CD Rates at MoneyAisle – How Does It Work?

If you are looking for the highest yield on Certificates of Deposit (CD’s), you may have heard about a new service called MoneyAisle. MoneyAisle is an online auction marketplace where banks actively bid against each other in live auctions on Bank CDs and High-Yield Savings accounts.

MoneyAisle creates a safe, transparent auction, providing consumers with free access to great deals in real time.

MoneyAisle differs from other online auction sites by providing buyer-centric auctions to consumers. In addition, MoneyAisle does not accept any advertising.

Does MoneyAisle deliver higher yields on Certificates of Deposit or Money Market Accounts?

The short answer is: Yes, but you need to be ready.

The results we got on MoneyAisle definitely got us a higher APY on CD rates – seemed like the bank we were matched with offered the 4 year maturity rate on a 1 year note. But once you get the result you have 30 minutes to lock in your rate, and you only get one offer. So using MoneyAisle and the CD Rate tables on RateNerd.com would be a perfect combination.

MoneyAisle is free – so it makes sense to give it a spin. Visit MoneyAisle.com