By The Street, Special for USDR
RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for CD rates of all durations this week remained unchanged as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.
“CD rates showed no increase this week,” said Scott Gamm, TheStreet Economics Reporter. “Investors remain cautious on the timing of the Federal Reserve’s rate hike. On Tuesday, a disappointing retail sales report took investors by surprise, as consumers scaled back spending during the month of June, despite the dramatic decline in gas prices. Consumers seem to feel wealthier, but aren’t taking the extra step to spend the savings from the gas pump. Additional weak economic data could delay the Fed’s rate hike.”
NATIONAL AVERAGE RESULTS – $10K
|
This week |
Last week |
|
|
Money Market |
0.15 |
0.15 |
|
1 month CD |
0.11 |
0.11 |
|
3 month CD |
0.15 |
0.15 |
|
6 month CD |
0.23 |
0.23 |
|
1 year CD |
0.37 |
0.37 |
|
2 year CD |
0.57 |
0.57 |
|
3 year CD |
0.78 |
0.78 |
|
4 year CD |
0.96 |
0.96 |
|
5 year CD |
1.19 |
1.19 |
* National Average is calculated using one unique rate per institution. Averages are based on Banks, Savings & Loans, Brokers and Internet Banks with assets greater than $1 Billion.
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.
|
Money Market |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
|
First NBC Bank |
B- |
10000 |
1.010 |
|
504-671-3550 |
|||
|
www.firstnbcbank.com |
|||
|
Salem Five Direct |
B |
1 |
1.000 |
|
800-850-5000 |
|||
|
www.salemfivedirect.com |
|||
|
CrossFirst Bank |
C+ |
1 |
1.000 |
|
316-925-4800 |
|||
|
www.crossfirstbank.com |
|||
|
Incredible Bank |
C+ |
1 |
0.950 |
|
877-261-4750 |
|||
|
www.incrediblebank.com |
|||
|
Sallie Mae Bank |
B+ |
1 |
0.900 |
|
877-346-2756 |
|||
|
www.salliemaebank.com |
|||
|
1 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
|
Carter Bank & Trust |
C+ |
100 |
0.600 |
|
276-632-2901 |
|||
|
www.carterbankandtrust.com |
|||
|
Great Southern Bank |
B |
250 |
0.500 |
|
417-888-4316 |
|||
|
www.greatsouthernbank.com |
|||
|
Beal Bank, SSB |
C |
1000 |
0.400 |
|
619-894-8066 |
|||
|
www.bealbank.com |
|||
|
Beal Bank USA |
C |
1000 |
0.360 |
|
602-714-3838 |
|||
|
www.bealbank.com |
|||
|
Merchants Bank of Indiana |
B+ |
1 |
0.350 |
|
765-874-2511 |
|||
|
www.merchantsbankofindiana.com |
|||
|
3 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
|
Carter Bank & Trust |
C+ |
100 |
0.600 |
|
276-632-2901 |
|||
|
www.carterbankandtrust.com |
|||
|
EverBank |
B- |
1500 |
0.600 |
|
888-882-3837 |
|||
|
www.everbank.com |
|||
|
Umbrellabank.com |
C |
1000 |
0.510 |
|
866-862-7355 |
|||
|
www.umbrellabank.com |
|||
|
Beal Bank USA |
C |
1000 |
0.510 |
|
602-714-3838 |
|||
|
www.bealbank.com |
|||
|
Institution for Savings In Newburyport |
B |
1 |
0.500 |
|
978-462-3106 |
|||
|
www.institutionforsavings.com |
|||
|
6 Month CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
|
Carter Bank & Trust |
C+ |
100 |
0.800 |
|
276-632-2901 |
|||
|
www.carterbankandtrust.com |
|||
|
GE Capital Bank |
A |
500 |
0.700 |
|
801-517-5000 |
|||
|
www.gecapitalbank.com |
|||
|
First Internet Bank of Indiana |
B- |
1000 |
0.700 |
|
888-873-3424 |
|||
|
www.firstib.com |
|||
|
Beal Bank USA |
C |
1000 |
0.700 |
|
602-714-3838 |
|||
|
www.bealbank.com |
|||
|
Colorado Federal Savings Bank |
B- |
5000 |
0.700 |
|
877-484-2372 |
|||
|
www.coloradofederalbank.com |
|||
|
1 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
|
CIT Bank |
B |
1000 |
1.250 |
|
801-412-6800 |
|||
|
www.bankoncit.com |
|||
|
Synchrony Bank |
C+ |
2000 |
1.250 |
|
866-869-4671 |
|||
|
www.myoptimizerplus.com |
|||
|
Sallie Mae Bank |
B+ |
2500 |
1.250 |
|
877-346-2756 |
|||
|
www.salliemaebank.com |
|||
|
Bank Direct |
B- |
10000 |
1.210 |
|
877-839-2737 |
|||
|
www.bankdirect.com |
|||
|
Colorado Federal Savings Bank |
B- |
5000 |
1.200 |
|
877-484-2372 |
|||
|
www.coloradofederalbank.com |
|||
|
2 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
|
Synchrony Bank |
C+ |
2000 |
1.450 |
|
866-869-4671 |
|||
|
www.myoptimizerplus.com |
|||
|
Crescent Bank & Trust |
D |
1000 |
1.360 |
|
504-556-5950 |
|||
|
www.cbtno.com |
|||
|
iGObanking.com |
B |
1000 |
1.350 |
|
888-432-5890 |
|||
|
www.igobanking.com |
|||
|
NexBank, SSB |
A- |
10000 |
1.350 |
|
214-234-7280 |
|||
|
www.nexbank.com |
|||
|
First Internet Bank of Indiana |
B- |
1000 |
1.310 |
|
888-873-3424 |
|||
|
www.firstib.com |
|||
|
3 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
|
Institution for Savings In Newburyport |
B |
1 |
2.100 |
|
978-462-3106 |
|||
|
www.institutionforsavings.com |
|||
|
Crescent Bank & Trust |
D |
1000 |
1.810 |
|
504-556-5950 |
|||
|
www.cbtno.com |
|||
|
First NBC Bank |
B- |
10000 |
1.770 |
|
504-671-3550 |
|||
|
www.firstnbcbank.com |
|||
|
Charles Schwab Bank, National Association |
B |
1000 |
1.650 |
|
888-303-0310 |
|||
|
www.schwabbank.com |
|||
|
Charles Schwab |
U |
1000 |
1.650 |
|
713-229-0411 |
|||
|
www.schwab.com |
|||
|
4 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
|
Institution for Savings In Newburyport |
B |
1 |
2.000 |
|
978-462-3106 |
|||
|
www.institutionforsavings.com |
|||
|
Charles Schwab Bank, National Association |
B |
1000 |
2.000 |
|
888-303-0310 |
|||
|
www.schwabbank.com |
|||
|
Charles Schwab |
U |
1000 |
2.000 |
|
713-229-0411 |
|||
|
www.schwab.com |
|||
|
BayCoast Bank |
C- |
10 |
1.950 |
|
508-678-7641 |
|||
|
www.baycoastbank.com |
|||
|
EverBank |
B- |
1500 |
1.870 |
|
888-882-3837 |
|||
|
www.everbank.com |
|||
|
5 Year CD |
Financial Strength Rating |
Minimum to Earn Interest |
APY |
|
Charles Schwab Bank, National Association |
B |
1000 |
2.350 |
|
888-303-0310 |
|||
|
www.schwabbank.com |
|||
|
Charles Schwab |
U |
1000 |
2.350 |
|
713-229-0411 |
|||
|
www.schwab.com |
|||
|
EverBank |
B- |
1500 |
2.270 |
|
888-882-3837 |
|||
|
www.everbank.com |
|||
|
Capital One 360 |
C+ |
1 |
2.250 |
|
302-255-3750 |
|||
|
www.capitalone360.com |
|||
|
Capital One, National Association |
C+ |
1 |
2.250 |
|
302-645-1361 |
|||
|
www.capitalone.com |
Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak, U=Unrated
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 97,000 financial institution locations across the United States. National Average is calculated using one unique rate per institution. Averages and Top Rate Issuers are based on Banks, Savings & Loans, Brokers and Internet Banks with assets greater than $1 Billion.
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 97,000 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: Scott Gamm, TheStreet, Inc., Scott.Gamm at thestreet.com
SOURCE TheStreet, Inc.
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