LendingClub vs. Sallie Mae Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
LendingClub
LevelUp Savings
Up to4.20%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppRange: 3.20% – 4.20%Show Fine Print & Trends Hide Details
LendingClub
LevelUp Savings
Sallie Mae Bank
High-Yield Savings Account
3.90%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Sallie Mae Bank
High-Yield Savings Account
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.
LendingClub vs. Sallie Mae Bank Savings Calculator
LendingClub earns $194.1 more than Sallie Mae Bank.
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
Sallie Mae Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,370.20(11.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,370.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing LendingClub vs. Sallie Mae Bank
Why LendingClub?
- ✓Higher potential APY (4.20% vs 3.90%) on all balances
- ✓Higher rated iOS app (4.8 vs 1.5)
- ✓Higher rated Android app (4.7 vs 1.6)
Why Sallie Mae Bank?
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
LendingClubLendingClub's LevelUp Savings earns more on smaller deposits (approx. $420 vs $390/yr).
Better Returns at $25,000
LendingClubLendingClub's LevelUp Savings pulls ahead with larger amounts (approx. $1050 vs $975/yr).
Best for Simplicity
Sallie Mae BankSallie Mae Bank's High-Yield Savings Account offers 3.90% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
LendingClubLendingClub offers an iOS app rated 4.8 (vs. 1.5) and Android app rated 4.7 (vs. 1.6)
Shared Benefits
Over a 1-year period, LendingClub's LevelUp Savings pays $30 more interest on a $10,000 balance than Sallie Mae Bank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
LendingClub offers the LevelUp Savings account with a competitive APY of 4.20%, provided that a monthly deposit of $250 or more is made; otherwise, a lower rate of 3.20% applies. This account is online-only and has no maintenance fees, making it an attractive option for savers. In contrast, Sallie Mae Bank's High-Yield Savings Account provides a slightly lower APY of 3.90% with no direct deposit requirement, caps, or bundling needed. Both accounts require no minimum deposit or balance and are also online-only. Overall, LendingClub's LevelUp Savings account stands out as the winner due to its higher APY.
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 Sallie Mae Bank.
| Feature | LendingClub | Sallie Mae Bank |
|---|---|---|
| APY | 4.20% Range: 3.20% - 4.20% Verified: 12/10/2025 Stable (90d) | 3.90% Verified: 12/10/2025 Stable (90d) |
| Product Name | LevelUp Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $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 | iOS4.8 Android4.7 | iOS1.5 Android1.6 |
| 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 |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | LendingClub | Sallie Mae Bank |
|---|---|---|
| LevelUp Savings | High-Yield Savings Account | |
Current APY | 4.20% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.6 | -0.1 |
Days Since Change | 152 | 313 |
11-Month High | 4.50% | 4.00% |
11-Month Low | 4.20% | 3.90% |
Adjustments / Mo | 0.19 | 0.09 |
Volatility Score | 0.029 | 0.004 |
How to read these metrics(Click to expand)
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