THESTREET, INC. 
By NEW YORK, Jan. 28, 2014 /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 remained unchanged this week 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.
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"The absence of a shift in CD rates suggests that banks are weighing the recent slide in major equity indices on the back of softer U.S. economic data against the possibility that the Fed won't further scale back its economic stimulus program," reported Joe Deaux, TheStreet's Economics Analyst. "A pause by the central bank in slowing monetary stimulus would signal to market participants that the Fed will postpone a boost in interest rates longer than anticipated. Savers should know that more cuts in monthly Treasury and mortgage-backed security purchases leave the status quo in place of approaching higher rates."
NATIONAL AVERAGE RESULTS - $10K
This week Last week
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Money Market 0.10 0.10
------------ ---- ----
1 month CD 0.06 0.06
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3 month CD 0.09 0.09
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6 month CD 0.14 0.14
---------- ---- ----
1 year CD 0.23 0.23
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2 year CD 0.37 0.37
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3 year CD 0.51 0.51
--------- ---- ----
4 year CD 0.63 0.63
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5 year CD 0.82 0.82
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TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visitwww.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.
Money Market Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
First NBC Bank B- 10000 1.260
--- ----- -----
504-671-3550
www.firstnbcbank.com
--------------------
Doral Bank D- 5000 0.940
--- ---- -----
212-584-6820
www.doralbankny.com
-------------------
Sallie Mae Bank A- 1 0.900
--- --- -----
877-346-2756
www.salliemaebank.com
---------------------
Salem Five Direct B 1 0.900
--- --- -----
800-850-5000
www.salemfivedirect.com
-----------------------
Mercantil Commercebank, National Association C 10000 0.900
--- ----- -----
305-460-8701
www.mercantilcb.com
-------------------
1 Month CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
Beal Bank USA C+ 1000 0.400
--- ---- -----
702-598-3500
www.bealbank.com
----------------
Umbrellabank.com C- 1000 0.400
--- ---- -----
866-862-7355
www.umbrellabank.com
--------------------
Beal Bank, SSB C- 1000 0.400
--- ---- -----
619-894-8066
www.bealbank.com
----------------
Merchants Bank of Indiana A- 1 0.350
--- --- -----
765-874-2511
www.merchantsbankofindiana.com
------------------------------
Pinnacle Bank B+ 500 0.350
--- --- -----
402-454-6515
www.pinnbank.com
----------------
3 Month CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
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
(%)
Strength to Earn
Rating Interest
($)
--- ---
Doral Bank D- 500 1.000
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
Beal Bank USA C+ 1000 0.750
--- ---- -----
702-598-3500
www.bealbank.com
----------------
GE Capital Bank A 500 0.700
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
Discover Bank C 500 0.650
--- --- -----
888-765-6654
www.discoverbank.com
--------------------
VirtualBank B- 10000 0.650
--- ----- -----
561-776-8860
www.virtualbank.com
-------------------
1 Year CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
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
----------------
CIT Bank B+ 1000 1.020
--- ---- -----
801-412-6800
www.bankoncit.com
-----------------
GE Capital Bank A 500 1.000
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
Ally Bank B+ 1 0.990
--- --- -----
877-247-2559
www.ally.com
------------
2 Year CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
Doral Bank D- 500 1.450
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
CIT Bank B+ 1000 1.170
--- ---- -----
801-412-6800
www.bankoncit.com
-----------------
GE Capital Bank A 500 1.150
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
Guaranty Bond Bank, National Association B+ 1000 1.150
--- ---- -----
903-572-9881
www.gnty.com
------------
Emigrant Bank C- 1000 1.150
--- ---- -----
212-850-4521
www.emigrant.com
----------------
3 Year CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
Northern Bank & Trust Company C+ 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
---------------
Intervest National Bank C- 2500 1.450
--- ---- -----
212-218-8383
www.intervestnatbank.com
------------------------
Boiling Springs Savings Bank C+ 1000 1.400
--- ---- -----
201-939-6600
www.bssbank.com
---------------
4 Year CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
Institution for Savings In Newburyport B 1 2.000
--- --- -----
978-462-3106
www.institutionforsavings.com
-----------------------------
Oritani Savings Bank B+ 1000 1.750
--- ---- -----
201-664-5400
www.oritani.com
---------------
EverBank C+ 1500 1.680
--- ---- -----
888-882-3837
www.everbank.com
----------------
Nationwide Bank B 10000 1.670
--- ----- -----
877-422-6569
www.nationwide.com
------------------
Doral Bank D- 500 1.650
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
5 Year CD Financial Minimum APY
(%)
Strength to Earn
Rating Interest
($)
--- ---
EverBank C+ 1500 2.160
--- ---- -----
888-882-3837
www.everbank.com
----------------
iGObanking.com C+ 1000 2.150
--- ---- -----
888-432-5890
www.igobanking.com
------------------
Flushing Commercial Bank C+ 5000 2.150
--- ---- -----
718-512-2929
www.flushingbank.com
--------------------
Dime Savings Bank of Williamsburgh B- 500 2.100
--- --- -----
718-782-6200
www.dsbwdirect.com
------------------
State Farm Bank, FSB C 500 2.050
--- --- -----
877-734-2265
www.statefarm.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 96,000 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 96,000 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 Schneider
TheStreet, Inc.
212-321-5521
emily.schneider@thestreet.com
Joe Deaux
TheStreet, Inc.
212-321-5086
joseph.deaux@thestreet.com
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