Looking to find a great rate on a certificate of deposit (CD), money market or savings account. There is a very interesting service we found called MoneyAisle.com. They essentially auction your money to the bank that bids the highest rate for your account.
It’s a free service that lets you know the bank with the best offer in just a couple of minutes. They only work with FDIC insured banks. They even have a test drive so you can first see how it really works without fully registering. If you register and run an auction, but don’t want to open an account, there is no obligation to accept the winning bid. It only takes a few minutes and doesn’t cost anything, so it’s definitely worth a try to see if you can get a better rate on your deposits.
Let us know how it goes and what types of rates you are seeing.
