Here’s how it works:

  • PICK YOUR PRODUCTYou enter your deposit terms and state of residence.
  • BANKS BID LIVEIn a couple of minutes our system completes a live auction with Member FDIC banks.
  • GET A GREAT RATE!We show you the winning bid and put you in contact with the bank.
  • Test-drive now! Choose a product:

All MoneyAisle banks are Members FDIC and are pre-screened using independent ratingsWatch a demo.

Read a little more detail:

1. Pick Your Product
2. Banks Bid Live
3. Get A Great Rate!
Next Steps: Opening Your New Account
Advanced Features for Registered Users

  • Select your financial product (CD or High-Yield Savings), the amount of money you wish to invest and, if you’re investing in a CD, the maturity duration.
  • Once the information is entered, click the “Start Auction!” button.
  • Within seconds, MoneyAisle generates a live auction among the participating banks for your business.
  • MoneyAisle captures the highest rate offered by these banks and then repeats the process to see if any other participating banks will beat it. Each auction round pushes the rate higher.
  • This process is repeated as many times as necessary until one bank is left. If two or more banks tie for the winning bid, MoneyAisle will break the tie on a random basis. The winning bank’s rate is the highest rate offered during your auction. The entire live process typically takes only a couple of minutes.
  • You watch the auction live and see the number of rounds, the number of bids and the increasingly higher rate appear in real-time.
  • You get the highest rate available on our platform at that moment for your CD or High-Yield Savings account.
  • If you are satisfied with the rate and wish to complete the transaction, provide your contact information and accept the rate. If you received the rate by running a Test-Drive auction, you can register for an account to accept the rate.
  • Once you’ve entered your contact information, a representative from the winning bank will contact you about opening your CD or High-Yield Savings account. If the bank supports online account opening, we will give you the option to go directly to their online platform.
  • CD Laddering: Run multiple CD auctions at once and split CDs across several FDIC-Member banks. Build a savings portfolio instantly! Click here to learn more.
  • Compare Rates: Compare rates for different deposit amounts in the same session. For CDs, compare rates for different durations. Click here to learn more.
  • Exclude Banks: Remove individual banks (up to 10) from your auctions. Click here to learn more.