Lexington named one of the best cities in the U.S. to bank in because of its large variety of banks to choose from and high average interest rates on deposit accounts.
Online PR News – 24-April-2010 – – Go Banking Rates, a leading online provider of national and local bank rates and personal finance products, recently named Lexington as one of its Best Cities to Bank in. This city made the list because of its large variety of banks to choose from with 12 local Lexington banks in the area, as well as its high 1.3% APY average interest rate on deposit accounts.
Banking is an integral part of the daily lives of consumers all over the nation, and yet, banks are often taken for granted. Due to the bad press associated with larger banks throughout the recession, consumers have become leery of whether their bank is doing its best or even if it will stay open throughout the year.
Go Banking Rates wanted to reward the local banks and credit unions that have maintained standards and kept their interest rates high despite the state of the economy. To do this, they gathered data from over 600 cities around the nation, small and large, and chose 20 that had the best combination of a favorable amount of banks per person and high deposit account interest rates.
“The number of banks in Lexington is certainly astounding and their commitment to providing customers the best deposit rates is definitely something to brag about, especially in this economy,” said Jeff Bartlett, President of the GoMedia Network, which owns and operates Go Banking Rates. To view the other 19 cities that had the best combination of high banking rates and number of available local banks, visit GoBankingRates.com.
Now, Go Banking Rates wants to turn over the list to consumers. They found the best cities, but want to know if there are banks that shine particularly well in cities around the country. Consumers can share their favorite bank by entering the Thank Your Bank Sweepstakes for a chance to win $1,000. They can also win a coveted Apple iPad, just for telling friends to participate as well.
Between April 12 and May 21, 2010, guests can enter by visiting the Best Banks Sweepstakes which links them to an integrated Facebook application.
After the sweepstakes comes to an end, Go Banking Rates will gather all favorite bank nominations to determine the overall favorite and award that bank with the Go Banking Rates Voter's Choice Award for Best Bank.
About Go Banking Rates:
GoBankingRates.com goes everywhere your money goes with the best interest rates on financial services nationwide, as well as informative personal finance content and helpful tools. It is an integral part of the GoMedia Network, which includes more than 2,000 personal finance websites, providing two million visitors per month with information, tools and ideas to address their banking, credit and insurance needs. The sites aggregate financial rate information, offering consumers the best rates on personal financial products locally and nationally from banks and credit unions, insurance providers, lenders and other financial institutions.
For information on advertising and more, contact:
Jeff Bartlett, President
2381 Rosecrans Avenue, Suite 110
El Segundo, CA 90245