NEW YORK, April 2, 2013 /PRNewswire/ --RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that National averages for 3-year CD rates ticked slightly lower to 0.52% from the prior week's 0.53%, but have generally remained unchanged at record-low levels. The Federal Reserve has continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.
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Joe Deaux, TheStreet's Economist comments, "Several Fed officials -- presidents of the New York, Boston, Cleveland, Minneapolis and Chicago Fed banks -- last week reiterated their commitment to maintain the current pace of monthly purchases in mortgage-backed securities and longer-term Treasuries. The speeches came amid speculation among market participants as to when the central bank would begin to scale back its purchasing programs on improving U.S. economic data. While some analysts and economists have suggested the Fed may slow easing efforts in 2013, there is growing consensus that central bankers won't make changes to short-term interest rates and current quantitative easing until at least 2014."
NATIONAL AVERAGE RESULTS - $10K
This week | Last week | |
Money Market | 0.12 | 0.12 |
1 month CD | 0.06 | 0.06 |
3 month CD | 0.10 | 0.10 |
6 month CD | 0.15 | 0.15 |
1 year CD | 0.25 | 0.25 |
2 year CD | 0.39 | 0.39 |
3 year CD | 0.52 | 0.53 |
4 year CD | 0.65 | 0.65 |
5 year CD | 0.84 | 0.84 |
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/whatourratings-mean.aspx. Information is believed to be accurate, but not guaranteed.
Money Market | Financial | Minimum | APY |
Mercantil Commercebank, National Association | C | 10000 | 1.000 |
305-460-8701 | |||
www.mercantilcb.com | |||
Sallie Mae Bank | A- | 1 | 0.950 |
801-281-1423 | |||
www.salliemaebank.com | |||
Ally Bank | B+ | 1 | 0.840 |
877-247-2559 | |||
www.ally.com | |||
1 Month CD | Financial | Minimum | APY |
First NBC Bank | B- | 1000 | 0.510 |
504-671-3550 | |||
www.firstnbcbank.com | |||
Carter Bank & Trust | C+ | 2500 | 0.500 |
276-632-2901 | |||
www.carterbankandtrust.com | |||
Beal Bank USA | B- | 1000 | 0.400 |
702-598-3500 | |||
www.bealbankusa.com | |||
3 Month CD | Financial | Minimum | APY |
Eloan.com | C- | 10000 | 0.550 |
888-533-5333 | |||
www.eloan.com | |||
Beal Bank, SSB | C | 1000 | 0.511 |
713-888-3900 | |||
www.bealbank.com | |||
Beal Bank USA | B- | 1000 | 0.510 |
702-598-3500 | |||
www.bealbankusa.com | |||
6 Month CD | Financial | Minimum | APY |
Doral Bank | D- | 500 | 0.890 |
850-914-2525 | |||
www.doralbankflorida.com | |||
CapitalSource Bank | B | 10000 | 0.800 |
888-433-4272 | |||
www.capitalsourcebank.com | |||
Beal Bank USA | B- | 1000 | 0.750 |
702-598-3500 | |||
www.bealbankusa.com | |||
1 Year CD | Financial | Minimum | APY |
Doral Bank | D- | 500 | 1.200 |
212-584-6820 | |||
www.doralbankny.com | |||
Beal Bank USA | B- | 1000 | 1.110 |
786-347-3601 | |||
www.bealbankusa.com | |||
CIT Bank | B+ | 1000 | 1.010 |
801-412-6800 | |||
www.bankoncit.com | |||
2 Year CD | Financial | Minimum | APY |
Doral Bank | D- | 500 | 1.450 |
212-584-6820 | |||
www.doralbankny.com | |||
Nationwide Bank | B+ | 10000 | 1.200 |
614-249-6226 | |||
www.nationwide.com | |||
VirtualBank | C+ | 10000 | 1.160 |
561-776-8860 | |||
www.virtualbank.com | |||
3 Year CD | Financial | Minimum | APY |
First NBC Bank | B- | 10000 | 1.970 |
504-671-3550 | |||
www.firstnbcbank.com | |||
Doral Bank | D- | 500 | 1.550 |
212-584-6820 | |||
www.doralbankny.com | |||
Community Bank | C | 1000 | 1.450 |
800-239-9427 | |||
www.dodcommunitybank.com | |||
4 Year CD | Financial | Minimum | APY |
Institution for Savings In Newburyport | B | 1 | 1.750 |
978-462-3106 | |||
www.institutionforsavings.com | |||
Doral Bank | D- | 500 | 1.650 |
212-584-6820 | |||
www.doralbankny.com | |||
Emigrant Bank | C+ | 1000 | 1.650 |
212-850-4521 | |||
www.emigrant.com | |||
5 Year CD | Financial | Minimum | APY |
First NBC Bank | B- | 10000 | 2.120 |
504-671-3550 | |||
www.firstnbcbank.com | |||
Institution for Savings In Newburyport | B | 1 | 2.000 |
978-462-3106 | |||
www.institutionforsavings.com | |||
National Republic Bank of Chicago | C | 1000 | 1.870 |
312-738-4900 | |||
www.nrbchicago.com |
Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak
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 90,000 financial institution locations across the United States.
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 90,000 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. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, Chat on TheStreet, MainStreet and RateWatch. For more information on TheStreet's business, visit www.t.st. For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com, follow TheStreet on Facebook and Twitter, and access TheStreet through all major mobile and tablet platforms. For more information on The Deal, visit www.thedeal.com.
Contact:
Erin Corcoran
TheStreet, Inc.
212-321-5566
erin.corcoran@thestreet.com
SOURCE TheStreet
