Support Grows For Scale Back Of Open-Ended Purchases Of Mortgage-Backed Securities & Longer-Term Treasuries TheStreet and RateWatch Report Top CD Rate Issuers PR Newswire NEW YORK, April 16, 2013 NEW YORK, April 16, 2013 /PRNewswire/ --RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that while the average 4-year CD rate this week decreased incrementally, national averages 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. (Logo: http://photos.prnewswire.com/prnh/20130102/NY35868LOGO-b) (Logo: http://photos.prnewswire.com/prnh/20130219/NY62571LOGO ) The Federal Reserve released last week the minutes of its March policy-making meeting, which showed growing support of central bankers to scale back open-ended mortgage-backed securities & longer-term treasury purchases. "Economists are saying that Fed members already may have retraced their enthusiasm to slow or end monetary stimulus as a basket of weak U.S. economic data that emerged after the meeting suggested the recovery has remained soft," states TheStreet's Economist, Joe Deaux. "Continued weak data indicates that the Fed will remain committed to keeping interest rates low." NATIONAL AVERAGE RESULTS - $10K This week Last week Money Market 0.11 0.11 1 month CD 0.06 0.06 3 month CD 0.10 0.10 6 month CD 0.15 0.15 1 year CD 0.24 0.24 2 year CD 0.39 0.39 3 year CD 0.52 0.52 4 year CD 0.64 0.65 5 year CD 0.83 0.83 TOP RATE ISSUERS - $10K This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed. Financial Minimum to Strength Earn APY Money Market (%) Rating Interest ($) Mercantil Commercebank, National Association C 10000 1.000 305-460-8701 www.mercantilcb.com Sallie Mae Bank 801-281-1423 A- 1 0.950 www.salliemaebank.com Ally Bank 877-247-2559 B+ 1 0.840 www.ally.com Financial Minimum to APY 1 Month CD Strength Rating Earn Interest (%) ($) Carter Bank & Trust 276-632-2901 C+ 2500 0.500 www.carterbankandtrust.com Beal Bank USA 702-598-3500 B- 1000 0.400 www.bealbankusa.com Beal Bank, SSB 469-467-5000 C 1000 0.400 www.bealbank.com Financial Minimum to APY 3 Month CD Strength Rating Earn Interest (%) ($) Eloan.com 888-533-5333 C- 10000 0.550 www.eloan.com Beal Bank, SSB 713-888-3900 C 1000 0.511 www.bealbank.com Beal Bank USA 702-598-3500 B- 1000 0.510 www.bealbankusa.com Financial Minimum to APY 6 Month CD Strength Rating Earn Interest (%) ($) Doral Bank 212-584-6820 D- 500 1.000 www.doralbankny.com CapitalSource Bank 888-433-4272 B 10000 0.800 www.capitalsourcebank.com Beal Bank USA 702-598-3500 B- 1000 0.750 www.bealbankusa.com Financial Minimum to APY 1 Year CD Strength Rating Earn Interest (%) ($) Doral Bank 212-584-6820 D- 500 1.200 www.doralbankny.com Beal Bank USA 786-347-3601 B- 1000 1.110 www.bealbankusa.com CIT Bank 801-412-6800 B+ 1000 1.010 www.bankoncit.com Financial Minimum to APY 2 Year CD Strength Rating Earn Interest (%) ($) Doral Bank 212-584-6820 D- 500 1.450 www.doralbankny.com Nationwide Bank 614-249-6226 B+ 10000 1.200 www.nationwide.com VirtualBank 561-776-8860 C+ 10000 1.160 www.virtualbank.com Financial Minimum to APY 3 Year CD Strength Rating Earn Interest (%) ($) First NBC Bank 504-671-3550 B- 10000 1.820 www.firstnbcbank.com Doral Bank 212-584-6820 D- 500 1.550 www.doralbankny.com Community Bank 800-239-9427 C 1000 1.450 www.dodcommunitybank.com Financial Minimum to APY 4 Year CD Strength Rating Earn Interest (%) ($) Institution for Savings In Newburyport 978-462-3106 B 1 2.000 www.institutionforsavings.com Doral Bank 212-584-6820 D- 500 1.650 www.doralbankny.com Emigrant Bank 212-850-4521 C+ 1000 1.650 www.emigrant.com Financial Minimum to APY 5 Year CD Strength Rating Earn Interest (%) ($) Institution for Savings In Newburyport 978-462-3106 B 1 2.000 www.institutionforsavings.com First NBC Bank 504-671-3550 B- 10000 1.970 www.firstnbcbank.com Green Bank, National Association 713-275-8370 C+ 1000 1.850 www.greenbank.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 email@example.com SOURCE TheStreet, Inc. Website: http://www.rate-watch.com
Support Grows For Scale Back Of Open-Ended Purchases Of Mortgage-Backed Securities & Longer-Term Treasuries
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