THESTREET, INC. 
By NEW YORK, Jan. 2, 2014 /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 increased one basis point this week, while other durations remained unchanged this week as 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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"With the Federal Reserve's decision to scale back its economic stimulus program, and its possible conclusion this year, savers should be prepared to watch CD rates creep higher through 2014," reported Joe Deaux, TheStreet's Economics Analyst. "Simply, for the first time since before the 2008 financial crisis, individuals seeking a higher yield in their cash investments should keep an eye on certificates of deposits in the coming year."
NATIONAL AVERAGE RESULTS - $10K
This Last
week week
---- ----
Money Market 0.10 0.10
------------ ---- ----
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 0.51 0.51
--------- ---- ----
4 year CD 0.63 0.63
--------- ---- ----
5 year CD 0.82 0.81
--------- ---- ----
TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.
Money Market Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
First NBC Bank B- 10000 1.260
--- ----- -----
504-671-3550
www.firstnbcbank.com
--------------------
Doral Bank D- 5000 0.940
--- ---- -----
212-584-6820
www.doralbankny.com
-------------------
Sallie Mae Bank A- 1 0.900
--- --- -----
801-281-1423
www.salliemaebank.com
---------------------
Mercantil Commercebank, National Association C 10000 0.900
--- ----- -----
305-460-8701
www.mercantilcb.com
-------------------
Ally Bank B+ 1 0.850
--- --- -----
877-247-2559
www.ally.com
------------
1 Month CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Beal Bank USA C+ 1000 0.400
--- ---- -----
702-598-3500
www.bealbank.com
----------------
Umbrellabank.com C 1000 0.400
--- ---- -----
866-862-7355
www.umbrellabank.com
--------------------
Beal Bank, SSB C 1000 0.400
--- ---- -----
619-894-8066
www.bealbank.com
----------------
Merchants Bank of Indiana A 1 0.350
--- --- -----
765-874-2511
www.merchantsbankofindiana.com
------------------------------
Pinnacle Bank B 500 0.350
--- --- -----
402-454-6515
www.pinnbank.com
----------------
3 Month CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
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 Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Doral Bank D- 500 1.000
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
Beal Bank USA C+ 1000 0.750
--- ---- -----
702-598-3500
www.bealbank.com
----------------
GE Capital Bank A 500 0.700
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
Discover Bank C+ 500 0.650
--- --- -----
888-765-6654
www.discoverbank.com
--------------------
VirtualBank B- 10000 0.650
--- ----- -----
561-776-8860
www.virtualbank.com
-------------------
1 Year CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Doral Bank D- 500 1.200
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
Beal Bank USA C+ 1000 1.110
--- ---- -----
786-347-3601
www.bealbank.com
----------------
CIT Bank B+ 1000 1.020
--- ---- -----
801-412-6800
www.bankoncit.com
-----------------
GE Capital Bank A 500 1.000
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
Nationwide Bank B+ 10000 0.960
--- ----- -----
614-249-6226
www.nationwide.com
------------------
2 Year CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Doral Bank D- 500 1.450
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
CIT Bank B+ 1000 1.170
--- ---- -----
801-412-6800
www.bankoncit.com
-----------------
GE Capital Bank A 500 1.150
--- --- -----
801-517-5000
www.gecapitalbank.com
---------------------
First Guaranty Bank C+ 500 1.150
--- --- -----
985-345-7685
www.fgb.net
-----------
Guaranty Bond Bank, National Association B+ 1000 1.150
--- ---- -----
903-572-9881
www.gnty.com
------------
3 Year CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Institution for Savings In Newburyport B 1 2.000
--- --- -----
978-462-3106
www.institutionforsavings.com
-----------------------------
Doral Bank D- 500 1.600
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
First Guaranty Bank C+ 500 1.450
--- --- -----
985-345-7685
www.fgb.net
-----------
Intervest National Bank C 2500 1.450
--- ---- -----
212-218-8383
www.intervestnatbank.com
------------------------
Boiling Springs Savings Bank C+ 1000 1.400
--- ---- -----
201-939-6600
www.bssbank.com
---------------
4 Year CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
Institution for Savings In Newburyport B 1 2.000
--- --- -----
978-462-3106
www.institutionforsavings.com
-----------------------------
HarborOne Bank U 1 2.000
--- --- -----
508-895-1000
www.harborone.com
-----------------
EverBank C+ 1500 1.680
--- ---- -----
888-882-3837
www.everbank.com
----------------
Nationwide Bank B+ 10000 1.670
--- ----- -----
614-249-6226
www.nationwide.com
------------------
Doral Bank D- 500 1.650
--- --- -----
212-584-6820
www.doralbankny.com
-------------------
5 Year CD Financial Minimum APY
Strength to Earn (%)
Rating Interest
($)
--- ---
EverBank C+ 1500 2.160
--- ---- -----
888-882-3837
www.everbank.com
----------------
iGObanking.com C+ 1000 2.150
--- ---- -----
888-432-5890
www.igobanking.com
------------------
Flushing Commercial Bank C+ 5000 2.150
--- ---- -----
718-512-2929
www.flushingbank.com
--------------------
VirtualBank B- 10000 2.020
--- ----- -----
561-776-8860
www.virtualbank.com
-------------------
GE Capital Bank A 500 2.010
--- --- -----
801-517-5000
www.gecapitalbank.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 96,000 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 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
SOURCE TheStreet, Inc.
