Path To Rising Interest Rates May Not Be In The Cards As Fed Pivots On Policy

Path To Rising Interest Rates May Not Be In The Cards As Fed Pivots On Policy

TheStreet and RateWatch Report Top CD Rate Issuers

PR Newswire

NEW YORK, May 7, 2013

NEW YORK, May 7, 2013 /PRNewswire/ --RateWatch, a premier banking data and
analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that
national averages generally remained unchanged at record-low levels. The
Federal Reserve last Wednesday surprised economists by stating that it would
"increase or reduce" monetary stimulus as needed. Since late 2008, the Federal
Reserve has continued to keep the short-term federal funds rate at a range of
zero to 0.25%.

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The policy-making statement pivoted from the previous Federal Open Market
Committee meeting that had said more central bankers were embracing the idea
of scaling back current purchasing programs. "The possibility that the Fed may
implement more easing if economic conditions continue to slide suggests that
the path to raising interest rates may not yet be in the cards," says Joe
Deaux, TheStreet's Economist. "However, Friday's upside surprise jobs report
could rekindle the debate to scale back stimulus."

NATIONAL AVERAGE RESULTS - $10K

             This Last
             week week
Money Market 0.11 0.11
1 month CD   0.06 0.06
3 month CD   0.09 0.09
6 month CD   0.15 0.15
1 year CD    0.24 0.24
2 year CD    0.38 0.38
3 year CD    0.51 0.51
4 year CD    0.64 0.64
5 year CD    0.82 0.82



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 (%)
                                                       ($)
Mercantil Commercebank, National Association
305-460-8701                                 C         10000    1.000
www.mercantilcb.com
Sallie Mae Bank
801-281-1423                                 A-        1        0.900
www.salliemaebank.com
Ally Bank
877-247-2559                                 B+        1        0.840
www.ally.com
                                             Financial Minimum
1 Month CD                                   Strength  to Earn  APY
                                             Rating    Interest (%)
                                                       ($)
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
Umbrellabank.com
866-862-7355                                 C         1000     0.400
www.umbrellabank.com
                                             Financial Minimum
3 Month CD                                   Strength  to Earn  APY
                                             Rating    Interest (%)
                                                       ($)
Beal Bank USA
702-598-3500                                 B-        1000     0.510
www.bealbankusa.com
Umbrellabank.com
866-862-7355                                 C         1000     0.510
www.umbrellabank.com
Beal Bank, SSB
469-467-5000                                 C         1000     0.510
www.bealbank.com
                                             Financial Minimum
6 Month CD                                   Strength  to Earn  APY
                                             Rating    Interest (%)
                                                       ($)
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
1 Year CD                                    Strength  to Earn  APY
                                             Rating    Interest (%)
                                                       ($)
Doral Bank
212-584-6820                                 D-        500      1.200
www.doralbankny.com
Beal Bank USA
786-347-3601                                 B-        1000     1.110
www.bealbankusa.com
CIT Bank
801-412-6800                                 B+        1000     1.010
www.bankoncit.com
                                             Financial Minimum
2 Year CD                                    Strength  to Earn  APY
                                             Rating    Interest (%)
                                                       ($)
Doral Bank
212-584-6820                                 D-        500      1.450
www.doralbankny.com
VirtualBank
561-776-8860                                 C+        10000    1.160
www.virtualbank.com
Emigrant Bank
212-850-4521                                 C+        1000     1.150
www.emigrant.com
                                             Financial Minimum
3 Year CD                                    Strength  to Earn  APY
                                             Rating    Interest (%)
                                                       ($)
First NBC Bank
504-671-3550                                 B-        10000    1.820
www.firstnbcbank.com
Doral Bank
212-584-6820                                 D-        500      1.550
www.doralbankny.com
Community Bank
800-239-9427                                 C         1000     1.450
www.dodcommunitybank.com
                                             Financial Minimum
4 Year CD                                    Strength  to Earn  APY
                                             Rating    Interest (%)
                                                       ($)
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
5 Year CD                                    Strength  to Earn  APY
                                             Rating    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
Doral Bank
212-584-6820                                 D-        500      1.850
www.doralbankny.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 96,000 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 96,000 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. (www.t.st) is the leading independent digital financial media
company providing business and financial news, investing ideas and analysis to
personal and institutional investors worldwide. The Company's portfolio of
business and personal finance brands includes: TheStreet, RealMoney, RealMoney
Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and
RateWatch. To learn more, visit www.thestreet.com. The Deal, the Company's
institutional business, provides intraday coverage of mergers and acquisitions
and all other changes in corporate control. To learn more, visit
www.thedeal.com.

Contact:

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

SOURCE TheStreet

Website: http://www.thestreet.com
 
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