CD Rates Stagnant As Central Bankers Remain Unsure About Rise In Federal Funds Rate

By USDR

RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for 3-year CD rates gained this week as other CDs generally remained unchanged at record-low levels. The one basis point gain in 3-year CD rates this week erased last week’s one basis point drop.

“National averages have shown next to no change in the weeks since the Federal Reserve said it would maintain its current rate of economic stimulus – a move that signaled to savers that central bankers remain unsure as to when they may begin to raise the federal funds rate,” reported Joe Deaux, TheStreet’s Economics Analyst. “With uncertainty about the length of the government shutdown and a deal on the debt ceiling, financial analysts have said it is difficult to see the Fed tapering its stimulus program at the end of October.”

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  0.14  0.14
 1 year CD  0.23  0.23
 2 year CD  0.37  0.37
 3 year CD  0.51  0.50
 4 year CD  0.63  0.63
 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.

Money Market FinancialStrengthRating Minimum to EarnInterest($) APY(%)
First NBC Bank B- 10000 1.260
504-671-3550
www.firstnbcbank.com
Doral Bank D- 5000 0.940
212-584-6820
www.doralbankny.com
Sallie Mae Bank A- 1 0.900
801-281-1423
www.salliemaebank.com
Salem Five Direct B- 1 0.900
800-850-5000
www.salemfivedirect.com
Mercantil Commercebank, National Association C 10000 0.900
305-460-8701
www.mercantilcb.com
1 Month CD FinancialStrengthRating Minimumto EarnInterest($) APY(%)
Pacific Trust Bank, FSB C+ 1 0.800
877-441-2265
www.pacifictrustbank.com
Beal Bank USA B- 1000 0.400
702-598-3500
www.bealbank.com
Umbrellabank.com C 1000 0.400
866-862-7355
www.umbrellabank.com
Beal Bank, SSB C 1000 0.400
619-894-8066
www.bealbank.com
Merchants Bank of Indiana A- 1 0.350
317-805-4300
www.merchantsbankofindiana.com
3 Month CD FinancialStrengthRating Minimumto EarnInterest($) APY(%)
Pacific Trust Bank, FSB C+ 1 0.800
877-441-2265
www.pacifictrustbank.com
Beal Bank USA B- 1000 0.510
702-598-3500
www.bealbank.com
Umbrellabank.com C 1000 0.510
866-862-7355
www.umbrellabank.com
Institution for Savings In Newburyport B 1 0.500
978-462-3106
www.institutionforsavings.com
Doral Bank D- 500 0.500
850-914-2525
www.doralbankflorida.com
6 Month CD FinancialStrengthRating Minimumto EarnInterest($) APY(%)
Doral Bank D- 500 1.000
212-584-6820
www.doralbankny.com
Pacific Trust Bank, FSB C+ 1 0.800
877-441-2265
www.pacifictrustbank.com
Beal Bank USA B- 1000 0.750
702-598-3500
www.bealbank.com
GE Capital Bank A 500 0.650
801-517-5000
www.gecapitalbank.com
Discover Bank C+ 2500 0.650
888-765-6654
www.discoverbank.com
1 Year CD FinancialStrengthRating Minimumto EarnInterest($) APY(%)
Doral Bank D- 500 1.200
212-584-6820
www.doralbankny.com
Beal Bank USA B- 1000 1.110
786-347-3601
www.bealbank.com
Eloan.com C- 10000 1.100
888-533-5333
www.eloan.com
GE Capital Bank A 500 1.050
801-517-5000
www.gecapitalbank.com
Nationwide Bank B+ 10000 1.010
614-249-6226
www.nationwide.com
2 Year CD FinancialStrengthRating Minimumto EarnInterest($) APY(%)
Doral Bank D- 500 1.450
212-584-6820
www.doralbankny.com
Flushing Commercial Bank C+ 5000 1.200
718-512-2929
www.flushingbank.com
GE Capital Bank A 500 1.150
801-517-5000
www.gecapitalbank.com
Guaranty Bond Bank, National Association B+ 1000 1.150
903-572-9881
www.gnty.com
Emigrant Bank C+ 1000 1.150
212-850-4521
www.emigrant.com
3 Year CD FinancialStrengthRating Minimumto EarnInterest($) APY(%)
Doral Bank D- 500 1.600
212-584-6820
www.doralbankny.com
Salem Five Direct B- 10000 1.500
800-850-5000
www.salemfivedirect.com
Intervest National Bank C 2500 1.450
212-218-8383
www.intervestnatbank.com
Community Bank C+ 1000 1.400
800-239-9427
www.dodcommunitybank.com
Emigrant Bank C+ 1000 1.400
212-850-4521
www.emigrant.com
4 Year CD FinancialStrengthRating Minimumto EarnInterest($) APY(%)
Institution for Savings In Newburyport B 1 2.000
978-462-3106
www.institutionforsavings.com
HarborOne Bank U 1 2.000
508-895-1000
www.harborone.com
Doral Bank D- 500 1.650
212-584-6820
www.doralbankny.com
iGObanking.com C+ 1000 1.650
888-432-5890
www.igobanking.com
Emigrant Bank C+ 1000 1.650
212-850-4521
www.emigrant.com
5 Year CD FinancialStrengthRating Minimumto EarnInterest($) APY(%)
Charles Schwab U 1000 2.100
800-435-4000
www.schwabbank.com
EverBank C 1500 2.010
888-882-3837
www.everbank.com
Institution for Savings In Newburyport B 1 2.000
978-462-3106
www.institutionforsavings.com
Compass Bank C 1 2.000
205-297-1986
www.bbvacompass.com
State Farm Bank, FSB C 500 2.000
877-734-2265
www.statefarm.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 96,000 financial institution locations across the United States.

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.

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