Occasionally on this blog, I want to inform those of you who are subscribed via RSS or checking us out for the first time about some of our particularly strong rates. Right now, MoneyAisle's 1-year (12 month) CD rates are particularly great.
Check them out for yourself: Try a live auction at MoneyAisle.com
Rates for all of our products are strong, but I thought it might be nice to lead some of you towards our strongest products to secure the best return on your investment through MoneyAisle. All accounts, as always, are FDIC-insured.
Thursday, July 30, 2009
1-Year CD Rates at MoneyAisle
Tuesday, July 28, 2009
MoneyAisle in the News: Reader's Digest
More great news coverage of MoneyAisle to share with you all:
The August issue of "Reader's Digest" (they have the third-highest circulation in the United States, after the two AARP publications - which also recently featured MoneyAisle) features a nice mention of MoneyAisle.com.
Sites for Savings
moneyaisle.com: FDIC-insured banks bid in live auctions to give consumers the highest interest rate on savings accounts and CDs.
Remember, to keep up to date on the latest MoneyAisle news, you can also follow me on twitter.
Thursday, July 23, 2009
MoneyAisle in the News: The Herald-Tribune
Personal Finance columnist Humberto Cruz gave MoneyAisle a glowing review in his financial column in the Sarasota Herald-Tribune - the article was syndicated to 45 other media outlets, including the Salt Lake Tribune, Kansas City, Baltimore Sun, and the Chicago Tribune.
... highly useful for savers is www.MoneyAisle.com, another free, automated site where more than 100 federally insured banks compete for your money. You enter the amount you have available for a certificate of deposit or high-yield savings account, and participating banks bid against one another by trying to offer the highest interest rate. You are not obligated to accept any bid.
These "auctions" are available on demand, 24/7, as technology allows banks to bid on your money through an automated process. I have not bought CDs or opened savings accounts through MoneyAisle (I'm not in the market for these products now) but have found attractive, above-average rates.
Friday, July 17, 2009
MoneyAisle in the News: 'O: The Oprah Magazine'
More great news coverage for MoneyAisle - fresh on the heels of our release of the Interest Rate Ticker - we're featured in the new issue (August 2009) of "O: The Oprah Magazine"! It's the issue with Oprah Winfrey on the cover.
If you have only… 5 minutes: Let banks bid for your business on moneyaisle.com. During real-time auctions, scores of banks compete for your CD or high-yield savings accounts, which can drive up the annual percentage yields to twice their national averages.
Tuesday, July 14, 2009
The MoneyAisle Interest Rate Ticker
Get ready for the latest first-of-its-kind product from MoneyAisle. After pioneering on-demand reverse auctions for CD Rates and High-Yield Savings accounts, we're proud to show off our newest baby - the MoneyAisle Live CD & Savings Interest Rate ticker.
The cool thing - you can put the MoneyAisle Ticker (showing real-time rates for CDs and savings accounts won through MoneyAisle auctions) on your own site or blog, for free. To find out more, click here: MoneyAisle Interest Rate Ticker.
Our CEO and President, Mukesh Chatter, had this to say in a press release that is being disseminated around the country right now:
"This is a groundbreaking product," says Mukesh Chatter, CEO of MoneyAisle.com. "As CDs and High-Yield Savings accounts have become a part of standard asset allocation in the fixed income category, the Interest Rate Ticker can provide valuable information about short and long-term interest rate trends."
You can read the rest of our press release on the Interest Rate Ticker here.
Monday, July 6, 2009
Savings in the News: July 6, 2009
I hope everyone had a great Independence Day weekend. Now that most of us are back to work, we're also back to thinking about savings. Here are some articles about savings accounts that caught my eye recently.
The Charlotte Observer has an article about different savings plans in light of recent economic difficulties. One person profiled discussed using gold coins to pay off his credit cards!
Construction worker Tony Anthony, 54, saves when he can but says he doesn't do it systematically. He has a 401(k), but mainly deposits money into a savings account so he can reach it if he needs it in a couple months. For instant access to cash? Anthony gets 10 one-dollar gold coins out of the bank each month and puts them in an 18-inch copper piggy bank. That's come in handy when he needs to pay off credit card debt immediately.
“I recently paid the credit card company $1,265 with the gold coins,” he said.
Meanwhile, the Four Pillars blog has an article on the benefits of an online high-yield savings account (such as the ones you can acquire through MoneyAisle):
One of the times in your life when you might have a lot of cash is when you are saving up a down payment for a house. Sums like $10,000, $25,000, $50,000 are not unreasonable for someone who has been saving for a while. In this scenario we have savings of $35,000 and we are going to buy a house in exactly 1 year. Should you be happy with getting 1.0% from your bank or should you shop around for a higher rate of around 2%?
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