NEW YORK, March 3, 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.
"CD rates saw no change from last week," said Scott Gamm, reporter with TheStreet.com. "The
Federal Reserve insists inflation is a key ingredient for
triggering a rate hike, but after last week's report from the
Bureau of Labor Statistics, consumer prices fell in January, with
core inflation rising only 0.2%. Tepid inflation leaves investors
wondering if a 2015 rate hike is off the table."
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
|
0.56
|
0.56
|
3 year CD
|
0.77
|
0.77
|
4 year CD
|
0.95
|
0.95
|
5 year CD
|
1.17
|
1.17
|
* 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
(%)
|
Salem Five
Direct
|
B
|
1
|
1.050
|
800-850-5000
|
www.salemfivedirect.com
|
First NBC
Bank
|
B-
|
10000
|
1.010
|
504-671-3550
|
www.firstnbcbank.com
|
CrossFirst
Bank
|
C+
|
1
|
1.000
|
316-925-4800
|
www.crossfirstbank.com
|
Sallie Mae
Bank
|
A-
|
1
|
0.900
|
877-346-2756
|
www.salliemaebank.com
|
Ally Bank
|
A-
|
1
|
0.850
|
704-444-4752
|
www.ally.com
|
1 Month
CD
|
Financial
Strength
Rating
|
Minimum
to Earn
Interest
($)
|
APY
(%)
|
Great Southern
Bank
|
B
|
250
|
0.500
|
417-888-4316
|
www.greatsouthernbank.com
|
Carter Bank &
Trust
|
C+
|
2500
|
0.450
|
276-632-2901
|
www.carterbankandtrust.com
|
Umbrellabank.com
|
C
|
1000
|
0.400
|
866-862-7355
|
www.umbrellabank.com
|
Beal Bank,
SSB
|
C
|
1000
|
0.400
|
619-894-8066
|
www.bealbank.com
|
Beal Bank
USA
|
B-
|
1000
|
0.360
|
602-714-3838
|
www.bealbank.com
|
3 Month
CD
|
Financial
Strength
Rating
|
Minimum
to Earn
Interest
($)
|
APY
(%)
|
Beal Bank
USA
|
B-
|
1000
|
0.510
|
602-714-3838
|
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
|
Great Southern
Bank
|
B
|
250
|
0.500
|
417-888-4316
|
www.greatsouthernbank.com
|
BAC Florida
Bank
|
C-
|
10000
|
0.500
|
305-789-7000
|
www.bacflorida.com
|
6 Month
CD
|
Financial
Strength
Rating
|
Minimum
to Earn
Interest
($)
|
APY
(%)
|
GE Capital
Bank
|
A
|
500
|
0.700
|
801-517-5000
|
www.gecapitalbank.com
|
Beal Bank
USA
|
B-
|
1000
|
0.700
|
602-714-3838
|
www.bealbank.com
|
Colorado Federal
Savings Bank
|
B-
|
5000
|
0.700
|
877-484-2372
|
www.coloradofederalbank.com
|
Discover
Bank
|
C
|
500
|
0.650
|
888-765-6654
|
www.discoverbank.com
|
Carter Bank &
Trust
|
C+
|
2500
|
0.650
|
276-632-2901
|
www.carterbankandtrust.com
|
1 Year
CD
|
Financial
Strength
Rating
|
Minimum
to Earn
Interest
($)
|
APY
(%)
|
Bank
Direct
|
B-
|
10000
|
1.210
|
877-839-2737
|
www.bankdirect.com
|
Synchrony
Bank
|
C+
|
2000
|
1.200
|
866-869-4671
|
www.myoptimizerplus.com
|
Nationwide
Bank
|
B
|
10000
|
1.190
|
877-422-6569
|
www.nationwide.com
|
VirtualBank
|
B
|
10000
|
1.160
|
561-776-8860
|
www.virtualbank.com
|
Trustco
Bank
|
B
|
500
|
1.150
|
845-485-6419
|
www.trustcobank.com
|
2 Year
CD
|
Financial
Strength
Rating
|
Minimum
to Earn
Interest
($)
|
APY
(%)
|
Synchrony
Bank
|
C+
|
2000
|
1.350
|
866-869-4671
|
www.myoptimizerplus.com
|
Nationwide
Bank
|
B
|
10000
|
1.350
|
877-422-6569
|
www.nationwide.com
|
GE Capital
Bank
|
A
|
500
|
1.300
|
801-517-5000
|
www.gecapitalbank.com
|
Ally Bank
|
A-
|
1
|
1.290
|
704-444-4752
|
www.ally.com
|
VirtualBank
|
B
|
10000
|
1.260
|
561-776-8860
|
www.virtualbank.com
|
3 Year
CD
|
Financial
Strength
Rating
|
Minimum
to Earn
Interest
($)
|
APY
(%)
|
First NBC
Bank
|
B-
|
10000
|
1.770
|
504-671-3550
|
www.firstnbcbank.com
|
Bank of
Utica
|
A
|
500
|
1.500
|
315-797-2700
|
www.bankofutica.com
|
Oritani Savings
Bank
|
A-
|
1000
|
1.500
|
201-664-5400
|
www.oritani.com
|
Capitol Federal
Savings Bank
|
B
|
1000
|
1.500
|
785-235-1341
|
www.capfed.com
|
Boiling Springs
Savings Bank
|
B-
|
1000
|
1.500
|
201-939-6600
|
www.bssbank.com
|
4 Year
CD
|
Financial
Strength
Rating
|
Minimum
to Earn
Interest
($)
|
APY
(%)
|
Institution for
Savings In Newburyport
|
B
|
1
|
2.000
|
978-462-3106
|
www.institutionforsavings.com
|
Bank of
Utica
|
A
|
500
|
2.000
|
315-797-2700
|
www.bankofutica.com
|
BayCoast
Bank
|
C-
|
10
|
1.950
|
508-678-7641
|
www.baycoastbank.com
|
CIT Bank
|
B
|
1000
|
1.900
|
801-412-6800
|
www.bankoncit.com
|
Nationwide
Bank
|
B
|
10000
|
1.900
|
877-422-6569
|
www.nationwide.com
|
5 Year
CD
|
Financial
Strength
Rating
|
Minimum
to Earn
Interest
($)
|
APY
(%)
|
Bank of
Utica
|
A
|
500
|
2.500
|
315-797-2700
|
www.bankofutica.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
|
Northfield
Bank
|
B
|
2500
|
2.250
|
718-448-1000
|
www.enorthfield.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
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learn more, visit www.thedeal.com.
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Contact: Scott Gamm, TheStreet,
Inc., 212-321-5249, scott.gamm at thestreet.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/cd-rates-held-steady-300044963.html
SOURCE TheStreet, Inc.