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.
"CD rates were unchanged across all maturities over the past week as a strong employment report Friday was offset by a strong bid for Treasuries Monday and Tuesday, with investors seeking shelter in bonds from a selloff in equities," said Dan Freed, Senior Staff Reporter for TheStreet.com.
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% | 0.95% |
| 5 year CD | 1.17% | 1.17% |
In the Greater Raleigh Region area, the average 5-year CD rate sat at 0.73%, lower than the national average of 1.17%. Rates on the 5-year CD ranged from 0.15% on the low end to 2.02% at the high end, which can be found at Carter Bank & Trust. The average 3-year CD rate in Greater Raleigh Region was 0.43% with a range of 0.12% to 1.2% found at Carter Bank & Trust. And if you are on the market for a 1-year CD, take a look at Carter Bank & Trust, which currently offers a rate of 0.7% as compared to the Greater Raleigh Region average of 0.19%. Other top rate issuers can be found in the tables that follow.
