Live Oak Bank Savings Acct Increase

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tomd37
Posts: 3898
Joined: Thu Mar 01, 2007 10:39 pm
Location: Middle Tennessee

Live Oak Bank Savings Acct Increase

Post by tomd37 »

Last night online bank Live Oak Bank increased their savings rate from 1.40% to 1.75% APY. Their 12-month CD rate is currently 2.50% APY, having increased not too long ago. :D
Tom D.
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David Jay
Posts: 12880
Joined: Mon Mar 30, 2015 5:54 am
Location: Michigan

Re: Live Oak Bank Savings Acct Increase

Post by David Jay »

Interest rates are going up!

VMFXX (Vanguard settlement account) is paying over 2%, no minimum. Direct ACH to our Credit Union checking account when needed.
It's not an engineering problem - Hersh Shefrin | To get the "risk premium", you really do have to take the risk - nisiprius
Ron Ronnerson
Posts: 2850
Joined: Sat Oct 26, 2013 6:53 pm
Location: Bay Area

Re: Live Oak Bank Savings Acct Increase

Post by Ron Ronnerson »

North American Savings Bank appears to be offering 2.53% on their Premium Rate Savings Account. Minimum of $25k required to open.

https://www.nasb.com/banking/resources

I don’t know much about this bank but the rate seems competitive.
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