Lending Club vs. Openbank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of LendingClub vs. Openbank
Key Metrics at a Glance
| Feature | LendingClub | Openbank |
|---|---|---|
| Top Savings APY | 4.20% LevelUp Savings | 4.20% High-Yield Savings Account |
| Minimum to Open | $0 | $500 |
| 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. |
LendingClub
Strengths
- LendingClub offers a competitive APY of 4.20% with a low monthly deposit requirement of $250.
- LendingClub has a higher App Store rating of 4.8 compared to Openbank's 3.2.
- LendingClub has a BBB rating of A+, indicating a higher trustworthiness.
Potential Drawbacks
- LendingClub's APY drops to 3.20% if the monthly deposit requirement is not met.
- LendingClub is not BBB accredited, despite its A+ rating.
Openbank
Strengths
- Openbank's APY of 4.20% is stable with no lower APY for unmet conditions.
- Openbank has no minimum balance requirement for its savings account.
Potential Drawbacks
- Openbank has a lower App Store and Google Play rating of 3.2.
- Openbank is not rated by the BBB, indicating potential trust issues.
→ As of 11/12/2025 both LendingClub (LevelUp Savings) and Openbank (High-Yield Savings Account) offer an APY of 4.20% .
→ Both banks yield $420 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.
Calculate Savings Growth for LendingClub vs Openbank
LendingClub - 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 OverviewOpenbank - High-Yield Savings Account
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, LendingClub's total earnings would be the same as Openbank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare LendingClub's vs Openbank's Savings Accounts
| LendingClub | Openbank | ||
|---|---|---|---|
| Product | LevelUp Savings | vs | High-Yield Savings Account |
| APY | 3.20% - 4.20% (as of 11/12/2025) | 4.20% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $0 | $500 | |
| 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 | 4.8/5 | 3.2/5 | |
| Google Play Rating | 4.6/5 | 3.2/5 | |
| BBB Rating | A+ | Not Rated |
Comparative Historical APY Insights (Last 9 Months)
| LendingClub | Openbank | ||
|---|---|---|---|
| Product | LevelUp Savings | vs | High-Yield Savings Account |
| Latest APY | 4.20 % | 4.20 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.1 | -4.0 | |
| Rate Changes / Mo | 0.23 | 0.35 | |
| Days Since Last Change | 125 | 114 | |
| High (-9 m) | 4.50 % | 4.75 % | |
| Low (-9 m) | 4.20 % | 4.20 % | |
| Draw-down from High | -6.7 % | -11.6 % | |
| Volatility (CV) | 0.027 | 0.028 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 260 days.
- Low (-9 m)
- Lowest APY in the last 260 days.
- Draw-down from High
- How far today sits below the 9-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.