Ivy Bank vs. LendingClub
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Ivy BankHigh-Yield Savings Account Jan 7, 2026 | LendingClubLevelUp Savings Jan 7, 2026 |
|---|---|---|
| APY | 0.05% - 4.10% | 3.00% - 4.00% |
Est. Earnings | $5,000+$205 $10,000+$410 $25,000+$1,025 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $2,500 | $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 InsuredMod. MinimumGreat iOS App | 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 Ivy Bank vs. LendingClub
As of Ivy Bank offers an APY of 4.10% for its High-Yield Savings Account, with a minimum balance of $2,500, compared to LendingClub's 4.00% APY for its LevelUp Savings account, with a minimum balance of $0.
Ivy Bank pays $10 more than LendingClub on a $10,000 balance after one year. Ivy Bank pays $410, while LendingClub pays $400 - an APY advantage for Ivy Bank.
Why Ivy Bank?
- ✓No checking account or direct deposit required
Why LendingClub?
- ✓Higher rated Android app (4.7 vs 3.5)
- ✓Available Nationwide
— Key Feature Differences —
Best Mobile App Experience
LendingClubLendingClub offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.7 (vs. 3.5)
Shared Benefits
Over a 1-year period, Ivy Bank's High-Yield Savings Account pays $10 more interest on a $10,000 balance than LendingClub's LevelUp Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Ivy Bank offers a High-Yield Savings Account with a competitive APY of 4.10%, requiring a minimum deposit and balance of $2,500, and is available online only. However, eligibility is restricted to residents of California and U.S. Territories, excluding the District of Columbia. In comparison, LendingClub's LevelUp Savings account provides an APY of 4.00%, with no minimum deposit or balance requirements, but to earn the advertised rate, a monthly deposit of $250 is necessary. Both accounts have no maintenance fees and compound interest daily, making them attractive options for savers.
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
Ivy Bank vs. LendingClub Savings Calculator
You earn $10 more with Ivy Bank than LendingClub 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.
Ivy Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
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 | Ivy Bank | LendingClub |
|---|---|---|
| APY | 4.10% Range: 0.05% - 4.10% Verified: 1/7/2026 - | 4.00% Range: 3.00% - 4.00% Verified: 1/7/2026 ↘︎ 0.20%90d Change |
| Product Name | High-Yield Savings Account | LevelUp Savings |
| Minimum Deposit | $2,500 | $0 |
| Min. Balance for APY | $2,500 | $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 | iOS4.7 Android3.5 | iOS4.8 Android4.7 |
| 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 Ivy 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 | Ivy Bank | LendingClub |
|---|---|---|
| High-Yield Savings Account | LevelUp Savings | |
Current APY | 4.10% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -11.9 | -16.4 |
Days Since Change | 22 | 26 |
2-Month High | 4.25% | 4.20% |
2-Month Low | 4.10% | 4.00% |
Adjustments / Mo | 0.55 | 0.55 |
Volatility Score | 0.018 | 0.024 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Ivy Bank vs...
Comparing against Standard Savings
Compare LendingClub vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.