LendingClub vs. Peak Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
LendingClub
LevelUp Savings
Up to4.20%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppRange: 3.20% – 4.20%Show Fine Print & Trends Hide Details
LendingClub
LevelUp Savings
Peak Bank
Envision High Yield Savings
4.20%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Peak Bank
Envision High Yield Savings
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing LendingClub vs. Peak Bank
Why LendingClub?
No distinct advantages found vs Peak Bank.
Why Peak Bank?
- ✓No checking account or direct deposit required
— Key Feature Differences —
Best for Simplicity
Peak BankPeak Bank's Envision High Yield Savings offers 4.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Executive Summary
Both LendingClub and Peak Bank offer high-yield savings accounts with an APY of 4.20%. LendingClub's LevelUp Savings requires a monthly deposit of $250 to secure this rate, while the standard rate is 3.20% for lower deposits. In contrast, Peak Bank's Envision High Yield Savings does not have such a requirement, making it a simpler option for savers. Both accounts are online-only, with no maintenance fees, and are FDIC insured. Overall, while both banks offer comparable rates, Peak Bank's account is highlighted for its simplicity.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both LendingClub and Peak Bank.
| Feature | LendingClub | Peak Bank |
|---|---|---|
| APY | 4.20% Range: 3.20% - 4.20% Verified: 12/6/2025 Stable (90d) | 4.20% Verified: 12/6/2025 ↘︎ 0.15%90d Change |
| Product Name | LevelUp Savings | Envision High Yield Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0 | N/A |
| 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 Android4.7 | iOS4.8 Android4.6 |
| BBB Rating | A+ | A+ |
| Important Notes | 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. | - |
| Next Steps |
Savings Comparison
Both accounts earn exactly the same amount.
LendingClub
LevelUp Savings
Savings Breakdown
- Interest Earned+$2,564.30(12.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,564.30
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$2,564.30(12.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,564.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | LendingClub | Peak Bank |
|---|---|---|
| LevelUp Savings | Envision High Yield Savings | |
Current APY | 4.20% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.7 | -3.7 |
Days Since Change | 148 | 66 |
10-Month High | 4.50% | 4.54% |
10-Month Low | 4.20% | 4.20% |
Adjustments / Mo | 0.20 | 0.41 |
Volatility Score | 0.027 | 0.028 |
How to read these metrics(Click to expand)
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