Bank Deposit Rates Remain at Historically Low Levels TheStreet and RateWatch Report Top CD Rate Issuers PR Newswire NEW YORK, Jan. 22, 2013 NEW YORK, Jan. 22, 2013 /PRNewswire/ --RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that the interest rate on a 6 month CD decreased 0.01 percent over the previous week based on data collected from over 90,000 financial institution locations. (Logo: http://photos.prnewswire.com/prnh/20130102/NY35868LOGO-b ) Bank deposits rates remain at historically low levels, as 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. The Federal Reserve Open Market Committee in December said that it expected this target range to remain "appropriate at least as long as the unemployment rate remains above 6-1/2 percent," and as long as inflation projections remain within 0.5% of the central bank's long-term goal of 2%. Fourth-quarter earnings reports from money center banks and large regional banks show that the multiyear inflow of non-interest bearing deposits has continued, providing plenty of excess liquidity and making significant rate competition unlikely until the overall economy heats up further. Longer-term CD rates have continued to decline, with the national average five-year CD rate declining by five basis points over the past two months, while the average four-year CD rate has declined by four basis points, and the average three-year CD rate has declined by three basis points. 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 0.16 0.17 1 year CD 0.26 0.26 2 year CD 0.41 0.41 3 year CD 0.55 0.55 4 year CD 0.68 0.68 5 year CD 0.88 0.88 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 0.600 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 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 Discover Bank 888-765-6654 C+ 2500 0.750 www.discoverbank.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. 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Bank Deposit Rates Remain at Historically Low Levels
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