CD Rates Remain Steady With Significant Variances Across US Weekly Survey Shows
NEW YORK, Nov 13, 2012 (Menafn - GlobeNewswire via COMTEX) --RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. 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 weekLast week
---------------------------------
Money Market0.130.13
---------------------------------
1 month CD0.070.07
---------------------------------
3 month CD0.110.11
---------------------------------
6 month CD0.180.18
---------------------------------
1 year CD0.270.27
---------------------------------
2 year CD0.440.44
---------------------------------
3 year CD0.590.59
---------------------------------
4 year CD0.720.72
---------------------------------
5 year CD0.930.94
---------------------------------
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 MarketFinancialMinimum
Strengthto Earn
RatingInterestAPY
------------------------------------------
Sallie Mae Bank
801-281-1423A-11.050
www.salliemaebank.
com
------------------------------------------
Green Bank,
National
Association
713-275-8370C5001.000
www.greenbank.com
------------------------------------------
Ally Bank
877-247-2559B10.950
www.ally.com
------------------------------------------
1 Month CDFinancialMinimum
Strengthto Earn
RatingInterestAPY
------------------------------------------
Carter Bank &
Trust
828-325-9800C25000.750
www.carterbankandt
rust.com
------------------------------------------
First NBC Bank
504-671-3550C10000.510
www.firstnbcbank.c
om
------------------------------------------
Pinnacle Bank
402-529-3581B-5000.500
www.pinnbank.com
------------------------------------------
3 Month CDFinancialMinimum
Strengthto Earn
RatingInterestAPY
------------------------------------------
Carter Bank &
Trust
828-325-9800C25000.750
www.carterbankandt
rust.com
------------------------------------------
Eloan.com
888-533-5333D100000.650
www.eloan.com
------------------------------------------
EverBank
888-882-3837D15000.570
www.everbank.com
------------------------------------------
6 Month CDFinancialMinimum
Strengthto Earn
RatingInterestAPY
------------------------------------------
Carter Bank &
Trust
828-325-9800C25001.000
www.carterbankandt
rust.com
------------------------------------------
Doral Bank
212-329-3700E10000.910
www.doralbankdirec
t.com
------------------------------------------
Beal Bank USA
702-598-3500B10000.750
www.bealbankusa.co
m
------------------------------------------
1 Year CDFinancialMinimum
Strengthto Earn
RatingInterestAPY
------------------------------------------
Beal Bank USA
786-347-3601B10001.110
www.bealbankusa.co
m
------------------------------------------
Carter Bank &
Trust
828-325-9800C1001.100
www.carterbankandt
rust.com
------------------------------------------
Bank of Internet
USA
858-755-6381B-10001.100
www.bankofinternet
.com
------------------------------------------
2 Year CDFinancialMinimum
Strengthto Earn
RatingInterestAPY
------------------------------------------
Doral Bank
850-914-2525E5001.250
www.doralbankflori
da.com
------------------------------------------
First Bank of
Montana
406-357-2244C5001.250
www.1stbmt.com
------------------------------------------
FirstBank Florida
305-740-9522D10001.250
www.firstbankfla.c
om
------------------------------------------
3 Year CDFinancialMinimum
Strengthto Earn
RatingInterestAPY
------------------------------------------
First NBC Bank
504-671-3550C100001.970
www.firstnbcbank.c
om
------------------------------------------
Signature Bank
646-822-1500B50001.660
www.signatureny.co
m
------------------------------------------
Doral Bank
850-914-2525E5001.500
www.doralbankflori
da.com
------------------------------------------
4 Year CDFinancialMinimum
Strengthto Earn
RatingInterestAPY
------------------------------------------
Institution for
Savings In
Newburyport
978-462-3106B11.750
www.institutionfor
savings.com
------------------------------------------
Yakima Federal
Savings & Loan
Association
509-248-2634A-100001.750
www.yakimafed.com
------------------------------------------
First Guaranty
Bank
985-345-7685C-5001.700
www.fgb.net
------------------------------------------
5 Year CDFinancialMinimum
Strengthto Earn
RatingInterestAPY
------------------------------------------
First NBC Bank
504-671-3550C100002.120
www.firstnbcbank.c
om
------------------------------------------
Pinnacle Bank
402-529-3581B-5002.020
www.pinnbank.com
------------------------------------------
Institution for
Savings In
Newburyport
978-462-3106B12.000
www.institutionfor
savings.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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