MoneyAisle CD Laddering: How It Works

May 4, 2009
By Kevin Cafferty

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Did you know that MoneyAisle offers an innovative CD Laddering function to its registered users?

If you're looking to spread your deposits across several FDIC-insured accounts while still maximizing the return on your investment, you owe it to yourself and your finances to check it out.

Here's how it works:

1. Once you've signed in, build your ladder by filling in deposit amounts for each CD duration you'd like to include in your ladder.

2. Decide how you want to spread your deposits - you can either use the current FDIC limit of $250,000 per account (set to expire on December 31, 2009 - although I hear rumors the government is looking to expand these limits), or the traditional FDIC limit of $100,000 per institution.

3. Watch the FDIC-Member banks in the MoneyAisle network bid live for the different "rungs" of your CD ladder.

4. Review your rates and accept your ladder - you can exclude a bank, remove a particular "rung" after the fact, or go with all the great rates offered through MoneyAisle's laddering system.