Federal Reserve Open Market Committee Meetings May End Monthly Sales of Short-Term Securities NEW YORK, Dec. 4, 2012 (GLOBE NEWSWIRE) -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (Nasdaq:TST) reported today that average interest rates for 1 month and 4 year CDs increased 0.01 percent while overall interest rates on savings products remain low. TheStreet, Inc. Logo RateWatch logo The Federal Reserve has indicated that it is likely to keep its short-term federal funds target range within the current range of zero to 0.25% until at least 2014.The federal funds rate has been in this historically narrow range since late 2008. As part of its third major round of quantitative easing announced in September, the Fed is also purchasing $40 billion in long-term mortgage backed securities each month, while continuing to purchase roughly $45 billion in long-term Treasury securities each month, while selling an equivalent amount of short-term Treasury paper, as part of its ongoing effort to hold long-term rates down, and keep the yield curve as flat as possible.This program is known as "Operation Twist." Some analysts are expecting the Federal Reserve Open Market Committee to announce a change of direction after its next round of meetings on Dec. 11 and Dec. 12, possibly ending its monthly sales of short-term securities early in 2013.With two-year treasury notes already trading at yields of roughly 25 basis points, a Federal Reserve policy change of this type would be unlikely to push short-term rates even lower, however, an accelerated expansion of the central bank's balance sheet would likely cause a stir in Washington. NATIONAL AVERAGE RESULTS - $10K This week Last week Money Market 0.13 0.13 1 month CD 0.07 0.08 3 month CD 0.11 0.11 6 month CD 0.17 0.17 1 year CD 0.27 0.27 2 year CD 0.43 0.43 3 year CD 0.58 0.58 4 year CD 0.71 0.72 5 year CD 0.92 0.92 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. Financial Minimum Money Market Strength to Earn APY Rating Interest 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 Financial Minimum 1 Month CD Strength to Earn APY Rating Interest 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 Financial Minimum 3 Month CD Strength to Earn APY Rating Interest 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 Financial Minimum 6 Month CD Strength to Earn APY Rating Interest 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 Financial Minimum 1 Year CD Strength to Earn APY Rating Interest 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 Doral Bank 212-584-6820 E+ 500 1.100 www.doralbankny.com Financial Minimum 2 Year CD Strength to Earn APY Rating Interest Doral Bank 212-584-6820 E+ 500 1.400 www.doralbankny.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 Financial Minimum 3 Year CD Strength to Earn APY Rating Interest 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 212-584-6820 E+ 500 1.550 www.doralbankny.com Financial Minimum 4 YearCD Strength to Earn APY Rating Interest 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 Financial Minimum 5 YearCD Strength to Earn APY Rating Interest First NBC Bank 504-671-3550 C+ 10000 2.120 www.firstnbcbank.com Institution for Savings In Newburyport 978-462-3106 B 1 2.000 www.institutionforsavings.com Compass Bank 205-297-1986 D+ 5000 2.000 www.bbvacompass.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. The RateWatch logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15596 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 firstname.lastname@example.org Erica Mannion Investor Relations Sapphire Investor Relations, LLC 415-471-2700 email@example.com TheStreet, Inc. Logo
Federal Reserve Open Market Committee Meetings May End Monthly Sales of Short-Term Securities
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