TheStreet and RateWatch Report Top CD Rate Issuers

              TheStreet and RateWatch Report Top CD Rate Issuers

PR Newswire

NEW YORK, Jan. 8, 2013

NEW YORK, Jan. 8, 2013 /PRNewswire/ --RateWatch, a premier banking data and
analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that
the average national rate on a 4-year and 5-year CD fell 0.01 percent based on
data collected from over 90,000 financial institution locations. RateWatch
also reported today the top rate issuers across the nation along with
financial strength ratings.

(Logo: http://photos.prnewswire.com/prnh/20130102/NY35868LOGO-b )

The main reason for bank deposit rates being so low for so long is the Federal
Reserve's accommodative policy of keeping its target range for the short-term
federal funds rate in a range of zero to 0.25% since late 2008; however, The
Federal Deposit Insurance Corporation's Transaction Account Guarantee Program
ended on Dec. 31, and that could put some pressure on smaller banks'
liquidity.

The Transaction Account Guarantee Program went into effect in November 2008,
to essentially remove any limit on FDIC deposit insurance coverage for most
noninterest-bearing transaction accounts. This provided a tremendous boost in
cheap liquidity, even for banks in weak financial condition, because small
businesses no longer had to worry about the safety of their checking account
deposits, which could easily exceed the normal deposit insurance limits. Now
that the program has ended, businesses who were sticking with the banks
because of the certainty of the deposit insurance protection may consider
other cash management options, including non-bank money market funds.

With money market funds paying very low rates, it would be surprising to see
quick movement out of bank checking accounts, however, some community banks
that still have a high level of nonperforming loans could see some deposit
flight, putting pressure on them to be more competitive in attracting
non-checking deposits.

NATIONAL AVERAGE RESULTS - $10K

National Average Results -10K
                This   Last

                week   week
Money Market    0.12   0.12
1 month CD      0.06   0.06
3 month CD      0.10   0.10
6 month CD      0.17   0.17
1 year CD       0.26   0.26
2 year CD       0.42   0.42
3 year CD       0.56   0.56
4 year CD       0.69   0.70
5 year CD       0.89   0.90

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
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
Carter Bank & Trust
828-325-9800                              C         2500     0.500
www.carterbankandtrust.com
                                          Financial Minimum

3 Month CD                                Strength  to Earn  APY

                                          Rating    Interest
Eloan.com
888-533-5333                              D+        10000    0.650
www.eloan.com
EverBank
888-882-3837                              D         1500     0.560
www.everbank.com
Beal Bank USA
205-202-8511                              C         1000     0.511
www.bealbankusa.com
                                          Financial Minimum

6 Month CD                                Strength  to Earn  APY

                                          Rating    Interest
Carter Bank & Trust
910-630-2500                              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
Doral Bank
212-584-6820                              E+        500      1.150
www.doralbankny.com
Beal Bank USA
786-347-3601                              B         1000     1.110
www.bealbankusa.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
212-584-6820                              E+        500      1.400
www.doralbankny.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
Doral Bank
212-584-6820                              E+        500      1.550
www.doralbankny.com
First Guaranty Bank
985-345-7685                              C-        500      1.450
www.fgb.net
                                          Financial Minimum

4 Year CD                                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 Year CD                                Strength  to Earn  APY

                                          Rating    Interest
First NBC Bank
504-671-3550                              C+        10000    2.120
www.firstnbcbank.com
Carter Bank & Trust
828-325-9800                              C         100      2.020
www.carterbankandtrust.com
Institution for Savings In Newburyport
978-462-3106                              B         1        2.000
www.institutionforsavings.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.

About TheStreet
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Contact:
Erin Corcoran
TheStreet, Inc.
212-321-5566
erin.corcoran@thestreet.com

SOURCE TheStreet

Website: http://www.rate-watch.com