PC World Community: Make Banks Compete for Your Deposits ...

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5 Replies Last post: Aug 18, 2008 8:40 PM by zeth006

PCWorld

35,855 posts since
Aug 1, 2007

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Jul 14, 2008 2:47 PM

Make Banks Compete for Your Deposits

Post your comments for Make Banks Compete for Your Deposits here

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k2rr

1 posts since
Jan 25, 2007

1. Jul 22, 2008 7:14 AM

in response to: PCWorld

Re: Make Banks Compete for Your Deposits

Something fishy here. Trying "test drive" requires confirming a string of letters, which when entered in their box are not accepted.

Not risking my money.

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JohnEB

6 posts since
Jun 12, 2007

2. Jul 22, 2008 3:00 PM

in response to: PCWorld

Re: Make Banks Compete for Your Deposits

Test drive worked OK for me; however,the rate offered is a loser. I got 4.00 at Wachovia this afternoon, the highest bid was 3.70 APY.

The bidders have to do much better!

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kcafferty

2 posts since
Jul 23, 2008

3. Jul 23, 2008 12:04 PM

in response to: k2rr

Re: Make Banks Compete for Your Deposits

Hi k2rr,

This string of letters you encountered is to ensure that the site is being used by human beings - it's called a "captcha" and it's a fairly common internet practice. Having said that, if the string of letters wound up not being easy to read you can refresh them to something more readable. (full disclosure: I work on MoneyAisle)

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kcafferty

2 posts since
Jul 23, 2008

4. Jul 23, 2008 12:10 PM

in response to: JohnEB

Re: Make Banks Compete for Your Deposits

Hi JohnEB,

Thanks for trying out MoneyAisle! As we've only just gone out into the world (we're only in our second month), we've noticed that for some deposits our rates are very high indeed and for some others you can still get rates that are a few basis points higher elsewhere. As we grow our network of banks we expect our rates to get higher still. Thanks again for visiting the site (which, if I may put my marketing cap on for a second, is free and only takes a couple of minutes to try.) The next time you're looking to invest in a CD or a high-yield savings account it may be worth your while to check us out again.

Kevin Cafferty

Senior Web Producer, neoSaej

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