NEW YORK, Oct. 29, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for CD rates remained unchanged across all durations 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.

(Logo: http://photos.prnewswire.com/prnh/20130102/NY35868LOGO-b )

(Logo: http://photos.prnewswire.com/prnh/20130219/NY62571LOGO )

"The freeze in rates comes as no surprise as economists and market analysts expect the Federal Reserve's latest policy statement to make no change to its economic stimulus program," said Joe Deaux, TheStreet's Economics Analyst. "Investors were anticipating a September tapering of the central bank's monthly asset purchases, but the decision to continue buying at the same pace coupled with the government shutdown through most of October has left many market participants believing that the economy is still too fragile for substantial policy change. Until we see Fed action, savers can expect similar sluggish fluctuation in CD rates."

NATIONAL AVERAGE RESULTS - $10K

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.

 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