Comments on: MoneyAisle – Banks Bid for Your Money

By: Ryan

Ryan — Thu, 01 Apr 2010 22:37:07 +0000

Internet banking is safe – just make sure you join a bank that is FDIC insured. Here are some of the top online banks: Best Online High Yield Savings Accounts. You should be able to find one in that list that meets your needs.

best of luck!

By: Mary

Mary — Thu, 01 Apr 2010 19:24:52 +0000

Are internet banking safe enough to invest my money? such as Ally Bank, Aurora Bank? I’m a bit scared though?

By: Bankman

Bankman — Tue, 03 Feb 2009 14:24:12 +0000

MoneyAisle.com is on the right track – there are hundreds of regional banks that haven’t been damaged by the subprime crisis and bringing them new customers (and giving customers access to other banks) is a great idea. This kind of competition in the marketplace can only be a good thing for customers!

By: Dan

Dan — Wed, 31 Dec 2008 12:31:20 +0000

Cool site. I’ve actually done some research on moneyaisle.com on my site as well. Honestly, I think their rates aren’t anything special right now but they have the wheels in motion to capture a large chunk of the online banking industry’s market (ie bankrate). As soon as more banks partner with them the overall competition will shoot up. Banks in desperate need of capital (ie WAMU of 4 monthes ago) will be competing against each other delivering those 4.5-5.5 percent cd ranges we were once seeing.

sub note: Fed lowering rates to a whacked out 0.25-0.5% range isn’t helping the cause. IMO

By: Erik

Erik — Tue, 23 Dec 2008 19:33:35 +0000

With community banks paying up to 6% interest while most major banks are paying nothing it’s really not surprising to see community banks emerge as the safer, preferred investment channel. Look into Checking Finder (https://www.checkingfinder.com/). This search tool will find community banks in your area paying up to 6% reward checking. Just type in your zip code.

By: Bill M.

Bill M. — Sat, 13 Dec 2008 04:41:30 +0000

I usually do not like CDs. Usually the rates do not follow inflation. You are better off getting Treasury bills which is guaranteed and most places free from taxes. usually a 1-2% premium over the posted rates.

By: Ryan

Ryan — Fri, 12 Dec 2008 19:06:39 +0000

PGW: Thanks for your comment. I agree, we will probably see some massive inflation when the economy begins its recovery, and higher interest rates are likely to follow. But, CDs are a part of many financial plans because they are guaratneed and provide a stabilizing action in their investment portfolio.

I have a few CDs as well, each of which is at roughly 5%. While that isn’t going to make me rich, and may barely keep pace with inflation over the duration of the CD, it will not lose principle. When the CDs mature I will make the decision of whether or not to put them into another CD, or invest them elsewhere.

By: PGW

PGW — Fri, 12 Dec 2008 18:59:55 +0000

A 5-year CD?!? I would never put my money in a CD for that many years. With our volatile market, which experts say could start heading back up in 2009/10, one’s money would be locked up in what could be a low interest rate.

I actually have a 5% CD from Washington Mutual (yes, it is guaranteed). They were offering these rates right before they got acquired…they were desperate for customers/money.