LendingClub vs. Santander 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
Santander Bank
Santander Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander Savings
Comparison Analysis
Comparing LendingClub vs. Santander Bank
Why LendingClub?
- ✓Higher potential APY (4.20% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.7 vs 4.0)
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
— Key Feature Differences —
Better Returns at $10,000
LendingClubLendingClub's LevelUp Savings earns more on smaller deposits (approx. $420 vs $1/yr).
Better Returns at $25,000
LendingClubLendingClub's LevelUp Savings pulls ahead with larger amounts (approx. $1050 vs $3/yr).
Shared Benefits
Over a 1-year period, LendingClub's LevelUp Savings pays $419 more interest on a $10,000 balance than Santander Bank's Santander Savings.
Executive Summary
LendingClub offers a competitive LevelUp Savings account with an APY of 4.20%, significantly outperforming Santander Bank's Savings account, which yields only 0.01%. To earn the higher rate at LendingClub, a monthly deposit of $250 or more is required; otherwise, the rate drops to 3.20%. Both banks have no maintenance fees and are FDIC insured, but LendingClub operates online only, while Santander Bank provides physical branch access. For those seeking higher returns, LendingClub is the clear choice.
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 Santander Bank.
| Feature | LendingClub | Santander Bank |
|---|---|---|
| APY | 4.20% Range: 3.20% - 4.20% Verified: 12/6/2025 Stable (90d) | 0.01% Verified: 12/6/2025 ↘︎ 0.02%90d Change |
| Product Name | LevelUp Savings | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $1 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.7 | iOS4.8 Android4.0 |
| BBB Rating | A+ | Not Rated |
| 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
LendingClub earns $2,558.6 more than Santander 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
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
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 | Santander Bank |
|---|---|---|
| LevelUp Savings | Santander Savings | |
Current APY | 4.20% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.6 | -0.2 |
Days Since Change | 148 | 78 |
10-Month High | 4.50% | 0.03% |
10-Month Low | 4.20% | 0.01% |
Adjustments / Mo | 0.19 | 0.09 |
Volatility Score | 0.029 | 0.375 |
How to read these metrics(Click to expand)
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