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New Bank Auction Site Launches

June 9, 2008
By MoneyRates team | Money-Rates Columnist

MoneyAisle is a new bank auction site which launched today. MoneyAisle allows consumers to place a deposit (either a savings account or a certificate of deposit) up for auction where the network of 70 MoneyAisle banks bid up the rate until one bank emerges as the winner. At that point the consumers can register with [...]

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About Richard Barrington

Richard Barrington, CFA, is the primary spokesperson and personal finance expert for MoneyRates. He is a 20-year veteran of the financial industry, including having served for over a dozen years as a member of the Executive Committee of Manning & Napier Advisors, Inc. Richard has written extensively on investment topics, including investments, money market accounts, Certificates of Deposit's and personal finance as it relates to retirement. Richard has been quoted by numerous media publications such as the New York Times, the Wall Street Journal, and Pensions & Investments magazine.

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