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Despite Surprise Decision By Federal Reserve CD Rates Little Changed

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NEW YORK, Sept. 24, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today CD rates were little changed this week despite a surprise decision by the Federal Reserve on Wednesday to continue its $85 billion monthly bond-buying program which sent 10-year Treasury yields to their lowest levels since August. 

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"The decision by the central bank and the subsequent Treasury rally should have led to lower rates in all maturities, though three- and five- year CD rates actually rose, though only by one basis point, or a tenth of one percent," said Dan Freed, Senior Writer for TheStreet. "Still, the extension of the Fed's easy money policies suggests it will be a still-longer wait for savers hoping to earn interest rates approaching anything like their historical norms."

NATIONAL AVERAGE RESULTS - $10K

This week

Last week

Money Market

0.10

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

0.81

TOP RATE ISSUERS - $10KThis is a list of issuers with top interest rates. The issuer's Financial Strength Rating isan 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, visitwww.weissratings.com/help/what-our-ratings-mean.aspx.  Information is believed to be accurate, but not guaranteed.

Money Market

Financial StrengthRating

Minimumto EarnInterest($)

APY (%)

First NBC Bank

B-

10000

1.260

504-671-3550

www.firstnbcbank.com

Doral Bank

D-

5000

0.950

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

Financial StrengthRating

Minimumto EarnInterest($)

APY(%)

Pacific Trust Bank, FSB

C+

1

0.800

877-441-2265

www.pacifictrustbank.com

Carter Bank & Trust

C+

2500

0.500

276-632-2901

www.carterbankandtrust.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

3 Month CD

Financial Strength Rating

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

Financial StrengthRating

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

Discover Bank

C+

2500

0.650

888-765-6654

www.discoverbank.com

VirtualBank

B-

10000

0.650

561-776-8860

www.virtualbank.com

1 Year CD

Financial StrengthRating

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

Nationwide Bank

B+

10000

1.010

614-249-6226

www.nationwide.com

Ally Bank

B+

1

0.940

877-247-2559

www.ally.com

CIT Bank

B+

1000

0.900

801-412-6800

www.bankoncit.com

2 Year CD

Financial StrengthRating

Minimumto EarnInterest($)

APY(%)

Doral Bank

D-

500

1.450

212-584-6820

www.doralbankny.com

Salem Five Direct

B-

10000

1.250

800-850-5000

www.salemfivedirect.com

Flushing Commercial Bank

C+

5000

1.200

718-512-2929

www.flushingbank.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

Financial StrengthRating

Minimum to EarnInterest($)

APY(%)

First NBC Bank

B-

10000

1.820

504-671-3550

www.firstnbcbank.com

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

4 Year CD

Financial StrengthRating

Minimum to 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

Emigrant Bank

C+

1000

1.650

212-850-4521

www.emigrant.com

Intervest National Bank

C

2500

1.650

212-218-8383

www.intervestnatbank.com

5 Year CD

Financial StrengthRating

Minimumto EarnInterest($)

APY (%)

Charles Schwab

 U

1000

2.100

800-435-4000

www.schwabbank.com

iGObanking.com

C+

1000

2.050

888-432-5890

www.igobanking.com

ESSA Bank & Trust

C

1000

2.040

570-421-0531

www.essabank.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

 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 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 96,000 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 TheStreetTheStreet, 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:

Emily SchneiderTheStreet, Inc.212-321-5521emily.schneider@thestreet.com

Joe DeauxTheStreet, Inc.212-321-5086joseph.deaux@thestreet.com

SOURCE TheStreet, Inc.

RELATED LINKShttp://www.thestreet.com

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