Lending Club vs. Salem Five Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of LendingClub vs. Salem Five Direct
Key Metrics at a Glance
| Feature | LendingClub | Salem Five Direct |
|---|---|---|
| Top Savings APY | 4.20% LevelUp Savings | 3.71% eOne Savings |
| Minimum to Open | $0 | $10 |
| Minimum Balance for Top APY | $0 | $0.01 |
| 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 high APY of 4.20%, unchanged from 30 days ago.
- LendingClub has a higher App Store rating at 4.8 compared to Salem Five Direct's 4.7.
- No minimum deposit or maintenance fees for LendingClub's LevelUp Savings account.
Potential Drawbacks
- LendingClub's APY drops to 3.20% without a $250 monthly deposit.
- LendingClub is not BBB accredited despite an A+ rating.
- LendingClub has no physical branches.
Salem Five Direct
Strengths
- Salem Five Direct has a lower APY of 3.71%, but no conditions for the rate.
- Salem Five Direct has a lower minimum deposit requirement of $10.
- Salem Five Direct offers a lower maintenance fee structure with no fees.
Potential Drawbacks
- Salem Five Direct's APY decreased from 4.01% over the past 30 days.
- Salem Five Direct has a lower App Store rating at 4.7 compared to LendingClub's 4.8.
- Salem Five Direct is not BBB accredited and has an A- rating.
→ As of November 14, 2025 LendingClub offers an APY of 4.20% for its LevelUp Savings account, with a minimum balance of $0, compared to Salem Five Direct's 3.71% APY for its eOne Savings account, with a minimum balance of $0.01.
→ LendingClub yields $49 more than Salem Five Direct on a $10,000 balance after one year. LendingClub pays $420, while Salem Five Direct pays $371 - an APY advantage for LendingClub.
Calculate Savings Growth for LendingClub vs Salem Five Direct
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 OverviewSalem Five Direct - eOne Savings
Total savings breakdown:
- Interest earned: $2,248.1 (11.10%)
- Total contributions: $13,000 (64.20%)
- Initial deposit: $5,000 (24.69%)
Your total balance
$20,248.10
Total balance: $20,248.1
Earnings: $2,248.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, LendingClub's total earnings would be $316.2 higher than Salem Five Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare LendingClub's vs Salem Five Direct's Savings Accounts
| LendingClub | Salem Five Direct | ||
|---|---|---|---|
| Product | LevelUp Savings | vs | eOne Savings |
| APY | 3.20% - 4.20% (as of 11/14/2025) | 3.71% (as of 11/14/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $0 | $10 | |
| Minimum Balance for APY | $0 | $0.01 | |
| 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 | 4.7/5 | |
| Google Play Rating | 4.6/5 | 4.2/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 10 Months)
| LendingClub | Salem Five Direct | ||
|---|---|---|---|
| Product | LevelUp Savings | vs | eOne Savings |
| Latest APY | 4.20 % | 3.71 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -3.9 | -1.6 | |
| Rate Changes / Mo | 0.20 | 0.20 | |
| Days Since Last Change | 126 | 9 | |
| High (-10 m) | 4.50 % | 4.01 % | |
| Low (-10 m) | 4.20 % | 3.71 % | |
| Draw-down from High | -6.7 % | -7.5 % | |
| Volatility (CV) | 0.029 | 0.020 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 297 days.
- Low (-10 m)
- Lowest APY in the last 297 days.
- Draw-down from High
- How far today sits below the 10-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.