TheStreet and RateWatch Report Top National & Regional CD Rate Issuer
NEW YORK, July 8, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. TST reported today that national averages this week for 5-year CD rates dipped while 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.
"National averages of CD rates remain steady as Fed officials' comments are unclear as to when the central bank will begin to raise the federal funds rate," reported Joe Deaux, TheStreet's Economics Analyst. "While Chairman Janet Yellen says rates won't change for a considerable time after the end of the Fed's economic stimulus program, other Fed officials say a rate hike could come as early as the end of the first quarter in 2015. Savers may have to wait until the Fall for clearer Fed messaging as to when rates will increase."
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 |
1.15 |
|
|
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 |
|
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 |
0.940 |
|
212-584-6820 | |||
|
www.doralbankny.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 | |||
|
1 Month CD |
Financial |
Minimum |
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 | |||
|
Carter Bank & Trust |
C+ |
2500 |
0.400 |
|
276-632-2901 | |||
|
www.carterbankandtrust.com | |||
|
Merchants Bank of Indiana |
B+ |
1 |
0.350 |
|
765-874-2511 | |||
|
www.merchantsbankofindiana.com | |||
|
3 Month CD |
Financial |
Minimum |
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 |
Minimum |
APY |
|
Doral Bank |
D- |
500 |
1.000 |
|
212-584-6820 | |||
|
www.doralbankny.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 |
E+ |
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 |
Minimum |
APY |
|
Doral Bank |
D- |
500 |
1.250 |
|
212-584-6820 | |||
|
www.doralbankny.com | |||
|
Beal Bank USA |
C+ |
1000 |
1.110 |
|
786-347-3601 | |||
|
www.bealbank.com | |||
|
GE Capital Bank |
A |
500 |
1.100 |
|
801-517-5000 | |||
|
www.gecapitalbank.com | |||
|
EverBank |
B- |
1500 |
1.100 |
|
888-882-3837 | |||
|
www.everbank.com | |||
|
VirtualBank |
B |
10000 |
1.070 |
|
561-776-8860 | |||
|
www.virtualbank.com | |||
|
2 Year CD |
Financial |
Minimum |
APY |
|
Doral Bank |
D- |
500 |
1.500 |
|
212-584-6820 | |||
|
www.doralbankny.com | |||
|
EverBank |
B- |
1500 |
1.260 |
|
888-882-3837 | |||
|
www.everbank.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 | |||
|
GE Capital Bank |
A |
500 |
1.200 |
|
801-517-5000 | |||
|
www.gecapitalbank.com | |||
|
3 Year CD |
Financial |
Minimum |
APY |
|
Doral Bank |
D- |
500 |
1.650 |
|
212-584-6820 | |||
|
www.doralbankny.com | |||
|
Northern Bank & Trust Company |
B |
500 |
1.600 |
|
781-937-5423 | |||
|
www.nbtc.com | |||
|
Oritani Savings Bank |
A- |
1000 |
1.500 |
|
201-664-5400 | |||
|
www.oritani.com | |||
|
EverBank |
B- |
1500 |
1.450 |
|
888-882-3837 | |||
|
www.everbank.com | |||
|
Sallie Mae Bank |
A- |
2500 |
1.450 |
|
877-346-2756 | |||
|
www.salliemaebank.com | |||
|
4 Year CD |
Financial |
Minimum |
APY |
|
Institution for Savings In Newburyport |
B |
1 |
2.000 |
|
978-462-3106 | |||
|
www.institutionforsavings.com | |||
|
First Republic Bank |
B+ |
10000 |
1.900 |
|
415-392-1400 | |||
|
www.firstrepublic.com | |||
|
EverBank |
B- |
1500 |
1.790 |
|
888-882-3837 | |||
|
www.everbank.com | |||
|
Nationwide Bank |
B |
10000 |
1.790 |
|
877-422-6569 | |||
|
www.nationwide.com | |||
|
VirtualBank |
B |
10000 |
1.790 |
|
561-776-8860 | |||
|
www.virtualbank.com | |||
|
5 Year CD |
Financial |
Minimum |
APY |
|
EverBank |
B- |
1500 |
2.300 |
|
888-882-3837 | |||
|
www.everbank.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 Bank |
A |
500 |
2.250 |
|
801-517-5000 | |||
|
www.gecapitalbank.com | |||
|
Synchrony Bank |
C+ |
2000 |
2.250 |
|
866-869-4671 | |||
|
www.myoptimizerplus.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
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