Our Technology & Banking Data Warehouse

In a space where manual processes abounded and stale and incomplete banking data sets were the result, we at DepositAccounts set out to take a different approach to gathering banking data. We have spent more than half of a decade building and refining a data collection system that leverages modern technologies to produce the most comprehensive and up-to-date depository banking data set on the Web.

Our Patented Technology

DepositAccounts' proprietary technology is the driver behind our collection system’s unique combination of scale and accuracy. In 2015, the United States Patent Office recognized our novel technology and approach to gathering bank data via an issued patent.

Our Proprietary Banking Data Set

Rather than describe our data set simply with text, we thought we would give you a bit of a visual tour, instead. Take a look below at some of the details around what we track and some of the more interesting data points to arise from our data set.

What We Track…

Federally Insured
Banks
4,838
Federally Insured
Credit Unions
4,972
Unique Bank and Credit
Union Deposit Products
94,659
Bank and Credit
Union Attributes
402,007

Up to 97 unique attributes for
each bank/credit union

97
Including…
  • Membership Requirements
  • Branch Locations / Online Availability
  • Financial Health Information
  • Account Requirements
  • Min/max Balances
  • Allows Beneficiaries?
  • Debit Card Available?
  • Max Number of Checks per Month
  • Paper Statements Available?
  • Permitted Monthly Withdrawals
 
  • Monthly Service Charge (Nat Avg: $48.04)
  • Overdraft (Courtesy Pay) Fee (Nat Avg: $30.18)
  • OD Protection Transfer Fee (Nat Avg: $5.58)
  • Third Party ATM Fee (Nat Avg: $1.77)
  • Insufficient Funds Fee (Nat Avg: $30.02)
  • 5yr Early Withdrawal Penalty (Nat Avg: 266.3 days)
  • Inbound Wire Transfer Fee (Nat Avg: $13.53)
  • Outbound Wire Transfer Fee (Nat Avg: $22.59)
  • Min Balance to Avoid Fee (Nat Avg: $4,062)
  • ... and 78 more
Deposit Rates
147,115
SAVINGS/MMAs
37,132
CHECKING
10,236
CDs
43,397
IRAs
55,556
OTHER
794
In the past 24 hours
Fee & Feature Changes
85
Rate Changes
1,481
Web Pages Reviewed
28,260
Products Reviewed
154,889

Data Points of Interest

Savings Rate Averages Vs. Top 4 Megabanks Average
1x
MegaBanks
1.03%
0.3x
All Credit Unions
0.35%
0.5x
All Banks
0.47%
0.9x
Top 10% Best Rates
0.96%
4.0x
Top 1% Best Rates
4.15%
Average Savings APY: Bank Type
635%
Higher
5-Year CD Rate: Bank vs CU
51%

Percent higher that the average credit union 5-year CD rate is vs. average bank 5-year CD rate.

CD Early Withdrawal Penalties:
Best 5% vs. Worst 5% (in # of days of interest)
1-Year CD
5-Year CD
30 Days
180 Days
90 Days
540 Days
Bank vs. Credit Unions – Fee Averages Disparity
Banks
Credit Unions
-353%Lower Fee Averages
Than Banks
Top 10th Percentile Average Checking Rates:
Reward vs Standard Checking
A Tale of Two Depositors:
Interest from $100K Deposit Held for 5 Years

More Data Information and Resources