Savings Account Interest Rates

If your savings account is currently getting a low interest rate, there are a number of steps to increase the return on your deposit. One way to maximize the return you get on your savings is by investing in a High-Yield Savings account, one where the interest rate is higher than what was traditionally offered by banking institutions.
Read more below.

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Online banks, in an effort to attract new customers, have begun offering great savings account interest rates. MoneyAisle, the next-generation online auction site, offers an exciting and innovative way to get an amazing interest rate on your savings account by having banks compete against each other in free, live auctions for your business. The winning bank gets the benefit of having you as a customer, and you have the benefit of getting a great interest rate on your savings account.

How Does It Work?

To make things as easy as possible for consumers, MoneyAisle auctions are available online, 24/7: just enter the amount of money you wish to deposit into your savings account and your state of residence and start the auction. You'll get to see the action unfold in just a couple of minutes, as interest rates are bid at a rapid pace. The interest rate rises as the auction progresses and you wind up with an amazing rate on your High-Yield Savings account. To run an auction for yourself, all you need to do is register for an account, or try out a test-drive (no registration required) to see how easy the process is and how great the interest rates are.

Once you've registered and run an auction to see what the winning savings account interest rate is (offered in the form of an Annual Percentage Yield, or APY), you can then accept the auction and open your account with the winning bank, or decline the auction - there are no catches and no fees. MoneyAisle also offers great rates on Certificates of Deposit.

MoneyAisle - when sellers bid, buyers win.