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Investment Officers Say Rates will Remain Unmoved

^{Published on 2013-02-19 12:45:39 - Market Wire}
 

Investment Officers Say Rates will Remain Unmoved -- NEW YORK, Feb. 19, 2013 /PRNewswire/ --

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NEW YORK, Feb. 19, 2013 /PRNewswire/ -- [ RateWatch ], a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: [ TST ]) reported today that interest rates for savings products remained the same over the previous week with the national average on a 2-year and 5-year CD decreasing by 0.01 percent based on data collected from over 90,000 financial institution locations.

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CD rates have generally remained unchanged at record-low levels. The Federal Reserve has continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008. Investment analysts are focusing on the Fed's policy-making minutes due out later this week.

Joe Deaux, TheStreet's economist, states "An announcement in January by the Federal Open Market Committee revealed surprising dissension among central bankers' opinions of when to conclude open-ended purchases of longer-term Treasuries and mortgage-backed securities. Should Fed members hint at an end to monetary stimulus by sometime in 2013, yields could gap up in the coming months. But investment officers say rates generally will remain unmoved and 10-year Treasury yields will hover around 2% without fresh Fed action."

NATIONAL AVERAGE RESULTS - $10K

TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates.  The issuer's Financial Strength Rating isan 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.

Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch's unbiased national interest rate survey of over 90,000 financial institution locations across the United States.

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 90,000 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.

About TheStreet
TheStreet, Inc. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, Chat on TheStreet, MainStreet and RateWatch. For more information on TheStreet's business, visit [ www.t.st ]. For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com, follow TheStreet on Facebook and Twitter, and access TheStreet through all major mobile and tablet platforms.  For more information on The Deal, visit [ www.thedeal.com. ]

Contact:

Erin Corcoran
TheStreet, Inc.
212-321-5566  
[ erin.corcoran@thestreet.com ]

SOURCE TheStreet