Welcome!

News Feed Item

National Averages Of CD Rates Unchanged As Investors Await Further Insight

TheStreet and RateWatch Report Top National & Regional CD Rate Issuer

NEW YORK, Aug. 19, 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 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 Logo

"National averages of CD rates generally were unchanged as investors await further insight into the Federal Reserve's thinking on interest rates at an annual Aug. 21 gathering in Wyoming hosted by the Federal Reserve Bank of Kansas City," said Antoine Gara, Reporter for TheStreet. "The Fed, while it continues to reduce its monthly bond purchases in the face of a strengthening U.S. economy, continues to see significant underutilization in the labor market, indicating rates won't change for a considerable time after the end of its economic stimulus program."

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

0.55

0.55

3 year CD

0.75

0.75

4 year CD

0.93

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

Strength

Rating

Minimum

to Earn

Interest
($)

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

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

Synchrony Bank

C+

10000

0.850

866-869-4671

www.myoptimizerplus.com

1 Month CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

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

Carter Bank & Trust

C+

2500

0.400

276-632-2901

www.carterbankandtrust.com

3 Month CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

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

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

Doral Bank

D-

500

0.950

850-914-2525

www.doralbankflorida.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

National Republic Bank of Chicago

E+

1000

0.700

312-738-4900

www.nrbchicago.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
(%)

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

GE Capital Bank

A

500

1.050

801-517-5000

www.gecapitalbank.com

iGObanking.com

C+

1000

1.050

888-432-5890

www.igobanking.com

Synchrony Bank

C+

2000

1.050

866-869-4671

www.myoptimizerplus.com

2 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

APY
(%)

Doral Bank

D-

500

1.300

850-914-2525

www.doralbankflorida.com

Columbia Bank

C-

500

1.250

201-794-5840

www.columbiabankonline.com

EverBank

B-

1500

1.250

888-882-3837

www.everbank.com

Colorado Federal Savings Bank

B-

5000

1.250

877-484-2372

www.coloradofederalbank.com

Salem Five Direct

B

10000

1.250

800-850-5000

www.salemfivedirect.com

3 Year CD

Financial

Strength

Rating

Minimum

to Earn

Interest
($)

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

Strength

Rating

Minimum

to Earn

Interest
($)

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

Strength

Rating

Minimum

to Earn

Interest
($)

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
[email protected]

TheStreet and RateWatch Report Top CD Rate Issuers.

 

Logo - http://photos.prnewswire.com/prnh/20140603/93856

Logo - http://photos.prnewswire.com/prnh/20130219/NY62571LOGO

SOURCE TheStreet, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...