Simple Ways to Save at Laurel Road
Laurel Road is different from a regular store—it's an online bank! That means the "savings" are on things like loans and banking fees. The easiest way to save is by taking advantage of their lower interest rates and fee-free accounts.
- Check for Rate Discounts: Look for offers like a 0.25% discount on loan rates for setting up automatic payments. It's a simple switch that saves you money over time.
- Open a High-Yield Savings Account: Their savings accounts often have much higher interest rates than big traditional banks. This means your money earns more money just for sitting in your account.
- Look for Promotional Offers: Keep an eye out for limited-time promotions, like bonus cash for opening a new account or refinancing a loan.
Best Times to Shop
Since Laurel Road offers financial products, the best "time to shop" is when you're making a big financial decision. The rates are generally consistent, but there are strategic times to act.
- Refinance Student Loans During Rate Drops: If you hear news about interest rates going down, it's a great time to check Laurel