NEW YORK, Feb. 10, 2015 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that the national average for the 3 month CD decreased by one tenth of one percentage point this week down to 0.14. CD rates of 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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"CD rates edged down slightly," said Scott Gamm, reporter with TheStreet.com. "The economy continues to show strength as illustrated in last week's better-than-expected jobs report, fanning speculation that a 2015 rate hike by the Federal Reserve is all the more likely."
NATIONAL AVERAGE RESULTS - $10K
This Last week week ---- Money Market 0.15 0.15 ------------ ---- ---- 1 month CD 0.11 0.11 ---------- ---- ---- 3 month CD 0.14 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 --------------------- Doral Bank E+ 1 0.900 --- --- ----- 212-584-6820 www.doralbankny.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 ($) --- --- Doral Bank E+ 500 0.950 --- --- ----- 850-447-3000 www.doralbankflorida.com ------------------------ Beal Bank USA B- 1000 0.750 --- ---- ----- 702-598-3500 www.bealbank.com ---------------- GE Capital Bank A 500 0.700 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- Colorado Federal Savings Bank B- 5000 0.700 --- ---- ----- 877-484-2372 www.coloradofederalbank.com --------------------------- Discover Bank C 500 0.650 --- --- ----- 888-765-6654 www.discoverbank.com -------------------- 1 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Doral Bank E+ 500 1.200 --- --- ----- 212-584-6820 www.doralbankny.com ------------------- Synchrony Bank C+ 2000 1.200 --- ---- ----- 866-869-4671 www.myoptimizerplus.com ----------------------- Bank Direct B- 10000 1.170 --- ----- ----- 877-839-2737 www.bankdirect.com ------------------ VirtualBank B 10000 1.160 --- ----- ----- 561-776-8860 www.virtualbank.com ------------------- Sallie Mae Bank A- 2500 1.150 --- ---- ----- 877-346-2756 www.salliemaebank.com --------------------- 2 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Doral Bank E+ 500 1.450 --- --- ----- 212-584-6820 www.doralbankny.com ------------------- Synchrony Bank C+ 2000 1.350 --- ---- ----- 866-869-4671 www.myoptimizerplus.com ----------------------- Nationwide Bank B 10000 1.330 --- ----- ----- 877-422-6569 www.nationwide.com ------------------ GE Capital Bank A 500 1.300 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- Ally Bank A- 1 1.290 --- --- ----- 877-247-2559 www.ally.com ------------ 3 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Doral Bank E+ 500 1.600 --- --- ----- 212-584-6820 www.doralbankny.com ------------------- First NBC Bank B- 10000 1.510 --- ----- ----- 504-671-3550 www.firstnbcbank.com -------------------- Bank of Utica A 500 1.500 --- --- ----- 315-797-2700 www.bankofutica.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 -------------- 4 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Morton Community Bank B+ 1000 2.050 --- ---- ----- 309-266-5337 www.hometownbanks.com --------------------- Manito Community Bank B+ 1000 2.050 --- ---- ----- 309-968-6819 www.hometownbanks.com --------------------- Fairbury-Cropsey Community Bank B+ 1000 2.050 --- ---- ----- 815-692-4000 www.hometownbanks.com --------------------- Farmington Community Bank B+ 1000 2.050 --- ---- ----- 309-245-2446 www.hometownbanks.com --------------------- Citizens National Bank B+ 1000 2.050 --- ---- ----- 309-833-4551 www.citizensnational.net ------------------------ 5 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Bank of Utica A 500 2.500 --- --- ----- 315-797-2700 www.bankofutica.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 ----------------- Republic Bank of Chicago C- 1000 2.250 773-581-4500 www.republicebank.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.
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SOURCE TheStreet, Inc.