CD Rate Standstill Presses On with Growing Uncertainty in U.S. Economy

By USDR

RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today National averages for CD rates remained unchanged across all durations for the second consecutive week as the Federal Reserve has continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.

“Movement in CD rates is muted as banks and market participants await more direction from the Fed. Investors are anticipating the October jobs report on Friday as markets are hoping to assess how the government shutdown last month influenced the labor market,” reported Joe Deaux, TheStreet’s Economics Analyst. “With growing uncertainty in the U.S. economy and no word from the Fed until December, savers should expect CD rates to remain unchanged.”

NATIONAL AVERAGE RESULTS – $10K

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 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 96,000 financial institution locations across the United States.

About Post Author

Darshan Shah

Darshan Shah is a young entrepreneur, digital marketer and blogger. He’s founder of <a href="https://TheWebReach.com">TheWebReach.com</a> and provides Digital Marketing services like SEO, <b><a href="https://TheWebReach.com">Guest Posting</a></b>, Inbound Marketing and many more. He loves to help people to grow their business worldwide through his digital marketing knowledge.  He’s enthusiastic about creating blogs and writes creative content for the readers.

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