MoneyRates Blog
Online Auctions Still Lagging on Rates
By MoneyRates team | Money-Rates Columnist
Moneyaisle.com and Zionsdirect.com are two online CD auctions where visitors can compete in a bidding process to find rates on CDs. A comparision made today on the two sites shows that the auction process (while very cool to watch) returns much lower rates than the rate aggregator sites:
5-year CD rates
5-year CDs on Moneyaisle.com ended up [...]
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New Bank Auction Site Launches
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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