Highest Yield Among 5-year CDs At A National Average Of 0.81% TheStreet and RateWatch Report Top CD Rate Issuers PR Newswire NEW YORK, May 14, 2013 NEW YORK, May 14, 2013 /PRNewswire/ --RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today the average 4- and 5-year CD rates dipped incrementally, while national averages generally remained unchanged at record-low levels. Investors are discovering the highest yield among 5-year CDs at a national average of 0.81% per year. Nonetheless, that means investors would have that money locked-in as economists and analysts expect rates to rise before 2018. (Logo:http://photos.prnewswire.com/prnh/20130102/NY35868LOGO-b ) (Logo:http://photos.prnewswire.com/prnh/20130219/NY62571LOGO ) A strong monthly U.S. jobs report and other positive economic data have led economists to speculate that the Federal Reserve -- which sets the baseline rate used by CDs -- may soon curb its stimulus programs. When the Fed decides to curb its bond buying is a source of much speculation. TheStreet's Economist, Joe Deaux, states "Investors in shorter-term CDs are stuck with historically low yields though not being locked-into multi-year rates would allow them to easily shift that money into higher yields if the Fed does suddenly decide to raise rates." NATIONAL AVERAGE RESULTS - $10K This week Last week Money Market 0.11 0.11 1 month CD 0.06 0.06 3 month CD 0.09 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 0.63 0.64 5 year CD 0.81 0.82 TOP RATE ISSUERS - $10K This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed. Financial Minimum APY Money Market Strength to Earn (%) Rating Interest ($) 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 APY 1 Month CD Strength to Earn (%) Rating Interest ($) Carter Bank & Trust 276-632-2901 C+ 2500 0.500 www.carterbankandtrust.com Beal Bank USA 702-598-3500 B- 1000 0.400 www.bealbankusa.com Umbrellabank.com 866-862-7355 C 1000 0.400 www.umbrellabank.com Financial Minimum APY 3 Month CD Strength to Earn (%) Rating Interest ($) 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 APY 6 Month CD Strength to Earn (%) Rating Interest ($) Doral Bank 212-584-6820 D- 500 1.000 www.doralbankny.com CapitalSource Bank 888-433-4272 B 10000 0.800 www.capitalsourcebank.com Beal Bank USA 702-598-3500 B- 1000 0.750 www.bealbankusa.com Financial Minimum APY 1 Year CD Strength to Earn (%) Rating Interest ($) 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 CapitalSource Bank 888-433-4272 B 10000 1.010 www.capitalsourcebank.com Financial Minimum APY 2 Year CD Strength to Earn (%) Rating Interest ($) Doral Bank 212-584-6820 D- 500 1.450 www.doralbankny.com VirtualBank 561-776-8860 C+ 10000 1.160 www.virtualbank.com Emigrant Bank 212-850-4521 C+ 1000 1.150 www.emigrant.com Financial Minimum APY 3 Year CD Strength to Earn (%) Rating Interest ($) 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 APY 4 Year CD Strength to Earn (%) Rating Interest ($) Institution for Savings In Newburyport 978-462-3106 B 1 2.000 www.institutionforsavings.com Doral Bank 212-584-6820 D- 500 1.650 www.doralbankny.com Emigrant Bank 212-850-4521 C+ 1000 1.650 www.emigrant.com Financial Minimum APY 5 Year CD Strength to Earn (%) Rating Interest ($) 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 email@example.com SOURCE TheStreet, Inc. Website: http://www.rate-watch.com
Highest Yield Among 5-year CDs At A National Average Of 0.81%
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