Investment Officers Say Rates will Remain Unmoved

TheStreet and RateWatch Report Top CD Rate Issuers

NEW YORK, Feb. 19, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that interest rates for savings products remained the same over the previous week with the national average on a 2-year and 5-year CD decreasing by 0.01 percent based on data collected from over 90,000 financial institution locations.

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CD rates have generally remained unchanged at record-low levels. The Federal Reserve has continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008. Investment analysts are focusing on the Fed's policy-making minutes due out later this week.

Joe Deaux, TheStreet's economist, states "An announcement in January by the Federal Open Market Committee revealed surprising dissension among central bankers' opinions of when to conclude open-ended purchases of longer-term Treasuries and mortgage-backed securities. Should Fed members hint at an end to monetary stimulus by sometime in 2013, yields could gap up in the coming months. But investment officers say rates generally will remain unmoved and 10-year Treasury yields will hover around 2% without fresh Fed action."

NATIONAL AVERAGE RESULTS - $10K


This
week

Last
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

0.25

0.25

2 year CD

0.40

0.41

3 year CD

0.54

0.54

4 year CD

0.67

0.67

5 year CD

0.86

0.87

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.

Money Market

Financial
Strength
Rating

Minimum
to Earn
Interest

APY

Green Bank, National Association

C+

500

1.000

713-275-8370

www.greenbank.com

Sallie Mae Bank

A-

1

0.950

801-281-1423

www.salliemaebank.com

Ally Bank

B+

1

0.900

877-247-2559

www.ally.com

1 Month CD

Financial
Strength
Rating

Minimum
to Earn
Interest

APY

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
Strength
Rating

Minimum
to Earn
Interest

APY

Eloan.com

C-

10000

0.650

888-533-5333

www.eloan.com

EverBank

D+

1500

0.590

888-882-3837

www.everbank.com

Beal Bank, SSB

C

1000

0.511

205-202-8511

www.bealbank.com

6 Month CD

Financial
Strength
Rating

Minimum
to Earn
Interest

APY

Doral Bank

E+

500

0.890

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
Strength
Rating

Minimum
to Earn
Interest

APY

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
Strength
Rating

Minimum
to Earn
Interest

APY

Doral Bank

E+

500

1.300

850-914-2525

www.doralbankflorida.com

FirstBank Florida

D+

1000

1.250

305-740-9522

www.firstbankfla.com

First Citizens National Bank

B+

1000

1.200

615-591-2248

www.firstcitizens-bank.com

3 Year CD

Financial
Strength
Rating

Minimum
to Earn
Interest

APY

First NBC Bank

B-

10000

1.970

504-671-3550

www.firstnbcbank.com

Doral Bank

E+

500

1.500

850-914-2525

www.doralbankflorida.com

First Citizens National Bank

B+

1000

1.450

615-591-2248

www.firstcitizens-bank.com

4 Year CD

Financial
Strength
Rating

Minimum
to Earn
Interest

APY

Institution for Savings In Newburyport

B

1

1.750

978-462-3106

www.institutionforsavings.com

Green Bank, National Association

C+

1000

1.700

713-275-8370

www.greenbank.com

First Citizens National Bank

B+

1000

1.650

615-591-2248

www.firstcitizens-bank.com

5 Year CD

Financial
Strength
Rating

Minimum
to Earn
Interest

APY

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

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, 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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