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Depositors May Have to Wait a Bit Longer for Interest Rates to Rise



     Depositors May Have to Wait a Bit Longer for Interest Rates to Rise

TheStreet and RateWatch Report Top CD Rate Issuers

PR Newswire

NEW YORK, Jan. 15, 2013

NEW YORK, Jan. 15, 2013 /PRNewswire/ -- 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 2-year, 3-year, 4-year, and 5-year CD
decreasing by 0.01 percent based on data collected from over 90,000 financial
institution locations.

Bank deposit rates have been range-bound at historically low levels because
the Federal Reserve has kept its target range for the short-term federal funds
rate in a range of zero to 0.25% since late 2008.  While the Federal Deposit
Insurance Corp's Transaction Account Guarantee Program -- which provided
unlimited insurance coverage for non-interest bearing transaction accounts --
has ended, banks are flush with liquidity, making it unlikely that there will
be significant competition for deposits over the short term. 

It appears that depositors may have to wait a bit longer for interest rates to
begin to rise, but for the banking industry, the yield curve has been
improving.  Long-term U.S. Treasury securities were trading at a yield of
1.81% Tuesday morning, with yields as high as 1.91% on Jan. 3, rising from a
range of 1.60% only a month earlier.  During this painful economic cycle, U.S.
Treasury yields briefly went as low as 1.38% in July.

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

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    0.41 0.42
3 year CD    0.55 0.56
4 year CD    0.68 0.69
5 year CD    0.88 0.89

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                               B-           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                               C-           10000       0.650
www.eloan.com
EverBank
888-882-3837                               D+           1500        0.610
www.everbank.com
Beal Bank, SSB
205-202-8511                               C            1000        0.511
www.bealbank.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
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
Doral Bank
850-914-2525                               E+           500         1.050
www.doralbankflorida.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                               B-           10000       1.970
www.firstnbcbank.com
First Guaranty Bank
985-345-7685                               C            500         1.450
www.fgb.net
Doral Bank
850-914-2525                               E+           500         1.450
www.doralbankflorida.com
                                           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
First Guaranty Bank
985-345-7685                               C            500         1.700
www.fgb.net
Green Bank, National Association
713-275-8370                               C+           1000        1.700
www.greenbank.com
                                           Financial    Minimum

5 Year CD                                  Strength     to Earn     APY

                                           Rating       Interest
First NBC Bank
504-671-3550                               B-           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
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,
Stockpickr, Action Alerts PLUS, Options Profits, Chat on TheStreet, MainStreet
and RateWatch. 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, and
access TheStreet through all major mobile and tablet platforms.  For more
information on The Deal, visit www.thedeal.com.

Contact:

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

SOURCE TheStreet

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