NEW YORK, July 30, 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. "The Federal Reserve passed on providing specifics in its July statement on when it will raise short-term interest rates. The Fed said it will be appropriate to raise rates when it has seen 'some further improvement' in the job market. Investors are looking ahead to next Friday's crucial July jobs report."
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 0.37 0.37 --------- ---- ---- 2 year CD 0.57 0.57 --------- ---- ---- 3 year CD 0.78 0.78 --------- ---- ---- 4 year CD 0.96 0.96 --------- ---- ---- 5 year CD 1.19 1.19 --------- ---- ----
* 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 1.010 --- ----- ----- 504-671-3550 www.firstnbcbank.com -------------------- Salem Five Direct B 1 1.000 --- --- ----- 800-850-5000 www.salemfivedirect.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 B+ 1 0.900 --- --- ----- 877-346-2756 www.salliemaebank.com --------------------- 1 Month CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Carter Bank & Trust C+ 100 0.600 --- --- ----- 276-632-2901 www.carterbankandtrust.com -------------------------- Great Southern Bank B 250 0.500 --- --- ----- 417-888-4316 www.greatsouthernbank.com ------------------------- Beal Bank, SSB C 1000 0.400 --- ---- ----- 619-894-8066 www.bealbank.com ---------------- Beal Bank USA C 1000 0.360 --- ---- ----- 602-714-3838 www.bealbank.com ---------------- Merchants Bank of Indiana B+ 1 0.350 --- --- ----- 765-874-2511 www.merchantsbankofindiana.com ------------------------------ 3 Month CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Carter Bank & Trust C+ 100 0.600 --- --- ----- 276-632-2901 www.carterbankandtrust.com -------------------------- Umbrellabank.com C 1000 0.510 --- ---- ----- 866-862-7355 www.umbrellabank.com -------------------- Beal Bank USA C 1000 0.510 --- ---- ----- 602-714-3838 www.bealbank.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 ($) --- --- Carter Bank & Trust C+ 100 0.800 --- --- ----- 276-632-2901 www.carterbankandtrust.com -------------------------- GE Capital Bank A 500 0.700 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- First Internet Bank of Indiana B- 1000 0.700 --- ---- ----- 888-873-3424 www.firstib.com --------------- Beal Bank USA C 1000 0.700 --- ---- ----- 602-714-3838 www.bealbank.com ---------------- Colorado Federal Savings Bank B- 5000 0.700 --- ---- ----- 877-484-2372 www.coloradofederalbank.com --------------------------- 1 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- CIT Bank B 1000 1.250 --- ---- ----- 801-412-6800 www.bankoncit.com ----------------- Synchrony Bank C+ 2000 1.250 --- ---- ----- 866-869-4671 www.myoptimizerplus.com ----------------------- Sallie Mae Bank B+ 2500 1.250 --- ---- ----- 877-346-2756 www.salliemaebank.com --------------------- Eloan.com D+ 10000 1.250 --- ----- ----- 888-533-5333 www.eloan.com ------------- Bank Direct B- 10000 1.210 --- ----- ----- 877-839-2737 www.bankdirect.com ------------------ 2 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Eloan.com D+ 10000 1.520 --- ----- ----- 888-533-5333 www.eloan.com ------------- Synchrony Bank C+ 2000 1.450 --- ---- ----- 866-869-4671 www.myoptimizerplus.com ----------------------- Crescent Bank & Trust D 1000 1.360 --- ---- ----- 504-556-5950 www.cbtno.com ------------- iGObanking.com B 1000 1.350 --- ---- ----- 888-432-5890 www.igobanking.com ------------------ NexBank, SSB A- 10000 1.350 --- ----- ----- 214-234-7280 www.nexbank.com --------------- 3 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Institution for Savings In Newburyport B 1 2.100 --- --- ----- 978-462-3106 www.institutionforsavings.com ----------------------------- Crescent Bank & Trust D 1000 1.810 --- ---- ----- 504-556-5950 www.cbtno.com ------------- First NBC Bank B- 10000 1.770 --- ----- ----- 504-671-3550 www.firstnbcbank.com -------------------- Charles Schwab Bank, National Association B 1000 1.700 --- ---- ----- 888-303-0310 www.schwabbank.com ------------------ Charles Schwab U 1000 1.700 --- ---- ----- 713-229-0411 www.schwab.com -------------- 4 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Charles Schwab Bank, National Association B 1000 2.050 --- ---- ----- 888-303-0310 www.schwabbank.com ------------------ Charles Schwab U 1000 2.050 --- ---- ----- 713-229-0411 www.schwab.com -------------- Institution for Savings In Newburyport B 1 2.000 --- --- ----- 978-462-3106 www.institutionforsavings.com ----------------------------- BayCoast Bank C- 10 1.950 --- --- ----- 508-678-7641 www.baycoastbank.com -------------------- EverBank B- 1500 1.910 --- ---- ----- 888-882-3837 www.everbank.com ---------------- 5 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Charles Schwab Bank, National Association B 1000 2.350 --- ---- ----- 888-303-0310 www.schwabbank.com ------------------ Charles Schwab U 1000 2.350 --- ---- ----- 713-229-0411 www.schwab.com -------------- EverBank B- 1500 2.310 --- ---- ----- 888-882-3837 www.everbank.com ---------------- Eloan.com D+ 10000 2.310 --- ----- ----- 888-533-5333 www.eloan.com ------------- Capital One 360 C+ 1 2.250 --- --- ----- 302-255-3750 www.capitalone360.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.