Barclays vs. LendingClub
Comparing Barclays and LendingClub for high-yield savings: Barclays's Tiered Savings pays 3.75% APY while LendingClub's LevelUp Savings pays 4.00% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? LendingClub pays $35 more than Barclays annually ($400 vs $365).
Choose LendingClub if getting the best rate matters most.
| Metric | BarclaysTiered Savings Apr 21, 2026 | LendingClubLevelUp Savings Apr 21, 2026 |
|---|---|---|
| APY | 3.65% - 3.75% | 3.00% - 4.00% |
Est. Earnings | $5,000+$183 $10,000+$365 $25,000+$912 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 3.75% APY is only available for balances over $250,000. For lower balances, the APY is 3.65%. | 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. |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Barclays vs. LendingClub
Executive Summary
LendingClub offers a competitive LevelUp Savings account with an APY of 4.00%, which is available when depositing $250 or more each month. This account stands out as the highest-yielding option compared to Barclays' Tiered Savings account, which offers a maximum APY of 3.75% for balances over $250,000 and 3.65% for lower balances. Both accounts are online-only and have no maintenance fees, but LendingClub's product is more accessible for smaller deposits, providing better returns at various balance levels. Neither account requires direct deposit.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Barclays?
- ✓No checking account or direct deposit required
Why LendingClub?
- ✓Higher potential APY (4.00% vs 3.75%) on all balances
— Key Feature Differences —
Better Returns at $10,000
LendingClubLendingClub's LevelUp Savings earns more on smaller deposits (approx. $400 vs $365/yr).
Better Returns at $25,000
LendingClubLendingClub's LevelUp Savings pulls ahead with larger amounts (approx. $1000 vs $912/yr).
Shared Benefits
Over a 1-year period, LendingClub's LevelUp Savings pays $35 more interest on a $10,000 balance than Barclays's Tiered Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
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Barclays vs. LendingClub Savings Calculator
You earn $35 more with LendingClub than Barclays on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
LendingClub
LevelUp Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $364 per year in interest.
Both Barclays and LendingClub dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Barclays | LendingClub |
|---|---|---|
| APY | 3.75% Range: 3.65% - 3.75% Verified: 4/21/2026 ↘︎ 0.25%90d Change | 4.00% Range: 3.00% - 4.00% Verified: 4/21/2026 Stable (90d) |
| Product Name | Tiered Savings | LevelUp Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $250,000 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | The 3.75% APY is only available for balances over $250,000. For lower balances, the APY is 3.65%. | 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 | Visit SiteVerify at Barclays Non-sponsored link to official site | Visit SiteVerify at LendingClub Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | LendingClub | |
|---|---|---|---|
| Tiered Savings | Online Savings | LevelUp Savings | |
Current APY | 3.75% | 3.50% | 4.00% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.4 | -2.3 | -3.9 |
Days Since Change | 6 | 60 | 130 |
12-Month High | 4.40% | 3.90% | 4.40% |
12-Month Low | 3.75% | 3.50% | 4.00% |
Adjustments / Mo | 0.58 | 0.41 | 0.16 |
Volatility Score | 0.031 | 0.022 | 0.036 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Barclays' APY of 3.75% with other banks
Compare LendingClub's APY of 4.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| LendingClub vs Ally Bank | 3.10% | $0 |
| LendingClub vs American Express | 3.20% | $0 |
| LendingClub vs Axos Bank | 4.21% | $0 |
| LendingClub vs Capital One | 3.20% | $0 |
| LendingClub vs Chime | 3.00% | $0 |
| LendingClub vs CIT Bank | 3.75% | $100 |
| LendingClub vs Discover Bank | 3.30% | $0 |
| LendingClub vs EverBank | 3.90% | $0 |
| LendingClub vs Marcus by Goldman Sachs | 3.50% | $0 |
| LendingClub vs Newtek Bank | 4.20% | $0.01 |
| LendingClub vs Openbank | 4.00% | $500 |
| LendingClub vs Pibank | 4.40% | $0 |
| LendingClub vs SoFi Bank | 4.00% | $0 |
| LendingClub vs Synchrony Bank | 3.40% | $0 |
| LendingClub vs Varo Bank | 5.00% | $0 |
| LendingClub vs Wealthfront | 4.20% | $0 |