Running an Auction

Here's how it works:

Enter your terms
You enter your auction terms and state of residence.
Watch live bidding
In a couple of minutes our system completes a live auction with banks and credit unions.
Get a great rate!
We show you the winning bid and put you in contact with the winner.

Run a live auction!
Choose a product:

Pick Your Product

Select your financial product (Car Loan, CD, or High-Yield Savings) and your auction terms (if a deposit the amount of money you wish to invest and, if you're investing in a CD, the maturity duration. If a loan the amount of money and duration of the loan.)
Once the information is entered, click the "Start Auction!" button.

Watch Live Bidding

Within seconds, MoneyAisle generates a live auction among the participating banks and credit unions for your business.
MoneyAisle captures the best rate offered by these financial institutions and then repeats the process to see if any other participating banks or credit unions will beat it. Each auction round pushes the rate more in your favor.
This process is repeated as many times as necessary, until one financial institution is left. If two or more institutions tie for the winning bid, MoneyAisle will break the tie on a random basis. You are then shown the top bids for your deposit, along with information about the winners. The winning bids are the best rates available among the participants. 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 (or, in the case of car loans, lower) rate appear in real-time.

Get A Great Rate!

You are offered the best rates available on our platform at that moment for your Auto Loan, CD or High-Yield Savings account.
If you are satisfied with a 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 or credit union will contact you about opening your Auto Loan, CD, or High-Yield Savings account. If the winner supports online account opening, we will give you the option to go directly to their online platform.