Market Overview

CD Rates Hold Steady

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TheStreet and RateWatch Report Top National & Regional CD Rate Issuers

NEW YORK, July 14, 2015 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for CD rates of all durations this week 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.

TheStreet and RateWatch Report Top CD Rate Issuers.

"CD rates showed no increase this week," said Scott Gamm, TheStreet Economics Reporter. "Investors remain cautious on the timing of the Federal Reserve's rate hike. On Tuesday, a disappointing retail sales report took investors by surprise, as consumers scaled back spending during the month of June, despite the dramatic decline in gas prices. Consumers seem to feel wealthier, but aren't taking the extra step to spend the savings from the gas pump. Additional weak economic data could delay the Fed's rate hike."

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

0.37

0.37

2 year CD

0.57

0.57

3 year CD

0.78

0.78

4 year CD

0.96

0.96

5 year CD

1.19

1.19

 

* 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

1.010

504-671-3550

www.firstnbcbank.com

Salem Five Direct

B

1

1.000

800-850-5000

www.salemfivedirect.com

CrossFirst Bank

C+

1

1.000

316-925-4800

www.crossfirstbank.com

Incredible Bank

C+

1

0.950

877-261-4750

www.incrediblebank.com

Sallie Mae Bank

B+

1

0.900

877-346-2756

www.salliemaebank.com

1 Month CD

Financial Strength Rating

Minimum to Earn Interest
($)

APY
(%)

Carter Bank & Trust

C+

100

0.600

276-632-2901

www.carterbankandtrust.com

Great Southern Bank

B

250

0.500

417-888-4316

www.greatsouthernbank.com

Beal Bank, SSB

C

1000

0.400

619-894-8066

www.bealbank.com

Beal Bank USA

C

1000

0.360

602-714-3838

www.bealbank.com

Merchants Bank of Indiana

B+

1

0.350

765-874-2511

www.merchantsbankofindiana.com

3 Month CD

Financial Strength Rating

Minimum to Earn Interest
($)

APY
(%)

Carter Bank & Trust

C+

100

0.600

276-632-2901

www.carterbankandtrust.com

EverBank

B-

1500

0.600

888-882-3837

www.everbank.com

Umbrellabank.com

C

1000

0.510

866-862-7355

www.umbrellabank.com

Beal Bank USA

C

1000

0.510

602-714-3838

www.bealbank.com

Institution for Savings In Newburyport

B

1

0.500

978-462-3106

www.institutionforsavings.com

6 Month CD

Financial Strength Rating

Minimum to Earn Interest
($)

APY
(%)

Carter Bank & Trust

C+

100

0.800

276-632-2901

www.carterbankandtrust.com

GE Capital Bank

A

500

0.700

801-517-5000

www.gecapitalbank.com

First Internet Bank of Indiana

B-

1000

0.700

888-873-3424

www.firstib.com

Beal Bank USA

C

1000

0.700

602-714-3838

www.bealbank.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
(%)

CIT Bank

B

1000

1.250

801-412-6800

www.bankoncit.com

Synchrony Bank

C+

2000

1.250

866-869-4671

www.myoptimizerplus.com

Sallie Mae Bank

B+

2500

1.250

877-346-2756

www.salliemaebank.com

Bank Direct

B-

10000

1.210

877-839-2737

www.bankdirect.com

Colorado Federal Savings Bank

B-

5000

1.200

877-484-2372

www.coloradofederalbank.com

2 Year CD

Financial Strength Rating

Minimum to Earn Interest
($)

APY
(%)

Synchrony Bank

C+

2000

1.450

866-869-4671

www.myoptimizerplus.com

Crescent Bank & Trust

D

1000

1.360

504-556-5950

www.cbtno.com

iGObanking.com

B

1000

1.350

888-432-5890

www.igobanking.com

NexBank, SSB

A-

10000

1.350

214-234-7280

www.nexbank.com

First Internet Bank of Indiana

B-

1000

1.310

888-873-3424

www.firstib.com

3 Year CD

Financial Strength Rating

Minimum to Earn Interest
($)

APY
(%)

Institution for Savings In Newburyport

B

1

2.100

978-462-3106

www.institutionforsavings.com

Crescent Bank & Trust

D

1000

1.810

504-556-5950

www.cbtno.com

First NBC Bank

B-

10000

1.770

504-671-3550

www.firstnbcbank.com

Charles Schwab Bank, National Association

B

1000

1.650

888-303-0310

www.schwabbank.com

Charles Schwab

U

1000

1.650

713-229-0411

www.schwab.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

Charles Schwab Bank, National Association

B

1000

2.000

888-303-0310

www.schwabbank.com

Charles Schwab

U

1000

2.000

713-229-0411

www.schwab.com

BayCoast Bank

C-

10

1.950

508-678-7641

www.baycoastbank.com

EverBank

B-

1500

1.870

888-882-3837

www.everbank.com

5 Year CD

Financial Strength Rating

Minimum to Earn Interest
($)

APY
(%)

Charles Schwab Bank, National Association

B

1000

2.350

888-303-0310

www.schwabbank.com

Charles Schwab

U

1000

2.350

713-229-0411

www.schwab.com

EverBank

B-

1500

2.270

888-882-3837

www.everbank.com

Capital One 360

C+

1

2.250

302-255-3750

www.capitalone360.com

Capital One, National Association

C+

1

2.250

302-645-1361

www.capitalone.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: Scott Gamm, TheStreet, Inc., Scott.Gamm at thestreet.com

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SOURCE TheStreet, Inc.

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