- ---- ----- 888-882-3837 www.everbank.com ---------------- iGObanking.com C+ 1000 2.150 --- ---- ----- 888-432-5890 www.igobanking.com ------------------ Flushing Commercial Bank C+ 5000 2.150 --- ---- ----- 718-512-2929 www.flushingbank.com -------------------- Dime Savings Bank of Williamsburgh B- 500 2.100 --- --- ----- 718-782-6200 www.dsbwdirect.com ------------------ State Farm Bank, FSB C 500 2.050 --- --- ----- 877-734-2265 www.statefarm.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 96,000 financial institution locations across the United States.
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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.
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TheStreet, Inc.
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