Everbank vs. Lending Club
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 16, 2025
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Summary of EverBank vs. LendingClub
Key Metrics at a Glance
| Feature | EverBank | LendingClub |
|---|---|---|
| Top Savings APY | 4.05% Performance Savings | 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. |
EverBank
Strengths
- EverBank offers a higher APY of 4.05% for its Performance Savings account.
- No maintenance fees for the Performance Savings account.
- EverBank has 11 branches located in Florida and California.
Potential Drawbacks
- EverBank has low App Store and Google Play ratings: 2.3 and 1.5.
- Not BBB Accredited despite an A+ rating.
- No direct deposit requirement may limit some users.
LendingClub
Strengths
- LendingClub has excellent App Store and Google Play ratings: 4.8 and 4.6.
- LendingClub's LevelUp Savings account offers a competitive APY of 4.20%.
- No maintenance fees for the LevelUp Savings account.
Potential Drawbacks
- LendingClub has no physical branches.
- The higher APY of 4.20% requires monthly deposits of $250 or more.
- Not BBB Accredited despite an A+ rating.
→ As of November 16, 2025 EverBank offers an APY of 4.05% for its Performance 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 $15 more than EverBank on a $10,000 balance after one year. EverBank pays $405, while LendingClub pays $420 - an APY advantage for LendingClub.
Calculate Savings Growth for EverBank vs LendingClub
EverBank - Performance Savings
Total savings breakdown:
- Interest earned: $2,467 (12.05%)
- Total contributions: $13,000 (63.52%)
- Initial deposit: $5,000 (24.43%)
Your total balance
$20,467.00
Total balance: $20,467
Earnings: $2,467
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, EverBank's total earnings would be $97.3 lower than LendingClub's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare EverBank's vs LendingClub's Savings Accounts
| EverBank | LendingClub | ||
|---|---|---|---|
| Product | Performance Savings | vs | LevelUp Savings |
| APY | 4.05% (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 | 2.3/5 | 4.8/5 | |
| Google Play Rating | 1.5/5 | 4.6/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 11 Months)
| EverBank | LendingClub | ||
|---|---|---|---|
| Product | Performance Savings | vs | LevelUp Savings |
| Latest APY | 4.05 % | 4.20 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -2.6 | -4.2 | |
| Rate Changes / Mo | 0.27 | 0.27 | |
| Days Since Last Change | 58 | 128 | |
| High (-11 m) | 4.75 % | 4.75 % | |
| Low (-11 m) | 4.05 % | 4.20 % | |
| Draw-down from High | -14.7 % | -11.6 % | |
| Volatility (CV) | 0.026 | 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.