THESTREET, INC. NEW YORK, Aug. 5, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that 3-month CD rates increased by one basis point while national averages for all other durations 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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"The 3-month CD rate increased one basis point, however, national averages of CD rates generally remain steady as the Federal Reserve continues to reduce its monthly bond purchases," reported Antoine Gara, Reporter for TheStreet. "In the face of strengthening economic activity and strong hiring gains, the Fed continues to see significant underutilization in the labor market, indicating rates won't change for a considerable time after the end of the Fed's economic stimulus program. The Fed may give further insight into its thinking on interest rates at an annual Aug. 21 gathering in Wyoming hosted by the Federal Reserve Bank of Kansas City."
NATIONAL AVERAGE RESULTS - $10K
This Last
week week
---- ----
Money Market 0.15 0.15
------------ ---- ----
1 month CD 0.11 0.11
---------- ---- ----
3 month CD 0.15 0.14
---------- ---- ----
6 month CD 0.23 0.23
---------- ---- ----
1 year CD 0.36 0.36
--------- ---- ----
2 year CD 0.55 0.55
--------- ---- ----
3 year CD 0.75 0.75
--------- ---- ----
4 year CD 0.93 0.93
--------- ---- ----
5 year CD 1.15 1.15
--------- ---- ----
* 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 - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.
Money Market Financial Strength Rating Minimum to Earn Interest APY
($) (%)
--- --- ---
First NBC Bank B- 10000 1.260
--- ----- -----
504-671-3550
www.firstnbcbank.com
--------------------
Salem Five Direct B 1 1.000
--- --- -----
800-850-5000
www.salemfivedirect.com
-----------------------
Doral Bank D- 1 0.950
--- --- -----
212-584-6820
www.doralbankny.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 Strength Rating Minimum to Earn Interest APY
($) (%)
--- --- ---
Beal Bank USA C+ 1000 0.400
--- ---- -----
702-598-3500
www.bealbank.com
----------------
Umbrellabank.com C- 1000 0.400
--- ---- -----
866-862-7355
www.umbrellabank.com
--------------------
Beal Bank, SSB C- 1000 0.400
--- ---- -----
619-894-8066
www.bealbank.com
----------------
Carter Bank & Trust C+ 2500 0.400
--- ---- -----
276-632-2901
www.carterbankandtrust.com
--------------------------
Merchants Bank of Indiana B+ 1 0.350
--- --- -----
765-874-2511
www.merchantsbankofindiana.com
------------------------------
3 Month CD Financial Strength Rating Minimum to Earn Interest APY
($) (%)
--- --- ---
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 Strength Rating Minimum to Earn Interest APY
($) (%)
--- --- ---
Atlas Bank, a division of Kearny Federal Savings C- 2500 1.010
--- ---- -----
718-768-4800
www.atlasbank.com
-----------------
Doral Bank D- 500 0.950
--- --- -----
850-914-2525
www.doralbankflorida.com
------------------------
Beal Bank USA C+ 1000 0.750
--- ---- -----
702-598-3500
www.bealbank.com
----------------
GE Capital Bank A 500 0.700
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
National Republic Bank of Chicago E+ 1000 0.700
--- ---- -----
312-738-4900
www.nrbchicago.com
------------------
1 Year CD Financial Strength Rating Minimum to Earn Interest APY
($) (%)
--- --- ---
Doral Bank D- 500 1.100
--- --- -----
850-914-2525
www.doralbankflorida.com
------------------------
Colorado Federal Savings Bank B- 5000 1.100
--- ---- -----
877-484-2372
www.coloradofederalbank.com
---------------------------
GE Capital Bank A 500 1.050
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
iGObanking.com C+ 1000 1.050
--- ---- -----
888-432-5890
www.igobanking.com
------------------
Synchrony Bank C+ 2000 1.050
--- ---- -----
866-869-4671
www.myoptimizerplus.com
-----------------------
2 Year CD Financial Strength Rating Minimum to Earn Interest APY
($) (%)
--- --- ---
Doral Bank D- 500 1.300
--- --- -----
850-914-2525
www.doralbankflorida.com
------------------------
Columbia Bank C- 500 1.250
--- --- -----
201-794-5840
www.columbiabankonline.com
--------------------------
EverBank B- 1500 1.250
--- ---- -----
888-882-3837
www.everbank.com
----------------
Colorado Federal Savings Bank B- 5000 1.250
--- ---- -----
877-484-2372
www.coloradofederalbank.com
---------------------------
Salem Five Direct B 10000 1.250
--- ----- -----
800-850-5000
www.salemfivedirect.com
-----------------------
3 Year CD Financial Strength Rating Minimum to Earn Interest APY
($) (%)
--- --- ---
Doral Bank D- 500 1.500
--- --- -----
850-914-2525
www.doralbankflorida.com
------------------------
Oritani Savings Bank A- 1000 1.500
--- ---- -----
201-664-5400
www.oritani.com
---------------
EverBank B- 1500 1.450
--- ---- -----
888-882-3837
www.everbank.com
----------------
Sallie Mae Bank A- 2500 1.450
--- ---- -----
877-346-2756
www.salliemaebank.com
---------------------
Intervest National Bank C+ 2500 1.450
--- ---- -----
212-218-8383
www.intervestnatbank.com
------------------------
4 Year CD Financial Strength Rating Minimum to Earn Interest APY
($) (%)
--- --- ---
Institution for Savings In Newburyport B 1 2.000
--- --- -----
978-462-3106
www.institutionforsavings.com
-----------------------------
CIT Bank B+ 1000 1.800
--- ---- -----
801-412-6800
www.bankoncit.com
-----------------
EverBank B- 1500 1.790
--- ---- -----
888-882-3837
www.everbank.com
----------------
Nationwide Bank B 10000 1.790
--- ----- -----
877-422-6569
www.nationwide.com
------------------
VirtualBank B 10000 1.790
--- ----- -----
561-776-8860
www.virtualbank.com
-------------------
5 Year CD Financial Strength Rating Minimum to Earn Interest APY
($) (%)
--- --- ---
EverBank B- 1500 2.300
--- ---- -----
888-882-3837
www.everbank.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
---------------------
CIT Bank B+ 1000 2.250
--- ---- -----
801-412-6800
www.bankoncit.com
-----------------
Synchrony Bank C+ 2000 2.250
--- ---- -----
866-869-4671
www.myoptimizerplus.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:
Emily Scheer
TheStreet, Inc.
212-321-5521
emily.scheer@thestreet.com
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