BankAround.com - Compare Bank Rates (If You Dare)

Mention the name IndyMac or FreddieMac, and you'll likely draw whispers of either fear or loathing. The financial system, which is seemingly tottering on the edge of collapse, has sent many a citizen to draw out their money en masse and start stuffing bedsheets and pillows with their life savings. Yet, there is still some faith in banks, and the government is making sure that the system doesn't go bust. So, if you want to shop around for a new bank, you would do well to try the aptly named BankAround. BankAround is a new search engine that helps you compare bank deposit rates. You'll also find costs of checking, savings, and money market accounts for local banks as well as banks nationwide. It's got a straightforward, easy to use interface: simply enter what you're looking for and hit 'Search Rates'. There's also an Education Center for users to educate themselves on the intricacies of holding bank accounts and other money matters.

"With BankAround, consumers can search banking products, such as checking, savings, and retirement accounts, just like they search for airline tickets. BankAround soft launched in July of 2008, and will introduce features each month, including planning tools, calculators, mobile alerts, ratings and reviews, tips and guides, local search, and even the ability to provide feedback to banks."

BankAround provides a comprehensive search of local and national banks. It's a great resource if you want to find the best rates.

Will wary bank customers even want to find a new bank? Is this site launching at a bad time? How will it attract users?