Live Oak Bank still competing with the big boys

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Austintatious
Posts: 800
Joined: Thu Sep 13, 2012 7:01 pm

Live Oak Bank still competing with the big boys

Post by Austintatious » Wed Jul 04, 2018 10:06 am

Live Oak Bank is again offering some very competitive rates on direct CDs, especially for its shorter term certificates. These rates would make a very nice two tier, short term ladder, while waiting for those interest rates to explode as we're so sure they will.

6 MONTH CERTIFICATE OF DEPOSIT
Interest Rate 1.98%
APY 2.00%

1 YEAR CERTIFICATE OF DEPOSIT
Interest Rate 2.47%
APY 2.50%

for the complete CD rate schedule, go to:

https://www.liveoakbank.com/personal-ba ... rsonal-cd/

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Oak&Elm
Posts: 325
Joined: Wed Mar 18, 2015 7:50 pm
Location: Undisclosed Lake, MN

Re: Live Oak Bank still competing with the big boys

Post by Oak&Elm » Wed Jul 04, 2018 10:20 am

I’ll take a bite of that 1 year cd for 2.5%, I have had an account with Live Oak Bank for about 6 months, no complaints whatsoever

Austintatious
Posts: 800
Joined: Thu Sep 13, 2012 7:01 pm

Re: Live Oak Bank still competing with the big boys

Post by Austintatious » Wed Jul 04, 2018 10:35 am

Unfortunately, looking at their web site, it appears that they aren't offering IRA options. If so, they're sure cutting out a lot of potential investors. I really don't understand that one.

Money Market
Posts: 91
Joined: Thu Mar 16, 2017 10:36 am

Re: Live Oak Bank still competing with the big boys

Post by Money Market » Wed Jul 04, 2018 1:05 pm

You can buy brokered CDs for better rates. e.g., a 3% (after commission) for a 3 year CD.

douginct
Posts: 36
Joined: Wed Jun 18, 2014 2:15 pm
Location: CT

Re: Live Oak Bank still competing with the big boys

Post by douginct » Wed Jul 04, 2018 5:37 pm

Money Market wrote:
Wed Jul 04, 2018 1:05 pm
You can buy brokered CDs for better rates. e.g., a 3% (after commission) for a 3 year CD.
How is 3% for 3 years a better choice than 2.5% for one year in a rising rate environment? Personally, I’d go with the one year cd.

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