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

 
  This week Last week
Money Market 0.13 0.13
1 month CD 0.07 0.07
3 month CD 0.11 0.11
6 month CD 0.18 0.18
1 year CD 0.27 0.27
2 year CD 0.44 0.44
3 year CD 0.59 0.59
4 year CD 0.72 0.72
5 year CD 0.93 0.94

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
Sallie Mae Bank      
801-281-1423 A- 1 1.050
www.salliemaebank.com      
Green Bank, National Association      
713-275-8370 C 500 1.000
www.greenbank.com      
Ally Bank      
877-247-2559 B 1 0.950
www.ally.com      
1 Month CD

Financial
Strength
Rating
Minimum
to Earn
Interest
APY
Carter Bank & Trust      
828-325-9800 C 2500 0.750
www.carterbankandtrust.com      
First NBC Bank      
504-671-3550 C+ 1000 0.510
www.firstnbcbank.com      
Pinnacle Bank      
402-529-3581 B- 500 0.500
www.pinnbank.com      
3 Month CD

Financial
Strength
Rating
Minimum
to Earn
Interest
APY
Carter Bank & Trust      
828-325-9800 C 2500 0.750
www.carterbankandtrust.com      
Eloan.com      
888-533-5333 D+ 10000 0.650
www.eloan.com      
EverBank      
888-882-3837 D 1500 0.570
www.everbank.com      
6 Month CD

Financial
Strength
Rating
Minimum
to Earn
Interest
APY
Carter Bank & Trust      
828-325-9800 C 2500 1.000
www.carterbankandtrust.com      
Doral Bank      
212-329-3700 E+ 1000 0.910
www.doralbankdirect.com      
Beal Bank USA      
702-598-3500 B 1000 0.750
www.bealbankusa.com      
1 Year CD

Financial
Strength
Rating
Minimum
to Earn
Interest
APY
Beal Bank USA      
786-347-3601 B 1000 1.110
www.bealbankusa.com      
Carter Bank & Trust      
828-325-9800 C 100 1.100
www.carterbankandtrust.com      
Bank of Internet USA      
858-755-6381 B- 1000 1.100
www.bankofinternet.com      
2 Year CD

Financial
Strength
Rating
Minimum
to Earn
Interest
APY
Doral Bank      
850-914-2525 E+ 500 1.250
www.doralbankflorida.com      
First Bank of Montana      
406-357-2244 C 500 1.250
www.1stbmt.com      
FirstBank Florida      
305-740-9522 D 1000 1.250
www.firstbankfla.com      
3 Year CD

Financial
Strength
Rating
Minimum
to Earn
Interest
APY
First NBC Bank      
504-671-3550 C+ 10000 1.970
www.firstnbcbank.com      
Signature Bank      
646-822-1500 B+ 5000 1.660
www.signatureny.com      
Doral Bank      
850-914-2525 E+ 500 1.500
www.doralbankflorida.com      
4 Year CD

Financial
Strength
Rating
Minimum
to Earn
Interest
APY
Institution for Savings In Newburyport      
978-462-3106 B 1 1.750
www.institutionforsavings.com      
Yakima Federal Savings & Loan Association      
509-248-2634 A- 10000 1.750
www.yakimafed.com      
First Guaranty Bank      
985-345-7685 C- 500 1.700
www.fgb.net      
5 Year CD

Financial
Strength
Rating
Minimum
to Earn
Interest
APY
First NBC Bank      
504-671-3550 C+ 10000 2.120
www.firstnbcbank.com      
Pinnacle Bank      
402-529-3581 B- 500 2.020
www.pinnbank.com      
Institution for Savings In Newburyport      
978-462-3106 B 1 2.000
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.

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