Axos Bank vs. Lending Club
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 16, 2025
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Summary of Axos Bank vs. LendingClub
Key Metrics at a Glance
| Feature | Axos Bank | LendingClub |
|---|---|---|
| Top Savings APY | 4.51% Axos ONE | 4.20% LevelUp Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | This APY is only available with the Axos ONE savings and checking bundle. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | 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. |
Axos Bank
Strengths
- Axos Bank offers a higher APY of 4.51% compared to LendingClub's 4.20%.
- Axos Bank has a BBB Accredited rating, while LendingClub is not accredited.
- Axos Bank has a higher App Store rating of 4.7 versus LendingClub's 4.8.
Potential Drawbacks
- Axos Bank requires either direct deposit or qualifying deposits to earn the highest APY.
- Axos Bank's Google Play rating is lower at 4.6 compared to LendingClub's 4.5.
- Axos Bank has no physical branches, similar to LendingClub.
LendingClub
Strengths
- LendingClub offers a straightforward APY of 4.20% without complex requirements.
- LendingClub's Google Play rating is 4.5, while Axos Bank's is 4.6.
- LendingClub has no maintenance fees and a minimum deposit of $0.
Potential Drawbacks
- LendingClub's APY is lower at 4.20% compared to Axos Bank's 4.51%.
- LendingClub is not BBB Accredited, unlike Axos Bank.
- LendingClub has a lower App Store rating of 4.8 compared to Axos Bank's 4.7.
Summary: Axos Bank's high-yield savings account offers a superior APY of 4.51%, requiring direct deposit or qualifying deposits for the best rate. In contrast, LendingClub provides a simpler 4.20% APY without stringent requirements. Both banks lack physical branches and have no maintenance fees. Axos Bank is BBB Accredited, while LendingClub is not, though it has a slightly higher App Store rating.
→ As of October 16, 2025 Axos Bank offers an APY of 4.51% for its Axos ONE account, with a minimum balance of $0, compared to LendingClub's 4.20% APY for its LevelUp Savings account, with a minimum balance of $0.
→ Axos Bank yields $31 more than LendingClub on a $10,000 balance after one year. Axos Bank pays $451, while LendingClub pays $420 - an APY advantage for Axos Bank.
→ In addition, Axos Bank also offers 4.00% APY for the Summit Savings account.
Calculate Savings Growth for Axos Bank vs LendingClub
All calculations are based on APY.
Axos Bank
APY: 4.51%
Total savings breakdown:
- Interest earned: $2,766.7 (13.32%)
- Total contributions: $13,000 (62.60%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,766.70
Effective APY: 4.51% (based on your deposit and contributions)
Total balance: $20,766.7
Earnings: $2,766.7
LendingClub
APY: 4.20%
Total savings breakdown:
- Interest earned: $2,564.3 (12.47%)
- Total contributions: $13,000 (63.22%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,564.30
Effective APY: 4.20% (based on your deposit and contributions)
Total balance: $20,564.3
Earnings: $2,564.3
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $202.4 higher than LendingClub's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Axos Bank's vs LendingClub's Savings Accounts
| Axos Bank | LendingClub | ||||
|---|---|---|---|---|---|
| Product | Axos ONE | Summit Savings | High Yield Savings | vs | LevelUp Savings |
| APY | 4.51% (as of 10/16/2025) | 4.00% (as of 10/16/2025) | 0.61% (as of 10/16/2025) | 3.20% - 4.20% (as of 10/16/2025) | |
| Bundled Account | Yes | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | $0 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No. Not required, but is the easiest way to earn the highest APY. | No | No | No | |
| Note | This APY is only available with the Axos ONE savings and checking bundle. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | 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 | LEARN MORE at Axos Bank, Member FDIC | ||||
| App Store Rating | 4.7/5 | 4.8/5 | |||
| Google Play Rating | 4.6/5 | 4.5/5 | |||
| BBB Rating | A+ | A+ | |||
Comparative Historical APY Insights (Last 10 Months)
| Axos Bank | LendingClub | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | LevelUp Savings |
| Latest APY | 0.61 % | 4.00 % | 4.51 % | 4.20 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | 0.0 | -4.9 | -4.7 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.30 | 0.30 | |
| Days Since Last Change | 281 | 108 | 13 | 97 | |
| High (-10 m) | 0.61 % | 4.00 % | 4.86 % | 4.75 % | |
| Low (-10 m) | 0.61 % | 4.00 % | 4.46 % | 4.20 % | |
| Draw-down from High | 0.0 % | 0.0 % | -7.2 % | -11.6 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.032 | 0.033 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 303 days.
- Low (-10 m)
- Lowest APY in the last 303 days.
- Draw-down from High
- How far today sits below the 10-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.