Chase Bank vs. LendingClub
Compare rates, requirements, and features side-by-side to find the best option for you.
Chase Bank
Chase Savings℠
0.01%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Chase Bank
Chase 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
Comparison Analysis
Comparing Chase Bank vs. LendingClub
Why Chase Bank?
- ✓No checking account or direct deposit required
Why LendingClub?
- ✓Higher potential APY (4.20% vs 0.01%) on all balances
— Key Feature Differences —
Better Returns at $10,000
LendingClubLendingClub's LevelUp Savings earns more on smaller deposits (approx. $420 vs $1/yr).
Better Returns at $25,000
LendingClubLendingClub's LevelUp Savings pulls ahead with larger amounts (approx. $1050 vs $3/yr).
Shared Benefits
Over a 1-year period, LendingClub's LevelUp Savings pays $419 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.
Executive Summary
LendingClub offers a significant advantage with its LevelUp Savings account, featuring an impressive APY of 4.20%, provided a monthly deposit of $250 or more is made. This online-only product has no maintenance fees and allows for daily compounding, making it a strong choice for savers. In contrast, Chase Bank's Chase Savings℠ account yields only 0.01% APY, with a $5 maintenance fee that can be waived under certain conditions. While Chase provides a traditional banking experience, LendingClub's higher returns make it the clear winner for those looking to maximize their savings.
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 Chase Bank and LendingClub.
| Feature | Chase Bank | LendingClub |
|---|---|---|
| APY | 0.01% Verified: 12/6/2025 Stable (90d) | 4.20% Range: 3.20% - 4.20% Verified: 12/6/2025 Stable (90d) |
| Product Name | Chase Savings℠ | LevelUp Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $5 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.8 Android4.7 |
| BBB Rating | A- | A+ |
| Important Notes | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | 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 $2,558.6 more than Chase Bank.
Chase Bank
Chase Savings℠
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
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 | Chase Bank | LendingClub |
|---|---|---|
| Chase Savings℠ | LevelUp Savings | |
Current APY | 0.01% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -3.6 |
Days Since Change | 311 | 148 |
10-Month High | 0.01% | 4.50% |
10-Month Low | 0.01% | 4.20% |
Adjustments / Mo | 0.00 | 0.19 |
Volatility Score | 0.000 | 0.028 |
How to read these metrics(Click to expand)
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