Chime vs. LendingClub
Comparing Chime and LendingClub for high-yield savings: Chime's Chime High-Yield Savings Account pays 3.00% APY while LendingClub's LevelUp Savings pays 4.00% APY.
Note: Chime requires a checking account.
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 $100 more than Chime annually ($400 vs $300).
Choose LendingClub if getting the best rate matters most, or you want a no-strings-attached account.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while LendingClub offers its savings account standalone.
| Metric | ChimeChime High-Yield Savings Account Apr 21, 2026 | LendingClubLevelUp Savings Apr 21, 2026 |
|---|---|---|
| APY | 0.75% - 3.00% | 3.00% - 4.00% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $0 | $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 InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily 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 Chime vs. LendingClub
Executive Summary
LendingClub offers a competitive LevelUp Savings account with an APY of 4.00%, significantly higher than Chime's High-Yield Savings Account, which has an APY of 3.00%. To qualify for the advertised APY at LendingClub, a monthly deposit of $250 or more is required, while Chime mandates a qualifying direct deposit of $200 or more within the preceding 34 days. Both accounts are online-only and have no maintenance fees, with a minimum deposit of $0. For those who do not meet the deposit requirement at LendingClub, a lower APY of 3.00% applies. Overall, LendingClub is the winner based on the higher APY.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chime?
No distinct advantages found vs LendingClub.
Why LendingClub?
- ✓Higher potential APY (4.00% vs 3.00%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
LendingClubLendingClub's LevelUp Savings earns more on smaller deposits (approx. $400 vs $300/yr).
Better Returns at $25,000
LendingClubLendingClub's LevelUp Savings pulls ahead with larger amounts (approx. $1000 vs $750/yr).
Shared Benefits
Over a 1-year period, LendingClub's LevelUp Savings pays $100 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.
*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
Top Market Contenders
Chime vs. LendingClub Savings Calculator
You earn $100 more with LendingClub than Chime 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.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
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 $299 per year in interest.
Both Chime and LendingClub dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Chime | LendingClub |
|---|---|---|
| APY | 3.00% Range: 0.75% - 3.00% Verified: 4/21/2026 ↘︎ 0.50%90d Change | 4.00% Range: 3.00% - 4.00% Verified: 4/21/2026 Stable (90d) |
| Product Name | Chime High-Yield Savings Account | LevelUp Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | None |
| Direct Deposit Req. | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | 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 Chime Non-sponsored link to official site | Visit SiteVerify at LendingClub Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Chime | LendingClub |
|---|---|---|
| Chime High-Yield Savings Account | LevelUp Savings | |
Current APY | 3.00% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -7.4 | -3.9 |
Days Since Change | 81 | 130 |
12-Month High | 3.75% | 4.40% |
12-Month Low | 3.00% | 4.00% |
Adjustments / Mo | 0.16 | 0.16 |
Volatility Score | 0.084 | 0.036 |
How to read these metrics(Click to expand)
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Compare Chime's APY of 3.00% 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 Barclays | 3.75% | $0 |
| LendingClub vs Capital One | 3.20% | $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 |