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Author Topic: Is anyone using Lending Club as a bank account now?

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Is anyone using Lending Club as a bank account now?
OP: 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.
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Is anyone using Lending Club as a bank account now?
#1: July 03, 2021, 08:17:08 AM
Not me
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Re: Is anyone using Lending Club as a bank account now?
#2: 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/
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