Bank Interest Rates

Banks bid in live auctions for your deposits.

Finding the best interest rates on bank products always has a high priority for those who pay close attention to their finances. With new ways to help consumers find the best interest rates, it has become easier than ever.
Read more below.

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Recent National Live Auction CD Rates
for March 18, 2010

Term National Avg APY* Overnight
Auction APY†
High-Yield Savings Account Rates 0.20% 1.50%
3 Month CD Rates 0.29% 1.01%
9 Month CD Rates 0.69% 1.31%
1 Year CD Rates 0.69% 1.71%
2 Year CD Rates 1.16% 2.11%

More National CD Rates

Show me CD Rates offered to people from my state:
*

Source: TheStreet.com

†

Overnight Auction APY is a sample rate for a nightly auction for a $50,000 deposit.

Bank Interest Rates from the Blog

The Fed Says Low Rates Will Continue

March 16, 2010

The Federal Reserve left its key interest rate near 0% once again Tuesday and said rates should stay near that point for the foreseeable future.Fed policymakers... [more]

Will Interest Rates Rise in 2010?

January 5, 2010

Short answer: Not bloody likely.Long answer: As this article explains, part of the Fed's plan for rescuing the failing banks is keeping interest rates... [more]

Which Direction are Interest Rates Headed?

February 2, 2009

Recently we have seen rates on certificates of deposit, savings accounts and home loans go down. This is partly the result of the government trying to... [more]

A Glossary of Commonly Used Financial Terms (#2 in an Occasional Series)

July 7, 2008

With all the talk over the past few months about interest rate cuts, it’s a good time to discuss the many different terms associated with various rates... [more]

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  • The New York Times: Do I Hear 4%? On This Site, Banks Bid for Your Cash
  • CNN: Auction money for best rates
  • The Wall Street Journal: Want the Best CD Rates? Hold an Auction.
  • AARP Bulletin: Save a Buck: Find Highest Interest Rates Online
  • Safe CDs, checking accounts for investors scared of stocks
  • O: The Oprah Magazine
  • Boston Globe: Website lets banks bid for customers
  • CNBC: Banks Bid for Your Cash
  • MIT Technology Review
  • Money Magazine
  • Reader's Digest
  • FOX Business: Bidding for Your Money

Recent Awards: Finovate Best of Show and Online Banking Report Best of the Web

Before intense competition to give good interest rates took hold, many consumers earned low rates from their banks on their savings accounts. Some banks still offer these low rates.

Consumers, however, should not be content if their bank is offering low interest rates. With the advent of online banking, High-Yield Savings accounts, and increased competition, finding great interest rates is easier than ever.

One way increased competition has been spotlighted is through the live, on-demand auctions offered at MoneyAisle: it's pro-consumer capitalism in its purest form. Banks bid their best interest rates on products such as CDs and High-Yield Savings accounts for a consumer's deposit, and the consumer gets the best interest rates available in the MoneyAisle system at the time of the auction for their deposit. It's at no cost to the consumer, and it happens almost instantly. See it for yourself by registering or running a test-drive auction.

MoneyAisle - when sellers bid, buyers win.

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