EverBank vs. LendingClub
Compare rates, requirements, and features side-by-side to find the best option for you.
EverBank
Performance Savings
4.05%APYDec 6, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
EverBank
Performance 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 EverBank vs. LendingClub
Why EverBank?
- ✓No checking account or direct deposit required
- ✓Physical branch access (11 locations in Florida and California)
Why LendingClub?
- ✓Higher potential APY (4.20% vs 4.05%) on all balances
- ✓Higher rated iOS app (4.8 vs 2.3)
- ✓Higher rated Android app (4.7 vs 1.4)
— Key Feature Differences —
Better Returns at $10,000
LendingClubLendingClub's LevelUp Savings earns more on smaller deposits (approx. $420 vs $405/yr).
Better Returns at $25,000
LendingClubLendingClub's LevelUp Savings pulls ahead with larger amounts (approx. $1050 vs $1013/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 4.05% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
LendingClubLendingClub offers an iOS app rated 4.8 (vs. 2.3) and Android app rated 4.7 (vs. 1.4)
Shared Benefits
Over a 1-year period, LendingClub's LevelUp Savings pays $15 more interest on a $10,000 balance than EverBank's Performance Savings.
Executive Summary
LendingClub's LevelUp Savings takes the lead with an APY of 4.20%, available when depositing $250 or more each month, making it a strong option for those looking to maximize returns. In contrast, EverBank offers a Performance Savings account with a competitive APY of 4.05%, featuring no direct deposit requirement and no minimum balance, which may appeal to those seeking simplicity. Both accounts are online-only and have no maintenance fees, but LendingClub's higher APY and better returns at varying deposit levels position it as the winner in this comparison.
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 EverBank and LendingClub.
| Feature | EverBank | LendingClub |
|---|---|---|
| APY | 4.05% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 4.20% Range: 3.20% - 4.20% Verified: 12/6/2025 Stable (90d) |
| Product Name | Performance Savings | LevelUp Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $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 | iOS2.3 Android1.4 | iOS4.8 Android4.7 |
| BBB Rating | A+ | A+ |
| Important Notes | - | 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 $97.3 more than EverBank.
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$2,467.00(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,467.00
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 | EverBank | LendingClub |
|---|---|---|
| Performance Savings | LevelUp Savings | |
Current APY | 4.05% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.8 | -3.9 |
Days Since Change | 78 | 148 |
12-Month High | 4.75% | 4.75% |
12-Month Low | 4.05% | 4.20% |
Adjustments / Mo | 0.25 | 0.25 |
Volatility Score | 0.028 | 0.033 |
How to read these metrics(Click to expand)
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