NEW YORK, Nov. 25, 2015 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for four- and five-year CD terms each increased by one basis point this week 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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"Four- and five-year CD rates increased by one basis point each over the past week as economic data was mixed overall. An upward revision to GDP was offset by weak consumer confidence numbers Tuesday. Housing and employment data last week was generally positive," said Dan Freed, Senior Staff Reporter for TheStreet.
NATIONAL AVERAGE RESULTS - $10K
This Last week week ---- Money Market 0.15 0.15 ------------ ---- ---- 1 month CD 0.11 0.11 ---------- ---- ---- 3 month CD 0.15 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 0.94 --------- ---- ---- 5 year CD 1.17 1.16 --------- ---- ----
* 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 1.060 --- ----- ----- 504-671-3550 www.firstnbcbank.com -------------------- Salem Five Direct B 1 1.000 --- --- ----- 800-850-5000 www.salemfivedirect.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 ------------ Synchrony Bank C+ 10000 0.850 --- ----- ----- 866-869-4671 www.myoptimizerplus.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 ($) --- --- Atlas Bank, a division of Kearny Federal Savings C- 2500 1.010 --- ---- ----- 718-768-4800 www.atlasbank.com ----------------- Doral Bank E+ 500 0.950 --- --- ----- 850-447-3000 www.doralbankflorida.com ------------------------ Beal Bank USA B- 1000 0.750 --- ---- ----- 702-598-3500 www.bealbank.com ---------------- Chartway Federal Credit Union C+ 10000 0.750 --- ----- ----- 800-678-8765 www.chartway.com ---------------- GE Capital Bank A 500 0.700 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- 1 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Bank Direct B 10000 1.170 --- ----- ----- 877-839-2737 www.bankdirect.com ------------------ Sallie Mae Bank A- 2500 1.150 --- ---- ----- 877-346-2756 www.salliemaebank.com --------------------- Nationwide Bank B 10000 1.140 --- ----- ----- 877-422-6569 www.nationwide.com ------------------ GE Capital Bank A 500 1.100 --- --- ----- 801-517-5000 www.gecapitalbank.com --------------------- Doral Bank E+ 500 1.100 --- --- ----- 850-447-3000 www.doralbankflorida.com ------------------------ 2 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Chartway Federal Credit Union C+ 10000 1.510 --- ----- ----- 800-678-8765 www.chartway.com ---------------- iGObanking.com C+ 1000 1.400 --- ---- ----- 888-432-5890 www.igobanking.com ------------------ Nationwide Bank B 10000 1.330 --- ----- ----- 877-422-6569 www.nationwide.com ------------------ Doral Bank E+ 500 1.300 --- --- ----- 850-447-3000 www.doralbankflorida.com ------------------------ Flushing Commercial Bank C+ 5000 1.300 --- ---- ----- 718-512-2929 www.flushingbank.com -------------------- 3 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Oritani Savings Bank A- 1000 1.500 --- ---- ----- 201-664-5400 www.oritani.com --------------- Boiling Springs Savings Bank B- 1000 1.500 --- ---- ----- 201-939-6600 www.bssbank.com --------------- Charles Schwab U 1000 1.500 --- ---- ----- 800-435-4000 www.schwabbank.com ------------------ Nationwide Bank B 10000 1.500 --- ----- ----- 877-422-6569 www.nationwide.com ------------------ Chartway Federal Credit Union C+ 10000 1.460 --- ----- ----- 800-678-8765 www.chartway.com ---------------- 4 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Institution for Savings In Newburyport B 1 2.000 --- --- ----- 978-462-3106 www.institutionforsavings.com ----------------------------- Charles Schwab U 1000 2.000 --- ---- ----- 800-435-4000 www.schwabbank.com ------------------ BayCoast Bank C- 10 1.950 --- --- ----- 508-678-7641 www.baycoastbank.com -------------------- Nationwide Bank B 10000 1.950 --- ----- ----- 877-422-6569 www.nationwide.com ------------------ CIT Bank B+ 1000 1.900 --- ---- ----- 801-412-6800 www.bankoncit.com ----------------- 5 Year CD Financial Minimum APY Strength to Earn (%) Rating Interest ($) --- --- Chartway Federal Credit Union C+ 10000 2.520 --- ----- ----- 800-678-8765 www.chartway.com ---------------- Nationwide Bank B 10000 2.320 --- ----- ----- 877-422-6569 www.nationwide.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 -----------------
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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