10.09.2013 21:43:00

5-year CD Rates Tick Higher Offsetting Last Week's Dip

NEW YORK, Sept. 10, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for 5-year CD rates ticked higher this week, offsetting a slight dip the prior week, while all other CD rates generally remained unchanged at record-low levels.

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"CD rates were effectively unchanged from a week ago as banks wait one more week for the Federal Reserve's policy-making wing to offer guidance on its economic stimulus program," reported Joe Deaux, TheStreet's Economics Analyst.

Regionally, banks in New Haven, Conn. lowered rates across most CD rates offered, while the Boston money market rate dipped alongside its 3-month CDs. Dallas regional banks saw a basis point uptick in the 4-year CD, but Philadelphia saw no meaningful change in rates during the past week.  

NATIONAL AVERAGE RESULTS - $10K


This

week

Last

week

Money Market

0.11

0.11

1 month CD

0.06

0.06

3 month CD

0.09

0.09

6 month CD

0.14

0.14

1 year CD

0.23

0.23

2 year CD

0.37

0.37

3 year CD

0.50

0.50

4 year CD

0.63

0.63

5 year CD

0.81

0.80

BOSTON AVERAGE RESULTS - $10K


This

week

Last

week

Money Market

0.12

0.13

1 month CD

0.05

0.05

3 month CD

0.12

0.13

6 month CD

0.17

0.17

1 year CD

0.28

0.28

2 year CD

0.46

0.46

3 year CD

0.58

0.58

4 year CD

0.72

0.72

5 year CD

0.85

0.85

NEW HAVEN AVERAGE RESULTS - $10K


This

week

Last

week

Money Market

0.09

0.10

1 month CD

0.06

0.06

3 month CD

0.07

0.07

6 month CD

0.09

0.09

1 year CD

0.13

0.13

2 year CD

0.24

0.24

3 year CD

0.42

0.43

4 year CD

0.55

0.56

5 year CD

0.71

0.72

DALLAS AVERAGE RESULTS - $10K


This

week

Last

week

Money Market

0.11

0.11

1 month CD

0.06

0.06

3 month CD

0.10

0.10

6 month CD

0.16

0.16

1 year CD

0.28

0.28

2 year CD

0.42

0.42

3 year CD

0.55

0.55

4 year CD

0.66

0.65

5 year CD

0.86

0.86

PHILADELPHIA AVERAGE RESULTS - $10K


This

week

Last

week

Money Market

0.12

0.12

1 month CD

0.06

0.06

3 month CD

0.10

0.10

6 month CD

0.14

0.14

1 year CD

0.23

0.23

2 year CD

0.38

0.38

3 year CD

0.49

0.49

4 year CD

0.65

0.65

5 year CD

0.83

0.83

TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating isan 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

Strength

Rating

Minimum

to Earn

Interest

($)

APY
(%)

First NBC Bank

B-

10000

1.260

504-671-3550

www.firstnbcbank.com

Doral Bank

D-

5000

0.950

212-584-6820

www.doralbankny.com

Sallie Mae Bank

A-

1

0.900

801-281-1423

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

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

Pacific Trust Bank, FSB

C+

1

0.800

877-441-2265

www.pacifictrustbank.com

Carter Bank & Trust

C+

2500

0.500

276-632-2901

www.carterbankandtrust.com

Beal Bank USA

B-

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

3 Month CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

Pacific Trust Bank, FSB

C+

1

0.800

877-441-2265

www.pacifictrustbank.com

Beal Bank USA

B-

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

6 Month CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

Doral Bank

D-

500

1.000

212-584-6820

www.doralbankny.com

Pacific Trust Bank, FSB

C+

1

0.800

877-441-2265

www.pacifictrustbank.com

CapitalSource Bank

B+

10000

0.800

888-433-4272

www.capitalsourcebank.com

Beal Bank USA

B-

1000

0.750

702-598-3500

www.bealbank.com

Discover Bank

C+

2500

0.650

888-765-6654

www.discoverbank.com

1 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

Doral Bank

D-

500

1.200

212-584-6820

www.doralbankny.com

Beal Bank USA

B-

1000

1.110

786-347-3601

www.bealbank.com

CapitalSource Bank

B+

10000

1.010

888-433-4272

www.capitalsourcebank.com

Nationwide Bank

B+

10000

1.010

614-249-6226

www.nationwide.com

Ally Bank

B+

1

0.940

877-247-2559

www.ally.com

2 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

Doral Bank

D-

500

1.450

212-584-6820

www.doralbankny.com

Salem Five Direct

B-

10000

1.250

800-850-5000

www.salemfivedirect.com

Emigrant Bank

C+

1000

1.150

212-850-4521

www.emigrant.com

CapitalSource Bank

B+

10000

1.150

888-433-4272

www.capitalsourcebank.com

Nationwide Bank

B+

10000

1.150

614-249-6226

www.nationwide.com

3 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

First NBC Bank

B-

10000

1.820

504-671-3550

www.firstnbcbank.com

Doral Bank

D-

500

1.600

212-584-6820

www.doralbankny.com

Salem Five Direct

B-

10000

1.500

800-850-5000

www.salemfivedirect.com

Intervest National Bank

C

2500

1.450

212-218-8383

www.intervestnatbank.com

Community Bank

C+

1000

1.400

800-239-9427

www.dodcommunitybank.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

HarborOne Bank

 U

1

2.000

508-895-1000

www.harborone.com

Doral Bank

D-

500

1.650

212-584-6820

www.doralbankny.com

Emigrant Bank

C+

1000

1.650

212-850-4521

www.emigrant.com

Intervest National Bank

C

2500

1.650

212-218-8383

www.intervestnatbank.com

5 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

iGObanking.com

C+

1000

2.050

888-432-5890

www.igobanking.com

Institution for Savings In Newburyport

B

1

2.000

978-462-3106

www.institutionforsavings.com

Hingham Institution for Savings

B

500

2.000

781-749-2200

www.hinghamsavings.com

MidFirst Bank

B

500

2.000

602-801-5000

www.midfirst.com

State Farm Bank, FSB

C

500

2.000

877-734-2265

www.statefarm.com

 Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak, U=Unrated (new charter)  
                                         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 RateWatchFor 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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