Banking Site DepositAccounts.com Now Tracks 60,000 Bank Rates, Launches New Features

AUSTIN, Texas, Oct. 12 /PRNewswire/ -- DepositAccounts.com announced today that the number of unique bank and credit union rates the site is now tracking has exceeded 60,000. The site, which helps individuals find and compare the best Checking, CD, Money Market, Savings account and IRA rates, has also launched several new features – including a "Bank Health Rating" section.

"60,000 is a milestone for our users," says DepositAccounts.com's primary blogger – noted banking industry watchdog, Ken "The Bank Deals Guy" Tumin. "Particularly given the total objectivity of our rate tables. When users search our site for the best rates in any category, that's exactly what they'll find. Our rankings are never impacted by advertising relationships, and that simply isn't the case with a lot of other sites."

DepositAccounts.com enables visitors to search and compare various products' rates, either locally or nationally, based on a number of optional criteria. This includes a table for high-yield Rewards Checking accounts offering APY as high as 4.01% (as of 10/4/10).

Tumin typically posts, on his blog, information for 3 - 5 new rate deals each day, as well as broad commentary on the banking industry. Tumin launched the blog in 2005. To date, the blog contains more than 7,500 posts and 34,000 user comments.

DepositAccounts.com's new "Bank Health Rating" feature offers a simple search form for finding, (free of charge) updated FDIC and NCUA data for every federally insured bank and credit union.

This section provides current and historic numbers on Assets & Liabilities; current Quarterly Profit Margins; and each institution's overall health scores (on a scale of 0 to 5) – as well as scores for Texas Ratio, Texas Ratio Trend, Deposit Growth and Capitalization. Also in this section, site users are given an option to "Write A Review", and rate institutions (on a scale of 1 to 5).

SOURCE DepositAccounts.com