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|
|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 Virginia Beach Region area, the average 5-year CD rate sat at 0.99%, lower than the national average of 1.17%. Rates on the 5-year CD ranged from 0.15% on the low end to 2.27% at the high end, which can be found at Chartway Federal Credit Union. The average 3-year CD rate in Greater Virginia Beach Region was 0.55% with a range of 0.12% to 1.0% found at Armed Forces Bank, National Association. And if you are on the market for a 1-year CD, take a look at Chartway Federal Credit Union, which currently offers a rate of 0.95% as compared to the Greater Virginia Beach Region average of 0.23%. Other top rate issuers can be found in the tables that follow.