Ivy Bank vs. Lending Club
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Ivy Bank vs. LendingClub
Key Metrics at a Glance
| Feature | Ivy Bank | LendingClub |
|---|---|---|
| Top Savings APY | 4.25% High-Yield Savings Account | 4.20% LevelUp Savings |
| Minimum to Open | $2,500 | $0 |
| Minimum Balance for Top APY | $2,500 | $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. |
Ivy Bank
Strengths
- Ivy Bank offers a higher APY of 4.25% compared to LendingClub's 4.20%.
- Ivy Bank has no maintenance fees for its savings account.
- Ivy Bank's App Store rating is 4.7, slightly lower than LendingClub's.
Potential Drawbacks
- Ivy Bank requires a minimum deposit and balance of $2,500.
- Ivy Bank has no branches, which may limit customer service options.
- Ivy Bank's Google Play rating is only 3.5, lower than LendingClub's.
LendingClub
Strengths
- LendingClub has a lower minimum deposit and balance requirement of $0.
- LendingClub's Google Play rating is 4.6, higher than Ivy Bank's.
- LendingClub's BBB rating is A+, superior to Ivy Bank's A-.
Potential Drawbacks
- LendingClub's APY of 4.20% is lower than Ivy Bank's 4.25%.
- LendingClub's APY drops to 3.20% without a $250 monthly deposit.
- LendingClub has no branches, similar to Ivy Bank.
→ As of November 12, 2025 Ivy Bank offers an APY of 4.25% for its High-Yield Savings Account, with a minimum balance of $2,500, compared to LendingClub's 4.20% APY for its LevelUp Savings account, with a minimum balance of $0.
→ Ivy Bank yields $5 more than LendingClub on a $10,000 balance after one year. Ivy Bank pays $425, while LendingClub pays $420 - an APY advantage for Ivy Bank.
Calculate Savings Growth for Ivy Bank vs LendingClub
Ivy Bank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
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, Ivy Bank's total earnings would be $32.5 higher than LendingClub's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Ivy Bank's vs LendingClub's Savings Accounts
| Ivy Bank | LendingClub | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | LevelUp Savings |
| APY | 0.05% - 4.25% (as of 11/12/2025) | 3.20% - 4.20% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $2,500 | $0 | |
| Minimum Balance for APY | $2,500 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | United States | |
| 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 | 4.7/5 | 4.8/5 | |
| Google Play Rating | 3.5/5 | 4.6/5 | |
| BBB Rating | A- | A+ |
No historical data available.