NEW YORK - RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST), reported today that national averages for CD rates of all durations this week 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.

"Savers are looking ahead to the Fed's latest policy statement for any clues as to when the central bank will raise interest rates," reported Joe Deaux, TheStreet's Economics Analyst. "Most economists don't expect any news this week on the federal funds rate, but some are looking ahead to Chair Janet Yellen's keynote speech in August at the annual economic policy symposium in Jackson Hole, Wy."

NATIONAL AVERAGE RESULTS - $10K

Avg Rate This week

Avg Rate Last week

Money Market

0.15%

0.15%

1 month CD

0.11%

0.11%

3 month CD

0.14%

0.14%

6 month CD

0.23%

0.23%

1 year CD

0.36%

0.36%

2 year CD

0.55%

0.55%

3 year CD

0.75%

0.75%

4 year CD

0.93%

0.93%

5 year CD

1.15%

1.15%

In the Greater Los Angeles Region area, the average 5-year CD rate sat at 0.95%, lower than the national average of 1.15%. Rates on the 5-year CD ranged from 0.15% on the low end to 1.9% at the high end, which can be found at First Republic Bank. The average 3-year CD rate in Greater Los Angeles Region was 0.65% with a range of 0.05% to 1.25% found at Woori America Bank. And if you are on the market for a 1-year CD, take a look at Hanmi Bank, which currently offers a rate of 0.8% as compared to the Greater Los Angeles Region average of 0.37%. Other top rate issuers can be found in the tables that follow.

GREATER LOS ANGELES REGION AVERAGE RESULTS - $10K

Avg Rate This
week

Highest Available
Rate

Highest Available Rate Issuer

Money Market

0.14%

0.5%

OneWest Bank, National Association

1 month CD

0.11%

0.2%

Preferred Bank

3 month CD

0.15%

0.4%

Hanmi Bank

6 month CD

0.24%

0.7%

Hanmi Bank

1 year CD

0.37%

0.8%

Hanmi Bank

2 year CD

0.52%

1.0%

Hanmi Bank

3 year CD

0.65%

1.25%

Woori America Bank

4 year CD

0.77%

1.5%

First Republic Bank

5 year CD

0.95%

1.9%

First Republic Bank

TOP RATE ISSUERS - $10K

This is a list of issuers with top interest rates in the Greater Los Angeles Region area. 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(%)

OneWest Bank, National Association
626-535-4870
www.owb.com

B+

10000

0.5

Hanmi Bank
213-427-5757
www.hanmi.com

B

10000

0.4

Woori America Bank
323-730-1101
www.wooriamericabank.com

B

2000

0.25

Wilshire Bank
213-427-1000
www.wilshirebank.com

B-

2500

0.25

United Central Bank
562-865-8822
www.unitedcentralbank.com

D-

5000

0.2

1 Month CD

Financial Strength
Rating

Minimum to Earn
Interest ($)

APY(%)

Wilshire Bank
213-427-1000
www.wilshirebank.com

B-

1000

0.2

Preferred Bank
213-891-1188
www.preferredbank.com

B

1000

0.2

Torrey Pines Bank
213-362-5200
www.torreypinesbank.com

B

5000

0.15

Industrial and Commerical Bank of China (USA) NA
626-300-8888
www.icbc-us.com

D+

2500

0.15

Banc of California, National Association
877-770-2262
www.bancofcal.com

B-

1

0.12

3 Month CD

Financial Strength
Rating

Minimum to Earn
Interest ($)

APY(%)

Hanmi Bank
213-427-5757
www.hanmi.com

B

1000

0.4

Preferred Bank
213-891-1188
www.preferredbank.com

B

1000

0.3

OneWest Bank, National Association
626-535-4870
www.owb.com

B+

1000

0.3

BBCN Bank
213-251-2222
www.bbcnbank.com

C+

1000

0.3

Wilshire Bank
213-427-1000
www.wilshirebank.com

B-

1000

0.25

6 Month CD

Financial Strength
Rating

Minimum to Earn
Interest ($)

APY(%)

Hanmi Bank
213-427-5757
www.hanmi.com

B

1000

0.7

BBCN Bank
213-251-2222
www.bbcnbank.com

C+

1000

0.6

Wilshire Bank
213-427-1000
www.wilshirebank.com

B-

1000

0.6

Woori America Bank
323-730-1101
www.wooriamericabank.com

B

1000

0.5

OneWest Bank, National Association
626-535-4870
www.owb.com

B+

1000

0.45

1 Year CD

Financial Strength
Rating

Minimum to Earn
Interest ($)

APY(%)

Hanmi Bank
213-427-5757
www.hanmi.com

B

1000

0.8

BBCN Bank
213-251-2222
www.bbcnbank.com

C+

1000

0.8

Wilshire Bank
213-427-1000
www.wilshirebank.com

B-

1000

0.8

Woori America Bank
323-730-1101
www.wooriamericabank.com

B

1000

0.75

OneWest Bank, National Association
626-535-4870
www.owb.com

B+

1000

0.7

2 Year CD

Financial Strength
Rating

Minimum to Earn
Interest ($)

APY(%)

Hanmi Bank
213-427-5757
www.hanmi.com

B

1000

1.0

BBCN Bank
213-251-2222
www.bbcnbank.com

C+

1000

1.0

Woori America Bank
323-730-1101
www.wooriamericabank.com

B

1000

1.0

Wilshire Bank
213-427-1000
www.wilshirebank.com

B-

1000

0.95

OneWest Bank, National Association
626-535-4870
www.owb.com

B+

1000

0.85

3 Year CD

Financial Strength
Rating

Minimum to Earn
Interest ($)

APY(%)

Woori America Bank
323-730-1101
www.wooriamericabank.com

B

1000

1.25

BBCN Bank
213-251-2222
www.bbcnbank.com

C+

1000

1.1

First Republic Bank
213-239-8883
www.firstrepublic.com

B+

10000

1.1

Hanmi Bank
213-427-5757
www.hanmi.com

B

1000

1.05

Wilshire Bank
213-427-1000
www.wilshirebank.com

B-

1000

1.05

4 Year CD

Financial Strength
Rating

Minimum to Earn
Interest ($)

APY(%)

First Republic Bank
213-239-8883
www.firstrepublic.com

B+

10000

1.5

Bank of the West
949-786-7220
www.bankofthewest.com

B

10000

1.5

Umpqua Bank
949-474-1020
www.umpquabank.com

B-

1000

1.4

Woori America Bank
323-730-1101
www.wooriamericabank.com

B

1000

1.25

OneWest Bank, National Association
626-535-4870
www.owb.com

B+

1000

1.25

5 Year CD

Financial Strength
Rating

Minimum to Earn
Interest ($)

APY(%)

First Republic Bank
213-239-8883
www.firstrepublic.com

B+

10000

1.9

Umpqua Bank
949-474-1020
www.umpquabank.com

B-

1000

1.75

Industrial and Commerical Bank of China (USA) NA
626-300-8888
www.icbc-us.com

D+

2500

1.51

Bank of the West
949-786-7220
www.bankofthewest.com

B

10000

1.5

OneWest Bank, National Association
626-535-4870
www.owb.com

B+

1000

1.5

Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch's unbiased national interest rate survey of over 96,000 financial institution locations across the United States.

More About CDs:

CDs, or certificate of deposits, are bank-issued promissory notes wherein an investor deposits money for a set amount of time and, provided the money remains untouched, receives interest on the total sum when the investment matures.

While the money can't be accessed during that time (without incurring penalties), the advantage of a CD over a regular savings deposit is the higher rate of interest. Typically, a CD can be taken out on as few as three-month terms but can range to up to five years; generally, the longer the timeframe the higher rate of interest.

CD Laddering:

To provide further financial security, a CD laddering strategy offers conservative investors the opportunity to stagger their capital across numerous deposits set to expire at different intervals. Not only does this hedge against variable rate fluctuations by offering a guaranteed return at a locked-in interest rate, it also increases liquidity given that one CD will mature at predictable and established intervals.

Using an example of a five-year ladder strategy, an investor would divide his or her money amongst one-, two-, three-, four-, and five-year CDs. Once the one-year deposit matures, he or she will reinvest the money into a five-year CD, and will do so every subsequent year upon each CD's maturation. In this way, the investor has a CD that matures each year and thus, steady income from the interest on the maturing investments.

Nevertheless, investors must keep in mind that the onus of developing a ladder strategy is on the investor, not the bank or financial institution. In developing a strategy, map out each rung of the ladder, determining how long you want to invest for, the kind of return you are targeting and the length of time you can tolerate not having access to the principal and interest.

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 TheStreet, Inc.

National average is calculated using one unique rate per institution. Averages are based on banks, savings & loans, brokers and Internet banks with assets greater than $1 billion.