
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
finder.com’s rating: 3.8 / 5.0
★★★★★
The LendingClub High-Yield Savings account offers no monthly maintenance fees, and you’ll earn a solid interest rate with no balance requirements. But with only one Boston-area bank branch, expect to do all of your banking online and over the phone.
4.00%
APY
$0
Fee
$100
Minimum deposit to open
Annual percentage yield (APY) | 4.00% |
---|---|
Fee | $0 |
Minimum deposit to open | $100 |
Minimum balance to earn interest | $0.01 |
Interest compounding | Daily |
Review by
Kimberly Ellis is a personal finance writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.
The LendingClub High-Yield Savings account is best for those who want easy access to their funds. Unlike most savings accounts, you’ll get an optional ATM card to withdraw cash at any MoneyPass or SUM ATM for free.
Its rate is 4% APY, which is quite competitive with the other top performing savings accounts on the market. This savings account used to be hampered by rather strict balance requirements for earning the best APY, but LendingClub has relaxed these requirements. Now, you’ll earn the same APY no matter how much cash is in your account.
Sign up for a LendingClub High-Yield Savings account now, or compare other high-yield savings accounts that offer attractive APYs.
Enroll in a LendingClub High-Yield Savings account with these steps:
Sign up for a LendingClub High-Yield Savings account when you meet these requirements:
LendingClub will ask for the following information when you apply:
The LendingClub High-Yield Savings account offers a mobile app with custom alerts along with the following perks:
Before you apply for an account with LendingClub, keep the following in mind:
But if you use another ATM network anywhere in the world, LendingClub won’t charge an out-of-network ATM fee, although the ATM operator may.
Use this table to compare other savings accounts by interest, fees and features. For more options, select Compare accounts to compare even more savings accounts.
You have several options to deposit and withdraw your money with LendingClub:
Get help with your LendingClub High-Yield Savings account by:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.
LendingClub High-Yield Savings is not currently available on Finder
Have you considered U.S. Bank Elite Money Market?
With a tiered interest rate, U.S. Bank Elite Money Market pays you more interest for higher balances. Earn 0.01% APY for balances under $10,000. Earn up to 1.07% APY for balances $500,000+. Get overdraft protection. Monthly fee is waived for a $10,000+ balance.