Carver Bank vs. LendingClub
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | LendingClubLevelUp Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 3.00% - 4.00% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $5,000 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | 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 InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Carver Bank vs. LendingClub
As of both Carver Bank (High Yield Savings) and LendingClub (LevelUp Savings) offer an APY of 4.00% .
Both banks yield $400 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.
Why Carver Bank?
- ✓No checking account or direct deposit required
- ✓Fast transfers via Zelle®
Why LendingClub?
No distinct advantages found vs Carver Bank.
— Key Feature Differences —
Best for Simplicity
Carver BankCarver Bank's High Yield Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
LendingClubLendingClub offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.7 (vs. 4.5)
Shared Benefits
Executive Summary as of
Carver Bank and LendingClub both offer competitive high yield savings accounts with an APY of 4.00%. Carver Bank's High Yield Savings account requires a minimum deposit and balance of $5,000, but has no maintenance fees if this requirement is met. In contrast, LendingClub's LevelUp Savings account has no minimum deposit or balance requirements, but the 4.00% APY is contingent upon depositing at least $250 each month; otherwise, the APY drops to 3.00%. Both accounts are online-only and do not require direct deposit. Overall, while both banks provide similar APYs, LendingClub offers more flexibility with no minimum balance requirements.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Carver Bank vs. LendingClub Savings Calculator
Both accounts earn exactly the same amount.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
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.
| Feature | Carver Bank | LendingClub |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 4.00% Range: 3.00% - 4.00% Verified: 1/7/2026 ↘︎ 0.20%90d Change |
| Product Name | High Yield Savings | LevelUp Savings |
| Minimum Deposit | $5,000 | $0 |
| Min. Balance for APY | $5,000 | $0 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.8 Android4.7 |
| Zelle® Support | Available Full native integration in digital banking. | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | - | 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 Carver Bank Non-sponsored link to official site | Visit SiteVerify at LendingClub Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Carver Bank | LendingClub |
|---|---|---|
| High Yield Savings | LevelUp Savings | |
Current APY | 4.00% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.0 | -4.1 |
Days Since Change | 309 | 26 |
11-Month High | 4.25% | 4.50% |
11-Month Low | 4.00% | 4.00% |
Adjustments / Mo | 0.09 | 0.26 |
Volatility Score | 0.017 | 0.035 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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