BANKDIRECT RECEIVES BANKRATE.COM TOP TIER AWARD FOR SECOND
QUARTER
DALLAS (August 7, 2000) - BankDirect, one of the nation's fastest growing online
banks (www.bankdirect.com), today announced it has received a Top Tier award
from bankrate.com for the second quarter of 2000. Bankrate.com is the flagship
site of ilife.com (NASDAQ: ILIF), a leading source of independent and objective
information for consumers about bank and credit products.
The bankrate.com Top Tier award assists individual consumers in identifying
those institutions that consistently offer high yields on their FDIC-insured
deposit products. BankDirect was awarded for consistently offering annual
percentage yields that were among the highest reported for the second quarter
in bankrate.com's 100 Highest Yields category. BankDirect achieved a top
ranking in the category of 6-Month Certificate of Deposit. This is BankDirect's
second consecutive Top Tier award.
"We are always striving to provide our customers with the best banking options
available on the market," said Scott Prince, president of BankDirect.
"BankDirect will continue to be a place where customers can reap the benefits
of a new kind of banking. By basing our business solely on the Internet, we are
able to keep operational costs down and pass this savings along to our
customers."
"By checking to see if the institution has received Top Tier recognition prior
to investing in an online money market or CD account, consumers can easily
decide where to invest for the longest-term high-yield results," said Karen
Christie, vice president of research for bankrate.com.
About BankDirect
BankDirect is the online bank for tech savvy, time challenged and value
conscious customers who want a financial service provider that is as fast,
flexible and focused on bottom-line value as they are. Launched in May 1999,
the company is leveraging the power of the Internet to provide convenient,
competitive banking products and responsive service. BankDirect empowers its
customers with a wide array of financial products and services that fit their
needs, including no-fee, high interest checking, money market accounts and CDs,
and free bill-pay service. In addition, BankDirect has partnered with American
Airlines to become the first Internet-based bank to offer mileage opportunities
to AAdvantage members. BankDirect is the national Internet banking division of
Texas Capital Bank, Member FDIC. Texas Capital Bank is privately owned and
operated by the holding company, Texas Capital Bancshares, Inc. For more
information, visit the company at
www.bankdirect.com.
About ilife.com
Based in North Palm Beach, Fla., ilife.com (NASDAQ: ILIF) is an industry leader
in providing and syndicating personal finance infrastructure for the online
consumer public through a broad portfolio of demographically targeted Web
sites, print publications and broadcast segments. The company's leading
personal finance site, bankrate.com, features original content that deals with
financial planning, taxes, insurance, investing and banking. Our gateway site,
www.ilife.com serves as an introduction to ilife.com's family of Web sites,
including the award-winning bankrate.com, Pivot.com (insurance e-commerce -
www.pivot.com), theWhiz.com (planning content - www.thewhiz.com),
IntelligentTaxes.com (tax planning - www.intelligenttaxes.com), Consejero.com,
(Spanish-language personal finance -
www.consejero.com) CPNet.com (college lifestyle - www.cpnet.com) and
GreenMagazine.com (investing - www.greenmagazine.com). Content from ilife.com
is published on co-branded Internet sites through more than 120 distributors,
including Snap (NASDAQ: NBCI), Yahoo! (NASDAQ: YHOO), America Online (NYSE:
AOL), CNN and Smart Money. The company's original research is also distributed
through more than 120 national and state publications. Ilife.com sites have
approximately one million unique visitors per month, according to Media Metrix.
Contact Information:
Rose Hultgren
BankDirect
214-932-6690