In real estate, it’s ‘location, location, location.’ With Internet banking, ‘it’s local, local, local’.

Fort Atkinson, WI (PRWEB) June 5, 2007 – BankingMyWay.com (www.bankingmyway.com), the quickly-expanding site where savvy investors can find CD rates as a high as 10 percent, has added searches for a series for consumer loans to their initial roster of money market and CD rates. Now people can use BankingMyWay.com to compare rates on home mortgages, auto loans, and home equity loans offered at banks, credit unions and on the Internet banks.

According to BankingMyWay.com’s CEO Kyle Selberg, "In real estate, it’s ‘location, location, location.’ With Internet banking, ‘it’s local, local, local’."

BankingMyWay.com lets consumers compare rates at a variety of local banks, where stiff competition results in attractive rates. In fact, while many consumers look for great rates from websites offering national rates, many are unaware that local rates are often more attractive. Now, on BankingMyWay.com, users can compare banks and credit unions to Internet banks and can search by zip code, city and state. Searching local is an idea that’s catching on, for weather, gas prices and now bank rates.

The site now tracks over 30,000 financial institutions, a 50% increase from when the site went live earlier this year. The number of financial institutions on BankingMyWay.com means the site holds a dramatic advantage in local rates over other banking search engines. That number will continue to grow as more and more consumers discover the BankingMyWay.com advantage.

‘Think of all the websites, magazines and brokerage firms devoted to covering mutual funds, stocks and bonds," said Selberg. "Yet banking deposits, which exceed each of these investment categories, has had very little coverage until now. Why? Banking is a local business and it takes a real focus to providing the local coverage necessary to do it right."

At the end of May, the average 12 month CD rate was about 4.5%. But in certain markets, rates of 8 to 10% (with certain restrictions) can be found. Visit BankingMyWay.com (www.bankingmyway.com) and find out why it’s ‘local, local, local’.

Contact:
Kyle Selberg
BankingMyWay.com
515-402-7283
kselberg@bankingmyway.com

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