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 as the stock and bond markets settled down a bit following the Dec. 17 Fed meeting, where U.S. central bank officials signaled they are in no hurry to raise interest rates," 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 Cleveland Region area, the average 5-year CD rate sat at 0.97%, lower than the national average of 1.17%. Rates on the 5-year CD ranged from 0.1% on the low end to 1.75% at the high end, which can be found at Third Federal Savings & Loan Assoc of Cleveland. The average 3-year CD rate in Greater Cleveland Region was 0.48% with a range of 0.05% to 1.2% found at Dollar Bank, Federal Savings Bank. And if you are on the market for a 1-year CD, take a look at Ohio Savings Bank, which currently offers a rate of 0.4% as compared to the Greater Cleveland Region average of 0.21%. Other top rate issuers can be found in the tables that follow.