LendingClub: Savings Accounts & Rates

Savings rates updated: 8/15/2025

Mission statement: Banksparency aims to make LendingClub's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

LevelUp Savings: 3.20% - 4.20% APY(Rank 30 out of 81 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.38% (as of 7/21/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Lehi, Utah (LendingClub Corporation HQ: San Francisco, California)

Founded: 2007

Affiliation: LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank

Access to Branches: None

Deposit Insurance: FDIC Cert # 32551

BBB Rating: A+ (Not BBB Accredited.)

App Store Rating: 4.8/5

Google Play Rating: 4.6/5

Website: Visit LendingClub

Our Take on LendingClub

Highlights

Current APY of 4.20% with monthly deposits of $250+
No maintenance fees or minimum balance requirements
High App Store rating of 4.8
A+ BBB rating, indicating strong trustworthiness

Considerations

Standard APY drops to 3.20% without monthly deposits
No physical branches available for in-person banking
Not BBB Accredited, which may concern some users
Online-only account may lack personalized service

Summary: LendingClub offers a competitive LevelUp Savings account with a 4.20% APY for those who can deposit at least $250 monthly. The account has no fees or minimum balance, making it accessible. However, the APY drops to 3.20% without meeting the deposit requirement. With an A+ BBB rating and high app ratings, it provides a reliable option for savers, though it's an online-only bank, lacking physical branches.

Savings Account: In-Depth View

Savings Account Offered by LendingClub

Feature	LevelUp Savings
APY	3.20% - 4.20% (as of 8/15/2025)
APY Trend	-0.20% QoQ
Minimum Deposit	$0
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
Note	The advertised "LevelUp Rate" APY of 4.20% is only available if you deposit $250+ into the account each month. Otherwise the "Standard Rate" of 3.20% applies.
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for LendingClub

All calculations are based on APY.

Savings Product:

LevelUp Savings (APY: 3.20% ⎼ 4.20%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,650.7 (10.55%)
Total contributions: $13,000 (83.06%)
Initial deposit: $1,000 (6.39%)

Your total balance

$15,650.70

Effective APY: 4.20% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

LendingClub Savings Rates Over Time

Historical APY Insights

Metric	LevelUp Savings
Latest APY	4.20 %
Trend	Sideways
Slope (bps/mo)	-5.0
Rate Changes / Mo	0.37
Days Since Last Change	37
High (-8 m)	4.75 %
Low (-8 m)	4.20 %
Draw-down from High	-11.6 %
Volatility (CV)	0.028

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-8 m): Highest APY in the last 243 days.
Low (-8 m): Lowest APY in the last 243 days.
Draw-down from High: How far today sits below the 8-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare LendingClub's Savings Account

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ROGER - 4.12% APY
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Synchrony Bank - 3.80% APY
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TD Bank - 0.05-3.00% APY
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UFB Direct - 4.01-4.21% APY
Upgrade - 4.02% APY
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Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.30% APY
Zynlo Bank - 4.35% APY

Feature	LendingClub	Select a bank...
Product	LevelUp Savings	N/A
APY	3.20% - 4.20% (as of 8/15/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$0	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A
Note	The advertised "LevelUp Rate" APY of 4.20% is only available if you deposit $250+ into the account each month. Otherwise the "Standard Rate" of 3.20% applies.	N/A

Alternatives to LendingClub

Banks with Higher/Similar Savings APY

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High Yield Savings: 0.61% APY

Minimum Deposit: $0

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