BankAround.com Launches Public Beta Site For Comparing Bank Savings Rates

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BankAround announced today the Public Beta launch of BankAround.com, a consumer-friendly search engine for comparing bank deposit rates. BankAround provides a simplified way to search checking, savings, and money market rates available at national, local and online financial institutions.

BankAround announced today the Public Beta launch of BankAround.com, a consumer-friendly search engine for comparing bank deposit rates. BankAround provides a simplified way to search checking, savings, and money market rates available at national, local and online financial institutions.

The new website provides a simple way for consumers to input search criteria, including local cities, product types, amount range, and commitment time-frames. In addition, consumers can view approximately how much interest income they should expect based on their criteria. BankAround utilizes Informa Research Services' comprehensive data to power its search engine.

"The premise of BankAround is to increase the awareness of savings options so that Americans can begin to save more," stated Atul Patel, co-founder of BankAround. "We are offering an alternative to current Internet sources for this information, most of which are congested with non-relevant information, such as with content about loans and credit cards. BankAround.com is focused on helping consumers be more informed about savings options."

Based on a comprehensive survey released on February 25, 2008, by America Saves, managed by the Consumer Federation of America (CFA), and American Savings Education Council, found that only 53 percent of Americans say they save at least 5 percent of their income, and only 28 percent say that they save at least 10% of their income. It has been estimated as late as 2006 by the Consumer Federation of America, that more than $1 trillion is currently stashed in bank accounts that pay 1 percent or less.

BankAround.com will be launched in limited beta and the BankAround team will be listening to the feedback from its users to improve the offering. "We are planning some very exciting tools and features to make it even easier for our visitors to make the most of their savings potential," said James Chheng, co-founder of BankAround. "We will look to the feedback from our beta visitors to understand how we can make BankAround.com easier and more informative." BankAround.com will not only provide a simple way to search for savings options, but it already has plans to add historical and geographic trends, alerts for rate changes, bank information, and much more.

About BankAround.com
BankAround.com is a banking search engine providing its users a simplified way to search checking, money market and savings rates available at national, local, and online financial institutions. At BankAround.com, consumers can search using criteria, including local cities and product types. Consumers are provided direct links to the banks providing the offer making it easy to begin to save. The company was founded by financial services veterans and is based in Irvine, California. To learn more about BankAround, visit http://www.bankaround.com.

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Atul Patel
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