LendingClub

Last Updated: 7/2/2025

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

Quick Views

LevelUp Savings: 3.40% - 4.40% APY(Rank 9 out of 76 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.38% (as of 6/16/2025)

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

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 4.40%, unchanged from 30 days ago.
No maintenance fees for the LevelUp Savings account.
High App Store rating of 4.8.
BBB rating of A+.

Considerations

No physical branches available.
Direct deposit is required to earn the advertised APY.
Standard rate drops to 3.40% without monthly deposits.
Not BBB Accredited.

Summary: LendingClub offers a competitive APY of 4.40% for its LevelUp Savings account, which requires monthly deposits of $250 to maintain this rate. The bank has no maintenance fees and boasts high ratings on both App Store (4.8) and Google Play (4.6). However, it lacks physical branches, and the account is not BBB Accredited. Additionally, the APY drops to 3.40% without meeting the deposit requirement.

Savings Account

Savings Account Offered by LendingClub

Feature	LevelUp Savings
APY	3.40% - 4.40% (as of 7/2/2025)
APY Trend	Stable for the last month
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 4.40% is only available if you deposit $250+ into the account each month. Otherwise the "Standard Rate" of 3.40% applies.
No deposit agreement summary available for this bank.

Calculate Savings for LendingClub

All calculations are based on APY.

Savings Product:

LevelUp Savings (APY: 3.40% ⎼ 4.40%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $4 (3.85%)
Total contributions: $0 (0.00%)
Initial deposit: $100 (96.15%)

Your total balance

$104.00

Effective APY: 4.40% (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	4.40 %
Trend	Sideways
Slope (bps/mo)	-3.9
Rate Changes / Mo	0.30
Days Since Last Change	97
High (-6 m)	4.75 %
Low (-6 m)	4.40 %
Draw-down from High	-7.4 %
Volatility (CV)	0.020

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 6 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 (-6 m): Highest APY in the last 197 days.
Low (-6 m): Lowest APY in the last 197 days.
Draw-down from High: How far today sits below the 6-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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Feature	LendingClub	Select a bank...
Product	LevelUp Savings	N/A
APY	3.40% - 4.40% (as of 7/2/2025)	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 4.40% is only available if you deposit $250+ into the account each month. Otherwise the "Standard Rate" of 3.40% applies.	N/A