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
1 month CD
3 month CD
6 month CD
1 year CD
2 year CD
3 year CD
4 year CD
5 year CD
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.
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.
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.
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