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 held steady again this week,” said Scott Gamm, TheStreet’s Economics Reporter. “Friday’s jobs numbers showed strength, but still came in below expectations, making it a bit unclear as to whether the Federal Reserve will lift rates in September or perhaps sometime later. There is still one more labor report before the September meeting.”
NATIONAL AVERAGE RESULTS – $10K
|
This |
Last |
|
|
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 |
Minimum |
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 |
Minimum |
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 |
Minimum |
APY |
|
Carter Bank & Trust |
C+ |
100 |
0.600 |
|
276-632-2901 |
|||
|
www.carterbankandtrust.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 |
|||
|
Great Southern Bank |
B |
250 |
0.500 |
|
417-888-4316 |
|||
|
www.greatsouthernbank.com |
|||
|
6 Month CD |
Financial |
Minimum |
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 |
Minimum |
APY |
|
Eloan.com |
D+ |
10000 |
1.300 |
|
888-533-5333 |
|||
|
www.eloan.com |
|||
|
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 |
|||
|
2 Year CD |
Financial |
Minimum |
APY |
|
Eloan.com |
D+ |
10000 |
1.520 |
|
888-533-5333 |
|||
|
www.eloan.com |
|||
|
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 |
|||
|
3 Year CD |
Financial |
Minimum |
APY |
|
Institution for Savings In Newburyport |
B |
1 |
2.100 |
|
978-462-3106 |
|||
|
www.institutionforsavings.com |
|||
|
Eloan.com |
D+ |
10000 |
1.850 |
|
888-533-5333 |
|||
|
www.eloan.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 |
1.700 |
|
888-303-0310 |
|||
|
www.schwabbank.com |
|||
|
4 Year CD |
Financial |
Minimum |
APY |
|
Charles Schwab Bank, National Association |
B |
1000 |
2.050 |
|
888-303-0310 |
|||
|
www.schwabbank.com |
|||
|
Charles Schwab |
U |
1000 |
2.050 |
|
713-229-0411 |
|||
|
www.schwab.com |
|||
|
Institution for Savings In Newburyport |
B |
1 |
2.000 |
|
978-462-3106 |
|||
|
www.institutionforsavings.com |
|||
|
Eloan.com |
D+ |
10000 |
2.000 |
|
888-533-5333 |
|||
|
www.eloan.com |
|||
|
BayCoast Bank |
C- |
10 |
1.950 |
|
508-678-7641 |
|||
|
www.baycoastbank.com |
|||
|
5 Year CD |
Financial |
Minimum |
APY |
|
Eloan.com |
D+ |
10000 |
2.450 |
|
888-533-5333 |
|||
|
www.eloan.com |
|||
|
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 |
2.310 |
|
888-882-3837 |
|||
|
www.everbank.com |
|||
|
Capital One 360 |
C+ |
1 |
2.250 |
|
302-255-3750 |
|||
|
www.capitalone360.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 RateWatchFor 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
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