THESTREET, INC. NEW YORK, July 8, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages this week for 5-year CD rates dipped while 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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"National averages of CD rates remain steady as Fed officials' comments are unclear as to when the central bank will begin to raise the federal funds rate," reported Joe Deaux, TheStreet's Economics Analyst. "While Chairman Janet Yellen says rates won't change for a considerable time after the end of the Fed's economic stimulus program, other Fed officials say a rate hike could come as early as the end of the first quarter in 2015. Savers may have to wait until the Fall for clearer Fed messaging as to when rates will increase."
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 0.55 0.55
--------- ---- ----
3 year CD 0.75 0.75
--------- ---- ----
4 year CD 0.93 0.93
--------- ---- ----
5 year CD 1.14 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 - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.
Money Market Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
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 0.940
--- --- -----
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
Minimum
APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Beal Bank USA C+ 1000 0.400
--- ---- -----
702-598-3500
www.bealbank.com
----------------
Umbrellabank.com C- 1000 0.400
--- ---- -----
866-862-7355
www.umbrellabank.com
--------------------
Beal Bank, SSB C- 1000 0.400
--- ---- -----
619-894-8066
www.bealbank.com
----------------
Carter Bank & Trust C+ 2500 0.400
--- ---- -----
276-632-2901
www.carterbankandtrust.com
--------------------------
Merchants Bank of Indiana B+ 1 0.350
--- --- -----
765-874-2511
www.merchantsbankofindiana.com
------------------------------
3 Month CD
Financial
Minimum
APY
Strength to Earn (%)
Rating Interest
($)
--- ---
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
($)
--- ---
Doral Bank D- 500 1.000
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
Beal Bank USA C+ 1000 0.750
--- ---- -----
702-598-3500
www.bealbank.com
----------------
GE Capital Bank A 500 0.700
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
National Republic Bank of Chicago E+ 1000 0.700
--- ---- -----
312-738-4900
www.nrbchicago.com
------------------
Colorado Federal Savings Bank B- 5000 0.700
--- ---- -----
877-484-2372
www.coloradofederalbank.com
---------------------------
1 Year CD
Financial
Minimum
APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Doral Bank D- 500 1.250
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
Beal Bank USA C+ 1000 1.110
--- ---- -----
786-347-3601
www.bealbank.com
----------------
GE Capital Bank A 500 1.100
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
EverBank B- 1500 1.100
--- ---- -----
888-882-3837
www.everbank.com
----------------
VirtualBank B 10000 1.070
--- ----- -----
561-776-8860
www.virtualbank.com
-------------------
2 Year CD
Financial
Minimum
APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Doral Bank D- 500 1.500
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
EverBank B- 1500 1.260
--- ---- -----
888-882-3837
www.everbank.com
----------------
VirtualBank B 10000 1.260
--- ----- -----
561-776-8860
www.virtualbank.com
-------------------
Salem Five Direct B 10000 1.250
--- ----- -----
800-850-5000
www.salemfivedirect.com
-----------------------
GE Capital Bank A 500 1.200
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
3 Year CD
Financial
Minimum
APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Doral Bank D- 500 1.650
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
Northern Bank & Trust Company B 500 1.600
--- --- -----
781-937-5423
www.nbtc.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
---------------------
4 Year CD
Financial
Minimum
APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Institution for Savings In Newburyport B 1 2.000
--- --- -----
978-462-3106
www.institutionforsavings.com
-----------------------------
First Republic Bank B+ 10000 1.900
--- ----- -----
415-392-1400
www.firstrepublic.com
---------------------
EverBank B- 1500 1.790
--- ---- -----
888-882-3837
www.everbank.com
----------------
Nationwide Bank B 10000 1.790
--- ----- -----
877-422-6569
www.nationwide.com
------------------
VirtualBank B 10000 1.790
--- ----- -----
561-776-8860
www.virtualbank.com
-------------------
5 Year CD
Financial
Minimum
APY
Strength to Earn (%)
Rating Interest
($)
--- ---
EverBank B- 1500 2.300
--- ---- -----
888-882-3837
www.everbank.com
----------------
CIT Bank B+ 1000 2.251
--- ---- -----
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
---------------------
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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