CALABASAS, CA -- (Marketwire) -- 07/10/09 -- 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.