THESTREET, INC. 
By NEW YORK, Jan. 29, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that interest rates for savings products are holding steady. The average interest rate on a 5-year CD decreased by one basis point based on data collected from over 90,000 financial institution locations.
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Market yields for 10-year U.S. Treasury bonds reached the 2.00% line on Monday, for the first time since April 25 of last year, according to the Treasury's data. The recent rise in long-term rates will eventually bode well for profitability for many banks, as yields on other long-term assets rise, although in the near term, a concurrent rise in mortgage backed securities yields means lower profits for banks on the sale of newly originated loans.
It is too early in this rate cycle for the rising long-term rates to translate to higher deposit rates. The Federal Reserve Open Market Committee in December said that it expected to keep its target short-term federal funds rate in a target range of zero to 0.25% for "at least as long as the unemployment rate remains above 6-1/2 percent," and as long as inflation projections remain within 0.5% of the central bank's long-term goal of 2%.
NATIONAL AVERAGE RESULTS - $10K
This Last
week week
---- ----
Money Market 0.12 0.12
------------ ---- ----
1 month CD 0.06 0.06
---------- ---- ----
3 month CD 0.10 0.10
---------- ---- ----
6 month CD 0.16 0.16
---------- ---- ----
1 year CD 0.26 0.26
--------- ---- ----
2 year CD 0.41 0.41
--------- ---- ----
3 year CD 0.55 0.55
--------- ---- ----
4 year CD 0.68 0.68
--------- ---- ----
5 year CD 0.87 0.88
--------- ---- ----
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, visitwww.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
--- ------ --------
Sallie Mae Bank A- 1 1.050
--- --- -----
801-281-1423
www.salliemaebank.com
---------------------
Green Bank, National Association C+ 500 1.000
--- --- -----
713-275-8370
www.greenbank.com
-----------------
Ally Bank B+ 1 0.900
--- --- -----
877-247-2559
www.ally.com
------------
1 Month CD Financial Minimum APY
Strength to Earn
Rating Interest
--- ------ --------
First NBC Bank B- 1000 0.510
--- ---- -----
504-671-3550
www.firstnbcbank.com
--------------------
Pinnacle Bank B- 500 0.500
--- --- -----
402-529-3581
www.pinnbank.com
----------------
Carter Bank & Trust C+ 2500 0.500
--- ---- -----
828-325-9800
www.carterbankandtrust.com
--------------------------
3 Month CD Financial Minimum APY
Strength to Earn
Rating Interest
--- ------ --------
Eloan.com C- 10000 0.650
--- ----- -----
888-533-5333
www.eloan.com
-------------
EverBank D+ 1500 0.600
--- ---- -----
888-882-3837
www.everbank.com
----------------
Beal Bank, SSB C 1000 0.511
--- ---- -----
205-202-8511
www.bealbank.com
----------------
6 Month CD Financial Minimum APY
Strength to Earn
Rating Interest
--- ------ --------
Doral Bank E+ 1000 0.900
--- ---- -----
212-329-3700
www.doralbankdirect.com
-----------------------
Beal Bank USA B- 1000 0.750
--- ---- -----
702-598-3500
www.bealbankusa.com
-------------------
Discover Bank C+ 2500 0.750
--- ---- -----
888-765-6654
www.discoverbank.com
--------------------
1 Year CD Financial Minimum APY
Strength to Earn
Rating Interest
--- ------ --------
Beal Bank USA B- 1000 1.110
--- ---- -----
786-347-3601
www.bealbankusa.com
-------------------
Sallie Mae Bank A- 1 1.050
--- --- -----
801-281-1423
www.salliemaebank.com
---------------------
Doral Bank E+ 500 1.050
--- --- -----
850-914-2525
www.doralbankflorida.com
------------------------
2 Year CD Financial Minimum APY
Strength to Earn
Rating Interest
--- ------ --------
Doral Bank E+ 500 1.300
--- --- -----
850-914-2525
www.doralbankflorida.com
------------------------
FirstBank Florida D+ 1000 1.250
--- ---- -----
305-740-9522
www.firstbankfla.com
--------------------
Compass Bank D+ 5000 1.250
--- ---- -----
205-297-1986
www.bbvacompass.com
-------------------
3 Year CD Financial Minimum APY
Strength to Earn
Rating Interest
--- ------ --------
First NBC Bank B- 10000 1.970
--- ----- -----
504-671-3550
www.firstnbcbank.com
--------------------
First Guaranty Bank C 500 1.450
--- --- -----
985-345-7685
www.fgb.net
-----------
Doral Bank E+ 500 1.450
--- --- -----
850-914-2525
www.doralbankflorida.com
------------------------
4 Year CD Financial Minimum APY
Strength to Earn
Rating Interest
--- ------ --------
Institution for Savings In Newburyport B 1 1.750
--- --- -----
978-462-3106
www.institutionforsavings.com
-----------------------------
First Guaranty Bank C 500 1.700
--- --- -----
985-345-7685
www.fgb.net
-----------
Green Bank, National Association C+ 1000 1.700
--- ---- -----
713-275-8370
www.greenbank.com
-----------------
5 Year CD Financial Minimum APY
Strength to Earn
Rating Interest
--- ------ --------
First NBC Bank B- 10000 2.120
--- ----- -----
504-671-3550
www.firstnbcbank.com
--------------------
Carter Bank & Trust C+ 100 2.020
--- --- -----
828-325-9800
www.carterbankandtrust.com
--------------------------
Institution for Savings In Newburyport B 1 2.000
--- --- -----
978-462-3106
www.institutionforsavings.com
-----------------------------
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.
About TheStreet
TheStreet, Inc. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, Chat on TheStreet, MainStreet and RateWatch. For more information on TheStreet's business, visit www.t.st. For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com, follow TheStreet on Facebook and Twitter, and access TheStreet through all major mobile and tablet platforms. For more information on The Deal, visit www.thedeal.com.
Contact:
Erin Corcoran
TheStreet, Inc.
212-321-5566
erin.corcoran@thestreet.com
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