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When you buy a cell phone, one of the things to look for is the true cost of ownership.  Sure a phone costs only $99, but with its service plan is it cheaper than a $199 phone on another carrier?  That’s where BillShrink came in to help.  Now, BillShrink is opening its “BIllShrink Savings” service that will help you figure out other ways to save money.

Here’s how this works: you can find a bank that pays some actual interest.  Some banks can claim a high interest rate in the first couple of months, but the rate may lower over time.  BillShrink Savings combines interest rates and creates a profile to determine which place makes more money for you over a time period.  If you tell BillShrink how much money you will put in the account, you can further fill out the profile so BillShrink can find out which banks pay more with a minimum balance.  BillShrink Savings will tell you what combination of CDs and savings accounts can make you the most money.

Inputting your work address and company name also can shape the profile.  Certain benefits are given to certain businesses.  In an example where a person lived in California and worked for Google - BillShrink can give you information for credit unions that have particular qualifications.  These credit unions may pay more than a traditional bank. 

Additionally, BillShrink Savings takes ATM fees into account.  Where there is a fee at ATMs, fees are calculated over a time period and information on how much it will cost you to use a particular bank and ATM is available.  There is a Google Maps mash up that shows ATMs with fees.  Fee data are synthesized from a number of places included ATM databases and clearing houses.  Users cannot update the Google Map with new fee data yet. 

You can select what kind of bank you want - a small, medium, or large one.  You can also drill down using savings account features such as ATM access, bill pay, direct deposit, and more.

BillShrink users do not have to be concerned about bank sponsors buying placements.  No bank can change positioning in the system and all the calculations are available from the site directly to the user. 

This service requires a user to sign up, but there is a benefit.  Since rates change weekly, users are updated on changes to the rates so the you can make more money. 

Site: [BillShrink.com]