Keep Your Cash Cool With These Hot Summer Savings Tips From Informa Research Services

CALABASAS, CA, Jul 10 (MARKET WIRE) --
Summer is finally upon us. Temperatures may be peaking, but rates on
certificate of deposits (CDs), high yield savings, and money market
accounts are not. According to Informa Research Services' "Interest Rate
Review," the average annual percentage yield (APY) on 12 month CDs at
$25,000 dropped to 1.39% from 2.48% a year ago. However, by taking
advantage of enticing promotional offers and looking online, consumers
can still find great deals and impressive rates
(http://www.bankingmyway.com/ratesearch/moneymarket/).

Check online rate tables to find the highest available APY in your area.
Also, focus on online banks as an alternative way to find competitive
rates. For instance, Everbank is currently offering 1.85% (earning a
bonus rate of 3.01% for your first $50,000 for the first three months) on
their money market account; the national average for the same product is
currently 0.56% at $10,000. Furthermore, while the national average on
checking accounts at $2,500 currently stands at 0.32%, Bank of Internet
is offering 1.30% on their high interest checking product.

Next time you find yourself indoors escaping the heat, take a minute to
look at online rate tables. Every bank on BankingMyWay.com's rate tables
offer rates that are well above the national average for most products.
Since impressive rates are easy to find, never settle for an average rate.

Permission is granted to reprint this release in part or in its entirety
as long as source credit is properly listed.

About Informa Research Services, Inc. (www.informars.com)

Since 1983, Informa Research Services, Inc., has provided the financial
industry's most extensive array of market research and decision-support
information.

Contact:
James Royal
Phone 818-880-8877
Fax 818-880-2069

26565 Agoura Road, Suite 300
Calabasas, California 91302-1942

Copyright 2009, Market Wire, All rights reserved.

-0-