Forbright Bank vs. LendingClub
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Forbright BankGrowth 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 | $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 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 Forbright Bank vs. LendingClub
As of both Forbright Bank (Growth 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.
In addition, Forbright Bank also offers 3.65% APY for the Bright Savings account, with a minimum balance of $250,000.
Why Forbright Bank?
- ✓No checking account or direct deposit required
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Offers 3 different high-yield savings options
- ✓Fast transfers via Zelle®
Why LendingClub?
No distinct advantages found vs Forbright Bank.
— Key Feature Differences —
Best for Simplicity
Forbright BankForbright Bank's Growth Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Executive Summary as of
Forbright Bank and LendingClub both offer competitive savings products with a top APY of 4.00%. Forbright's Growth Savings account features no minimum deposit, maintenance fees, or direct deposit requirements, making it simple and accessible for savers. In contrast, LendingClub's LevelUp Savings account also provides a 4.00% APY, but this rate is contingent upon depositing at least $250 each month; otherwise, a lower APY of 3.00% applies. Both accounts are online-only, catering to those who prefer digital banking solutions.
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
Forbright Bank vs. LendingClub Savings Calculator
Both accounts earn exactly the same amount.
Forbright Bank
Growth 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 | Forbright 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 | Growth 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 | iOS4.8 Android4.5 | iOS4.8 Android4.7 |
| Zelle® Support | Available Branch accounts only; Growth Savings online does NOT support. | 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 Forbright 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 | Forbright Bank | LendingClub | ||
|---|---|---|---|---|
| Sprout Savings | Bright Savings | Growth Savings | LevelUp Savings | |
Current APY | 3.65% | 3.65% | 4.00% | 4.00% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.3 | -3.3 | -2.6 | -4.0 |
Days Since Change | 98 | 98 | 90 | 26 |
12-Month High | 3.90% | 3.90% | 4.60% | 4.75% |
12-Month Low | 3.65% | 3.65% | 4.00% | 4.00% |
Adjustments / Mo | 0.08 | 0.08 | 0.16 | 0.33 |
Volatility Score | 0.032 | 0.032 | 0.029 | 0.036 |
How to read these metrics(Click to expand)
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