CD Rates Remain Steady With Significant Variances Across US Weekly Survey Shows

NEW YORK, Nov. 13, 2012 (GLOBE NEWSWIRE) -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (Nasdaq:TST) reported today that interest rates for savings products have not changed from the previous week. One exception is the long term 5 year CD which now has an average national rate of 0.93 percent down from 0.94 based on data collected from over 90,000 financial institution locations.

Money Market rates held steady at a national average of 0.13 percent while 1 month CDs remained unchanged at 0.07 percent and 4 year CDs unchanged at 0.72 percent. However, rates vary significantly across the country with 3 month CDs earning above 0.50 percent and 5 year CDs earning over 2.00 percent in some locations.

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/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.

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, The Deal, Stockpickr, Action Alerts PLUS, Options Profits, Chat on TheStreet, MainStreet and Rate-Watch. 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, visit TheStreet.mobi from your mobile device and access TheStreet through all major tablet platforms. For more information on The Deal, visit www.thedeal.com.

The TheStreet, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11420.

CONTACT: Thomas Etergino

         Executive Vice President, Chief Financial Officer

         TheStreet, Inc.

         212-321-5234

         ir@thestreet.com



         Erica Mannion

         Investor Relations

         Sapphire Investor Relations, LLC

         415-471-2700

         ir@thestreet.com

News Provided by Acquire Media

Close window | Back to top

• delicious
• Digg
• Facebook
• LinkedIn
• Mixx
• Twitter
• Yahoo! Buzz