DepositAccounts.com is a website that promises to give people the unbiased information they need regarding the banks and credit unions they use for day-to-day finance as well as longer term investments.
How Does It Work?
According to their website, DepositAccounts.com was created in 2005 by Ken Tumin and started as the Bank Deals Blog, but within ten years after they were established, this website had grown into “the largest consumer destination in the United States maintaining a dedicated focus on depository banking products.”
DepositAccounts.com currently tracks more than 275,000 deposit rates and displays more than 10,000 bank and credit union reviews as well as health ratings for all federally insured banks and credit unions. All you have to do to get the information you want is to enter the name of a bank or credit union, or choose one of the popular institutions listed on their website.
This website says that their unbiased nature and their giant database of proprietary rate data allows them to provide their customers with better and more accurate rates and more options than any other competitor website. At this time, their website is tracking about 275,000 rates from US banks and credit unions.
This website describes themselves as the first major bank account comparison site that is truly unbiased. They say that they receive no compensation for over 99% of the banks and credit unions they review, and that advertising relationships never affect which rates they include in their tables. Their website says that they understand this isn’t a great way to earn short term revenue, but their goal is to be the best source of information.
Because this company does not charge their visitors fees for the information they provide, they also do not have any reason to offer any sort of a Refund Policy. If you use this website as an informational source for a financial product that you then purchase or invest in, you will need to speak to the financial institution responsible in order to see what policies they have in place that you should be following.
Customer Service Contact Info
Customers who would like to contact Customer Service with any questions, concerns, or complaints can do so by email at [email protected]
This company does not appear to have many reviews, but the few which are available appear to be positive in nature. In fact, there are many other well-known and respected websites, including Consumer Reports, which refers to DepositAccounts.com as a reliable source to refer to when doing your own personal research on financial institutions and products.
In additions, because this website is free to use, customers should feel comfortable trying it for themselves to see if it works for them.
Competitors and Alternatives?
As mentioned by this website, there are a variety of alternatives to Deposit Accounts, including well-known options like NerdWallet, Bankrate.com, and many others, but this website claims to be the only one which does not sell products or allow advertising or promotional deals.
If you have any experience with this company or their products, please leave your DepositAccounts.com reviews below.