We’ve all heard about various programs where banks supposedly compete to get your business, but with MoneyAisle, you can actually watch the bidding process. I recently checked them out, comparing a 2 year, $10,000 CD rate from Bankrate.com to what the MoneyAisle bidders offered. The difference was staggering. Three banks on Bankrate.com in the state of Alabama had rates of 1.2 percent, 1.75 percent and 2.5 percent. Moneyaisle offered me a 3.98 percent rate. That’s a difference of between 37 and 70 percent.
If you’re looking to earn a few extra percentage points from FDIC insured banks, check out MoneyAisle and secure a great rate as you watch banks bid in live auctions for your business.