Consumers depositing more money in banks--despite lower interest rates.

• Position: Brief article

Consumers are opting for the safety of bank deposits, which are insured by the FDIC up to $250,000, to secure their savings despite the relatively low interest rate that banks are currently offering, according to a new market analysis from Market Rates Insight, a research firm that tracks rates for deposits, loans and fees for financial institutions. The company is located in San Anselmo, Calif.

On June 30, 2008, the national average interest rate for deposits was 2.80, and the total deposit balance was $6.22 trillion. However, as of...