5-Year CD Rates in Greater Portland Region Lower Than National Average

NEW YORK - RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for four and five-year CD terms each increased by one basis point this week as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.

"Four and five-year CD rates increased by one basis point each over the past week as economic data was mixed overall. An upward revision to GDP was offset by weak consumer confidence numbers Tuesday. Housing and employment data last week was generally positive," said Dan Freed, Senior Staff Reporter for TheStreet.

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 0.15% 0.15%
6 month CD 0.23% 0.23%
1 year CD 0.36% 0.36%
2 year CD 0.56% 0.56%
3 year CD 0.76% 0.76%
4 year CD 0.95% 0.94%
5 year CD 1.17% 1.16%

In the Greater Portland Region area, the average 5-year CD rate sat at 0.71%, lower than the national average of 1.17%. Rates on the 5-year CD ranged from 0.15% on the low end to 1.75% at the high end, which can be found at Umpqua Bank. The average 3-year CD rate in Greater Portland Region was 0.43% with a range of 0.05% to 1.0% found at Washington Federal, National Association. And if you are on the market for a 1-year CD, take a look at Washington Federal, National Association, which currently offers a rate of 0.35% as compared to the Greater Portland Region average of 0.15%. Other top rate issuers can be found in the tables that follow.

GREATER PORTLAND REGION AVERAGE RESULTS - $10K

Avg Rate This
week
Highest Available
Rate
Highest Available Rate Issuer
Money Market 0.08% 0.45% HomeStreet Bank
1 month CD 0.05% 0.15% HomeStreet Bank
3 month CD 0.08% 0.15% Washington Federal, National Association
6 month CD 0.1% 0.25% Washington Federal, National Association
1 year CD 0.15% 0.35% Washington Federal, National Association
2 year CD 0.29% 0.85% Umpqua Bank
3 year CD 0.43% 1.0% Washington Federal, National Association
4 year CD 0.57% 1.5% Washington Federal, National Association
5 year CD 0.71% 1.75% Umpqua Bank

TOP RATE ISSUERS - $10K

This is a list of issuers with top interest rates in the Greater Portland 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 ($)
APY(%)
HomeStreet Bank
503-227-1679
www.homestreet.com
D+ 10000 0.45
Washington Federal, National Association
503-693-9100
www.washingtonfederal.com
B 1000 0.15
US Bank National Association
503-397-4896
www.usbank.com
C 10000 0.1
Banner Bank
503-534-1000
www.bannerbank.com
A- 10000 0.1
Regents Bank
360-693-0786
www.regentsbank.com
C+ 10000 0.1
1 Month CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
HomeStreet Bank
503-227-1679
www.homestreet.com
D+ 10000 0.15
Banner Bank
503-534-1000
www.bannerbank.com
A- 2500 0.1
KeyBank National Association
360-906-1141
www.key.com
B 10000 0.1
US Bank National Association
503-397-4896
www.usbank.com
C 10000 0.05
Regents Bank
360-693-0786
www.regentsbank.com
C+ 1000 0.05
3 Month CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
HomeStreet Bank
503-227-1679
www.homestreet.com
D+ 10000 0.15
Regents Bank
360-693-0786
www.regentsbank.com
C+ 1000 0.15
Washington Federal, National Association
503-693-9100
www.washingtonfederal.com
B 1000 0.15
Banner Bank
503-534-1000
www.bannerbank.com
A- 2500 0.1
KeyBank National Association
360-906-1141
www.key.com
B 10000 0.1
6 Month CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Washington Federal, National Association
503-693-9100
www.washingtonfederal.com
B 1000 0.25
Regents Bank
360-693-0786
www.regentsbank.com
C+ 1000 0.2
HomeStreet Bank
503-227-1679
www.homestreet.com
D+ 10000 0.15
Banner Bank
503-534-1000
www.bannerbank.com
A- 2500 0.15
KeyBank National Association
360-906-1141
www.key.com
B 10000 0.1
1 Year CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Washington Federal, National Association
503-693-9100
www.washingtonfederal.com
B 1000 0.35
Regents Bank
360-693-0786
www.regentsbank.com
C+ 1000 0.3
HomeStreet Bank
503-227-1679
www.homestreet.com
D+ 10000 0.2
Banner Bank
503-534-1000
www.bannerbank.com
A- 2500 0.2
Heritage Bank
503-306-5400
www.heritagebankwaonline2.com
B 2500 0.18
2 Year CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Umpqua Bank
360-993-2265
www.umpquabank.com
B- 10000 0.85
Washington Federal, National Association
503-693-9100
www.washingtonfederal.com
B 1000 0.8
Regents Bank
360-693-0786
www.regentsbank.com
C+ 1000 0.4
HomeStreet Bank
503-227-1679
www.homestreet.com
D+ 10000 0.4
Banner Bank
503-534-1000
www.bannerbank.com
A- 2500 0.35
3 Year CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Umpqua Bank
360-993-2265
www.umpquabank.com
B- 10000 1.0
Washington Federal, National Association
503-693-9100
www.washingtonfederal.com
B 1000 1.0
Bank of the West
503-292-3600
www.bankofthewest.com
B 10000 1.0
Regents Bank
360-693-0786
www.regentsbank.com
C+ 1000 0.6
HomeStreet Bank
503-227-1679
www.homestreet.com
D+ 10000 0.6
4 Year CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Washington Federal, National Association
503-693-9100
www.washingtonfederal.com
B 1000 1.5
Bank of the West
503-292-3600
www.bankofthewest.com
B 10000 1.5
Umpqua Bank
360-993-2265
www.umpquabank.com
B- 10000 1.4
Regents Bank
360-693-0786
www.regentsbank.com
C+ 1000 0.75
Heritage Bank
503-306-5400
www.heritagebankwaonline2.com
B 2500 0.7
5 Year CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Umpqua Bank
360-993-2265
www.umpquabank.com
B- 10000 1.75
Washington Federal, National Association
503-693-9100
www.washingtonfederal.com
B 1000 1.7
Bank of the West
503-292-3600
www.bankofthewest.com
B 10000 1.5
Regents Bank
360-693-0786
www.regentsbank.com
C+ 1000 1.0
Heritage Bank
503-306-5400
www.heritagebankwaonline2.com
B 2500 0.95

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.

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