P2P Forum

Lending Club Discussion => General Lending Club Discussion => Topic started by: SeanMCA on July 02, 2021, 12:57:51 PM

Title: Is anyone using Lending Club as a bank account now?
Post by: SeanMCA on July 02, 2021, 12:57:51 PM

I have like a thousand bucks left in my Lending Club account and I see all the alerts from them to convert those funds into their "high yield" founders savings account at .75% APR. Such yield! But I am curious if anyone else is using Lending Club as a bank.

Title: Is anyone using Lending Club as a bank account now?
Post by: rawraw on July 03, 2021, 08:17:08 AM

Not me

Title: Re: Is anyone using Lending Club as a bank account now?
Post by: lascott on August 01, 2021, 01:17:51 PM

Our cash is in Ally which is only paying 0.50% but it is reliable, quick, and convenient.  They've improved their "bucket" management and flexibility since it has come out which is pretty handy for planning at a high-level. https://www.ally.com/do-it-right/banking/what-are-ally-banks-savings-buckets-and-boosters/