Find a Better Price on Banks
Tuesday, September 30th, 2008
Let’s say you need to buy a CD from a bank. Did you know the interest rate can vary up to two percentage points? I didn’t. I thought they were commodities that were pretty much the same price at every bank. I learned that by visiting MoneyAisle.com and talking with Mukesh Chatter, CEO of neoSAEJ, who showed me how his system pits 85 to 100 banks against each other in a reverse auction, I get the best return out there. Now THIS is banking done right!
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subject gives more to the post and it would make it easier to find post that relate to what you are looking for and the comments about what you are looking for.
subject gives more to the post and it would make it easier to find post that relate to what you are looking for and the comments about what you are looking for.
subject gives more to the post and it would make it easier to find post that relate to what you are looking for and the comments about what you are looking for.
This is a great tool esp. with what the economy is turning into now.
Thanks
is it possible to make a comment plugin that can have in wordpress that instead of subscribing to a post comment it gives the option to post it to your twitter account. but not all comments just the ones you make on that blog. I have notice that not just a post has valid information but comments on a subject gives more to the post and it would make it easier to find post that relate to what you are looking for and the comments about what you are looking for.
This is a great tool esp. with what the economy is turning into now.
Great product, empowering the customer is always good. However, Mukesh's answer to Scoble's question at 1:53 about there being no difference between one bank's CD compared to another is incorrect. Smaller, riskier banks must offer higher rates as incentive for clients to invest with them. Simple finance - w/ higher returns comes higher risk - there is a much greater chance of a small bank going under than a large one. Yes, deposits up to $100,000 are insured by the gov't but some folks invest more than that and very few folks want to go through that process of attempting to recover their cash
With the financial turmoil, it might be better to take the safe bet and use services like MoneyAisle verse putting money in the volitile stock market.
In Taiwan, CD rates or saving account rates are always different between banks. Banks often have TV commercials advertising their best rates. It is unthinkable that CDs have same rate at all.
One could easily get on a university bulletin board system in Taiwan and find the best rate within Taiwan's banks.
If, at moneyaisle, banks do not bid with better rates than their already advertised rates, is there any point using the system.
This was a great interview. Very timely content.