Welcome, AARP Members

June 3, 2009
By Kevin Cafferty

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MONEYAISLE IS FREE

We've been getting a lot of visitors from two articles posted in the AARP Bulletin and on their Website - the more recent of the two is in the Personal Finance section of their site:

Seven Ways to Beat the Bank

Bank deregulation has produced a highly competitive environment with widely differing interest rates. If you can find a better deal than your present bank is offering, take it. A new website called MoneyAisle makes it easy to compare CD rates from scores of banks in an automated auction.

One user, Lynda G. from Massachusetts, spoke with us a bit about how MoneyAisle worked for her:

On how computer-literate she is:

"I am able to search the internet for personal and business reasons on a daily basis. I use Microsoft word and email. That's as savvy as I get!!"

Her thoughts on MoneyAisle:

"Extremely easy! I did a trial auction to see how it worked and then proceeded to look for the best rate for a 1 yr. CD."

Her thoughts on dealing with the winning bank to open her new account:

"The bank contacted me by email and I wired the funds from my savings acct. to them. They, in turn, emailed me the paperwork and it was done."

Thanks to Lynda for speaking with us about MoneyAisle - if you recently used MoneyAisle (whether you're visiting from the AARP or not) and would like to share your thoughts on the MoneyAisle experience (we'll only print your first name and state in the interest of consumer protection), we would love to hear from you. Just send an email to share@moneyaisle.com.