TheStreet and RateWatch Report Top National & Regional CD Rate Issuers
NEW YORK, June 9, 2015 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. TST reported today that the 1 year national CD average increased from 0.36 to 0.37 this week and rates of all other durations 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 saw a slight increase this week," said TheStreet economics reporter Scott Gamm. "Investors still remain cautious over when the Federal Reserve might raise its fed funds rate. While some economists expect a rate hike announcement during the Fed's September meeting, the International Monetary Fund last week said the central bank should wait until 2016 to push rates higher."
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 |
0.36 |
2 year CD |
0.57 |
0.57 |
3 year CD |
0.77 |
0.77 |
4 year CD |
0.96 |
0.96 |
5 year CD |
1.18 |
1.18 |
* 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 |
A- |
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 | |||
Beal Bank USA |
C+ |
1000 |
0.510 |
602-714-3838 | |||
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 | |||
Great Southern Bank |
B |
250 |
0.500 |
417-888-4316 | |||
www.greatsouthernbank.com | |||
6 Month CD |
Financial |
Minimum |
APY |
EmigrantDirect |
C- |
1000 |
1.050 |
800-836-1997 | |||
www.emigrantdirect.com | |||
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 | |||
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 |
CIT Bank |
B |
1000 |
1.250 |
801-412-6800 | |||
www.bankoncit.com | |||
Synchrony Bank |
C+ |
2000 |
1.250 |
866-869-4671 | |||
www.myoptimizerplus.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 | |||
VirtualBank |
B- |
10000 |
1.160 |
561-776-8860 | |||
www.virtualbank.com | |||
2 Year CD |
Financial |
Minimum |
APY |
Synchrony Bank |
C+ |
2000 |
1.450 |
866-869-4671 | |||
www.myoptimizerplus.com | |||
Barclays Bank Delaware |
C |
1 |
1.350 |
888-710-8756 | |||
www.banking.barclaysus.com | |||
iGObanking.com |
B- |
1000 |
1.350 |
888-432-5890 | |||
www.igobanking.com | |||
NexBank, SSB |
B+ |
10000 |
1.350 |
214-234-7280 | |||
www.nexbank.com | |||
CIT Bank |
B |
1000 |
1.300 |
801-412-6800 | |||
www.bankoncit.com | |||
3 Year CD |
Financial |
Minimum |
APY |
First NBC Bank |
B- |
10000 |
1.770 |
504-671-3550 | |||
www.firstnbcbank.com | |||
Capital One 360 |
C |
1 |
1.500 |
302-255-3750 | |||
www.capitalone360.com | |||
Capital One, National Association |
C |
1 |
1.500 |
302-645-1361 | |||
www.capitalone.com | |||
Oritani Savings Bank |
A- |
1000 |
1.500 |
201-664-5400 | |||
www.oritani.com | |||
BankUnited, National Association |
A- |
1000 |
1.500 |
786-313-1010 | |||
www.bankunited.com | |||
4 Year CD |
Financial |
Minimum |
APY |
Institution for Savings In Newburyport |
B |
1 |
2.000 |
978-462-3106 | |||
www.institutionforsavings.com | |||
BayCoast Bank |
C- |
10 |
1.950 |
508-678-7641 | |||
www.baycoastbank.com | |||
Nationwide Bank |
B |
10000 |
1.860 |
877-422-6569 | |||
www.nationwide.com | |||
Barclays Bank Delaware |
C |
1 |
1.850 |
888-710-8756 | |||
www.banking.barclaysus.com | |||
CIT Bank |
B |
1000 |
1.820 |
801-412-6800 | |||
www.bankoncit.com | |||
5 Year CD |
Financial |
Minimum |
APY |
Barclays Bank Delaware |
C |
1 |
2.250 |
888-710-8756 | |||
www.banking.barclaysus.com | |||
Compass Bank |
C+ |
1 |
2.200 |
334-409-7310 | |||
www.bbvacompass.com | |||
Capital One 360 |
C |
1 |
2.200 |
302-255-3750 | |||
www.capitalone360.com | |||
Capital One, National Association |
C |
1 |
2.200 |
302-645-1361 | |||
www.capitalone.com | |||
CIT Bank |
B |
1000 |
2.200 |
801-412-6800 | |||
www.bankoncit.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.
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