Barclays vs. LendingClub
Compare rates, requirements, and features side-by-side to find the best option for you.
Barclays
Tiered Savings
Up to4.00%APYDec 6, 2025FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppRange: 3.85% – 4.00%Show Fine Print & Trends Hide Details
Barclays
Tiered Savings
LendingClub
LevelUp Savings
Up to4.20%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppRange: 3.20% – 4.20%Show Fine Print & Trends Hide Details
LendingClub
LevelUp Savings
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
Why Barclays?
- ✓No checking account or direct deposit required
- ✓Offers 2 different high-yield savings options
Why LendingClub?
- ✓Higher potential APY (4.20% vs 3.60%-4.00%) on all balances
— Key Feature Differences —
Better Returns at $10,000
LendingClubLendingClub's LevelUp Savings earns more on smaller deposits (approx. $420 vs $385/yr).
Better Returns at $25,000
LendingClubLendingClub's LevelUp Savings pulls ahead with larger amounts (approx. $1050 vs $963/yr).
Best for Simplicity
BarclaysBarclays's Online Savings offers 3.60% APY with no bundling, direct deposit requirement or caps.
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.
Executive Summary
LendingClub offers a competitive LevelUp Savings account with an APY of 4.20%, which is higher than Barclays's Online Savings account at 3.60%. The LevelUp Rate is accessible with a monthly deposit of $250 or more, making it a strong option for those who can meet this requirement. In contrast, Barclays provides a straightforward Online Savings account with no minimum deposit or direct deposit requirement, ideal for those seeking simplicity. Both accounts are online-only, and there are no maintenance fees associated with either bank.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Barclays and LendingClub.
| Feature | Barclays | LendingClub |
|---|---|---|
| APY | 4.00% Range: 3.85% - 4.00% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 4.20% Range: 3.20% - 4.20% Verified: 12/6/2025 Stable (90d) |
| Product Name | Tiered Savings | LevelUp Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $250,000 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.7 | iOS4.8 Android4.7 |
| BBB Rating | A+ | A+ |
| Important Notes | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | 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. |
| Next Steps |
Savings Comparison
LendingClub earns $226.3 more than Barclays.
Barclays
Tiered Savings
Savings Breakdown
- Interest Earned+$2,338.00(11.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,338.00
LendingClub
LevelUp Savings
Savings Breakdown
- Interest Earned+$2,564.30(12.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,564.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | LendingClub | |
|---|---|---|---|
| Online Savings | Tiered Savings | LevelUp Savings | |
Current APY | 3.60% | 4.00% | 4.20% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.6 | -4.4 | -3.6 |
Days Since Change | 10 | 17 | 148 |
10-Month High | 4.00% | 4.50% | 4.50% |
10-Month Low | 3.60% | 4.00% | 4.20% |
Adjustments / Mo | 0.57 | 0.66 | 0.19 |
Volatility Score | 0.025 | 0.036 | 0.029 |
How to read these metrics(Click to expand)
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