Academic journal article ABA Banking Journal

New Interest Rate Portal Launched

Academic journal article ABA Banking Journal

New Interest Rate Portal Launched

Article excerpt

Bankers visiting aba.com can now compare interest rates by using Datatrac's RateDex Pro, the banking industry's largest online interest rate portal.

The portal will provide real-time, online access to retail deposit interest rate data for more than 15,000 financial institutions nationwide.

"We are very excited to provide this powerful resource to the banking industry," said Jane Yao, ABA managing director of surveys and statistics. "Our survey results show that even first-time users of RateDex Pro are immediately able to see the value of its use in pricing decisions and competitive peer analyses."

The portal uses interactive technology to allow users to define their own local market and graphically benchmark current and historical rates for their institution against peers, market averages and other financial indexes, such as the prime rate, fed funds rates and others. Data can also be downloaded into Excel spreadsheets for additional analysis.

Datatrac's research services can be customized to monitor any mix of asset/liability products and competitors. Reports can be delivered weekly, biweekly or monthly by fax, email or via a customized, security-coded Internet Research Center. Datatrac also supplies "RateAlerts," daily e-mail updates of any rate changes or special offers by competitors.

"RateDex Pro is designed to deliver today's current rate trends in Less than one-minute. …

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