New DepositAccounts.com Feature - Bank Promotions
Our rate tables have organized the listing of deposit rates. I'm excited to announce that we have just released a new feature that will organize the listing of bank promotions.
We added a new Bank Promotions section which lists all types of promotions from banks and credit unions. To see the promotions page, select "Banks" in the main navigation menu, and then select "Bank Promotions".
One thing to note is that the number of promotions that we are currently listing is not real high since we have just started to track them. The number will grow over time. You can help by submitting any promotions you find in our Bank Deals forum.
Also, since the bank promotions feature is new, it's not perfect. So please keep that in mind as you review it. If you see any issues or if you have any suggestions for improvements, you can leave a comment here or send us an email at feedback at depositaccounts.com.
In the main menu, we changed the name of "Bank Reviews" to just "Banks" since we now include much more in this section than just bank reviews. As you can see below, we added three new menu options. In addition to bank promotions, we have pages for bank rates and bank alerts. Use these pages to search for your bank when you want to review its rates or set an alert. I have more details on bank alerts in this post from last week.
Overview of the Bank Promotions Page
The top section of the bank promotions page highlights featured, popular and newly commented on promotions.
There's a "Submit a promo" button that takes you to the deals section of the forum. If you know of a promo that we're not listing, please submit it here.
There's also a button to "receive promo alerts". If you want to receive email alerts on all the promotions that your bank or credit union is offering, select this button. It will take you to our new bank alerts page where you can search for your bank. When you find your bank, you'll be taken to the bank hub page where you can select the "Receive Bank Alerts" button. We added a promotion as another checkbox option in addition to rate changes, blog posts and reviews.
For those who have opted into all alert types for a bank, we are defaulting these subscriptions to include promotions as well. This setting can be changed from the control panel at any time.
In the bottom section, you can view all of the promotions in a table format.
Use the filter box above the table to include or exclude certain promotions. For example, if you want to just see credit card promotions, uncheck all boxes in the Promo Type section of the filters box except for "Offer" and "Credit Card". And if you want credit card promotions that just pay cash, leave the "cash" box checked and uncheck all other boxes in the Reward Type section.
Just like the rate tables, you can filter the table based on your state or you can check the "Nationwide" box and uncheck the "Local" box to see just nationwide offers.
Promotion Listings for a Bank
When you click on the bank's name in the table, you'll be taken to the new promotions tab in our hub page for that bank. From here, you can view all promotions being offered by that bank. If we are not listing any active promotions at a bank, the promotions tab will not be displayed.
For each of the bank's promotions, you can vote and comment on them. Please vote and leave a comment on any promotions you have experience with.
The "View Promo Details" will either take you to a forum thread or blog post on the promotion or to the promotions page at the bank's website.
One Last Note on Bank Promotions
With deposit rates being very low, promotions provide another way to make money from the banks. But remember that there are always some catches. The blog posts and forum threads are intended to help you review these catches, but be sure to check with the bank for all of the requirements.