New ABA/Datatrac website will provide competitive rate information for bankers.

• Position: American Bankers Association - Brief Article

Banks will soon be able to obtain competitive deposit and lending interest-rate information more easily. That's because visitors to the ABA website will have real-time access to Datatrac's database of deposit and lending interest rates and specials for over 14,000 financial institutions nationwide, ABA and Datatrac announced recently.

Under the agreement, Datatrac will build and host a website for the ABA called RateDexa Professional, which incorporates interactive technology to allow users to define their own local market and graphically benchmark current and historical rates for their institution against peers, market averages and other financial indices such as prime rate, fed funds rates, etc.

Data can also be downloaded into Excel spreadsheets for additional analysis. The new site is expected to be released on the ABA Web site before year-end.

"We are very excited about our new relationship with Datatrac," says Dr. Jane Yao, managing director of surveys and statistics at ABA. "This service will help bankers stay competitive by enabling them to dynamically graph and compare their rates...