Available nationwide, LendingClub Banking is offering a 3.50% APY Rate. Definitely continue reading below for everything you would need to know about the attractive account and rate!
Update 3/7/25: The standard rate has decreased to 3.50% APY (from 3.75%), however, you can bump this rate to 4.50% APY (down from 4.75%) by simply depositing $250+ per month into your LevelUp account.
LendingClub Banking High Yield Savings Review
LendingClub is headquartered in Lehi, Utah and they were founded in 1987. Since then they have grown to 2 locations, offer savings rates that are higher than the national average, and they boast an A+ health rating.
I’ll review LendingClub Banking High Yield Savings below.
LendingClub Banking High Yield Savings Rate
- Eligible account: High Yield Savings
- Credit Inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide
- Opening Deposit: $100
- Monthly fee: There are no monthly service fees
- Early Termination Fee: None listed, check with CSR
(Visit LendingClub to learn more)
How to Earn LendingClub Banking Rate
- Open a High Yield Savings account with $100 opening deposit.
- Maintain any balance amount and earn the 3.50% APY rate.
Editor’s Notes:
- How do I fund my account and when are funds available?
- To make your initial deposit, you can transfer money from your account at another financial institution using your account and routing number or your debit card. Please ensure that you have sufficient funds available to be transferred. All funds transferred into your account during the first 30 days of your account being opened are held for 5 days for your security, with the exception of direct deposit from your employer which is available immediately upon deposit.
- Where can I deposit my cash?
- You are able to deposit cash at any MoneyPass Deposit Taking ATMs and NYCE Shared Deposit ATMs and we rebate all ATM fees at the end of the month.
LendingClub Banking Account Features
- No monthly service fees
- No minimum balance requirement after $100.00 to open
- Free ATM card available
- Online and Mobile Banking
- Free Transfers
- No ATM Fees
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Conclusion
LendingClub Banking is offering a great APY Rate for their High Yield Savings Account. Definitely open an account so you can start saving with a fantastic account while offering a competitive APY Rate.
In addition to the rate from LendingClub, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on LendingClub Banking High Yield Savings Account.
