I know there have been a ton of discussions about high-yield savings accounts on this sub, but several banks just upped their interest rate so I think it warrants another look. Plus, I haven't found anything about Live Oak Bank on this sub and could use some opinions on it.
Current Interest Rates:
Live Oak Bank = 1.35%
Goldman Sachs = 1.2%
Ally = 1.15%
Barclays = 1.15%
I want to open up a high-yield savings account to stick my emergency and vacation and car funds into (~$10,000, none of which I need immediate access to) because my current rate of 0.01% is just terrible.
I'd like to do Live Oak because it has by far the best rate, but I can't find much online about it. Does anyone have any experience with this bank?
Between Ally, GS, and Barclays, do you think it's likely that they'll all keep raising their interest rate? Does one of them have a better history of being a rate leader?
Submitted July 10, 2017 at 11:08AM by plumheart http://ift.tt/2u5gei0
