Here's how it works:

  • PICK YOUR PRODUCT

    You enter your deposit terms and state of residence.

  • BANKS BID LIVE

    In a couple of minutes our system completes a live auction with Member FDIC banks.

  • GET A GREAT RATE!

    We show you the winning bid and put you in contact with the bank.

  • Test-drive now! Choose a product:

     

  • Bank CDs High-Yield Savings

Read a little more detail:
    Pick Your Product
  • Select your financial product (CD or High-Yield Savings), the amount of money you wish to invest and, if you're investing in a CD, the maturity duration.
  • Once the information is entered, click the "Start Auction!" button.
    Banks Bid Live
  • Within seconds, MoneyAisle generates a live auction among the participating banks for your business.
  • MoneyAisle captures the highest rate offered by these banks and then repeats the process to see if any other participating banks will beat it. Each auction round pushes the rate higher.
  • This process is repeated as many times as necessary until one bank is left. If two or more banks tie for the winning bid, MoneyAisle will break the tie on a random basis. The winning bank's rate is the highest rate offered during your auction. The entire live process typically takes only a couple of minutes.
  • You watch the auction live and see the number of rounds, the number of bids and the increasingly higher rate appear in real-time.
    Get A Great Rate!
  • You get the highest rate available on our platform at that moment for your CD or High-Yield Savings account.
  • If you are satisfied with the rate and wish to complete the transaction, provide your contact information and accept the rate.
  • Once you’ve entered your contact information, a representative from the winning bank will contact you about opening your CD or High-Yield Savings account. If the bank supports online account opening, we will give you the option to go directly to their online platform.