THESTREET, INC. NEW YORK, May 19, 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 showed no increase this week," said Scott Gamm, TheStreet Economics Reporter. "Investors will be watching to see if the Federal Reserve reveals any clues on when it expects to hike short-term interest rates, when the minutes of its April meeting are released on Wednesday afternoon. The minutes also gives investors a summary of what central bankers discussed during its last meeting."
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 0.57 0.57
--------- ---- ----
3 year CD 0.77 0.77
--------- ---- ----
4 year CD 0.95 0.95
--------- ---- ----
5 year CD 1.18 1.18
--------- ---- ----
* 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 1.100
--- --- -----
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
----------------------
Incredible Bank C+ 1 0.950
--- --- -----
877-261-4750
www.incrediblebank.com
----------------------
Sallie Mae Bank A- 1 0.900
--- --- -----
877-346-2756
www.salliemaebank.com
---------------------
1 Month CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Carter Bank & Trust C+ 2500 0.550
--- ---- -----
276-632-2901
www.carterbankandtrust.com
--------------------------
Great Southern Bank B 250 0.500
--- --- -----
417-888-4316
www.greatsouthernbank.com
-------------------------
Umbrellabank.com C- 1000 0.400
--- ---- -----
866-862-7355
www.umbrellabank.com
--------------------
Beal Bank, SSB C- 1000 0.400
--- ---- -----
619-894-8066
www.bealbank.com
----------------
Beal Bank USA C+ 1000 0.360
--- ---- -----
602-714-3838
www.bealbank.com
----------------
3 Month CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Carter Bank & Trust C+ 2500 0.550
--- ---- -----
276-632-2901
www.carterbankandtrust.com
--------------------------
Beal Bank USA C+ 1000 0.510
--- ---- -----
602-714-3838
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
-------------------------
6 Month CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
GE Capital Bank A 500 0.700
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
Beal Bank USA C+ 1000 0.700
--- ---- -----
602-714-3838
www.bealbank.com
----------------
Carter Bank & Trust C+ 2500 0.700
--- ---- -----
276-632-2901
www.carterbankandtrust.com
--------------------------
Colorado Federal Savings Bank B 5000 0.700
--- ---- -----
877-484-2372
www.coloradofederalbank.com
---------------------------
Discover Bank C 500 0.650
--- --- -----
888-765-6654
www.discoverbank.com
--------------------
1 Year CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Colorado Federal Savings Bank B 5000 1.350
--- ---- -----
877-484-2372
www.coloradofederalbank.com
---------------------------
Synchrony Bank C+ 2000 1.230
--- ---- -----
866-869-4671
www.myoptimizerplus.com
-----------------------
Bank Direct B- 10000 1.210
--- ----- -----
877-839-2737
www.bankdirect.com
------------------
CIT Bank B 1000 1.200
--- ---- -----
801-412-6800
www.bankoncit.com
-----------------
VirtualBank B- 10000 1.160
--- ----- -----
561-776-8860
www.virtualbank.com
-------------------
2 Year CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Barclays Bank Delaware C 1 1.350
--- --- -----
888-710-8756
www.banking.barclaysus.com
--------------------------
iGObanking.com B- 1000 1.350
--- ---- -----
888-432-5890
www.igobanking.com
------------------
Synchrony Bank C+ 2000 1.350
--- ---- -----
866-869-4671
www.myoptimizerplus.com
-----------------------
NexBank, SSB B+ 10000 1.350
--- ----- -----
214-234-7280
www.nexbank.com
---------------
Ally Bank A- 1 1.290
--- --- -----
704-444-4752
www.ally.com
------------
3 Year CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
First NBC Bank B- 10000 1.770
--- ----- -----
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
--------------
Synchrony Bank C+ 2000 1.500
--- ---- -----
866-869-4671
www.myoptimizerplus.com
-----------------------
First Republic Bank B+ 10000 1.500
--- ----- -----
617-330-1288
www.firstrepublic.com
---------------------
4 Year CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Institution for Savings In Newburyport B 1 2.000
--- --- -----
978-462-3106
www.institutionforsavings.com
-----------------------------
BayCoast Bank C- 10 1.950
--- --- -----
508-678-7641
www.baycoastbank.com
--------------------
Nationwide Bank B 10000 1.860
--- ----- -----
877-422-6569
www.nationwide.com
------------------
Barclays Bank Delaware C 1 1.850
--- --- -----
888-710-8756
www.banking.barclaysus.com
--------------------------
CIT Bank B 1000 1.820
--- ---- -----
801-412-6800
www.bankoncit.com
-----------------
5 Year CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Barclays Bank Delaware C 1 2.250
--- --- -----
888-710-8756
www.banking.barclaysus.com
--------------------------
Compass Bank C+ 1 2.200
--- --- -----
334-409-7310
www.bbvacompass.com
-------------------
CIT Bank B 1000 2.200
--- ---- -----
801-412-6800
www.bankoncit.com
-----------------
Synchrony Bank C+ 2000 2.200
--- ---- -----
866-869-4671
www.myoptimizerplus.com
-----------------------
First Republic Bank B+ 10000 2.200
--- ----- -----
415-392-1400
www.firstrepublic.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@thestreet.com
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SOURCE TheStreet, Inc.
