1. A method for conducting a trusted deposit auction within at least one network connected to at least one depositor's computer, said method operating on a host computer, comprising the steps: A) receiving bid amount as a discount from principal from anonymous members of a trusted network wherein said members are depositors; B) selecting the winner from said bids submitted by depositors; C) excluding said winner-depositor from future auctions; D) depositing pooled funds for winner's account; E) repeating steps A, B, C, D at predetermined intervals with remaining depositors; and whereby funds comprising cash equivalent or cash.