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Federal Reserve members committed to central bank's current monetary policy

^{Published on 2013-04-23 11:15:27 - Market Wire}
 

Federal Reserve members committed to central bank's current monetary policy -- NEW YORK, April 23, 2013 /PRNewswire/ --

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NEW YORK, April 23, 2013 /PRNewswire/ -- [ RateWatch ], a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: [ TST ]) reported today that while the average 2-, 3- and 5-year CD rates this week decreased by .01%, national averages generally remained unchanged at record-low levels.

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"Fed Vice Chair Janet Yellen -- considered the frontrunner for Chairman Ben Bernanke's post should he decide to step down -- said the economy needed exceptionally low policy rates for a longer period and she didn't believe any significant asset bubbles were forming," The Street's Economist Joe Deaux states. "St. Louis Fed President James Bullard still said he was concerned about inflation, but says scaling back on stimulus didn't mean the need for tight policy."

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.

Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak 
Plus sign "+" = top of range, Minus sign "-" = bottom of range

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. ([ www.t.st ]) is the leading digital financial media company serving up business and financial news, data and analysis to personal and institutional investors worldwide. The Company's portfolio of business and personal finance brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and Rate-Watch. To learn more, visit [ www.thestreet.com ]. The Deal, the Company's institutional business, provides intraday coverage of mergers and acquisitions and all other changes in corporate control. To learn more, visit [ www.thedeal.com ].

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

SOURCE TheStreet, Inc.