Slight Drop In 1- And 3-Year CD Rates, Despite Talk Of Fed Scale Back On Stimulus.
TheStreet and RateWatch Report Top CD Rate Issuers
Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, May 28, 2013 /PRNewswire/ — RateWatch, a premier banking
data and analytics service owned by TheStreet, Inc. (
1 Toxic shock toxin 2 Treadmill stress test, see there
reported this week the average 1- and 3-year CD rates dipped
incrementally as national averages generally remained unchanged at
record-low levels. The Federal Reserve has continued to keep the
federal funds rate
at a range of zero to 0.25% since late
The slight drop in average 1- and 3-year CD rates occurred despite
the suggestion in last week’s Federal Reserve minutes that a
growing number of members were considering scaling back on monetary
/stim·u·lus/ () pl. stim´uli [L.] any agent, act, or influence which produces functional or trophic reaction in a receptor or an irritable tissue.
“Economists and analysts have said that a pullback in Fed
stimulus eventually could lead to a gradual increase in the federal
funds rate. Investors in CDs must gauge the possibility of such a rise
and then consider the length of CD to currently hold, says Joe
Economist at TheStreet. ”
want to avoid costly penalties
associated with early withdrawal from CDs in the event that they seek to
tr.v. re·in·vest·ed, re·in·vest·ing, re·in·vests
To invest (capital or earnings) again, especially to invest (income from securities or funds) in additional shares.
because of rising rates.”
NATIONAL AVERAGE RESULTS – $10K
TOP RATE ISSUERS – $10K This is a list of issuers with top interest
rates. The issuer’s Financial Strength Rating isan independent,
unbiased evaluation of quarterly regulatory statements. Institutions are
tr.v. as·signed, as·sign·ing, as·signs
1. To set apart for a particular purpose; designate:
a letter grade of A-E with “A” representing the
highest rating based on a review of many aspects of financial safety
n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets.
, 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.
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
afternoon from RateWatch’s unbiased national interest rate survey
of over 96,000 financial institution locations across the
officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world’s third largest country in population and the fourth largest country in area.
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 96,000 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
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