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Low Deposit Rates Likely to be an Economic Fixture Until 2014

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NEW YORK, Nov. 27, 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 continue to hold steady at record lows with the average national rate on both a 6 month CD and 5 year CD falling 0.01 percent based on data collected from over 90,000 financial institution locations.





Low deposit rates are a fixture in the current economic environment, with the Federal Reserve keeping its target short-term federal fund rates in a range of zero to 0.25% since late 2008. The Fed is likely to maintain its "highly accommodative" monetary policy until at least 2014.

According to the Federal Reserve Open Market Committee's minutes for its meetings on Oct. 23 and Oct. 24, "economic activity was projected to accelerate gradually," in 2014, "supported by a lessening in fiscal policy restraint, gains in consumer and business confidence, further improvements in financial conditions and credit availability," in addition to the very low short-term interest rates.

The Federal Reserve has also recently strengthened its effort to keep long-term rates at historically low levels, by increasing its monthly purchases of mortgage-backed securities by $40 billion a month, beginning in September, while maintaining its program to extend the average maturity of the central bank's holdings of U.S. Treasury bonds.

With the continued uncertainty in Europe, significant currency advantages, and low real estate prices in many regions of the United States, foreign investment money continues to flow into the country, which also keeps rates low.

NATIONAL AVERAGE RESULTS - $10K

This week Last week
Money Market 0.13 0.13
1 month CD 0.08 0.07
3 month CD 0.11 0.11
6 month CD 0.17 0.18
1 year CD 0.27 0.27
2 year CD 0.43 0.43
3 year CD 0.58 0.58
4 year CD 0.72 0.72
5 year CD 0.92 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
CIT Bank
801-412-6800 B+ 1000 1.060
www.bankoncit.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.

The RateWatch logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=15596

About TheStreet

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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.