Lending club stock constantly performs bad and seems like it’s heading towards not being a around in the future. I have $500K in their HYSA account since they give some of the best rates. 3 beneficiaries on the account, so that’s $1M FDIC coverage Safe to keep money at Lending Club which uses Radius Bank? TC: 300K
250k fine, FDICed Rest maybe put in others like wealthfront etc
There’s 3 beneficiaries, so have $1M FDIC’d
Seems gud then
Only half of that is insured, so presumably you’ll want to take out the other half if you think there is risk of collapse.
Edited. FDIC coverage can be more than $250K
They were crashing like 5 years ago and even ousted the CEO. However during pandemic they soared and now deflating like every other non profitable business
Robinhood provides 3.75% with gold, if you are looking for an alternate option
Good rec, already have some money parked there. They will inevitably pull a bait and switch
Can always pull out on the switch?
what is your networth OP? if you could share ...thanks
Collecting nickels in front of a bulldozer is generally not considered safe.
Weird saying but ok