Pick the bank CD institution ranked by highest yields
At moneyaisle you have free access to high rate CDs and High-Yield Savings accounts by having banks compete in live, real-time, instantaneous auctions, which are on demand, 24/7, for your business. Unlike seller-centric auctions, popularized by eBay, where many buyers compete for the seller's business, these auctions are buyer-centric - where many sellers compete for the buyer's action.
The philosophy is that the buyer's burden to get great rates should be lifted and transferred to the sellers in a manner that is both quick and easy for the consumer. This new kind of auction is completely transparent and free of advertising, and consequently completely independent of any advertiser influence.
The benefits to you are profound. The CD auctaion platform is completely free of advertising, and it creates a level playing field for all sellers, not just those who can afford increasingly expensive cost-per-click (CPC) online advertising rates, creating a greater pool of potential sellers to compete for your business and allowing those banks to pass along the money saved on advertising costs to consumers.
The inherent nature of competition within live auctions, coupled with the savings derived by minimizing the need for online CPC-based advertising, will give you, the consumer unprecedented access to great savings rate deals. Think of it as the reverse of eBay where banks bid for your business, rather than the other way around. Here the buyers (savers) win.
MoneyAisle is regarded as the next-generation online auction marketplace where savers and investors find great rates on Bank CDs and High-Yield Savings accounts, absolutely free. The methodology is simple: by having several banks actively bid against each other in live auctions for each individual consumer request, the customer always wins. The patent-pending technology creates a safe, transparent auction, providing consumers with free access to great deals in real time. The results are instantaneous; you are offered the best rate available on our platform in just a couple of minutes.
Consumer benefits:
Great rates on CDs and High-Yield Savings accounts secured through live auctions among network banks.
Consumers can start a live auction on demand, 24/7, and it's free.
Auctions start instantaneously, receive results in just a couple of minutes.
Transparent auction platform. Absolutely no advertising, keeping us completely independent of advertiser influence.
Safe and secure platform. Deposits are insured (subject to applicable FDIC limits.) All banks are Members FDIC.
MoneyAisle help banks cut costs, enabling them to pass the savings back to you.
Laddering CD's
A CD ladder involves taking a sum of money and investing it in various CDs with different maturity dates to produce a predictable cash flow. Once one CD matures the principal is reinvested - at the account holder's discretion - and the ladder continues. What makes CD laddering attractive is that it takes away the anxiety of having to choose which maturity you want for you CD or other time deposit. If you choose a CD that is very short in maturity and rates go down, you will be reinvesting your money when it comes due at lower rates, and that cuts into your income. If you choose a deposit instrument maturity that is too long, and interest rates later go up, you will be missing out on the current high rates because your money is tied up for a long period of time. By the time you get your money back, the rates may have changed again. When get involved in a program of laddering your deposit accounts you are protected because you are spreading several accounts across many maturities, some short, some long. In this way you get the benefit of both worlds.
Getting Around FDIC Limits
Another benefit of CD laddering is that it gives you the ability to spread your money across several different banks, limiting the deposit amount per bank, and that causes you to have all your deposits under FDIC insurance. As you know, the FDIC insurance applies to deposit accounts up to a certain limit. When you have more than one bank there is in theory no limit to how much you can have under FDIC protection.
How CD Laddering Works
You can currently deposit up to $500,000 per ladder, spread across multiple durations. If you want a 3-month CD and a 60-Month CD you can do that, or you can, for example, run an 18-month CD, a 9-month CD, and a 3-month CD. Just make sure you've filled in a Deposit Amount for each account you would like included in the Ladder before running the Ladder auction.
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About The Author:
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MoneyAisle offers great CD &
savings rates from FDIC insured banks - CLICK HERE NOW for a great deal.
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This article was written by J. Mark Soveign who writes for Wertheim Communications LLC as well as Mooker.Com Did you like this story? If so, vote for it on your favorite social bookmark site: |
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