Growing consensus that central bank will not change rates until 2014

NEW YORK, April 2, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that National averages for 3-year CD rates ticked slightly lower to 0.52% from the prior week's 0.53%, but have generally remained unchanged at record-low levels. 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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Joe Deaux, TheStreet's Economist comments, "Several Fed officials -- presidents of the New York, Boston, Cleveland, Minneapolis and Chicago Fed banks -- last week reiterated their commitment to maintain the current pace of monthly purchases in mortgage-backed securities and longer-term Treasuries. The speeches came amid speculation among market participants as to when the central bank would begin to scale back its purchasing programs on improving U.S. economic data. While some analysts and economists have suggested the Fed may slow easing efforts in 2013, there is growing consensus that central bankers won't make changes to short-term interest rates and current quantitative easing until at least 2014."

NATIONAL AVERAGE RESULTS - $10K

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/whatourratings-mean.aspx.  Information is believed to be accurate, but not guaranteed.

Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak 
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 90,000 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 90,000 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.

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TheStreet, Inc.
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SOURCE TheStreet