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/PRNewswire/ RateWatch, a premier banking data and analytics service owned by (NASDAQ: TST) reported today that national averages this week for CD rates of all durations remained unchanged as the Federal Reserve continued to keep the short term federal funds rate at a range of zero to 0.25% since late 2008.
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This is a list of issuers with top interest rates. The issuer 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. Information is believed to be accurate, but not guaranteed.
Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch unbiased national interest rate survey of over 97,000 financial institution locations across the United States. National Average is calculated using one unique rate per institution. The Company portfolio of business and personal finance brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and RateWatch. The Deal, the Company institutional business, provides intraday coverage of mergers and acquisitions and all other changes in corporate control.
Plus sign "+" = top of range, Minus sign " " = bottom of range
"National averages of CD rates have remained unchanged for more than two months. The Fed statement last Wednesday suggested that the central bank isn near to raising the benchmark interest rate, which leaves savers looking to park their cash in a historically low yield savings environment," reported Joe Deaux, TheStreet Economics Analyst. "With just one central bank meeting between now and the beginning of fall, investors can expect little to no change in CD rates."
TOP RATE ISSUERS $10K
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Interest Rate Leaves CD Savers In Low
Internet Banks with assets greater than $1 Billion.
NATIONAL AVERAGE RESULTS $10K
National Average is calculated using one unique rate per institution. Averages are based on Banks, Savings Loans, Brokers Converse Purple Cactus and Converse Trainers Red
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