THESTREET, INC. NEW YORK, March 24, 2015 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that 3 month CD national averages dipped back down to 0.14 from 0.15 this week while national averages for 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 dipped slightly over the past week," said Scott Gamm, reporter with TheStreet.com. "While investors are watching for any clues from the Federal Reserve on a rate hike timeline, Fed Vice Chairman Stanley Fischer said in a Monday speech in New York that a rise in the fed funds rate will likely come before the end of 2015, but gave no further specifics."
NATIONAL AVERAGE RESULTS - $10K
This week Last week
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Money Market 0.15 0.15
------------ ---- ----
1 month CD 0.11 0.11
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3 month CD 0.14 0.15
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6 month CD 0.23 0.23
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1 year CD 0.36 0.36
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2 year CD 0.56 0.56
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3 year CD 0.77 0.77
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4 year CD 0.95 0.95
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5 year CD 1.17 1.17
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* 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
----------------------
Sallie Mae Bank A- 1 0.900
--- --- -----
877-346-2756
www.salliemaebank.com
---------------------
Ally Bank A- 1 0.850
--- --- -----
704-444-4752
www.ally.com
------------
1 Month CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
Great Southern Bank B 250 0.500
--- --- -----
417-888-4316
www.greatsouthernbank.com
-------------------------
Carter Bank & Trust C+ 2500 0.450
--- ---- -----
276-632-2901
www.carterbankandtrust.com
--------------------------
Umbrellabank.com C- 1000 0.400
--- ---- -----
866-862-7355
www.umbrellabank.com
--------------------
Beal Bank, SSB C- 1000 0.400
--- ---- -----
619-894-8066
www.bealbank.com
----------------
Beal Bank USA C+ 1000 0.360
--- ---- -----
602-714-3838
www.bealbank.com
----------------
3 Month CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
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
-------------------------
BAC Florida Bank C 10000 0.500
--- ----- -----
305-789-7000
www.bacflorida.com
------------------
6 Month CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
GE Capital Bank A 500 0.700
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
Beal Bank USA C+ 1000 0.700
--- ---- -----
602-714-3838
www.bealbank.com
----------------
Colorado Federal Savings Bank B 5000 0.700
--- ---- -----
877-484-2372
www.coloradofederalbank.com
---------------------------
Discover Bank C 500 0.650
--- --- -----
888-765-6654
www.discoverbank.com
--------------------
NexBank, SSB B+ 10000 0.650
--- ----- -----
214-234-7280
www.nexbank.com
---------------
1 Year CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
Bank Direct B- 10000 1.210
--- ----- -----
877-839-2737
www.bankdirect.com
------------------
CIT Bank B 1000 1.200
--- ---- -----
801-412-6800
www.bankoncit.com
-----------------
Synchrony Bank C+ 2000 1.200
--- ---- -----
866-869-4671
www.myoptimizerplus.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
($)
--- ---
Synchrony Bank C+ 2000 1.350
--- ---- -----
866-869-4671
www.myoptimizerplus.com
-----------------------
NexBank, SSB B+ 10000 1.350
--- ----- -----
214-234-7280
www.nexbank.com
---------------
GE Capital Bank A 500 1.300
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
Nationwide Bank B 10000 1.300
--- ----- -----
877-422-6569
www.nationwide.com
------------------
Ally Bank A- 1 1.290
--- --- -----
704-444-4752
www.ally.com
------------
3 Year CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
Institution for Savings In Newburyport B 1 2.000
--- --- -----
978-462-3106
www.institutionforsavings.com
-----------------------------
First NBC Bank B- 10000 1.770
--- ----- -----
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
($)
--- ---
Institution for Savings In Newburyport B 1 2.000
--- --- -----
978-462-3106
www.institutionforsavings.com
-----------------------------
Bank of Utica A 500 2.000
--- --- -----
315-797-2700
www.bankofutica.com
-------------------
BayCoast Bank C- 10 1.950
--- --- -----
508-678-7641
www.baycoastbank.com
--------------------
EverBank B- 1500 1.900
--- ---- -----
888-882-3837
www.everbank.com
----------------
Nationwide Bank B 10000 1.900
--- ----- -----
877-422-6569
www.nationwide.com
------------------
5 Year CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
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
---------------------
EverBank B- 1500 2.250
--- ---- -----
888-882-3837
www.everbank.com
----------------
Northfield Bank B 2500 2.250
--- ---- -----
718-448-1000
www.enorthfield.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.
