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1
SunnyvaleCA
2022 Jan 6, 11:18am
Those are nominal rates. From 2006 through 2019 there was approximately a 2% inflation. Now there is more like 4% or 5% inflation, so you'd be pocketing cash each year on the dividends but losing nearly as much of the principal's purchasing value. Before the government's full default on gold, treasurys were a safe way to earn a bit of income. Now .... not so much.
3
just_passing_through
2022 Jan 8, 1:31pm
just_passing_through
2022 Jan 8, 1:31pm
Earn higher interest with a Founder Savings account from LendingClub Bank!
In 2021, we launched a high-yield savings account (Founder Savings) that offered a market-leading APY, made available only to our Notes investors.1
Once you open an account, you can earn 0.75% on your first $19,999.99 and 0.65% on any portion of your balance that is $20,000 and greater.2
The Founder Savings account was designed for you—our valued Notes investors. In addition to the market-leading APY, take advantage of the custom-built “Auto-Save” feature. Once you turn this on, we’ll automatically transfer available cash in your Notes account to your Founder Savings account on a weekly basis.3
You can also count on the following:
No monthly maintenance fees or minimums4
FDIC insurance up to $250,0004
Anytime access with the LendingClub mobile app5
Grow your savings with:
Free transfers from your accounts at other financial institutions6
Easy to use mobile check deposit
Applying for your new Founder Savings account takes just a few minutes — click here to get started!
We’re here to help you succeed. If you have any questions, contact us.
In 2021, we launched a high-yield savings account (Founder Savings) that offered a market-leading APY, made available only to our Notes investors.1
Once you open an account, you can earn 0.75% on your first $19,999.99 and 0.65% on any portion of your balance that is $20,000 and greater.2
The Founder Savings account was designed for you—our valued Notes investors. In addition to the market-leading APY, take advantage of the custom-built “Auto-Save” feature. Once you turn this on, we’ll automatically transfer available cash in your Notes account to your Founder Savings account on a weekly basis.3
You can also count on the following:
No monthly maintenance fees or minimums4
FDIC insurance up to $250,0004
Anytime access with the LendingClub mobile app5
Grow your savings with:
Free transfers from your accounts at other financial institutions6
Easy to use mobile check deposit
Applying for your new Founder Savings account takes just a few minutes — click here to get started!
We’re here to help you succeed. If you have any questions, contact us.
4
just_passing_through
2022 Jan 8, 1:33pm
just_passing_through
2022 Jan 8, 1:33pm
Best savings account rate I've seen all year for anyone considering stashing some cash for the forthcoming cannibal anarchy depression. I'm sticking with Ally for now. Not worth the trouble of moving it.
April 1, 2007 paid out 5.03%, so if you put $2 million in, you'd be earning $100,000/year for sitting on your duff, principal untouched.
July 1, 2018 paid out 3.05%, so $40,000 less per year in hookers and blow, but still $60,000/year isn't chump change.
30 year UST:
Feburary 1, 2006 paid out 5.17%. In additon to earning $100,000/year, you could have sold and gotten more than you paid with falling rates.
August 1, 2018 paid out 3.14%.
Bond rates are on the rise, BTW.