Lending Club vs. Peak Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 16, 2025
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Summary of LendingClub vs. Peak Bank
Key Metrics at a Glance
| Feature | LendingClub | Peak Bank |
|---|---|---|
| Top Savings APY | 4.20% LevelUp Savings | 4.20% Envision High Yield Savings |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $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 $0 minimum deposit.
- LendingClub has no maintenance fees for its accounts.
- LendingClub's App Store rating is 4.8.
Potential Drawbacks
- LendingClub's APY is unchanged from 30 days ago.
- LendingClub requires a monthly deposit of $250 to earn the highest APY.
- LendingClub's Google Play rating is lower at 4.5.
Peak Bank
Strengths
- Peak Bank's APY of 4.20% is accessible with a $100 minimum deposit.
- Peak Bank's Google Play rating is higher at 4.7.
- Peak Bank has no maintenance fees for its accounts.
Potential Drawbacks
- Peak Bank's APY decreased from 4.35% in the last 30 days.
- Peak Bank has a higher minimum deposit requirement than LendingClub.
- Peak Bank's App Store rating is also 4.8.
→ As of 10/16/2025 both LendingClub (LevelUp Savings) and Peak Bank (Envision High Yield Savings) 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 Peak Bank
LendingClub
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 OverviewPeak Bank
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 Peak Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare LendingClub's vs Peak Bank's Savings Accounts
| LendingClub | Peak Bank | ||
|---|---|---|---|
| Product | LevelUp Savings | vs | Envision High Yield Savings |
| APY | 3.20% - 4.20% (as of 10/16/2025) | 4.20% (as of 10/16/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $100 | |
| Minimum Balance for APY | $0 | N/A | |
| 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 | 4.8/5 | |
| Google Play Rating | 4.5/5 | 4.7/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 8 Months)
| LendingClub | Peak Bank | ||
|---|---|---|---|
| Product | LevelUp Savings | vs | Envision High Yield Savings |
| Latest APY | 4.20 % | 4.20 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.6 | -3.0 | |
| Rate Changes / Mo | 0.24 | 0.49 | |
| Days Since Last Change | 97 | 15 | |
| High (-8 m) | 4.50 % | 4.54 % | |
| Low (-8 m) | 4.20 % | 4.20 % | |
| Draw-down from High | -6.7 % | -7.5 % | |
| Volatility (CV) | 0.027 | 0.021 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 245 days.
- Low (-8 m)
- Lowest APY in the last 245 days.
- Draw-down from High
- How far today sits below the 8-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.