CD Rates Continue to Fall After Federal Reserve Ties Policy to Specific Benchmark for Unemployment

CD Rates Continue to Fall After Federal Reserve Ties Policy to Specific
Benchmark for Unemployment

NEW YORK, Dec. 18, 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 generally decreased over the previous
week with the average national rate on a 1 month, 1 year, 2 year, 4 year, and
5 year CDs falling 0.01 percent based on data collected from over 90,000
financial institution locations.

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The Federal Reserve has kept its target federal funds rate in a range of zero
to 0.25% since late 2008 and last Wednesday said it anticipated "that this
exceptionally low range for the federal funds rate will be appropriate at
least as long as the unemployment rate remains above 6-1/2 percent, inflation
between one and two years ahead is projected to be no more than a half
percentage point above the Committee's 2 percent longer-run goal, and
longer-term inflation expectations continue to be well anchored."

This is the first time that the central bank has tied its rate policy to a
specific benchmark for the unemployment rate.

The Fed also said that it would continue to purchase agency mortgage backed
securities at a pace of $40 billion a month, and that it would continue buying
long-term U.S. Treasury securities "initially" at a pace of $45 billion a
month during 2013. This stance will be even more "highly accommodative" than
it has been during 2012, because the central bank will stop making concurrent
sales of short-term Treasuries, adding further downward pressure to long-term
rates.

NATIONAL AVERAGE RESULTS - $10K

            This week Last week
Money Market 0.13      0.13
1 month CD   0.06      0.07
3 month CD   0.11      0.11
6 month CD   0.17      0.17
1 year CD    0.26      0.27
2 year CD    0.42      0.43
3 year CD    0.57      0.57
4 year CD    0.70      0.71
5 year CD    0.90      0.91

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     0.560
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     0.900
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                                 
Sallie Mae Bank                                            
801-281-1423                              A-        1        1.050
www.salliemaebank.com                                      
                                          Financial Minimum
2 Year CD                                 Strength  to Earn  APY
                                          Rating    Interest
Doral Bank                                                 
850-914-2525                              E+        500      1.300
www.doralbankflorida.com                                   
FirstBank Florida                                          
305-740-9522                              D         1000     1.250
www.firstbankfla.com                                       
Compass Bank                                               
205-297-1986                              D+        5000     1.250
www.bbvacompass.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                                                 
850-914-2525                              E+        500      1.500
www.doralbankflorida.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,
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