It's been awhile since we posted so we thought we could bring everyone up to speed on what's happening on the site. Last February 2011 we launched a new version of BestCashCow. The new version includes the largest rate database in the world as well as information on every bank and credit union in the US. In addition, we added information on every branch for every bank and credit union and also included rate information for every branch. Why did we do this?
Online rates are great and you can find great deals from online banks. But the reality is that online banking is only half of the picture. Or in the case of how people bank only 10% of the picture. Ninety percent of consumers bank locally. So, not having local bank information seemed like a big hole in the information we were providing.
The new site provides rate information for online banks, local banks, and local credit unions. This ensures that you have the best and most complete information when making a banking decision. So, if you wanted to open a 36-month CD in Austin, you could now in a click of the button find out that:
- The best national online rate for a 36-month CD is Discover Bank at 1.61% APY
- The best local rate for an online CD in Austin (78705) is United Central Bank at 1.54% APY.
- The best credit union rate for Austin is 2.07% APY at Randolph-Brooks Federal Credit Union.
Information that would have taken hours to assemble just a year ago can now be found in less than 30 seconds.
We plan to continue expanding the site and providing the best financial information to help you easliy put more money in your pocket. We welcome your feedback and hope the site is useful and profitable for you.
