5-Year CD Rates Dip While Fed Messaging On Future Rates Remains Unclear - WLOX.com - The News for South Mississippi

5-Year CD Rates Dip While Fed Messaging On Future Rates Remains Unclear

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SOURCE TheStreet, Inc.

TheStreet and RateWatch Report Top National & Regional CD Rate Issuer

NEW YORK, July 8, 2014 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages this week for 5-year CD rates dipped while all other durations 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.

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"National averages of CD rates remain steady as Fed officials' comments are unclear as to when the central bank will begin to raise the federal funds rate," reported Joe Deaux, TheStreet's Economics Analyst. "While Chairman Janet Yellen says rates won't change for a considerable time after the end of the Fed's economic stimulus program, other Fed officials say a rate hike could come as early as the end of the first quarter in 2015. Savers may have to wait until the Fall for clearer Fed messaging as to when rates will increase."

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

1.14

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

Doral Bank

D-

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
(%)

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

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

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

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

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

1.250

212-584-6820

www.doralbankny.com

Beal Bank USA

C+

1000

1.110

786-347-3601

www.bealbank.com

GE Capital Bank

A

500

1.100

801-517-5000

www.gecapitalbank.com

EverBank

B-

1500

1.100

888-882-3837

www.everbank.com

VirtualBank

B

10000

1.070

561-776-8860

www.virtualbank.com

2 Year CD

Financial
Strength
Rating

Minimum
to Earn
Interest
($)

APY
(%)

Doral Bank

D-

500

1.500

212-584-6820

www.doralbankny.com

EverBank

B-

1500

1.260

888-882-3837

www.everbank.com

VirtualBank

B

10000

1.260

561-776-8860

www.virtualbank.com

Salem Five Direct

B

10000

1.250

800-850-5000

www.salemfivedirect.com

GE Capital Bank

A

500

1.200

801-517-5000

www.gecapitalbank.com

3 Year CD

Financial
Strength
Rating

Minimum
to Earn
Interest
($)

APY
(%)

Doral Bank

D-

500

1.650

212-584-6820

www.doralbankny.com

Northern Bank & Trust Company

B

500

1.600

781-937-5423

www.nbtc.com

Oritani Savings Bank

A-

1000

1.500

201-664-5400

www.oritani.com

EverBank

B-

1500

1.450

888-882-3837

www.everbank.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

First Republic Bank

B+

10000

1.900

415-392-1400

www.firstrepublic.com

EverBank

B-

1500

1.790

888-882-3837

www.everbank.com

Nationwide Bank

B

10000

1.790

877-422-6569

www.nationwide.com

VirtualBank

B

10000

1.790

561-776-8860

www.virtualbank.com

5 Year CD

Financial
Strength
Rating

Minimum
to Earn
Interest
($)

APY
(%)

EverBank

B-

1500

2.300

888-882-3837

www.everbank.com

CIT Bank

B+

1000

2.251

801-412-6800

www.bankoncit.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

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
emily.scheer@thestreet.com

TheStreet and RateWatch Report Top CD Rate Issuers.

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