Lending Club vs. Wealthfront
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of LendingClub vs. Wealthfront
Key Metrics at a Glance
| Feature | LendingClub | Wealthfront |
|---|---|---|
| Top Savings APY | 4.20% LevelUp Savings | 4.15% Cash Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $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. | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. |
LendingClub
Strengths
- LendingClub offers a higher current APY of 4.20% compared to Wealthfront's 4.15%.
- LendingClub has an A+ BBB rating, indicating better trustworthiness than Wealthfront's F rating.
- LendingClub's App Store rating is 4.8, equal to Wealthfront's, but its Google Play rating is slightly lower.
Potential Drawbacks
- LendingClub's APY of 4.20% requires a monthly deposit of $250 or more.
- LendingClub is not BBB Accredited, similar to Wealthfront.
- LendingClub has no physical branches, as does Wealthfront.
Wealthfront
Strengths
- Wealthfront's APY starts at 4.15% for new clients for the first three months.
- Wealthfront has a higher Google Play rating of 4.9 compared to LendingClub's 4.6.
- Wealthfront has no minimum deposit or balance requirements.
Potential Drawbacks
- Wealthfront's APY drops to 3.50% after the initial three months.
- Wealthfront has an F BBB rating, indicating poor trustworthiness.
- Wealthfront has no physical branches, as does LendingClub.
→ As of November 12, 2025 LendingClub offers an APY of 4.20% for its LevelUp Savings account, with a minimum balance of $0, compared to Wealthfront's 4.15% APY for its Cash Account, with a minimum balance of $0.
→ LendingClub yields $5 more than Wealthfront on a $10,000 balance after one year. LendingClub pays $420, while Wealthfront pays $415 - an APY advantage for LendingClub.
Calculate Savings Growth for LendingClub vs Wealthfront
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 OverviewWealthfront - Cash Account
Total savings breakdown:
- Interest earned: $2,531.8 (12.33%)
- Total contributions: $13,000 (63.32%)
- Initial deposit: $5,000 (24.35%)
Your total balance
$20,531.80
Total balance: $20,531.8
Earnings: $2,531.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, LendingClub's total earnings would be $32.5 higher than Wealthfront's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare LendingClub's vs Wealthfront's Savings Accounts
| LendingClub | Wealthfront | ||
|---|---|---|---|
| Product | LevelUp Savings | vs | Cash Account |
| APY | 3.20% - 4.20% (as of 11/12/2025) | 3.50% - 4.15% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| 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. | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. | |
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.6/5 | 4.9/5 | |
| BBB Rating | A+ | F |
No historical data available.