11/13/2012 | Press release

CD Rates Remain Steady With Significant Variances Across US Weekly Survey Shows

distributed by noodls on 11/13/2012 20:19

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NEW YORK, Nov. 13, 2012 (GLOBE NEWSWIRE) -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (Nasdaq:TST) reported today that interest rates for savings products have not changed from the previous week. One exception is the long term 5 year CD which now has an average national rate of 0.93 percent down from 0.94 based on data collected from over 90,000 financial institution locations.

Money Market rates held steady at a national average of 0.13 percent while 1 month CDs remained unchanged at 0.07 percent and 4 year CDs unchanged at 0.72 percent. However, rates vary significantly across the country with 3 month CDs earning above 0.50 percent and 5 year CDs earning over 2.00 percent in some locations.

NATIONAL AVERAGE RESULTS - $10K

	This week	Last week
Money Market	0.13	0.13
1 month CD	0.07	0.07
3 month CD	0.11	0.11
6 month CD	0.18	0.18
1 year CD	0.27	0.27
2 year CD	0.44	0.44
3 year CD	0.59	0.59
4 year CD	0.72	0.72
5 year CD	0.93	0.94

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 Strength Rating	Minimum to Earn Interest	APY
Sallie Mae Bank
801-281-1423	A-	1	1.050
www.salliemaebank.com
Green Bank, National Association
713-275-8370	C	500	1.000
www.greenbank.com
Ally Bank
877-247-2559	B	1	0.950
www.ally.com
1 Month CD	Financial Strength Rating	Minimum to Earn Interest	APY
Carter Bank & Trust
828-325-9800	C	2500	0.750
www.carterbankandtrust.com
First NBC Bank
504-671-3550	C+	1000	0.510
www.firstnbcbank.com
Pinnacle Bank
402-529-3581	B-	500	0.500
www.pinnbank.com
3 Month CD	Financial Strength Rating	Minimum to Earn Interest	APY
Carter Bank & Trust
828-325-9800	C	2500	0.750
www.carterbankandtrust.com
Eloan.com
888-533-5333	D+	10000	0.650
www.eloan.com
EverBank
888-882-3837	D	1500	0.570
www.everbank.com
6 Month CD	Financial Strength Rating	Minimum to Earn Interest	APY
Carter Bank & Trust
828-325-9800	C	2500	1.000
www.carterbankandtrust.com
Doral Bank
212-329-3700	E+	1000	0.910
www.doralbankdirect.com
Beal Bank USA
702-598-3500	B	1000	0.750
www.bealbankusa.com
1 Year CD	Financial Strength Rating	Minimum to Earn Interest	APY
Beal Bank USA
786-347-3601	B	1000	1.110
www.bealbankusa.com
Carter Bank & Trust
828-325-9800	C	100	1.100
www.carterbankandtrust.com
Bank of Internet USA
858-755-6381	B-	1000	1.100
www.bankofinternet.com
2 Year CD	Financial Strength Rating	Minimum to Earn Interest	APY
Doral Bank
850-914-2525	E+	500	1.250
www.doralbankflorida.com
First Bank of Montana
406-357-2244	C	500	1.250
www.1stbmt.com
FirstBank Florida
305-740-9522	D	1000	1.250
www.firstbankfla.com
3 Year CD	Financial Strength Rating	Minimum to Earn Interest	APY
First NBC Bank
504-671-3550	C+	10000	1.970
www.firstnbcbank.com
Signature Bank
646-822-1500	B+	5000	1.660
www.signatureny.com
Doral Bank
850-914-2525	E+	500	1.500
www.doralbankflorida.com
4 Year CD	Financial Strength Rating	Minimum to Earn Interest	APY
Institution for Savings In Newburyport
978-462-3106	B	1	1.750
www.institutionforsavings.com
Yakima Federal Savings & Loan Association
509-248-2634	A-	10000	1.750
www.yakimafed.com
First Guaranty Bank
985-345-7685	C-	500	1.700
www.fgb.net
5 Year CD	Financial Strength Rating	Minimum to Earn Interest	APY
First NBC Bank
504-671-3550	C+	10000	2.120
www.firstnbcbank.com
Pinnacle Bank
402-529-3581	B-	500	2.020
www.pinnbank.com
Institution for Savings In Newburyport
978-462-3106	B	1	2.000
www.institutionforsavings.com
Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak
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 90,000 financial institution locations across the United States.

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 90,000 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. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, The Deal, Stockpickr, Action Alerts PLUS, Options Profits, Chat on TheStreet, MainStreet and Rate-Watch. For more information on TheStreet's business, visit www.t.st. For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com, follow TheStreet on Facebook and Twitter, visit TheStreet.mobi from your mobile device and access TheStreet through all major tablet platforms. For more information on The Deal, visit www.thedeal.com.

CONTACT: Thomas Etergino

         Executive Vice President, Chief Financial Officer

         TheStreet, Inc.

         212-321-5234

         ir@thestreet.com


         Erica Mannion

         Investor Relations

         Sapphire Investor Relations, LLC

         415-471-2700

         ir@thestreet.com

Source: TheStreet, Inc.

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