TheStreet and RateWatch Report Top National & Regional CD Rate Issuer
NEW YORK, Sept. 9, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. TST reported today that the 2 and 4 year CD averages each increased by one basis point as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.
"Two- and four-year CD rates inched higher spurred by an aggressive European Central Bank, which cut interest rates Thursday and announced large scale bond purchases. Despite weak U.S. job numbers Friday, analysts are increasingly looking for the Federal Reserve to begin raising rates in the first half of 2015," said Dan Freed, Senior Writer for TheStreet.
NATIONAL AVERAGE RESULTS - $10K
|
This |
Last | |
|
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 |
0.55 |
|
3 year CD |
0.75 |
0.75 |
|
4 year CD |
0.94 |
0.93 |
|
5 year CD |
1.15 |
1.15 |
* 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 |
|
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 |
|
Great Southern Bank |
B |
250 |
0.450 |
|
417-888-4316 | |||
|
www.greatsouthernbank.com | |||
|
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 |
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 |
0.950 |
|
850-914-2525 | |||
|
www.doralbankflorida.com | |||
|
National Republic Bank of Chicago |
E+ |
1000 |
0.800 |
|
312-738-4900 | |||
|
www.nrbchicago.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 | |||
|
Colorado Federal Savings Bank |
B- |
5000 |
0.700 |
|
877-484-2372 | |||
|
www.coloradofederalbank.com | |||
|
1 Year CD |
Financial |
Minimum |
APY |
|
GE Capital Bank |
A |
500 |
1.100 |
|
801-517-5000 | |||
|
www.gecapitalbank.com | |||
|
Doral Bank |
D- |
500 |
1.100 |
|
850-914-2525 | |||
|
www.doralbankflorida.com | |||
|
Colorado Federal Savings Bank |
B- |
5000 |
1.100 |
|
877-484-2372 | |||
|
www.coloradofederalbank.com | |||
|
Nationwide Bank |
B |
10000 |
1.070 |
|
877-422-6569 | |||
|
www.nationwide.com | |||
|
Beal Bank USA |
C+ |
1000 |
1.060 |
|
702-598-3500 | |||
|
www.bealbank.com | |||
|
2 Year CD |
Financial |
Minimum |
APY |
|
Doral Bank |
D- |
500 |
1.300 |
|
850-914-2525 | |||
|
www.doralbankflorida.com | |||
|
EverBank |
B- |
1500 |
1.260 |
|
888-882-3837 | |||
|
www.everbank.com | |||
|
Columbia Bank |
C- |
500 |
1.250 |
|
201-794-5840 | |||
|
www.columbiabankonline.com | |||
|
Colorado Federal Savings Bank |
B- |
5000 |
1.250 |
|
877-484-2372 | |||
|
www.coloradofederalbank.com | |||
|
Nationwide Bank |
B |
10000 |
1.250 |
|
877-422-6569 | |||
|
www.nationwide.com | |||
|
3 Year CD |
Financial |
Minimum |
APY |
|
Doral Bank |
D- |
500 |
1.500 |
|
850-914-2525 | |||
|
www.doralbankflorida.com | |||
|
Oritani Savings Bank |
A- |
1000 |
1.500 |
|
201-664-5400 | |||
|
www.oritani.com | |||
|
EverBank |
B- |
1500 |
1.460 |
|
888-882-3837 | |||
|
www.everbank.com | |||
|
State Farm Bank, FSB |
C |
500 |
1.450 |
|
877-734-2265 | |||
|
www.statefarm.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 | |||
|
BayCoast Bank |
C- |
10 |
1.950 |
|
508-678-7641 | |||
|
www.baycoastbank.com | |||
|
EverBank |
B- |
1500 |
1.850 |
|
888-882-3837 | |||
|
www.everbank.com | |||
|
Nationwide Bank |
B |
10000 |
1.850 |
|
877-422-6569 | |||
|
www.nationwide.com | |||
|
CIT Bank |
B+ |
1000 |
1.800 |
|
801-412-6800 | |||
|
www.bankoncit.com | |||
|
5 Year CD |
Financial |
Minimum |
APY |
|
EverBank |
B- |
1500 |
2.300 |
|
888-882-3837 | |||
|
www.everbank.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 | |||
|
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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