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If you are in the market for a new CD or high yield account and want to make sure you get the best rate on the market, MoneyAisle is the place to go. Simply go to MoneyAisle, register yourself, and then choose which type of account you’d like to open up and what area of the United States you are in. Click “Start” and a live auction begins, where all participating banks bid on having you as their next customer. After a couple of minutes MoneyAisle check for the best bid and then contacts all of the other bidding banks to see if they’d like to improve their initial bid. Finally, after just a couple of minutes you receive the best bid and can choose whether to accept it or not.
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| In their own words | |||
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“Banks bid in live auctions for your business. It's free, safe and easy. Auctions on demand, 24/7. Watch banks bid in real-time. Results in a couple of minutes. No advertisers: fair for everyone.”
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| Why it might be a killer | |||
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People will like the fact that there is never any pressure put on them to buy or make a decision. Even after the auction is finished, they still have the option to accept or decline.
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| Some questions | |||
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Will banks be willing to waste time bidding? This could end up being a problem if MoneyAisle users don’t elect to choose any bank after the bidding is over.
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| Category: Web App-Tools | tags:
bank auctions best interest auctions best rate bids moneyaisle
