We have a new feature that will help keep you updated on rate changes at your banks and credit unions. You can now set up email alerts for banks and credit unions. When we find there has been a rate change for any account at your bank, you will receive an email alert of that change. In addition to rate changes, you can also enable alerts when there's a new blog post on your bank or when there's a new user bank review or comment in the forum. If there are multiple rate changes, blog posts or forum threads in a single day for that bank, they will be grouped together in a single email.
Even though we track rates for over 8,000 banks and credit unions, we don't track rates for all institutions. Rate alerts are only applicable for those institutions which we track (alerts related to blog posts, user reviews, and forum threads will still be available for the other institutions).
Another thing to keep in mind is that rate alerts may be delayed for up to a day before an email is sent (and in select cases, longer than a day). We want to make sure the rate changes are accurate before an email is sent. So this will take some extra time. Of course, some banks are occasionally late in posting their new rates, or they may not even post their new rates. In those less frequent cases, there could be a delay even beyond the one-day period.
With these limitations in mind, here are two simple steps to set up an email alert:
The first step is to find your bank. Select "Banks" in the main navigation menu and "Bank Alerts" in the sub menu. In the "Bank Alerts" page, enter the name of your bank or credit union in the search box.
The "Bank Alerts" search should take you to our hub page for your bank or credit union. On the top right of this hub page, you'll see a big button that says "Receive Bank Alerts". Just select this button to choose the alerts you wish to receive. Below is a snapshot of the Ally Bank hub page showing the new alerts button.
You can enable alerts without being logged in. However, being logged in when you set up alerts allows those alerts to be managed from the "Managed Subscriptions" section of DepositAccounts.com.
There are a few banks that will notify their customers when rates are reduced, but most banks quietly reduce rates and increase fees. Our bank alerts will help ensure you won't miss those sneaky changes.
We have more website enhancements in the works. So please stay tuned.