Bask Bank vs. Lending Club
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 16, 2025
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Summary of Bask Bank vs. LendingClub
Key Metrics at a Glance
| Feature | Bask Bank | LendingClub |
|---|---|---|
| Top Savings APY | 3.90% Interest Savings Account | 4.20% LevelUp Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | 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. |
Bask Bank
Strengths
- Bask Bank offers a competitive APY of 3.90%, though it decreased from 4.05% in the last 30 days.
- No maintenance fees or minimum balance requirements for the Interest Savings Account.
- Bask Bank has a solid App Store rating of 4.7.
Potential Drawbacks
- Bask Bank has a lower BBB rating of B compared to LendingClub's A+.
- No branches available for in-person banking services.
- Bask Bank's Google Play rating is lower at 4.5 compared to LendingClub.
LendingClub
Strengths
- LendingClub offers a higher APY of 4.20%, stable over the last 30 days.
- LendingClub has a higher BBB rating of A+, indicating better trustworthiness.
- LendingClub's App Store rating is slightly higher at 4.8.
Potential Drawbacks
- The LevelUp Savings account requires a $250 monthly deposit to earn the highest APY.
- LendingClub has no branches for in-person banking services.
- LendingClub's Google Play rating is slightly lower at 4.6 compared to Bask Bank.
→ As of November 16, 2025 Bask Bank offers an APY of 3.90% for its Interest Savings 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.
→ LendingClub yields $30 more than Bask Bank on a $10,000 balance after one year. Bask Bank pays $390, while LendingClub pays $420 - an APY advantage for LendingClub.
Calculate Savings Growth for Bask Bank vs LendingClub
Bask Bank - Interest Savings Account
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewLendingClub - LevelUp Savings
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
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, Bask Bank's total earnings would be $194.1 lower than LendingClub's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bask Bank's vs LendingClub's Savings Accounts
| Bask Bank | LendingClub | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | LevelUp Savings |
| APY | 3.90% (as of 11/16/2025) | 3.20% - 4.20% (as of 11/16/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Note | 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. | ||
| App Store Rating | 4.7/5 | 4.8/5 | |
| Google Play Rating | 4.5/5 | 4.6/5 | |
| BBB Rating | B | A+ |
Comparative Historical APY Insights (Last 11 Months)
| Bask Bank | LendingClub | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | LevelUp Savings |
| Latest APY | 3.90 % | 4.20 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.4 | -4.2 | |
| Rate Changes / Mo | 0.54 | 0.27 | |
| Days Since Last Change | 9 | 128 | |
| High (-11 m) | 4.65 % | 4.75 % | |
| Low (-11 m) | 3.90 % | 4.20 % | |
| Draw-down from High | -16.1 % | -11.6 % | |
| Volatility (CV) | 0.035 | 0.033 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 11 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 (-11 m)
- Highest APY in the last 334 days.
- Low (-11 m)
- Lowest APY in the last 334 days.
- Draw-down from High
- How far today sits below the 11-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.