Recent News Coverage
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The Wall Street Journal, Mary Pilon, February 12, 2010
With MoneyAisle.com, consumers enter their savings goals and the site holds an “auction” among 130 participating banks to find the best cocktail of CDs and savings accounts.
Reader's Digest, Janice Lieberman, August 2009
FDIC-insured banks bid in live auctions to give consumers the highest interest rate on savings accounts and CDs.
O: The Oprah Magazine, August 2009
During real-time auctions, scores of banks compete for your CD or high-yield savings accounts, which can drive up the annual percentage yields to twice their national averages.
The Boston Globe, Todd Wallack, August 2, 2009
MoneyAisle.com lets you “auction’’ off your business to the bank willing to pay the highest rate.
Sarasota Herald-Tribune, Humberto Cruz, July 18, 2009
Also highly useful for savers is www.MoneyAisle.com, another free, automated site where more than 100 federally insured banks compete for your money.
AARP Bulletin, Michelle Diament, May 1, 2009
Looking to stash your cash in a bank that offers the highest interest rate? At MoneyAisle.com, banks bid against one another to offer the best rate on savings accounts or certificates of deposit.
The Wall Street Journal, Donna Kardos, April 22, 2009
As the stock market continues to be roiled by volatility, investors are increasingly turning to an old-fashioned, surefire way to make their money grow, but with a modern twist - certificates of deposit that are auctioned off online.
Reuters, Linda Stern, April 8, 2009
Want the best bank certificate of deposit? One new site, MoneyAisle (http://www.moneyaisle.com) does reverse auctions for bank CDs.
USA Today, Sandra Block, March 24, 2009
This new online service allows small and midsize banks to compete for your business through Internet auctions. To get bids, enter the amount you want to deposit, the term of the CD you'd like to buy, and your state of residence. MoneyAisle also allows you to solicit bids for high-yield savings accounts.
NBC-13 Birmingham, Demarco Morgan, March 23, 2009
MoneyAisle.com is a reverse auction site where you put in how much money you have and how long you want to invest it although these aren’t investments like an IRA of a 401K and then it will churn out the best rates for you.
NBC-5 Colorado, Jamie Smith, March 23, 2009
If you're one of the many people who may have dipped into their savings accounts lately just to get by, there are ways to replenish the coffers.
NBC New York, March 17, 2009
If you've lost your job or maybe just a chunk of your 401k, here are some helpful tips if you're looking to get back into making your money work for you.
Smart Money, Janet Paskin, March 12, 2009
At MoneyAisle.com, banks bid for customers' accounts.
ABC8 Maine, Keith Baldi, March 9, 2009
The Internet can help uncover high-yield accounts with customer-friendly tools that have just hit the Web. Web sites like MoneyAisle.com presents banks that make customers an offer.
CBS4 Boston, Paula Ebben, March 3, 2009
As more of us worry about our economic security, we are once again becoming a nation of savers.
CBS Sacramento, Dave Bender, February 26, 2009
With Wall Street suffering more down days than up lately people are looking for safer ways to invest.
CBS2 Los Angeles, Serene Branson, February 26, 2009
Investors looking for a safe place to stash their cash are flocking to MoneyAisle.com.
CBS11 Dallas, February 26, 2009
Businessman Marty Leamy wanted to put %5,000 into CD, but said he couldn't find a rate that 'hooked' him. That all changed when he checked out moneyaisle.com.
CBS2 Chicago, Rob Johnson, February 25, 2009
In these tough times, more people are trying to spend less and save more. There's an easy way to make sure your investment also stretches your dollar.
The New York Times, Ron Lieber, February 20, 2009
There are plenty of places to shop for the best C.D. rates. MoneyAisle allows banks to compete for your business in an auction on the Web.
Netbanker, Jim Bruene, February 11, 2009
CD laddering is a great way to increase yield without sacrificing liquidity. Sophisticated savers have used the strategy, often at the suggestion of personal or private bankers. It's not rocket science, but it takes a bit more planning.
Finextra, February 9, 2009
Launched in June 2008, MoneyAisle is a free, fully-automated reverse online auction site where banks competitively bid against each other for customers through secure live auctions.
Metro, Heidi Patalano, February 9, 2009
If there’s one message Americans have been getting about the financial system in these last few months, it’s that it doesn’t always work for those it’s supposed to help. Mukesh Chatter, founder of Moneyaisle.com, is trying to turn that trend around — or at least chip away at it — by putting consumers back in the driver’s seat.
Boston Globe, Jenn Abelson, February 8, 2009
You're so worth it, banks are willing to bid for your business. At MoneyAisle.com, customers select whether they want a CD or high-yield savings, the amount they wish to invest, and if it's a CD, the maturity date.
CNN Headline News, Clark Howard, February 7, 2009
HLN money expert Clark Howard wants you to check out a unique way to get the best deal on your savings.
Mary Pilon, "The Wallet", The Wall Street Journal, February 5, 2009
With MoneyAisle, you input how much cash you want to save, how long you plan to put it away and which state you live in. Out pop the highest interest rates from financial institutions that want your deposits. Clicking on any of the links takes you to the bank’s site and, shazam!, you have a higher interest rate on your FDIC-insured money.
Alexis Leondis, Bloomberg, February 4, 2009
Another way for consumers to find higher-yielding accounts is to visit http://www.moneyaisle.com, a Web site that auctions investors’ money to the FDIC-insured bank that provides the highest rate.
Liz Pulliam Weston, MSN, January 8, 2009
Banks really, really, really want your money. And that's good news for savers in an otherwise dismal interest-rate environment.
The Wall Street Journal, December 31, 2008
Auction your cash to the highest bidder. At MoneyAisle.com, more than 100 small and midsize banks compete for consumer deposits through live auctions.
ABC 9 Kansas City, November 25, 2008
There's a new place to invest your money. It's an online auction site called MoneyAisle.com.
Kori Chambers, FOX News Chicago, November 12, 2008
In these lean times, every penny counts. That’s why it's important to reconsider what bank is doing your business. Instead of spending hours trying to find a better rate, why not let the banks bid for your account? Kori Chambers shows us how.
Robin Thibault, NBC KARK 4 NEWS, November 6, 2008
Sticking to a budget's easier than ever -- thanks to the internet.
Bill O'Neil, NBC WXII12 News, October 30, 2008
It's an on-line auction site similar to lending tree, but instead of bidding for your mortgage, banks compete for your money.
Lynda Baquero, NBC 5 Seattle, October 30, 2008
Some free Web sites can help you manage your spending and savings money. NBC's Lynda Baquero offers these sites to get started.
Smart Money, Kelli B. Grant, October 15, 2008
MoneyAisle was featured as one of the "Sites That Help with Everyday Budgeting" by Smart Money magazine.
Fox Business Channel, October 1, 2008
Banks are now able to bid for your money through MoneyAisle.com.
CNBC, Carmen Wong Ulrich, September 30, 2008
A new web site called MoneyAisle.com has signed up more than 100 small and mid-sized banks from all over the country, eager to build their customer base – and you watch as they bid to offer you the best rate.
Fast Company TV, Robert Scoble, September 30, 2008
Blogger Robert Scoble spoke with MoneyAisle CEO Mukesh Chatter. Check out the video.
The New York Times, Anne Eisenberg, September 27, 2008
A new Web site hopes to bring competitive selling — and possible good deals for shoppers — to those looking to invest a nest egg in an account at an attractive rate.
FOX29 Philadelphia, Michelle Buckman, September 3, 2008
Banks are bidding for your business, and Fox 29's Michelle Buckman says that could mean better rates for you.
FOX59 Indianapolis, Dave Hosick, September 3, 2008
A new website puts your financial investments on the auction block as banks across the country can bid to serve you.
FOX5 Washington DC, Melanie Alnwick, August 29, 2008
Do you ever wonder how smaller banks are getting by and placing bids for your business these days? FOX 5 Money reporter Melanie Alnwick found out they're doing it by turning advertising budgets into better rates.
FOX4 Dallas, Steve Noviello, August 20, 2008
Banks that bid for your business? FOX 4's Steve Noviello says they're doing it by turning advertising budgets into better rates.
Market Edge Radio, Larry Weber, July 29, 2008
neoSaej president and CEO Mukesh Chatter discusses the future of ecommerce, as well as MoneyAisle: the next generation online auction marketplace where consumers find great rates on bank CDs and High-Yield Savings accounts.
NBC-16 Oregon, Donna Fox, July 28, 2008
MoneyAisle was featured on KMTR NewsSource 16, the NBC affiliate for Eugene, OR. Reporter Donna Fox presents the "Monday Money Minute" for July 28. Check out the video.
PC World, Denny Arar, July 14, 2008
In MoneyAisle's real-time auctions, banks bid up rates on certificates of deposit and savings accounts.
FOX25 Boston, Ted Daniel, July 14, 2008
A new company has found a way to stretch your money by finding better interest rates on your savings.
Mass High Tech: The Journal of New England Technology, July 14, 2008
Online investor auction house neoSaej Corp. has closed $7 million Series B round of funding to build up its MoneyAisle.com site, which it launched last month.
Houston Business Journal, July 14, 2008
neoSaej Corp., a developer of online auction marketplaces, has received $7 million in funding, which it will use for product development.
Associated Press Video, Jon Belmont, July 2, 2008
MoneyAisle is a free new Web service that makes a bold claim: It says it will maximize the interest rates consumers can get on savings accounts, by running online auctions in which banks bid for consumers' business.
Charlotte Observer, Christina Rexrode, June 22, 2008
Many Web sites can help you look for good rates on investments, but MoneyAisle.com says it can do better.
PC World, Yardena Arar, June 9, 2008
New ad-free site runs automated auctions among banks to get you the best rates on savings accounts and certificates of deposit.
Computerworld, Linda Rosencrance, June 17, 2008
In one week, customers of MoneyAisle.com, a Web site where banks competitively bid for customers through secure, live auctions, have deposited more than $1 million in high-yield savings and certificate of deposit accounts at small and midsize banks.
Boston Globe, Carolyn Y. Johnson, June 9, 2008
In a twist on the Internet tools that help consumers find the cheapest airfares or the hottest deals on a flat-screen television, a new website called MoneyAisle.com turns banks into bidders as they compete in real time to offer customers the best rates on financial products.
New England Cable News, Peter Howe, June 9, 2008
NECN's Peter Howe interviewed MoneyAisle Chairman Ray Stata. Check out the video here.
XConomy, Wade Roush, June 9, 2008
The Web has brought comparison shopping to nearly every corner of commerce, including banking.
Mashable.com, Kristen Nicole, June 9, 2008
MoneyAisle’s service launches today, and its offering may be something that becomes more commonplace in the coming years.
Boston Herald, Jay Fitzgerald, June 9, 2008
Ray Stata and Mukesh Chatter are banking on online banking to be their next entrepreneurial hit.
Network World, Jon Brodkin, June 9, 2008
Sellers bid against each other for buyers in online auction launched by Mukesh Chatter, founder of Nexabit Networks.
E-Commerce Times, Keith Regan, June 9, 2008
MoneyAisle.com, which launches Monday, offers consumers the opportunity to shop around for bank deposit and loan offers. The site doesn't rely on advertising for revenue; instead it takes a fee when a bank completes a transaction.
Computerworld, Linda Rosencrance, June 9, 2008
In the MoneyAisle auction, sellers, not buyers, bid against each other.
Mass High Tech: The Journal of New England Technology, June 9, 2008
Startup e-commerce firm neoSaej Corp., founded earlier this year by a pair of hardware industry titans, reports it has launched MoneyAisle.com, an auction site for banks to bid on customers.
MIT Technology Review, Erica Naone, March/April 2008
neoSaej of Burlington, MA, has developed a novel online auction strategy that it says should produce better interest rates for bank depositors.