TheStreet and RateWatch Report Top National & Regional CD Rate Issuer
NEW YORK, May 13, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. TST reported today that national averages this week for CD rates all durations remained unchanged as the Federal Reserve has continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.
"For the fourth week in a row CD rates remained unchanged, and it appears that savers should become accustomed to this lack of fluctuation. The Fed has backed down from a hard deadline for when it will raise rates, and instead is emphasizing that the central bank will keep rates low for 'considerable' time after it ends the economic stimulus program," reported Joe Deaux, Economics Analyst for TheStreet. "Savers may have to wait until the fall for clues as to the Fed's time table to push up the federal funds rate, which eventually will lead to an increase in CD rates."
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 |
0.36 |
0.36 |
|
2 year CD |
0.55 |
0.55 |
|
3 year CD |
0.75 |
0.75 |
|
4 year CD |
0.93 |
0.93 |
|
5 year CD |
1.14 |
1.14 |
|
* 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 - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.
|
Money Market |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
First NBC Bank |
B- |
10000 |
1.260 |
|
504-671-3550 | |||
|
www.firstnbcbank.com | |||
|
Salem Five Direct |
B |
1 |
1.000 |
|
800-850-5000 | |||
|
www.salemfivedirect.com | |||
|
Doral Bank |
D- |
1 |
0.930 |
|
212-584-6820 | |||
|
www.doralbankny.com | |||
|
Sallie Mae Bank |
A- |
1 |
0.900 |
|
877-346-2756 | |||
|
www.salliemaebank.com | |||
|
Mercantil Commercebank, National Association |
C |
10000 |
0.900 |
|
305-460-8701 | |||
|
www.mercantilcb.com | |||
|
1 Month CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Beal Bank USA |
C+ |
1000 |
0.400 |
|
702-598-3500 | |||
|
www.bealbank.com | |||
|
Umbrellabank.com |
C- |
1000 |
0.400 |
|
866-862-7355 | |||
|
www.umbrellabank.com | |||
|
Beal Bank, SSB |
C- |
1000 |
0.400 |
|
619-894-8066 | |||
|
www.bealbank.com | |||
|
Merchants Bank of Indiana |
A- |
1 |
0.350 |
|
765-874-2511 | |||
|
www.merchantsbankofindiana.com | |||
|
Pinnacle Bank |
B+ |
500 |
0.350 |
|
402-454-6515 | |||
|
www.pinnbank.com | |||
|
3 Month CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Beal Bank USA |
C+ |
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 | |||
|
Doral Bank |
D- |
500 |
0.500 |
|
850-914-2525 | |||
|
www.doralbankflorida.com | |||
|
Firstbank Florida |
D |
1000 |
0.500 |
|
305-740-9522 | |||
|
www.firstbankfla.com | |||
|
6 Month CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Doral Bank |
D- |
500 |
1.000 |
|
850-447-3000 | |||
|
www.doralbankflorida.com | |||
|
Beal Bank USA |
C+ |
1000 |
0.750 |
|
702-598-3500 | |||
|
www.bealbank.com | |||
|
GE Capital Bank |
A |
500 |
0.700 |
|
801-517-5000 | |||
|
www.gecapitalbank.com | |||
|
National Republic Bank of Chicago |
D- |
1000 |
0.700 |
|
312-738-4900 | |||
|
www.nrbchicago.com | |||
|
Colorado Federal Savings Bank |
B- |
5000 |
0.700 |
|
877-484-2372 | |||
|
www.coloradofederalbank.com | |||
|
1 Year CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Doral Bank |
D- |
500 |
1.200 |
|
212-584-6820 | |||
|
www.doralbankny.com | |||
|
Beal Bank USA |
C+ |
1000 |
1.110 |
|
786-347-3601 | |||
|
www.bealbank.com | |||
|
VirtualBank |
B |
10000 |
1.070 |
|
561-776-8860 | |||
|
www.virtualbank.com | |||
|
EverBank |
B- |
1500 |
1.060 |
|
888-882-3837 | |||
|
www.everbank.com | |||
|
GE Capital Bank |
A |
500 |
1.050 |
|
801-517-5000 | |||
|
www.gecapitalbank.com | |||
|
2 Year CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Institution for Savings In Newburyport |
B |
1 |
2.000 |
|
978-462-3106 | |||
|
www.institutionforsavings.com | |||
|
Doral Bank |
D- |
500 |
1.500 |
|
212-584-6820 | |||
|
www.doralbankny.com | |||
|
VirtualBank |
B |
10000 |
1.260 |
|
561-776-8860 | |||
|
www.virtualbank.com | |||
|
Salem Five Direct |
B |
10000 |
1.250 |
|
800-850-5000 | |||
|
www.salemfivedirect.com | |||
|
Cape Bank |
C+ |
500 |
1.200 |
|
609-465-5788 | |||
|
www.capebanknj.com | |||
|
3 Year CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Northern Bank & Trust Company |
B- |
500 |
1.600 |
|
781-937-5423 | |||
|
www.nbtc.com | |||
|
Doral Bank |
D- |
500 |
1.600 |
|
212-584-6820 | |||
|
www.doralbankny.com | |||
|
Oritani Savings Bank |
B+ |
1000 |
1.500 |
|
201-664-5400 | |||
|
www.oritani.com | |||
|
Sallie Mae Bank |
A- |
2500 |
1.450 |
|
877-346-2756 | |||
|
www.salliemaebank.com | |||
|
Intervest National Bank |
C |
2500 |
1.450 |
|
212-218-8383 | |||
|
www.intervestnatbank.com | |||
|
4 Year CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
Institution for Savings In Newburyport |
B |
1 |
2.000 |
|
978-462-3106 | |||
|
www.institutionforsavings.com | |||
|
VirtualBank |
B |
10000 |
1.790 |
|
561-776-8860 | |||
|
www.virtualbank.com | |||
|
EverBank |
B- |
1500 |
1.780 |
|
888-882-3837 | |||
|
www.everbank.com | |||
|
Northern Bank & Trust Company |
B- |
500 |
1.750 |
|
781-937-5423 | |||
|
www.nbtc.com | |||
|
Oritani Savings Bank |
B+ |
1000 |
1.750 |
|
201-664-5400 | |||
|
www.oritani.com | |||
|
5 Year CD |
Financial Strength Rating |
Minimum to Earn Interest ($) |
APY (%) |
|
VirtualBank |
B |
10000 |
2.310 |
|
561-776-8860 | |||
|
www.virtualbank.com | |||
|
CIT Bank |
B+ |
1000 |
2.251 |
|
801-412-6800 | |||
|
www.bankoncit.com | |||
|
Barclays Bank Delaware |
C+ |
1 |
2.250 |
|
888-710-8756 | |||
|
www.banking.barclaysus.com | |||
|
GE Capital Retail Bank |
C+ |
2000 |
2.250 |
|
866-869-4671 | |||
|
www.gecrb.com | |||
|
First Republic Bank |
B+ |
5000 |
2.250 |
|
415-392-1400 | |||
|
www.firstrepublic.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:
Emily Scheer
TheStreet, Inc.
212-321-5521
emily.scheer@thestreet.com
Logo - http://photos.prnewswire.com/prnh/20130102/NY35868LOGO-b
Logo - http://photos.prnewswire.com/prnh/20130219/NY62571LOGO
SOURCE TheStreet, Inc.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
