CD Interest Rates Holding Steady at Record Lows
NEW YORK, Nov 20, 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 remain steady over the previous week with the national average rate for both 2 year and 3 year CDs slightly increasing by 0.01 percent based on data collected from over 90,000 financial institution locations.
The numbers reflect Federal Reserve monetary policy -- which has pushed short-term rates to record lows in a bid to spark mortgage and corporate lending -- as well as global supply and demand. With uncertainties in the Eurozone and China's growth, international investment continues to flow to the U.S., keeping interest rates consistently low.
Ben Bernanke, chairman of the Federal Reserve, said rates may continue to lower levels as a result of Congress and the administration coming to terms on a long-term fiscal policy. "A credible plan to put the federal budget on a path that will be sustainable in the long run could help keep longer-term interest rates low," Bernanke said today in an address to the Economic Club of New York, "and boost household and business confidence, thereby supporting economic growth today."
NATIONAL AVERAGE RESULTS - 10K
---------------------------
ThisLast
weekweek
-----------------------
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 CD0.430.44
-----------------------
3 year CD0.580.59
-----------------------
4 year CD0.720.72
-----------------------
5 year CD0.930.93
-----------------------
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.
---------------------------------------------
Financi
al
StrengMinimum
thto Earn
Money MarketRatingInterestAPY
---------------------------------------
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
---------------------------------------
Financi
al
StrengMinimum
thto Earn
1 Month CDRatingInterestAPY
---------------------------------------
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
---------------------------------------
Financi
al
StrengMinimum
thto Earn
3 Month CDRatingInterestAPY
---------------------------------------
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
---------------------------------------
Financi
al
StrengMinimum
thto Earn
6 Month CDRatingInterestAPY
---------------------------------------
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
---------------------------------------
Financi
al
StrengMinimum
thto Earn
1 Year CDRatingInterestAPY
---------------------------------------
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
---------------------------------------
Financi
al
StrengMinimum
thto Earn
2 Year CDRatingInterestAPY
---------------------------------------
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
---------------------------------------
Financi
al
StrengMinimum
thto Earn
3 Year CDRatingInterestAPY
---------------------------------------
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
---------------------------------------
Financi
al
StrengMinimum
thto Earn
4 Year CDRatingInterestAPY
---------------------------------------
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
---------------------------------------
Financi
al
StrengMinimum
thto Earn
5 Year CDRatingInterestAPY
---------------------------------------
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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415-471-2700
ir@thestreet.com
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