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New BillShrink service recommends best FIs to consumers
REDWOOD CITY, Calif. (10/1/09)--BillShrink, a free online service that gives personalized money-saving recommendations to consumers to help them shrink their expenses, now includes a search service that recommends financial institutions, including credit unions, so consumers can reach their savings goals. BillShrink aims to help consumers collectively find $1 billion in savings by the end of the year by “simplifying the complex pricing structures to show what the true cost of ownership means for their wallets,” the company said. Consumers can search for savings opportunities on credit cards and find financial institutions by entering their addresses or zip codes in search fields on the website, www.billshrink.com. They can select the types of financial institutions they want to be matched with--from credit unions to large banks. They also can search, based on the products they’re seeking--such as share certificates or savings accounts. BillShrink tracks interest rates on accounts and share certificates. It also maps out ATMs that are close to consumer’s home or work to help them avoid surcharges, the company said in a release. Several credit unions and organizations offer search tools to match consumers with local credit unions and ATMs. The Credit Union National Association offers a credit union locator (use the link), and CO-OP Financial Services offers an ATM locator so credit union members can find surcharge-free ATMs. The CO-OP network provides access to more than 28,000 surcharge-free ATMs nationwide.
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