Top CD Rate Issuers Reported

CD Rates Pause As 10-year Treasury Note Yield Retreats From 2013 Highs

TheStreet and RateWatch Report Top CD Rate Issuers

NEW YORK, July 23, 2013, RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today national averages generally remained unchanged at record-low levels.

Movements in CD rates have paused as the 10-year Treasury Note yield has slightly retreated from 2013 highs and after Federal Reserve Chairman Ben Bernanke offered no major surprises in his testimonies to Congress.

“With banks showing little appetite to shift CD rates in the near term, and a typically slow August approaching, the next month could remain quiet for savers seeking an increase in CD rates,” reported Joe Deaux, TheStreet’s Economist.

NATIONAL AVERAGE RESULTS – $10K

This week Last week
Money Market 0.11 0.11
1 month CD 0.06 0.06
3 month CD 0.09 0.09
6 month CD 0.15 0.15
1 year CD 0.23 0.23
2 year CD 0.37 0.37
3 year CD 0.50 0.50
4 year CD 0.62 0.62
5 year CD 0.81 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 Strength Rating Minimum to Earn Interest
($)
APY
(%)
First NBC Bank B- 10000 1.260
504-671-3550
www.firstnbcbank.com
Doral Bank D- 5000 0.940
212-584-6820
www.doralbankny.com
Sallie Mae Bank A- 1 0.900
801-281-1423
www.salliemaebank.com
Mercantil Commercebank, National Association C 10000 0.900
305-460-8701
www.mercantilcb.com
Ally Bank B+ 1 0.840
877-247-2559
www.ally.com
1 Month CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Carter Bank & Trust C+ 2500 0.500
276-632-2901
www.carterbankandtrust.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
469-467-5000
www.bealbank.com
Merchants Bank of Indiana A- 1 0.350
317-805-4300
www.merchantsbankofindiana.com
3 Month CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Beal Bank USA B- 1000 0.510
702-598-3500
www.bealbank.com
Umbrellabank.com C 1000 0.510
866-862-7355
www.umbrellabank.com
Institution for Savings In Newburyport B 1 0.500
978-462-3106
www.institutionforsavings.com
Doral Bank D- 500 0.500
850-914-2525
www.doralbankflorida.com
FirstBank Florida D+ 1000 0.500
305-740-9522
www.firstbankfla.com
6 Month CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Doral Bank D- 500 1.000
212-584-6820
www.doralbankny.com
CapitalSource Bank B+ 10000 0.800
888-433-4272
www.capitalsourcebank.com
Beal Bank USA B- 1000 0.750
702-598-3500
www.bealbank.com
Discover Bank C+ 2500 0.650
888-765-6654
www.discoverbank.com
VirtualBank B- 10000 0.650
561-776-8860
www.virtualbank.com
1 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Doral Bank D- 500 1.200
212-584-6820
www.doralbankny.com
Beal Bank USA B- 1000 1.110
786-347-3601
www.bealbank.com
CapitalSource Bank B+ 10000 1.010
888-433-4272
www.capitalsourcebank.com
Nationwide Bank B+ 10000 0.960
614-249-6226
www.nationwide.com
Ally Bank B+ 1 0.940
877-247-2559
www.ally.com
2 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Doral Bank D- 500 1.450
212-584-6820
www.doralbankny.com
Emigrant Bank C+ 1000 1.150
212-850-4521
www.emigrant.com
First Republic Bank B+ 5000 1.150
415-392-1400
www.firstrepublic.com
CapitalSource Bank B+ 10000 1.150
888-433-4272
www.capitalsourcebank.com
Nationwide Bank B+ 10000 1.150
614-249-6226
www.nationwide.com
3 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
First NBC Bank B- 10000 1.820
504-671-3550
www.firstnbcbank.com
Doral Bank D- 500 1.600
212-584-6820
www.doralbankny.com
Boiling Springs Savings Bank C 1000 1.500
201-939-6600
www.bssbank.com
Community Bank C+ 1000 1.400
800-239-9427
www.dodcommunitybank.com
Emigrant Bank C+ 1000 1.400
212-850-4521
www.emigrant.com
4 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Institution for Savings In Newburyport B 1 2.000
978-462-3106
www.institutionforsavings.com
Boiling Springs Savings Bank C 1000 1.750
201-939-6600
www.bssbank.com
Doral Bank D- 500 1.650
212-584-6820
www.doralbankny.com
Emigrant Bank C+ 1000 1.650
212-850-4521
www.emigrant.com
Intervest National Bank C 2500 1.600
212-218-8383
www.intervestnatbank.com
5 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
Hingham Institution for Savings B 500 2.000
781-749-2200
www.hinghamsavings.com
Boiling Springs Savings Bank C 1000 2.000
201-939-6600
www.bssbank.com
First Republic Bank B+ 5000 2.000
415-392-1400
www.firstrepublic.com
First NBC Bank B- 10000 1.970
504-671-3550
www.firstnbcbank.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 96,000 financial institution locations across the United States.

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 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.
http://www.thestreet.com

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