MoneyAisle.com Launches Real-Time Interest Rate Ticker for Bank CD and Savings
Auctions
Innovative Rate Ticker First of its Kind to be Released
BOSTON, July 14 /PRNewswire/ -- Consumers can now easily see savings account
and CD rates being offered across the country. A real-time rate ticker
showing interest rates for bank CDs and high-yield savings accounts is now
available for free at http://www.moneyaisle.com/cd-rate-ticker.aspx. The
rates shown are the winning APYs for certificates of deposit and high-yield
savings accounts from banks on the MoneyAisle network. MoneyAisle.com connects
consumers with CD and savings account rates by having banks compete in free,
on demand reverse auctions.
This ticker is the first of its kind to ever be released. Like its auctions,
MoneyAisle.com's ticker functions in real-time and those who view the Interest
Rate Ticker see the rates currently bid by banks in the MoneyAisle network.
Rates for the auctions run on MoneyAisle.com are shown, interspersed with
overnight rates. Information on the ticker shows whether the rate is for a CD
or a high-yield savings account, the dollar amount, and, for certificates of
deposit, the duration of the product. The state of residence for which the
auction was run is also visible.
Because current popular indices for bank rates rely on private polls of
financial institutions, the results serve as a trailing indicator for true
market rates and are subject to reporting error. The real-time, competitive
nature of the MoneyAisle network makes MoneyAisle's Interest Rate Ticker more
akin to rolling stock quotations featured on major media outlets and used by
top tier trading houses. MoneyAisle.com provides an embeddable version,
giving average consumers and financial Websites alike the ability to host this
information on their sites and blogs.
"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."
The Interest Rate Ticker could be of particular interest to fixed income
managers, who will be able to spot trends and variations in the market
instantly, giving them a competitive advantage.
Also available on MoneyAisle.com are free embeddable overnight rate tables.
These rate tables feature daily updated APYs for CDs and High-Yield Savings
accounts that consumers can easily add to their own Website. Three versions of
the Interest Rate Tables are available: "Most Popular Rates," "Expanded Rates"
and "Comprehensive Rates." MoneyAisle's free overnight rate tables are
available here: http://www.moneyaisle.com/freecontent/Default.aspx
About MoneyAisle(R)
MoneyAisle.com is the next-generation e-commerce auction marketplace that
provides consumers with great high-yield savings and CD rates while helping
banks efficiently attract new customers. MoneyAisle's methodology is simple:
banks competitively bid for every customer in live auctions. The company's
patent-pending technology creates a safe platform for consumers to secure
great deals on financial services and products. Unlike other online auction
marketplaces, MoneyAisle lifts the buyer's burden by providing free on-demand
live auctions which consumers can watch unfold in real time. All participating
banks are Members FDIC.
MoneyAisle.com is fully owned and operated by neoSaej Corp.
SOURCE MoneyAisle.com
Soh Won Cha for MoneyAisle.com, +1-212-420-8383, x105, swcha@plesser.com
