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CD Interest Rates Holding Steady at Record Lows

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NEW YORK, Nov. 20, 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 remain steady over the previous week with the national average rate for both 2 year and 3 year CDs slightly increasing by 0.01 percent based on data collected from over 90,000 financial institution locations.

The numbers reflect Federal Reserve monetary policy – which has pushed short-term rates to record lows in a bid to spark mortgage and corporate lending – as well as global supply and demand. With uncertainties in the Eurozone and China's growth, international investment continues to flow to the U.S., keeping interest rates consistently low.

Ben Bernanke, chairman of the Federal Reserve, said rates may continue to lower levels as a result of Congress and the administration coming to terms on a long-term fiscal policy. "A credible plan to put the federal budget on a path that will be sustainable in the long run could help keep longer-term interest rates low," Bernanke said today in an address to the Economic Club of New York, "and boost household and business confidence, thereby supporting economic growth today."

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 0.43 0.44
3 year CD 0.58 0.59
4 year CD 0.72 0.72
5 year CD 0.93 0.93

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.

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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.