NEW YORK, Nov. 11, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that the 5 year national CD average increased this week by 0.01 to 1.17 as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.
"Markets barely reacted to the Republican-dominated midterm election results, and October's nonfarm payrolls report on Friday continued to demonstrate declining unemployment offset by stagnant wages," said Dan Freed, Senior Staff Reporter for TheStreet. "Five-year CD rates ticked higher by one basis point, to 1.17% from 1.16%, too small a move to signal any change in fixed income markets."
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 |
0.76 |
0.76 |
4 year CD |
0.94 |
0.94 |
5 year CD |
1.17 |
1.16 |
* 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 |
1.060 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
Salem Five Direct |
B |
1 |
1.000 |
800-850-5000 |
|||
www.salemfivedirect.com |
|||
Doral Bank |
E+ |
1 |
0.940 |
212-584-6820 |
|||
www.doralbankny.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 |
|||
1 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Great Southern Bank |
B |
250 |
0.500 |
417-888-4316 |
|||
www.greatsouthernbank.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 |
|||
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 |
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 |
|||
Great Southern Bank |
B |
250 |
0.500 |
417-888-4316 |
|||
www.greatsouthernbank.com |
|||
Doral Bank |
E+ |
500 |
0.500 |
850-914-2525 |
|||
www.doralbankflorida.com |
|||
6 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Doral Bank |
E+ |
500 |
0.950 |
850-914-2525 |
|||
www.doralbankflorida.com |
|||
Chartway Federal Credit Union |
C+ |
10000 |
0.850 |
800-678-8765 |
|||
www.chartway.com |
|||
Beal Bank USA |
B- |
1000 |
0.750 |
702-598-3500 |
|||
www.bealbank.com |
|||
GE Capital Bank |
A |
500 |
0.700 |
801-517-5000 |
|||
www.gecapitalbank.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 |
Sallie Mae Bank |
A- |
2500 |
1.150 |
877-346-2756 |
|||
www.salliemaebank.com |
|||
Nationwide Bank |
B |
10000 |
1.140 |
877-422-6569 |
|||
www.nationwide.com |
|||
GE Capital Bank |
A |
500 |
1.100 |
801-517-5000 |
|||
www.gecapitalbank.com |
|||
Doral Bank |
E+ |
500 |
1.100 |
850-914-2525 |
|||
www.doralbankflorida.com |
|||
Colorado Federal Savings Bank |
B- |
5000 |
1.100 |
877-484-2372 |
|||
www.coloradofederalbank.com |
|||
2 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Chartway Federal Credit Union |
C+ |
10000 |
1.510 |
800-678-8765 |
|||
www.chartway.com |
|||
Nationwide Bank |
B |
10000 |
1.330 |
877-422-6569 |
|||
www.nationwide.com |
|||
Doral Bank |
E+ |
500 |
1.300 |
850-914-2525 |
|||
www.doralbankflorida.com |
|||
First NBC Bank |
B- |
10000 |
1.260 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
AmTrust Bank |
B |
500 |
1.250 |
305-695-0882 |
|||
www.mynycb.com |
|||
3 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Chartway Federal Credit Union |
C+ |
10000 |
1.510 |
800-678-8765 |
|||
www.chartway.com |
|||
Doral Bank |
E+ |
500 |
1.500 |
850-914-2525 |
|||
www.doralbankflorida.com |
|||
Oritani Savings Bank |
A- |
1000 |
1.500 |
201-664-5400 |
|||
www.oritani.com |
|||
Boiling Springs Savings Bank |
B- |
1000 |
1.500 |
201-939-6600 |
|||
www.bssbank.com |
|||
Nationwide Bank |
B |
10000 |
1.500 |
877-422-6569 |
|||
www.nationwide.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 |
|||
Nationwide Bank |
B |
10000 |
1.950 |
877-422-6569 |
|||
www.nationwide.com |
|||
CIT Bank |
B+ |
1000 |
1.900 |
801-412-6800 |
|||
www.bankoncit.com |
|||
Barclays Bank Delaware |
C |
1 |
1.850 |
888-710-8756 |
|||
www.banking.barclaysus.com |
|||
5 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
Chartway Federal Credit Union |
C+ |
10000 |
2.520 |
800-678-8765 |
|||
www.chartway.com |
|||
Nationwide Bank |
B |
10000 |
2.320 |
877-422-6569 |
|||
www.nationwide.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 |
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 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 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
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Contact:
Emily Scheer
TheStreet, Inc.
212-321-5521
[email protected]
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