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Online Account Opening, Deposit Auction Services Ally

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October 27, 2008 • Reprints

PROVIDENCE, R.I. -- Online account opening specialist Andera said it has partnered with a CD and high-yield savings account online auction.

Recently launched MoneyAisle (www.moneyaisle.com) of Burlington, Mass., allows consumers to seek bids for CDs and high-yield savings accounts from participating banks, currently about 100 of them.

Combining the companies' offerings allows MoneyAisle users to instantly open and fund a new account with the winning financial institution.

Providence-based Andera (www.andera.com) provides account opening and funding solutions to 233 financial institutions, about half of them credit unions.

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