LendingClub: Savings Account & Rates
Mission: Banksparency aims to make LendingClub's savings account transparent and comparable to the market.
Savings Overview
LevelUp Savings
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- HQ LocationLehi, Utah (LendingClub Corporation HQ: San Francisco, California)
- Founded2007
- AffiliationLendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured(Cert: 32551)
Our Take on LendingClub
The Good
- Competitive 4.00% APY
- No minimum deposit or balance requirements
- No monthly maintenance fees
- Top-tier mobile apps (iOS: 4.8, Android: 4.7)
Considerations
- No physical branch access (online only)
LendingClub offers the LevelUp Savings account with a competitive APY of 4.00%, available when you deposit $250 or more each month; otherwise, a standard rate of 3.00% applies. This account has no minimum deposit or balance requirements, no monthly maintenance fees, and is accessible through top-tier mobile apps. However, it is an online-only service with no physical branch access. Additionally, there are no direct deposit requirements, making it flexible for users.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by LendingClub
| Feature | LevelUp Savings |
|---|---|
APY | 4.00%Range: 3.00% - 4.00%Verified: 1/7/2026 |
APY Trend | Rate Adjusted -0.20% Since 30 days ago |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
Important | The advertised "LevelUp Rate" APY of 4.00% is only available if you deposit $250+ into the account each month. Otherwise the "Standard Rate" of 3.00% applies. |
| Next Steps | - |
Calculate Savings for LendingClub
Savings Breakdown
- Interest Earned+$1,568.10(10.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,568.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
LendingClub Savings Rates Over Time
Historical APY Insights
Last 12 Months| Metric | LevelUp Savings |
|---|---|
Latest APY | 4.00% |
Trend | Sideways |
Slope (bps/mo) | -4.1 |
Rate Changes / Mo | 0.33 |
Days Since Last Change | 26 |
High (-12m) | 4.75% |
Low (-12m) | 4.00% |
Draw-down | -15.8% |
Volatility (CV) | 0.037 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 365-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with LendingClub
| Feature | Current View LendingClub | Empty Slot |
|---|---|---|
| Product | LevelUp Savings | - |
APY | 3.00% - 4.00%Verified: 1/7/2026 | - |
APY Trend | Rate Adjusted -0.20% Since 30 days ago | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Note | The advertised "LevelUp Rate" APY of 4.00% is only available if you deposit $250+ into the account each month. Otherwise the "Standard Rate" of 3.00% applies. | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare LendingClub's APY of 4.00% with other banks
Alternatives to LendingClub
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Barclays
Tiered Savings: 4.00% APY
Minimum Deposit: $0
Online Only
Online Savings: 3.60% APY
Minimum Deposit: $0
Online Only
Pibank
Pibank Savings: 4.60% APY
Minimum Deposit: $0
Online Only
Newtek Bank
Personal High Yield Savings: 4.35% APY
Minimum Deposit: $0.01
Online Only
Peak Bank
Envision High Yield Savings: 3.99% APY
Minimum Deposit: $100
Online Only
Carver Bank
High Yield Savings: 4.00% APY
Minimum Deposit: $5,000
Online Only
TIMBR
Premium Savings Account: 4.40% APY
Minimum Deposit: $1,000
Online Only
Forbright Bank
Growth Savings: 4.00% APY
Minimum Deposit: $0
Online Only
Bright Savings: 3.65% APY
Minimum Deposit: $250
Eligible States: Limited (see details)
Sprout Savings: 3.65% APY
Minimum Deposit: $1
Eligible States: Limited (see details)
MutualOne Bank
Mo Premium Savings: 4.07% APY
Minimum Deposit: $20,000
Online Savings: 0.40% APY
Minimum Deposit: $5,000
Online Only
Sallie Mae Bank
High-Yield Savings Account: 3.90% APY
Minimum Deposit: $0
Online Only
My Banking Direct
High Yield Savings Account: 4.02% APY
Minimum Deposit: $500
Online Only
Wealthfront
Cash Account: 3.90% APY
Minimum Deposit: $0
Online Only
Fitness Bank
Fitness Savings Account: 4.45% APY
Minimum Deposit: $100
Online Only
Fitness Elite Checking & Fitness Savings Combo: 4.75% APY
Bundled Savings & Checking Account
Minimum Deposit: $100
Online Only