When You Compare Bank CD Rates

If you try to compare bank CD rates at many of the aggregation Websites you can find online, it's possible that you will find the best bank CD rate that is currently being offered by the listed banks, but you may not see the highest bank CD rate those participating institutions are willing to give consumers. Is there a way to get the best bank CD rate a bank is willing to give? MoneyAisle would like to introduce you to the concept of live auctions.
Read more below.

While many banks have a fixed CD rate for aggregators, at MoneyAisle those banks are encouraged to offer higher bank CD rates by bidding live in online auctions for your deposit. Compare the two systems for finding bank CD rates: a static bank CD rate listing, or active, real-time bidding between banks to get you a high bank CD rate.

Through having banks iteratively bid their best bank CD rates against each other, consumers ultimately win. The process couldn't be easier: consumers enter their terms for the bank CD, which is then sent out to our large network of banks.

Upon receiving this information, the banks in our network bid against each other to give you the best bank CD rate available within our system for your deposit at the time of the auction. To get started, just register for an account and run a live bank CD auction to see the rate! MoneyAisle auctions are free, and you have the option of declining the winning bid. If you'd like to compare the bank CD rates without registering, you have the option of running a test-drive auction, where live banks bid their actual CD rates, but you won't be able to accept the winning rate.

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