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CDs May Be Safest Play in Light of Fed's Recent Announcements



        CDs May Be Safest Play in Light of Fed's Recent Announcements

TheStreet and RateWatch Report Top CD Rate Issuers

PR Newswire

NEW YORK, Feb. 12, 2013

NEW YORK, Feb. 12, 2013 /PRNewswire/ -- RateWatch, a premier banking data and
analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that
interest rates for savings products remained the same over the previous week
based on data collected from over 90,000 financial institution locations.

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

CD rates have generally remained unchanged at record-low levels. The Federal
Reserve has continued to keep the short-term federal funds rate at a range of
zero to 0.25% since late 2008. Some investment officers suggest that CDs with
a higher yield than money markets can be a more attractive option for
cash-equivalent investments, but others warn that savers should consider
whether CDs are a favorable alternative after taxes and the rate of inflation.

"The Fed's loose monetary policy, in part, attempts to encourage investors to
move funds into riskier assets and the highly accommodative policy has made
CDs a less attractive option in recent years," says Joe Deaux, The Street's
economist. "Some investment officers see CDs as a safe play for the near term
as recent announcements by the Fed's policymaking wing suggest that some
members in the central bank have argued to slow monetary easing in 2013."

NATIONAL AVERAGE RESULTS - $10K

             This week Last 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      0.16
1 year CD    0.25      0.25
2 year CD    0.41      0.41
3 year CD    0.54      0.54
4 year CD    0.67      0.67
5 year CD    0.87      0.87

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.

Money Market                             Financial        Minimum to     APY
                                         Strength Rating  Earn Interest
Green Bank, National Association
713-275-8370                             C+               500            1.000
www.greenbank.com
Sallie Mae Bank
801-281-1423                             A-               1              0.950
www.salliemaebank.com
Ally Bank
877-247-2559                             B+               1              0.900
www.ally.com
1 Month CD                               Financial        Minimum to     APY
                                         Strength Rating  Earn 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
3 Month CD                               Financial        Minimum to     APY
                                         Strength Rating  Earn 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 USA
702-598-3500                             B-               1000           0.510
www.bealbankusa.com
6 Month CD                               Financial        Minimum to     APY
                                         Strength Rating  Earn Interest
Doral Bank
212-584-6820                             E+               500            0.900
www.doralbankny.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
1 Year CD                                Financial        Minimum to     APY
                                         Strength Rating  Earn 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
2 Year CD                                Financial        Minimum to     APY
                                         Strength Rating  Earn 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
First Citizens National Bank
615-591-2248                             B+               1000           1.200
www.firstcitizens-bank.com
3 Year CD                                Financial        Minimum to     APY
                                         Strength Rating  Earn Interest
First NBC Bank
504-671-3550                             B-               10000          1.970
www.firstnbcbank.com
Doral Bank
212-584-6820                             E+               500            1.550
www.doralbankny.com
First Citizens National Bank
615-591-2248                             B+               1000           1.450
www.firstcitizens-bank.com
4 Year CD                                Financial        Minimum to     APY
                                         Strength Rating  Earn Interest
Institution for Savings In Newburyport
978-462-3106                             B                1              1.750
www.institutionforsavings.com
Green Bank, National Association
713-275-8370                             C+               1000           1.700
www.greenbank.com
Yakima Federal Savings & Loan
Association                              A                10000          1.700
509-248-2634
www.yakimafed.com
5 Year CD                                Financial        Minimum to     APY
                                         Strength Rating  Earn 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

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.

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

RELATED LINKS
www.rate-watch.com

SOURCE TheStreet, Inc.

Website: http://www.ratewatch.com
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